Member Info for pawnsacrifice

Still searching the charts. Not sure its the one you meant or that it will fill today but igas have a gap from Oct 11th-12th at the 52.5p level.
Be nice to see this charting theory proved correct on that one!

Using advfn charts earl and can't see this gap at 13p. Do you have a date for this gap of which you speak?

I like being given aisc, still agree with seeking alpha they were a very strong move in the right direction..
"All-In Sustaining Costs = Cash Costs (including by-product credits) + Sustaining Capital + Exploration expenses + G & A expenses."
https://seekingalpha.com/article/2799985-the-concept-of-aisc-in-the-gold-mining-industry-strength-and-weakness

JP almost out, that was short and painful.

They'll need the coal for their windmills too. Aren't they all steel?
This countries energy policy is getting beyond farcical imo.

"For example, this money could be used to install better heating controls, insulation to reduce heat loss from pipes or switching to energy efficient lighting like LEDs"

That sounds more like sabiens home turf. Be good if they got a contract or two too.

Yay blue again. Blue rocks.
https://www.youtube.com/watch?v=8vBKI3ya-l0

Comments are interesting. Most of them are demanding we frack our own gas instead.
https://www.dailymail.co.uk/news/article-11510103/Rishi-Sunak-Joe-Biden-unveil-gas-supply-agreement-TODAY.html

Good debate. but with all the demand why aren't we making sprigotts?

They've set themselves a short term target to be measured by. See how they do.

"The Board believes this placing is sufficient to ensure the Company becomes cash flow positive from operations in the coming months, subject to being able to operate during rainy season. "

Not sure how to estimate revenue from the fines stockpile from customers turning up to just collect..

"The Company also has an existing stockpile of approximately 60,000 tonnes of fines. The market for fines has significantly increased given the current coal environment and the Company now has orders to purchase fines at pricing of US$20-25 per tonne. Fines from the stockpile are collected by customers and, as such, are expected to make a significant contribution to the revenue of the Company going forward."

But. presuming my maths is correct..

"2,000 tonnes of washed coal per month at a net of transport price of US$55 per tonne at the mine gate and up to 1,500 tonnes per month of unwashed coal fines at US$20-25 per tonne to new customers. These customers have already purchased their first shipments of washed coal and fines. An additional confirmed order of approximately 850 tonnes per month of washed coal has been secured with another customer at a similar price."

2,000T at the gate gives $110K/month in revenues and 1500Tonnes of fines at $22.50/T another $33,750/month and the 850T/M another $46,750/M so they're looking at clearing $190,500/M in revenues plus whatever comes from the below..

"Fines from the stockpile are collected by customers and, as such, are expected to make a significant contribution to the revenue of the Company going forward."

There's hope imo with those figures and can see why they'd expect to be able to lease a 2nd washplant "if" they can maintain these initial estimates.

CGO have a massive resource (apparently)but they had to place recently. Can micro coalminers in africa get bank loans?

They've acknowledged the need for the 2nd washplant and believe with some success after the placing they can lease one with no further dilution. Thats a positive imo and sales look easy to achieve.
See what price they open.

Done my bit. Emailed them and told them to farm into prd's moroccan assets or failing wanting to do that find another oiler with no funds but a decent overseas play and farm in there instead.
Think the UK may be dead for oil/gas.
Just build windmills. lol

More interesting than it first sounds imo They're spending €900k on a gas treatment plant and its only Initial production which is "expected to be approximately 5,000-10,000 cubic metres of natural gas per day."

Better get some research done on how much the field can produce i guess.

Nice little cup and handle trying to play out last couple of weeks, if that proves the correct play then the 50 should be left behind fairly quick imo.
Resistance at the top of the channel (since July) c. 30p?

Here's the real problem imo. Like most leaders she's not working for the benefit of her people but for her masters at the WEF..
https://unb.com.bd/category/bangladesh/wef-plans-big-event-in-davos-in-2021-with-focus-on-bangladesh/21897

Time to admit the conspiracy nuts called it right.

Was a bit of a bolt out the blue! Wonder how long the market will take to pick up on it?

Legal challenge would be good in fact it would be great to see the UK challenged through its own energy charter if possible but also think these should look elsewhere for business.
Perhaps they should start doing their due diligence on a few of our aim oilers that need funding and farm into a drill or two.
Does PRD still need a partner in morocco? Must be more possibilities knocking around the planet if they don't. Can't be more risky than hoping the UK will let them drill something one day and then not claim all their profits and then some as a punishment for being in this sector.
Need a list to send them imo get them thinking outside the UK box.

Thats what you do when the jam runs out. You buy a bigger pot. One with 300K/annum sounds really impressive.
When they miss again it'll likely jump to 600k/annum jam.