Member Info for pasajerodeltoro

Revenue for 2022 is high but LT provisions are also, cancelling out the benefits of increased profits.
If only they could turn the PEDLs blocked by the moratorium back into assets...

I think the only way for planning permits to be reinstated would be if Gainsborough
were uninhabited due to lack of power thanks to anti-gas, anti-coal activists;
dismal wind-power & solar performances.
https://thelincolnite.co.uk/2023/03/solar-lincolnshire-seven-major-farms-in-the-pipeline-but-theres-opposition/
https://www.msn.com/en-gb/money/other/huge-onshore-wind-turbines-taller-than-dock-tower-planned/ar-AA18PHoN

Better find out what the electricity prices are in the area.
Maybe prices will be unaffordable for locals..?

Excerpt from RNS:

A net impairment reversal was recognised on oil and gas assets in the year of £0.03 million (2021: Nil). An impairment reversal of £10.5 million was recorded in the South Cash Generating Unit (CGU) as a result of higher commodity prices. In the North CGU, an impairment charge of £8.9 million was recognised due to the increase in discount rates, higher operating costs and the impact of the Energy Profit Levy. We impaired £1.5 million of past costs on our Lybster licence as these are not expected to be recovered in any future development of the site. We are currently reviewing development options for this asset. Exploration and evaluation assets of £30.0 million were also written off during the year which included £6.0 million related to PEDL 184 following the rejection of planning consent on appeal for a well test of the Ellesmere Port-1 well and £23.8 million related to PEDLs 12, 139, 140, 169 and 210 in our core Gainsborough Trough area, following the reimposition of the moratorium on hydraulic fracturing for shale gas by the UK Government in October 2022.

There you go...
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=IGAS.L

...are dropping thanks to the banking contagion situation.
I think this is going to drop by quite a bit, so prepare yourselves accordingly.

Any chance of some more share dilution, you think?

With interest rates up, it would look at lot more attractive for a
company to issue share warrants than to borrow money.

But, I think they should only do that in a major way
if they can recover their finances at some point from contracts signed.

Warrants are usually issued for share capital reorganisation.
For example, share capital could be converted into a dividend reserve.

Then, the company could issue scrip dividends aka 'bonus issues' at a later date.
These shares would only be issued to current investors, thus rewarding long term holders.

Of course, there would be short term pain for this as the sp will fall more,
but it'll vastly improve investor confidence in the long run.

Excerpt from Operations Update : "Great Western has been granted a tax credit in the form of an £83,000 cash payment for geological work in carried out in the years 2020 and 2021."
- Is this to do with an environmental assessment of the geology?
I can't see why the tax authorities would be so generous.
Perhaps they will offer credit up until they begin producing?

https://www.nevadacurrent.com/2021/06/01/new-mining-tax-approved-revenue-will-fund-schools/
https://tax.nv.gov/Forms/Gold_and_Silver_Excise_Tax/
https://www.nevadalandscouncil.org/nvajr1ajr2sjr1

5th Jan RNS doesn't tell us much.
Commissioning = "Approval to start work" and doesn't mean it'll be complete anytime soon.
- Nevada authorities most likely added ammendment s (environmental considerations),
that will mean it will take more time to complete and cost more.
Although, GWMO did get a grant from the authorities for some geology work. Is this related? Idk.

Excerpt from 5th Jan RNS:
"The Western Milling LLC joint venture is making good progress and a meeting is scheduled with the regulatory authority NDEP (Nevada Department of Environmental Protection) in mid-January to review plans and incorporate any modifications required by the NDEP to facilitate consent for precious metals production start-up. Production can only commence after receipt of a NDEP permit but construction can begin prior to consent. The aim of the review meeting with NDEP is to give the joint venture the confidence to start construction. Subject to weather conditions, groundwork will begin with first concrete poured at the end of February. "

Excerpts andreferences regarding progress on the Mill:

"All going to plan, groundwork and initial concrete are expected to be poured by the end of February.
A meeting is scheduled with the regulatory authority of Nevada this month to review plans,
enabling the start of construction."

https://www.proactiveinvestors.co.uk/companies/news/1002491/today-s-market-view-cleantech-lithium-great-western-mining-phoenix-copper-and-more-1002491.html

"The Company’s JV partner, Western Milling, has attended a review meeting with the
Nevada Department of Environmental Protection, who have suggested ‘reasonable’
and ‘easily manageable’ changes to the Company’s proposed mill plan.
A modified plan has now been submitted to the state agency for formal approval."

