Member Info for ocelot

... around 255bopd production. At $40 thats $1,800 daily ...
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255 x 40 = 10,200

Think they have long-term ambitions for the company.

Given Saltfleetby's positive cash flow is forecast to be front-end loaded, they will be very keen to employ the cash flow in order to add further momentum to ANGS's prospects.

It sounded from one of GL's interviews (maybe that with Malcy) that their current preference is for another gas deal, smaller than Saltfleetby and quite possibly on the continent.

If they could show they can get 300 bopd from HH-2z, think the share price would rise significantly, given that it currently reflects zero bopd from HH-2z.

15 trades on NEX, 9 on AIM, so far.

1/2m x £1,400 = £700m, not taking into account the premium for Welsh gold.

Mirasol,

Clarification of any of the points you mention could well be interpreted as good news, given where the share price currently is.

If this was the House of Lords, at least there would be an attendance allowance for posters who are not invested to claim!

We are all aware of the recent news affecting the share price, in particular, as far as I am concerned, the news of the renewed water ingress problem at HH -2z.

But it is this news which explains why the share price is where it currently is.

Alarmist predictions are just that, alarmist predictions.

Evidence of activity on site, suggestions of plans for the way ahead, even clarification of Surrey CC's planning meeting decision re Loxley, there are a number of potential triggers to prompt a more positive assessment of the share's future prospects.

More active on NEX (7 trades) than on AIM (4 trades) so far this morning.

Another extract:

... But junior miners are now starting to benefit. Take the case of American Pacific Mining Corp., an exploration and gold-mining firm with market capitalization of less than $20 million. The company raised $3 million in the second quarter, six times more than it had initially planned. Interest was so big that it had to turn away offers for more, said CEO Warwick Smith.

“The big boys play first, and then that money trickles down to the smaller companies, exploration companies,” he said...

Nobody can stop them so let them post amongst themselves.

I do wonder what kind of an impression they make on a neutral observer from the outside.

Bloomberg article dated today. Couple of extracts:

... With the Covid-19 crisis threatening economies worldwide and gold prices soaring on the heels of monetary and stimulus programs, precious-metals companies have become the darlings of the investment community. The sector, which once largely drew the attention of specialist funds, is now attracting a broad base of investors.

“All of a sudden we’re seeing real interest from generalists,” said Bryan Slusarchuk, chief executive officer of Fosterville South Exploration Ltd., whose company plans to dig for gold in Australia. “If this continues, it could just be the start of an incredible bull market for gold equities.” ...

https://www.bloomberg.com/news/articles/2020-07-20/wall-street-is-throwing-billions-at-once-shunned-gold-miners?sref=Em01M8Hr

Volume has slowed right down during the last hour, about 17m out of day's total of 190.3m so far, as per advfn.

Net assets at 31/03/20: £47.859m or 0.44p per share

GL was referring to "ill-informed or deliberately misleading" posters.

GL doesn't name the posters involved, so it is only the regular posters on the board who can identify those concerned.

10 mins ago

Perhaps the big wave has already come, Baggins321, and soon you will see dolphins frolicking in the sea.

Don't see any point in SS saying anything until he has something to say.

The market is the market, if PIs want to take the exit door, then that is their choice.

We can all see that those selling now are selling at all-time historic lows. Are they right to do so? It is their money, it is, therefore, their choice.