Member Info for Phoebus

HighGradeGold, Tymers said he doesn't see the commercial value but is happy to ramp UKOG. So who should you listen to, Tymers or two of the world's top 10 gold miners Agnico and Newmont, who've put their money where their mouth is? The answer should be obvious. GLA

I should add that Maurel's block is also directly adjacent to our Sharon block, which means that 3 of our 4 Namibia blocks could be derisked by drilling only a few months away.

Doubt it's news, just waking from its nap. Good show.

Managed to get a few K at the bell around 5.8p and have added plenty since. Still wish I had more as this one's a peach.

Interesting video from last week posted by Jimarilo on ADVFN board. The Namibian Petroleum Commissioner states that Total's Venus-1 is due to spud next month and then hopefully Maurel et Prom are spudding either Aurora or Serenade on their PEL 44 license (2212B) in March or April 2021.

https://www.linkedin.com/feed/update/urn:li:activity:6715251457630830592/

PEL 44 is directly adjacent to ECO's Tamar license and diagonally adjacent to our Guy license.

https://www.ecooilandgas.com/wp-content/uploads/2019/11/Eco-Atlantic_Namibia-Licence-Map_2019_cropped-1-674x1024.png

According to this document Maurel is planning to drill 5 wells on PEL 44.

http://www.eia.met.gov.na/screening/407_app_00407_emp_vol_3_of_3_m_p_namibia_pel_44_multiple_well_drilling_operations_dec_2019.pdf

This may prove to be the catalyst for a farm in to both Tamar and Guy and if farminees want best price they may choose to take a position prior to the drilling of the first well. Reckon there's a good chance news is close.

SomersetUK, I've never looked at the Australian markets, but that sounds like an excellent idea. Any chance you could post a list of the stocks. Thanks.

You'll probably find those are just nominee accounts.

No shares available to buy on quote and deal. Expect this will vault higher again rapidly soon enough.

The prospect of investing in the Patterson Range project close to Havieron is going to generate a huge amount of interest here. Definitely don't want to miss out.

Added a few today.

Never fear, it's Zak Mir. /sarc

'I've failed at GGP.' How I know the feeling. I think a lot of UK investors are in the same boat and are now vowing not to do the same again. Gold stocks like this will be even more underpinned with investor sentiment like that. ATB

the SP will struggle and none of us will make any money. The stock market is not here to make you rich, it's here to enable companies to raise funds to develop projects. The management are doing their best to lift the SP with the newly commissioned report, the least we can do is be positive to help them achieve their goal and push the company forwards. All the best.

UKI, I've noticed one or two Spanish stocks are not doing well at the moment, ORM for example. Government hostility to mining? COVID related?

EUZ seems very inactive and I've not impressed how news flow has been handled lately.

Totally agreed Ashton and exactly why I'll be looking to add if this dips much. Expect there will be a lot of other looking to buy. GLA

JV

NPV, net present value of future cash flows discounted in this case by 8% per year. EM, no idea.

With all the delayed buys popping up it certainly looks like the vast majority of trades were buys this morning yet they were hidden until later and the price dropped. LOL

After adding on the placing shares and payment shares it seems that ERIS is currently at roughly a 92% discount to its share of the NPV for this new project. If so that looks incredibly cheap. Can anyone confirm?