We would love to hear your thoughts about our site and services, please take our survey here.
Tamer
https://x.com/apathnottaken/status/1760184929889960189?s=46&t=rXXwbKnHI02h5okyZmoFyA
BHP investing / JV / farm in on exploration assets
Interesting!
Met coal is >$400/t
Total costs $30/t incl transport - maybe $50/t now
We only need to sell 6500 tonnes of net coal to pay for the modular coke plant!
Why would we need to place?
So illogical
Also have multiple interested parties for the gold asset - Kalana sold for $120m when gold was $1500/oz
We could easily attract significant cash for farm in or sale
Posters on her never read RNS’
This is what Lucan said:
“ The present gas price forward curve shows very high average prices of over 400 pence per therm for 2022.
In fact, gross production, of which we have a 51% share, solely from the existing wells and which is wholly unhedged for the month of June, is expected to yield 1.5 million therms or gross revenue of £7.2 million at today's forward price for that month alone”
Now go and look at Nat Gas price (not UK Nat Gas) was
It had been bouncing between $4.35 and $5.13 on the JUNE FUTURES
Which what he based his comments on
Some of the posters on here would make good case studies for psychology graduates
If you are not shorters, then your proof that some people would prefer to wish so hard and do whatever they can to see a co fail just to prove themselves right when they say the co is poor. Alternatively rather than taking responsibility for their own trading decisions, not managing risk effectively, they live in a perpetual cycle of blame
Either way, Matt has survived the biggest economic shock in 100 years compounded by a negative oil price environment AND almost zero demand and still managed to go in to production, with a second well flowing as we speak
Great year for NTOG, live in the present and the present is looking very good
I reckon it has something to do with elephant oil ie JV. EO ipo (& capital raise) was delayed until September, now mid April. Wouldn’t be surprised to see Tunisia suddenly speed up once EO lists
88e paid an expensive price given the value here.
88e paid £7m for 219bopd net (73%)
Ntog could be producing that amount very soon
So much upside here. Very little downside
And that applies no value to potential Tunisian deal
Thanks Jungmana
I have been in CGO for over 18 months.
My slides are an accurate summery of the facts (up to now).
Estimates are based on $300pt margin for coke as suggested by Carl
The numbers for met coal alone are staggering
Carl wasn’t naive thinking both projects could be in production by now…coal was ready in March 21 and gold would have been ready q4/21
What happened was Coal was postponed to test coal for Chinese (unexpected) and gold was supposed to be 300k oz open pit but ended up being 2moz
Read the RNS…300,000pa initial production - prob south mining that was ready to go Jan 2021
The projection was $70 profit per tonne earning $12mpa EBITDA in Jan 2021 - probably double that now
150,000tpa is for coke battery which won’t start until 2023
Gold production will happen soon too
“ The delivery of another LOI, within 10 days of securing our first agreement with SOUTH MINING, further highlights the strong demand dynamics for our coal products within Zimbabwe. Furthermore, the anticipated pricing of this agreement, being between $100 and $120 per metric tonne of coal delivered to Harare against the forecast extraction and washing and transport cost of circa $30 per metric tonne, provides further support for the potential value of this contract”