Member Info for Phoebus

Which is great although we were told as much back in January, so it's not news.

That's quite surprising given this is up over 50%.

Sorry, thought SOU had moved from 50% to 100% WI after buying Schlumberger's share. Actually 37.5% to 75%, so multiply my figures by 0.75.

'Jo will INITIALLY BE TASKED WITH moving the Parys Mountain project towards production and with FUND-RAISING to facilitate our plans for both Parys Mountain and Grangesberg.'

https://investegate.co.uk/anglesey-mining-plc--aym-/prn/new-chief-executive--annual-report--amp--operations-updates/20210729094231P33F3/

'Jo will INITIALLY BE TASKED WITH moving the Parys Mountain project towards production and with FUND-RAISING to facilitate our plans for both Parys Mountain and Grangesberg.'

https://investegate.co.uk/anglesey-mining-plc--aym-/prn/new-chief-executive--annual-report--amp--operations-updates/20210729094231P33F3/

CGNR has plenty going for it, but 10ppb is only 0.01g/t and even the 92 ppb figure is only 0.092g/t i.e. naff all, but at least it's an indicator.

Assuming minimum off take of 100 MMBTU equals 3,530,000 MMBTU and sales price increases at a constant rate from year 0 to 9 from $6/MMBTU to $8.35/BTU, I get a discounted gross revenue before any expenses of £143M (9.7p/share) @ 5% discount rate or £114M (7.8p/share) @ 10% discount rate. Please check the accuracy of the figures yourselves.

Assuming minimum off take of 100 MMBTU equals 3,530,000 MMBTU and sales price increases at a constant rate from year 0 to 9 from $6/MMBTU to $8.35/BTU, I get a discounted gross revenue before any expenses of £143M (9.7p/share) @ 5% discount rate or £114M (7.8p/share) @ 10% discount rate. Please check the accuracy of the figures yourselves.

Like me they probably could barely buy anything until a few minutes ago. Only managed to get £14K in the early doors abyss despite my best efforts. :(

I'm not genned up enough on SOU to say, but Tendrara is no tiddler at 377 2C for just the main area and gas prices are good in Morocco. This was bombed out and today's news really helps unlock the value, so obviously it should move up, just not read enough to say how far.

Fundamentally excellent news and the chart looks an absolute peach for a turnaround.

Fundamentally excellent news and the chart looks an absolute peach for a turnaround.

Sorry Crystal, I would have reacted more positively, but the MMs wouldn't let me buy more. The fact it's difficult to buy is bullish. Not much stock available. GLA

.

I agree. Raising at a premium is a great move. With ROB drilling underway this was already starting to move and as soon as liquidity becomes available this should motor.

QBT's chart is looking very good and BTC is getting very close to its rebound highs.

but is it wise to buy? Looking at recent RNS statements it looks like they have a net current asset position of about minus £4M. In addition, according to the last accounts they have another $30M+ of non-current liabilities and an operating loss of $5.8M, with cost of sales higher than revenue. That's not exactly welcoming.

We have breakout.

About time. I'm surprised they've managed to hold it here.

iPT, thanks. That link is for the 2019 accounts. The more recent 2020 accounts no longer show that item, so I don't see any problem.