Member Info for NorthernMagic

end of the month. As mentioned on the 12th May re Atome -
It is expected that a further announcement relating to Atome will be made in June with progress being made on two diverse projects.
Also on the 10th May they said
We expect a continued flow of further announcements both on operations and on strategic initiatives during the course of this quarter.
There was a operations and corporate update on the 26th May but presumably there will still be a further announcement re strategic initiatives - whatever they will be.
Atb,
Northern

possible presentation of the findings relating to the core analysis. The company say this will be done by the end of the month - so maybe this week or possibly early next. Following on from previous presentations it wouldn't surprise me if they try to put some figures on to the various levels - though it might just be the case of them identifying what is the best to aim for and the valuations will come later. Either way hopefully a very exciting announcement.
Atb,
Northern

As we have such relatively big news due very soon I'm thinking we might see 6p on the announcement of the analysis of the core. On the announcement of drilling maybe 7p and on good news possibly 8-10p. As always I'm trying to be optimistic here but all imho, so please as dyor before investing your hard earned money.
Atb,
Northern

I think from looking at last year after the first half was over there was an update re production and pricing. Hopefully we will get the same this year which will give us a good comparative of last year's numbers with this years. Hopefully if highly favourable this will also help with a rerate.
Atb,
Northern

Good read garydanes. Thank you for sharing.
Atb,
Northern

The only difficulty I have dprussky is that as far as I'm concerned Origin were going to continue and we would at some stage hear news about the continued testing and we have a schedule though not specific details re drilling this year. Personally speaking I would rather see process more testing and drilling and moving the sp forward rather than waiting with no news as to what's going on. In my experience this often leads to a down trend in the sp. Also, if they don't have something to inform us re testing stopped for example I would rather that be communicated. Lack of communication I don't think gives a good feeling re progress.
Hopefully we will get some news in the next couple of weeks as it is heading towards the end of the first half of the year.
Atb,
Northern

take is on the sp staying so low and yet all recent news for some time has been positive. It will be interesting in the sense that if he does think there is a reason I wonder if any actions that President can carry out will affect it and get it back into having an upward trending sp again.
Atb,
Northern

The more I think about this company the more excited I get and this is just the beginning of their story ....
Atb,
Northern

is central to the success of the company going forward - not just in it's own right but it will prove that the management can deliver and will also provide an income stream for other projects. Talking of other projects I've been pondering they have gone for a few but I believe were looking at 75 possible places to invest their money. Once that money becomes available then I a number of those projects near the top of that list will start to be picked off. Roll on July - the Paraox drill and fingers crossed a great result.
Atb,
Northern

I know who you are talking about and they were very poor compared to CH. Used to always make me think a different person with communication skills was needed whereas I think CH is perfect for this job.
Atb,
Northern

Yes I think

I'm assuming we'll get to see the recording posted on the website tomorrow. Looking forward to seeing this.
Atb,
Northern

Well - that last comment made me smile garydanes - thank you! :-)
Atb,
Northern

garydanes,
Think you've hit the nail on the head there re if only Aminex were as good!
A quick list of the things that Aminex have got so wrong and Zephyr so right.
Aminex poor communication(very poor especially to Shareholders!) Zephyr excellent.
Aminex - delays in nearly everything they've done over a number of years - Zephyr treat timing and milestones as very important and all efforts taken to achieve.
Aminex said they had a good relationship with the Tanzanian government but are owed millions and had to take a loan out to ensure the Farm out could go ahead, Zephyr working closely with a number of partners including the government with incentives to do well!
Aminex - managers in the past have promised and underdelivered - even with reasonable expectations - Robert Ambrose left the company this year having said he would be disappointed if Aminex didn't drill this Spring - they are due to drill in 2022!! Zephyr due to extend their drill next month!
Aminex - not sure how much knowledge their current management have of the oil industry - Zephyr have knowledge experience, enthusiasm and drive a plenty!!
Despite all this one thing that Aminex do have and hopefully they do share with this with Zephyr is a great asset in terms of resources. It's obviously up to both companies to do the best for their shareholders but yes if I had my time again and the choice was Aminex or Zephyr I know which one I would go with(Malcy lost patience in waiting for progress with Aminex - yes they were once on his Bucket list! and he removed them for this year as we have to wait till next year until they get the drill bit going! Good news is the Tanzanian government are anticipating that one drilling - so hopefully no more delays.
Atb,
Nothern

Everything seems to be moving on along well. Good to hear the wells have been put on production and a couple more to follow shortly. There is then the Thursday webinar and it will be interesting if whatever is said then leads to further buying on Friday. Fantastic news re getting the reservoir details out by the end of the month and then there is the drill itself where the planning all seems to be going well. Great day and I might have to start to revise my price expectations on this one.
6p by the end of the week? 7p by the end of the month with the reservoir news. 8p when they start the lateral 10p on good results with other things no doubt being looked at behind the scenes. Really exciting share to be in - fingers crossed for more days like today.
Atb,
Northern

Well I thought it might take some time but 5p here we come.
Atb,
Northern

I could easily be wrong. I don't see it as a barrier for too long but am personally thinking the starting of the drilling will get it over 5p.
Atb,
Northern

at the moment. Personally I think it will be a bit difficult to see the sp getting over the 5p barrier in the near term. It's a little bit of one of those psychological barriers. However, in the not too distant future we have news from the company - the spud of the Paradox lateral, further news on Thursday from the Webinar and this company is constantly listening out("ears on the ground") for lots of further deals that will grow the company.
When the beginning of the lateral starts I could easily see the sp getting to between 5-6p and if good news from the drill 7-8p and then with further good news from further acquisitions and deals up we go. Day by day is good but the medium term imho is looking excellent. Like CH said though it's now for them to deliver and if so that confidence I think will bring in a lot more buyers especially as the story gets out and investments can be made in the US.
As far as I can see the BOD have made very few mistakes with strategy - here's hoping it continues!
As always please dyor and all imho.
Atb,
Northern

A good start to the week and more good news hopefully from the webinar later in the week to keep the momentum going. Really looking forward to getting that lateral well started.
Atb,
Northern

Approximately 10 times more bought than sold today. I good price target set of 5p by Peel Hunt. An 8.54% sp increase today - seems a while since we've had a few sustained rises like that which is what this company needs - more of the same please President. Let's keep the good news flowing and hopefully that sp will head up to 3,4 and dare I dream 5p.
Atb,
Northern