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Charlotte was right with the general direction of travel. Since then we have had
a) directors chunky sell unexpected
B) Russian mobilisation for a war Putin is going to lose, but he clearly wants to drag out.
C) as a result of B markets are beginning to price in much longer and deeper recession.
Are you really surprised its dropped further….really?
It will get better!!
Whats not to like about that update.
As Chatlotte B says still waiting on flow, but all shaping up, nice ref to forthcoming data room.
Perhaps most importantly NO bad news,
I am calling BR the Fonz from now on. heyyyyyy!
May be i am desperate for a bit of good news in otherwise bleak times.
Not topping up at the moment!!!
Expectations for second half of 2022 The extreme volatility on multiple levels makes it hard to predict how the second half will play out. High costs across the value chain and no sign of an uplift in global milk production will continue to impact the full year and we expect sustained high dairy prices. Accelerated price increases, led by commodity
prices and followed by high inflation in retail and foodservice, will further decrease consumption and change consumer patterns, however it is difficult to predict the full extent of this trend.
Mmmh seems like UK is having a much better August too. -8 forecast to actual +37 is quite a range
Perhaps we might see a very encouraging trading update following this reported update
The CBI said the sales balance leapt to +37 in August from -4 in July, and well above the consensus of -8.
I think adding more is questionable at the moment. I look at say dunelm, great profits, smashed their digital targets, massively enhanced their fulfilment capability and look at where the SP is languishing. Ie macro fears are dominating
I will take my Que from next update. All options including crystallise losses being considered.. not expecting poor numbers (or great numbers), but will want to see purposeful update on how they see this progressing over next 2 years. Need some hope
Most Helium finds are via serendipty. I picked this research paper up via HE1 whom i never heard of till 10 minutes ago
Wonder if PANR could by chance have stumbled on a world class commercially viable helium resource.
https://www.researchgate.net/publication/357750574_The_principles_of_helium_exploration
Strikes me that Charlotte had the measure of this. Little disappointed at the tone they were spoken to.
i will wait for the flow rates and commerciality assessment.
A quick question. If Alkaid #2 proves a dud on flow, the capital raise leaves enough in the bank to develop Theta West.?
In this case we are back to 60p, but still have a viable winter programme?? Is that current worst case scenario?
Can someone help me out a bit. I just trying to reconcile the comment ref 80,000 bopd from pikka with what alkaid and SMD are likely to produce.
Can i clarify anything circa 750 bopd per from alkaid 2 confirmed could then be extrapolated across multiple wells.
Finally just want understand comparable stage. Repsol jumped in after the equivalent of pikka flow / commerciality tests by the developer of that field?? Ie is panr just behind pikka by a short distance in project terms??
"In fact, we expect oil demand to continue to grow for the rest of the decade, despite downward economic pressures on short-term global forecasts," he added. saudi aramco ceo after near $50bn quarterly profit
Mmmh something to ponder
Do you remember
The 21st night of September?
Love was changin' the minds of panr
While chasin' the clouds away
Our hearts were ringin'
In the key that our souls were singin'
As we danced in the night, panr
How the jay n bob stole the night away, oh, yeah