Member Info for Phoebus

TLW now 20% off day highs.

Should get a bit of a spike on CPR news, but if ECO isn't drilling in Guyana until 2021 I don't see much to support SP gains unless we get some drilling action in Namibia. Quick trade to sell on the CPR release or just switch off till end of 2020 I guess. GLALTH

If they've cut the 2020 budget to $75M and are committed to drilling in Peru and Suriname how can they afford to drill a 2 well programme on Orinduik? At their 60% interest this would account for around 2/3 of their entire 2020 budget. On the back of that statement it seems very unlikely that ECO will drill two wells in Guyana in 2020. Perhaps one, but not two.

You not read the RNS then glaw?

We have already been told PVR only has cash until beginning of February 2020. From Sep 12 2019 funding RNS, 'To fund general working capital to cover general, administrative and licence operating costs for the period to the beginning of February 2020, including expenses incurred by the Company in connection with the Placing.'

https://investegate.co.uk/providence-res---pvr-/gnw/providence-resources-p-l-c----conditional-placing-to-raise-us-3-76-million/20190912070000H2345/

GDXJ back down to where it was almost 2 weeks ago FFS.

Given the huge rise in the gold price lately it's amazing how the sector is trading like a pile of dog chit.

6 million in cash is a tidy sum to move on and reinvent itself. Plenty of other AIM resources stocks have market caps many times higher than ORM, poor projects and next to zero in cash. This is bargain basement now.

Reckon this will bounce to 1.5p.

Looks to be a discount to cash now.

I post facts and you launch a personal attack. Says it all.

Today's RKH news is totally irrelevant to BOR. Sealion is literally hundreds of kilometers away from any of BOR's licences.

on decent volume yesterday.

With gold close to $1575 GDXJ is currently lower than it was on Dec 30 when gold was about $1510 on Dec 30. This and a whole load of other gold miners should be absolutely roofing it this week. Feels very odd indeed.

Why are the gold miners not doing better this week? With gold close to $1575 GDXJ is currently lower than it was on Dec 30 when gold was about $1510 on Dec 30. This and a whole load of other gold miners should be absolutely roofing it this week.

...despite the quick shake...

on quote and deal despite the quick share. MMs will take in big size above the bid though. Excellent sign.

Good to finally see this getting its mojo back. The presence of 27 API up dip of all our Cretaceous prospects will have dispelled market colly wobbles over the prospectivity of our own Cretaceous prospects which now look odds on to be charged with good quality crude. With the perception of risk now reduced money should start to pour in here ahead of drilling, which should help the SP significantly. Hopefully we can regain the circa 100p pre Jethro high ahead of the next round of drilling. GLALTH

Gold on fire at near 7 year highs, sector really starting to motor with GDXJ in full break out mode, excellent fundamentals here with huge cashflows and strong buying in the market. When this finally starts to move it should move very quickly indeed. Time to back up the truck. GLA

https://www.investegate.co.uk/Article.aspx?id=202001031118376957Y&tab=article

Looks like someone taken a stake.