"Mill construction will begin while the Company awaits formal approval for operations,
with surface work beginning last week in advance of the first concrete pour,
currently scheduled for the end of this month, although somewhat weather dependent."

https://www.proactiveinvestors.co.uk/companies/news/1005405/today-s-market-view-arc-minerals-great-western-mining-mkango-resources-and-more-1005405.html

For reference: https://www.proactiveinvestors.co.uk/companies/news/995827/great-western-mining-on-the-potential-at-new-production-facility-in-nevada-995827.html

Is El Salvador Still Dangerous? I Went To Find Out | Sabbatical
https://youtu.be/bKLnMSvbBmk

Might be a good idea to invest in El Salvador...
...or at least visit the place and copy what they are doing.

Another good idea, bearing in mind recent extreme food inflation.
Use waste heat from server farms in greenhouses:
https://www.datacenterdynamics.com/en/analysis/server-farms-serving-farms-data-centers-and-indoor-farming/

Should the management of Schroder's and this trust decide to hold a crypto reserve of some sort...
PROCEED WITH CAUTION!! Even Max Keiser is warning people about crypto-frauds.
https://twitter.com/maxkeiser/status/1633537532989153280?s=20

Might be best to invest in server farms that can be used as crypto-mining rigs,
rather than relying on day or swing-trading cryptocoins.

Server farms can also have a valuable by-product: heating.
https://www.greenbuildingadvisor.com/article/using-server-farms-to-heat-buildings

- As I recall, Woodford invested in a heating company that involved cold fusion or something like that.
- With these server-farms, you will get real heat using real assets and real science, rather than pseudoscience.

Also, I thought this might be helpful for new investors in this stock:
https://www.businessinsider.com/personal-finance/stock-warrants?r=US&IR=T

greengrass7:

Can you explain the rise in "Intangible Assets"?
I can only assume that this is an increase share capital due to stock options.
But will they have sufficient income to continue to buy back shares ..
..that were previously issued due to warrant contracts or will placements continue?

"Property, Plant and Equipment" is only up slightly, so what extra assets are included here?
I know they are building a mill ing plant,
but that won't come to fruition for a year or so according to Brian Hall.

Also:
Who is going to purchase their refined product?
Is there a purchase agreement contract in place?

Volcker rule wasn't completely repealed, but it was scaled back to enable some prop trading.
That enabled SVB to trade the LT US bonds, but they were unable to do forex trading,
b/c of restrictions on foreign investments. The consequence of this was a strong dollar.

Why did SVB crash?

SVB had plenty of capital, but they locked alot up in LT bond investments w/o sufficient yield.
Regulations force banks to own a certain amount of bonds.

SVB were playing it safe, but safety is a mirage in US markets.

In theory, SVB should've avoided the bond market altogether until the rates went up.
They could've stayed in cash and just played forex for a short period.

However, regulations forced them to buy bonds.

Volcker rule and changes:
https://youtu.be/va097kXAY_I
https://youtu.be/7NL77GC2vLw

Before and after Trump:
https://govinfo.gov/app/details/USCODE-2011-title12/USCODE-2011-title12-chap17-sec1851
https://www.govinfo.gov/app/details/USCODE-2021-title12/USCODE-2021-title12-chap17-sec1851

Currency changes certainly would affect GWMO, and have done so.
If you read their reports, they are say that forex is a risk that they do consider.

They should've avoided the bond market altogether until the rates went up.
They could've stayed in cash and just played forex for a short period.
However, regulations forced them to buy bonds.

Except that SVB had plenty of capital, but they locked alot up in long term bond investments w/o sufficient yield.
Also, regulations force banks to own a certain amount of bonds.
SVB were playing it safe, but safety is a mirage in US markets.

Does anyone know how this company will be affected by a regional bank or venture capital bank collapse?
Does Biden even care about the consequences to investors?
https://www.cnbc.com/2023/03/13/thats-how-capitalism-works-biden-says-of-svb-signature-bank-investors-who-lost-money-in-failed-banks.html