Member Info for Phoebus

Indeed. Ball underwater and all that. Water level just rose considerably with those spectacular results so overdue bounce should be big. Expect this will rerate to a new level. Loads to look forward and now over a wider area. Do you remember that peach of a prospectivity map covering the various prospects on the licence? Mouthwatering. And OMI doesn't have to pay a bean. Perfect storm.

Indeed. Ball underwater and all that. Water level just rose considerably with those spectacular results so overdue bounce should be big. Expect this will rerate to a new level. Loads to look forward and now over a wider area. Do you remember that peach of a prospectivity map covering the various prospects on the licence? Mouthwatering. And OMI doesn't have to pay a bean. Perfect storm.

Super bullish. Not surprising.

Meaningless John. Situation has changed.

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Thanks Dadsbatty.

Sorry BOTAK, I've finally notice that line in your original post and I agree with you 100%. Don't know why I didn't see it. Perhaps a bit distracted by certain other posts. ATB

I quite like your posts in general BOTAK, but I don't get your response. A volatile asset is generally as volatile in one direction as the other all else being equal. In the absence of a specific catalyst expecting a sudden 100% increase is just as fanciful as expecting a 50% drop, which is my point. While your article shows evidence of increased sector involvement I don't see it as anything more than that. If we are still in the bull phase of the current halving cycle then cryptos and KR1's NAV should tend higher over the next six months.

Huge thanks for that Harel. I really appreciate the level clarity about the geology.

Melissa, your postings clearly say a lot about you so I see no need to pass any comment. Filtered permanently.

For the record I've never been positive on VELA and even warned you right from the off with clear reasoning.

'As far as I'm aware VELA only have 500K shares of MODE, which even at the current high price is only worth £275K. The current VELA market cap is £9.05M, so the MODE price would have to increase 3290% for VELA's market cap to just double.'
https://www.lse.co.uk/ShareChat.asp?ShareTicker=VELA&share=Vela-Tech&thread=4D3B84F2-0DCF-4564-950B-BAF74561EA60&reply=true

'But even at 72p today's huge move in MODE equates to only a 1.3% increase in VELA's NAV.'
https://www.lse.co.uk/ShareChat.asp?ShareTicker=VELA&share=Vela-Tech&thread=A4B94F77-6A9C-425E-9C71-A41AC63193A0&reply=true

'They paid £250K and are up £90K. Big deal.'
https://www.lse.co.uk/ShareChat.asp?ShareTicker=VELA&share=Vela-Tech&thread=F5A99925-4A80-4ECD-A426-541299E20594&reply=true

It's amazing how people keep asking about NAV and are happy to agree on the answer but like to say it's wrong when it dips a bit. Using consistent methodology will help with the analysis.

That's just not an argument BOTAK. You could say the very opposite. A volatile NAV could halve over the weekend, although I very much doubt it. A prudent investor takes note of the premium or discount to NAV in deciding when to invest.

That's just not an argument BOTAK. You could say the very opposite. A volatile NAV could halve over the weekend, although I very much doubt it. A prudent investor takes note of the premium or discount to NAV in deciding when to invest.

Sorry for the continued double posts. Seems to be an LSE malfunction unique to me.

Yes. That was Bulletwood and it was closer to the action. Jabillo is between two unsuccessful wells.

Also, how confident is everyone with Jabillo. I'm certainly not. I've followed WTE very closely for a long time and was very positive going into their 5 well drilling campaign, but the first three wells have all be unsuccessful and two of those, Bulletwood and Tanager are down dip of Stabroek. Both Jabillo and Sapote which ECO now has a 1.12% stake in are also down dip of Stabroek, whilst Jabillo is between Tanager and Bulletwood and further from the Stabroek discoveries than Bulletwood.

I actually sold quite a large holding in WTE after the Tanager result, precisely because I feared the lack of success may be due to the location down dip from Stabroek and the remaining WTE drills were also all down dip. Still, it's only my assessment although the WTE SP action perhaps suggest I'm not alone in my thinking. If anyone has a counter assessment I'd be glad to hear it to challenge my thinking. Anyhow, good luck all.

Also, how confident is everyone with Jabillo. I'm certainly not. I've followed WTE very closely for a long time and was very positive going into their 5 well drilling campaign, but the first three wells have all be unsuccessful and two of those, Bulletwood and Tanager are down dip of Stabroek. Both Jabillo and Sapote which ECO now has a 1.12% stake in are also down dip of Stabroek, whilst Jabillo is between Tanager and Bulletwood and further from the Stabroek discoveries than Bulletwood.

I actually sold quite a large holding in WTE after the Tanager result, precisely because I feared the lack of success may be due to the location down dip from Stabroek and the remaining WTE drills were also all down dip. Still, it's only my assessment although the WTE SP action perhaps suggest I'm not alone in my thinking. If anyone has a counter assessment I'd be glad to hear it to challenge my thinking. Anyhow, good luck all.