Member Info for Phoebus

So vendor finance from Masey or a loan from another entity? In either case that's a liability for PRD no?

Take time for the market to wake up? The farm out was announced months ago so the market was already fully aware. This was just sign off. It's good news, but EDR still has to pay well costs.

Does anyone know where the $1.75M for the Trinidad acquisition is to come from? The RNS states 'The cash consideration for an acquisition of FRAM would be financed by a local Trinidadian company ... .'

I'm taking it that this local company is a PRD subsidiary as PRD seem to be the only beneficiary of the deal and another company wouldn't pay for the deal if they get nothing out of it.

'POGT would retain the tax losses in FRAM and the profits from its Pilot Enhanced Oil Recovery in the AT-4 Block using injected Carbon Dioxide ("Pilot CO2 EOR") , on terms similar to those defined in the current WPA, except that in addition, on Completion of an Offer to acquire FRAM, POGT shall be entitled to the profits from all future CO2 EOR operations anywhere within the confines of the Inniss-Trinity field on the same commercial terms as currently exist for the AT-4 Block.'

Tw@

Yep. Just need to break 0.12p and we're away.

Almost back to last week's high. Where do folks reckon this will climb to over the next month or two?

Wrong as usual crazy. :D

Of course if the 33Koz is spread between the indicated and inferred resource bodies totalling 6.2Mt that would give a grade of only 0.167g/t gold equivalent. Not sure even Todd Hoffmann would bother with that.

If 25% of value is gold and silver and total value is £200M then that equates to about 33Koz gold equivalent. If tonnage is 2.1Mt that equats to 0.49g/t gold equivalent. In other words a tiny amount of low grade gold.

Suprised they didn't mention the words lithium, covid vaccine and internet of things.

Lots of Marmolada tomatoes in the garden, but not turned red yet.

There are gold companies on the LSE with plenty of cash, actual gold assets, operations underway and at a lot less than the market cap of AYM. LOL

aimofthegame6 +1000000

Totally agree. Joke placing. Joke SP movements. Joke company.

8.54M shares. Gosh. That's a chunky buy. Someone expecting a serious rerate.

Doesn't look like Morocco restrictions are being relaxed though. If anything they seem to be tightening. Might be quite a wait until well operations can start.

http://www.xinhuanet.com/english/2020-08/21/c_139306171.htm
https://themedialine.org/by-region/uae-morocco-consider-reinstating-restrictions-as-covid-cases-climb/

I do wonder whether the massive rally in PVR and LOGP is just a big headfake ahead of a massive placing to put some skin in the game as regards Barryroe appraisal funding without which the service providers are unwilling to fund the balance.

No problem. Gave me a good chuckle. I reckon Q2-Q3 next year for drilling.

Nice.

Q2 2020? Gosh. What time zone is Guyana in?