Member Info for Pecten11

Apologies autocorrect - hasina = hasiba

Hasina, you talk about manipulation of facts - so justify with verifiable figures your statement
'At lower cost than most oilers'
Or
'And sitting duck for a take over!'

Are these examples of your opinion or fact?

Sailplane, interesting post and thanks for someone getting back to talking technical Turkey (sadly missing of late)

A thought- as Hur have indicated in the past that the believe the wells were only flowing from the heel of both, could the water cut be explained by a lateral pocket of perched water, which as the wells flowed further, possibly cleaning up some sections from the horizontal section of the well that lateral perched pocket became more relevant?
It would satisfy the stated OWC's and Hurricane's confidence that the water is perched not aquifer

Interzone: true, but that point of view could also be put forward by those who don't vote in general elections - they think it wont make a difference.
Enough no votes would at least imply a level of shareholder dissatisfaction - especially around comms

Agadem, wrt to item 10, my understanding of the dis application of pre-emption rights means that the BOD wouldn't need to ask for shareholder approval to issue new shares in a placing or rights issue
It's a pretty consistent request at most AIM AGMs, the boards always suggest it allows them greater dynamic flexibility, however, it removes power from shareholders if they disagree with the reason behind the dilution.
In this case, the number of shares they want flexibility over appears extreme imo

For what it's worth, my interpretation of '$5m is not material' can only mean that the loan has (we are already past the extension date) been repaid in cash, as the issuance of new shares to repay it, could only be considered material to shareholders, due to its dilutive effect
The Nomad would have been guilty of ineffective oversight and would put their license in jeopardy in those circumstances by not insisting on an RNS

Could the two auto buys at 16:09 and 16:15 (at the too of the spread) be indication that Paul's contact was right?

HS you would hope that since SAVE paid down $40M of debt ahead of schedule, then they would pay off Riverfort, otherwise it would cause judgemnt to be seriously questioned.

A simple RNS to confirm repayment would calm the waters.

Interesting that the repayment date broadly coincides with the recent increase in volume. Does someone else already know something we don't?

Smokinjoe - how many shares were in issue when AP made that comment??
Even if he was being realistic rather than flippant, the dilution makes a noticeable difference
Think market cap not SP

Good to see copper still on the rise

Yes, information should be in the public domain.

'I have done a lot of research over the last 4 years, and I'm not fussed about the contents of the Axis note.'
- but you are happy to direct others to it in your 12:23

That's clear

Squirrel that's true and at least SP Angel have a track record and named analysts

If you or Sandy doesn't have any concerns over the points I've made then the R in DYOR is wated on you (which in Sandy's case is hugely surprising)

And before anyone accused me of de-ramping - if you can find any answers, please share them

I cant find any other placing they've been involved in as a broker - can anyone else?

They 'placed' roughly 5% of the company at 0.15p on the 18th May but no TR1s have followed - ok if to two or more new investors they would not need to declare holding, but I cant find any history of them being involved in previous fund raises, so where did the money come from?

Actually do Axis Capital Markets Ltd (https://axcap247.com/about-us.php) have any other clients?

Sandy, do we know if Axis Capital Markets have any experience wrt to mining or commodities (or any of their other clients do)?

Sandy, the broker note from Axis Capital - do you know who the analyst was?

The mine is expected to launch operations in H1/20 delivering 4ktpa CuEq and yielding $17m in EBITDA (60% margin) and $12m in FCF annually (at $7,500/t Cu price) once ramped up to full 13ktpm capacity.

Does anyone have clear visibility of the production ramp up timelines??
- so may start production June/July, but what volume? How long to get to 13k tonnes per month of ore?

Fred_ Bloggs - 'Could be a tough bar to clear with Brent down nearer to $39 than $40.'

While the difference in cents (rather than dollars) over a multi hundred thousand barrel offload may add to a useful extra but of revenue , I sincerely doubt those fractions will be what would stop a rise towards 10p

Lol

PL has also pushed the remaining part of the debt out to 2024, reducing any short term leverage

Apologies, -GM on 22nd - admission date 23rd June