The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
This time next year Del Rey.
https://memegenerator.net/img/instances/65686967/this-time-next-year-rodney-well-be-millionaires.jpg
No, not $60.5M in one month, $60.5M in one lifting. March production was 282,000 barrels. At $116/B that equates to $32.7M in one month.
It seems that drilling in Paraguay is one Delray after another.
It seems that drilling in Paraguay is one Delray after another.
South Sea No. 9.
That's it. I knew I'd read something similar the other day. Makes flow test cash a complete non issue IMO.
Good response Sparrow. I also like contrary opinions when they are sensibly argued. Improving understanding is surely the main purpose of using this board. You may be right that we'll see an accelerated realization of value for shareholders here, though to be honest I've always felt that was on the cards given our partner is CNOOC and China is hungry for oil. CNOOC pulling out of the West and focusing more on offshore China only increases the odds of rapid monetization IMO. Just need the drill bit to do the biz, although we took a big step forward today.
See p11 of PDF, marked as p10 on the document.
https://www.mcmining.co.za/component/jdownloads/send/102-2022/1694-financial-report-hy-31-december-2021
Or one to say that we're going to start drilling. :p
Perhaps we're about to get an RNS to say that we've started drilling. :p
If a flow test is required then SP should be through the roof.
Good effort. Did you mention the net current asset position? I looked at the last interims the other day and adjusted for placing and admin costs since then and seem to remember getting a figure of around minus £17M, which is not good at all. I would check that before investing.
SP strength may have triggered CLN holder to sell remaining tranche, but I would imagine investors are less inclined to derisk following that news and perhaps even increase their holdings. I suspect the MMs were caught off balance by that update, which would help explain the SP action this morning. Bit of CLN selling and MMs balancing their books before moving higher.
Reckon there's a chance of a follow on drill at Topaz in H2 if Jade is indeed a success.
Last update was on March 28 and even then they only had 22.5M left out of 50M. Since then we've had 14 sessions and some big volume so I'd expect most of them have already been sold. If I had any left I'd be keeping some on free carry, especially given today's drilling update.
Filtered.