Member Info for Phoebus

CAMEROON
JV about to complete with rig and drilling soon after. High COS appraisal at no cost to TRP with NPV many times the current market cap and plenty of follow up prospectivity on block.

SOUTH AFRICA
Acreage adjacent to Total's awesome Luiperd and Brulpadda licence with 3D soon.

NAMIBIA
Two multi-billion third party wells to spud Q4 this year which should reignite interest across Namibian oil stocks.

After several years at deaths door, TRP looks like it's about to hit the big time and chart looks fantastic. GLA

That's good. Thanks for the heads up.

As you say MAFL shows up as an investment company rather than mining/resources. That's precisely why I only came across recently despite following resource stocks closely for many years. My only concern is if the asset is somehow disposed of in a sub-optimal way that does not release value for shareholders such as low ball sell out or even if the company gets a good deal they just fritter the cash. I'm probably being too cautious. The spin out would eliminate that and release the value.

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I'm rather puzzled at the situation here. The project seems good but dwarfs the rest of the portfolio whilst the share seems effectively dead. Surely the best way forward would be to list the project as a separate entity and issue the shares to shareholders. As it is, this share is so far off the radar the value in this project seems completely stranded from a shareholder perspective. Thoughts?

REM? Isn't that KDNC now?

Actually I got in at 8p. Great rise so don't want to see the reactor get too hot and suffer a meltdown. Though I should double check the fundamentals to see if the graphite rods were advisable.

https://investegate.co.uk/aura-energy-limited--aura-/rns/zero-emission-tiris-uranium-project-dfs-update/202108180700060092J/

https://investegate.co.uk/aura-energy-limited--aura-/rns/zero-emission-tiris-uranium-project-dfs-update/202108180700060092J/

AURA market cap is £81M with U currently at $42.4/lb yet the NPV of AURA's Tiris U project is only £57.7M ($79.9M) and that's assuming $60/lb. On those those metrics this looks incredibly expensive.

Agreed. This is beyond silly cheap IMO.

Agreed. This is beyond silly cheap IMO.

https://www.dailymail.co.uk/news/article-9981099/End-PCR-travel-tests-Double-jabbed-travellers-no-longer-expensive-Covid-tests.html

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Hi Seingred. Pretty much the same for me on both counts and I also added under 10p. Think it's a sign our gold investment radars are working correctly. WSBN certainly looks about to re-rate with the major catalysts getting much closer. Those excellent Havieron numbers should definitely help focus minds and fire investor FOMO here. I suspect Big Dave and Co. will be looking to drive this a lot higher with a stream of well crafted news flow. Won't be surprised to see this move north of 20p as we get underway.

https://i.ibb.co/pxbYC5M/Gold-Coast.png

https://i.ibb.co/pxbYC5M/Gold-Coast.png

Thanks OC. Can't quite believe I've stepped straight into another stock with an administrator overhang. Didn't have time to research that far back. OMI announced only an hour ago that their administrator was finally out after two years of selling and the share is already starting to strength. Let's hope the same happens here. GLA

Those are buys at 20.40p.

What are the odds of an update Monday? Reasonable I'd say. Better get that shirt pressed Brad.