Member Info for Pecten11

Have Shore issued a new note to back up the buy recommendation?

Starvest- your calc suggests 150 tonnes of copper metal - not concentrate

The timing of the LME copper price increase couldn't be better timed though

Yrabs, there is some truth in that - look at AIM, some of the silly valuations are based on hype 'what ifs' but if you look at the charts that show the transition from theory to reality and starts of production, more accurate cash flows can be forecast
https://images.app.goo.gl/LMQX6hB9TAj73tDt9

When proof of sustainable production and associsted free cash flow are shown, the SP will react accordingly.
Even though focusing on Baita is the right thing for the business, the dreams of 'what might be' from Blueberry for example could float the SP, but while it and others are on the backburner, where is the possible??

Risked NAV of $70M or £52M according to Cenkos note in June - never mind the unrisked NAV

DC, I couldn't agree more, that's why I'm asking Qs of the 'experts'

Admittedly inserting a plug in a deviated well is it not simple but is achievable

And if the wells are producing from all along the horizontal section with water at the toe, the surely even in a barefoot completion, then the simplest intervention would be installing a plug prior to the toe

Troajan - good afternoon
As far as I'm aware, arcm only set up a small pilot plant, rather than full scale production, which only produced 15 tonnes of copper concentrate

Nic, so if you ' believe the entire horizontal sections of both wells' are producing, wouldn't the wells be preferentially pulling on the fractures closest to the bore , with a reducing pull as you go along the horizontal.
So if the toe was in the water it would be having to overcome all that preferential pull?

Can someone please pull the metadata from concklo's excellent photo to shut d(r)aft up?

Thanks conkclo & pisces - much appreciated

Now do you think you can get a much, much bigger lens!!

Nick's, in the video, the carriages are being filled with mined rock/ore, not processed concentrate

Gkb, fair point re the opportunity to buy - mind you, if 'people' had tried buying 18% in the market, then it would have driven the SP far higher

Gkb, if the shares have been placed to institutional investors who will flip them then we are in no better position than when they were due to RKH and BL/ Beaumont Cornish want shooting.

Personally, don't think that will be the case

Sparrow thanks for the patronising comment - good debating skills lol
So you've been posting here since 2018, myself since 2019 - neither length has any relevance on the validity of posts

' I have been waiting to reinvest (for the long path) but not until the cash matters are clear.' - fine, we all have our own individual strategies, but not all feel the need to come and post negatively, while prevaricating on a opening a position.

HS you provide questions and opinions , which you are entitled to do, but don't try and dress them up as information

And it's always useful to understand the background which underpins a message.....

Oversubscribed by institutional investors and one private - shows other people see the value North of here

Starvest no worries.
Obviously some of that modelling will have been superceded, but two takeaways would be copper price 2014, broadly 8-10% higher than 2014 and that 15% discount to LME price is as good a guide as any at the moment for what price Mercuria may be paying

Starvest, yes a typo sorry.
Logic was if AP group take 20% of the profit, then was trying to add to calc re reverse engineering what the companies monthly costs are

Even though the price looks like a discount, its the number of shares that matter in this case.
That price shows how much of a discount RKH had to accept because they wanted the cash now