Member Info for Phoebus

Surely a significant increase in dividend is a distinct possibility.

Same here JM. Someone just bought £25K at 3.96p. A little retrace from 4p as you would expect, but looks like 5p may well come sooner than I expected. GLA

Those are not great grades for silver. Several kg per tonne would be impressive, but two ounces is definitely not.

Offered almost full ASK for over £20K now. Fantastic demand.

Market is just starting to price in the probability that BPC might find oil with Percy #1. If they'd discovered oil already the SP would have passed straight through the stratosphere and mesosphere into the themosphere. COS is excellent for an exploration drill and resource is very large. Tasty prospect.

All the sellers are fruit cakes. 5p by next week IMO.

to sell over £20K. Excellent demand from MMs.

Almost back to the multi year highs seen on election night. Let's hope it can push higher from here and give us all an increase in spending power.

And again, 6 reds in a row are all buys. LOL

Indeed. Even made me buy a few. 7% doesn't cut it for such a monumental rise in EPS. Should see a sustained rerate going forward.

Loads of red trades from 3.72p to 3.66p ... all buys though!

You have to include monies from the recent open offer and placement plus the imminent mutual funding offer. In total including the loan note it is sufficient for the drill.

What do you see the load note provider doing?

Worried? For restating a fact that TLW stated only 8 days earlier? Get real. You sound desperate for ECO to drill in 2020 like a lot of others on here. Sadly the quality of comments on this board has gone to the dogs the last couple of week with posters falling over themselves to spin fanciful arguments proving drilling is extremely likely or definitely going ahead in Guyana in 2020 when the operator TLW said only the other day it was unlikely. It's embarassing.

As I said before, I expect a short term spike into the CPR RNS and then a drift until drilling is confirmed in Guyana (or Namibia) be it 2020 or 2021. TLW stated that 2020 is unlikley indicating a possible slot for December 2020 in their accompanying presentation, so even if 2020 is given the nod the timeline will likely slip to 2021. If left field events occur then of couse things can change, but it would be fanciful to consider that the defining factor in determining the balance of probabilities. That is how I see it and I don't really case if people disagree with me. If people have sensible arguments I will listen and when circumstances change I will re-evaluate.

Stop spouting fanciful nonsense. Drilling on Orinduik in 2020 is the unlikely scenario as stated by TLW (the operator) only the other day.

Just repeating his words. I know you think they will drill, but I think it highly unlikely and TLW's RNS and Gil's wording suggest they agree with me. In any case, there's nothing unusual in taking an extra 12 months before committing lots more $$$ to continue with exploration, especially when you're already way ahead of licence commitments.

Reviewing what Gil said in his recent interview it seems he suspected drilling would not go ahead in 2020 even before this week's TLW announcement. '... hope to have drill plans confirmed in next few weeks... ' '... next potential drilling programme ...' '... potential 2020 drilling campaign ...' '... we will see at least [cough, cough] we will plan to drill at least 2 wells in 2020 ...' Last one seems a real tell. Pity I didn't take more notice instead of adding last week.

Well said Nomadic. Assuming ECO should go up just because TLW is rallying is nonsense. ECO is an explorer and the prospect of imminent drilling on Orinduik is what has accounted for the lion's share of ECO's valuation. TLW on the other hand is a complex beast with many assets and moving parts. A 12 month delay in Guyana drilling is of far greater overall significance to ECO than TLW and will have a greater impact on derating the stock over the medium term until a decision is taken to announce another Orinduik drilling campaign. We may get a tradable spike into the CPR, but aside from a Namibia farm out, which is pure speculation I don't see why this won't drift. TLW, on the other hand, will move up and down based on the merits and demerits of its own complex internals.

No probs. It moved rather quickly from 55p.

Nope. At 50p TLW was 20.4% off the day high of 62.82p.