Member Info for oilmanmike

nice cup and handle forming on the 3mth chart.
250p gets us to the lip of the cup. News will then
lift this way beyond any handle IMO.
Target price IRO £12 IMO

HFinch what is your target for reversing the short and going long?

GB is the guy who will be running the JV not LC.
This will add some extra go to the sp once things
kick off here IMO. The Bears like to point to LC as
the reason for lack of action here but forget we have
one of the best guys in the business running the show.

hallowed you have missed the fact that 10% of the project value is worth c$15m which together with interest on the loan is more than enough.

Dilution will be kept to an absolute minimum IMO and there is a very good reason for me thinking this.

POW hold 4% of the equity and have option on another 4%. An 8% stake in Katoro leads me to conclude
the financing will be mostly debt based BUT in the case where the best all round option involves the lender
wanting some equity this will be satisfied by a 10% share in the JV company. Therefore the max I can see us
having to give up would be 5%. Paul Johnson will see to that IMO

nice sharp analysis, thanks Kai.
Can I just add that the previous deadline for funding had expired and therefore exclusivity was no longer guaranteed, with an extended deadline out to September it till is. A technicality which arose undoubtably from the difficulties the world faces with CV-19.
With regards to LC he will shortly take a back seat on the Blyvoor project and will hand over the reigns to Graham Briggs once the initial funding round is complete.
Also LC seems to be a case of "the boy who cried wolf" IMO

fair enough but the idea of having to advertise what could be the best thing we have seems wrong.
ATB

I beg to differ.
Gilead repurposed an existing drug to see if it was useful for CV19. it was effective in 29% of cases and the market added $20bn to what it had decided was the market value based on operations prior to CV19. Yes Gilead can produce more readily but then so can Astra and so the $20bn valuation
for a therapy still stands

that if Remdesivir can add $20bn to the value of Gilead with a 29% reduction in hospitalised cases,
then a 79% reduction in hospitalised cases has to be worth a couple of billion at least.
Peer case review will not be too long, 2 to 3 weeks.
As it is highly likely that the product will be licensed on an 'emergency basis' because not only does it save lives, it keeps patients out of intensive care which is where the bottle neck will come on the second wave which we now undoubtably face. This not only relieves pressure on ICU if it gets really bad but also saves a lot of money in a milder scenario.
It is very difficult to refute this logic currently which is why II's will continue to build here. My target
is £8 here when the get is licensed. They will be looking fore more as this drug can be used against the virus as it mutates where as a vaccine, as has been shown with the flu vaccine, is much more of a hit and miss affair.

So if Gilead added billions on news of an inferior drug then this can easily surpass £10 per share

the increase/decrease in the companies overall value (market cap) normally reflects the markets estimation of the value of the project. At £10 the drug is valued £1.5bn. The shares would have to be over £100 for the whole company to be worth $20bn.
Perhaps this will help

remdesivir added $20 to the market cap in months.
No reason why this isn't worth over £10 for where we are.
the route to market has just been turbo charged!!

thats why the placing was oversubscribed.

proper are you Chris..... on twitter?

could have entered auction

buys outnumber sells by 3 to 1 here this morning.
Buys marked as sells with the wider spread. Don't
be fooled. Lets see what happens with a lower spread-

Any TA player on the board??!!!

I think we have all got the idea that you dislike LC.
This implies to me you are hurting bad in Kibo.
You are on the wrong board. This is a different company.
Also you keep forgetting the the project manager is GB
who has one of the best reps in the gold mining game. Heard
of Harmony Gold?

Good day to you Bridges ,
I have been following this on and off for a couple of years now.
Traded a couple of false starts etc .....
I must say 2%+ is a very solid position to have here so good on you.
You mentioned your dip into crude futures and trading the recent volatility
in the FRSE100 shares. Do you have a background in the markets or are
you a keen PI with a lot of experience and know how. I presume you are using
CFD's or SB's as these days they provide the easiest access to implement strategies
as they arise. In the old days you needed an options account to gain leverage to the
futures. How things have changed.
I have a couple of questions if I may.
Once the Oil Minister and CLON have agreed the way forward which I presume is the
subject of this 'high level' meeting approximately how long do you expect it to take
for the said agreement to be ratified by Parliament?
Do you expect an initial leg up for the CLON sp once the first steps have been agreed
up to around 2p before the explosion to over 10p on the ratification?

TIA. OMM

thanks for clarifying freeshare.