Member Info for Phoebus

Thanks Dat. That was the basis for my 4 free carry with funding for 2 or 3 more comment. Couldn't remember where I'd seen it. I'm in agreement Harel. With the ECO transaction JHI has free carry on one more well plus funds for probably 4 or 5 more. Great position for ECO and WTE to be in at this stage.

Sorry gogetter, I don't agree with your Wressle analysis whatsoever. On the basis of the RNS I'm expecting the flow rate to be higher.

The fundamentals here look really excellent having taken a quantum leap through the looking glass on Friday's news, so I'm really quite stunned at the depth of the reversal here. I get the stock is generally illiquid so the market may simply be trying to re-balance after such a surge in demand, but really. SP is still below October levels when commerciality was but a distant dream. When the decline is over I expect it to reverse PDQ as there have to be a hell of a lot of folks looking to get in here now given the transformational news and super cheap valuation. Just a bit miffed those late to the party are getting such a fantastic buy in price.

Nope. Given his last reported holding appear to be the following RNS it looks like he sold He sold 10,551,600 shares. Note however that he is left with 40,000,000 shares, which is a suspiciously round number. My guess is he used the surge in price to derisk and will now hold the remainder. If you were looking to sell more you wouldn't have bothered to craft such a perfect round number.

https://uk.advfn.com/stock-market/london/falcon-oil-gas-FOG/share-news/Falcon-Oil-Gas-Ltd-Shareholder-Interest-And-War/75775122

Nope. Given his last reported holding appear to be the following RNS it looks like he sold He sold 10,551,600 shares. Note however that he is left with 40,000,000 shares, which is a suspiciously round number. My guess is he used the surge in price to derisk and will now hold the remainder. If you were looking to sell more you wouldn't have bothered to craft such a perfect round number.

https://uk.advfn.com/stock-market/london/falcon-oil-gas-FOG/share-news/Falcon-Oil-Gas-Ltd-Shareholder-Interest-And-War/75775122

Exploration companies don't fund 12 wells in one go. The approach would be to have funds for some of them and raise for more wells as and when it makes sense. I'm not qualified to answer specifics on JHI, but I think they had carry for several wells (maybe 4) and cash for a few more (2 or 3 say).

If JHI stikes oil then their shares will increase signficantly in price as will ECO's and rasing funds for more Canje drilling will be easy for both companies. Conversely, if JHI has a duster their shares should underperform ECO as we have Orinduik, so ECO should be able cannibalize a greater chunk of Canje at a better price in a subsequent JHI funding.

Increase Canje stake if there is a duster? While that might seem an illogical move, the huge number of wells planned on Canje makes for an incredibly compelling risk-reward proposition. To have so many company making opportunities in such a compressed time frame really is unprecedented in my experience. Just wait for Orinduik to add to the mix.

Agreed. PMG and anyone else can take a hike.

OK. So who phoned them then?

https://investegate.co.uk/pure-gold-mining-inc--pur-/rns/bought-deal-agreement-for-gross-proceeds-of-c-20m/202109081618581674L/

As it doesn't appear to be delayed and I can sell the same amount no problem at well over the bid all I have to say is ... what a complete knob.

As it doesn't appear to be delayed and I can sell the same amount no problem at well over the bid all I have to say is ... what a complete knob.

Same happened with an oil stock I owned way back when. TSX update when North Sea project fell through but no RNS. Gave them a call to check whether I should call my lawyer. RNS was released a few minutes later. LOL

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Joke after commercial flow rate for such a massive onshore 2C resource.

Back under 10p? I wonder why I bother researching sometimes. Not pleased.

Back under 10p? I wonder why I bother researching sometimes. Not pleased.

Almost no options to get Uranium exposure on the LSE other than AURA. GCL would be great, but the liqudity and spread are very poor IMO so timing has to be very good and it's not really conducive it you want manage a large investment. The fact the live uranium price is hard to track only makes it harder.

I thought THR's US assets uranium assets were early exploration stage.

Yep. I'm expecting SP to rocket over next few months. Fully funded with excellent COS and top partners in Shell and Cairn. When herd arrives the lack of liquidity means this could massively overshoot to the upside. Can't wait.

We appear to have liftoff. Uptrend resuming.

I guess they will do a second horizontal, either from the same well bore or a new well targeting the same interval to verify the implied findings in Friday's RNS. A new well would allow a degree of step out appraisal, but the same well bore would be less expensive. Any thoughts?