Hmmm, tricky one. I'm going to take a guess at 2% p.a. on their c. £35 Million debt ... --------------------- There is no £35m debt. Borrowings at 31/03/21 were £3.086m and consist of the advances to HHDL made by the 2 outside investors, principally Alba, where interest is, from memory, 10% over base rate.
The dewatering permission has slowed down exploration of the flooded Llechfraith shaft but doesn't call into question the quality and potential magnitude of the resource they have in Clogau and the Dolgellau gold field.
Have been here a good, long time, have witnessed management's confidence in the prospects for North Wales and how it has grown as their work has progressed and everything they have undertaken has either met or exceeded their expectations.
Believe this a basement level share price and don't know how many floors there are above.
RE: oil market running out of sellers26 Jan 2022 16:17
Futures in New York rose as much as 2% with the global benchmark touching $90 a barrel for the first time in seven years on Wednesday. Inventories at the largest U.S. oil hub fell 1.8 million barrels for the third week in a row. The oil market’s structure has surged in recent days, signaling tight supply.
Prices are also moving on mounting concern over a possible Russian incursion into Ukraine, with U.S. President Joe Biden saying he’d consider sanctioning Vladimir Putin if the Russian leader orders an invasion. While a potential conflict carries large risks for financial markets -- especially energy commodities such as natural gas and oil -- Goldman Sachs’s base case is for no disruption to supplies ...
“The market has basically been in persistent undersupply since mid-2020, thanks to OPEC+ cuts and a continued oil demand recovery,” said Helge Andre Martinsen, a senior oil analyst at DNB ASA. “We fully acknowledge that the world is not running out of oil resources, but we might enter an oil-market squeeze triggered by too little investment and oil demand rebounding quickly.” (from Bloomberg)