Member Info for PIKEMAN

No. It's 50% of profits from a new business which the other party is funding

Terry. The ARO's are accounted for in the DEC accounts, just like any other O&G company. This song has been played repeatedly over the past few years. A lack of understanding of accounting by Investors probably hasn't helped the share price. That's fine by me. The numbers are what I care about and they are going in the right direction. Eventually value is recognised and patience rewarded.

Terry. DEC is making money and will make a lot more in future. I intend to be an investor for a long time as they continue to grow their assets. Obviously others may disagree with the strategy and invest elsewhere. That's what makes a market

TerryM1. The NG industry is mainly drillers moving from one target to the next helped by new technology. We are reaching the end of that process. Cheap USA NG is coming to an end. When that happens he who has access to volume reserves at low cost is King. Have you calculated how much DEC makes at $5-6 gas? DEC is preparing for that day,month,decades.. Acquiring assets is what they do. That's what they said they would do for the past 7 years. You either buy into the story of DEC as a disruptive new business (like AMZN was) or you don't....but why complain when Rusty does what says he will do ?

TerryM1. The NG industry is mainly drillers moving from one target to the next helped by new technology. We are reaching the end of that process. Cheap USA NG is coming to an end. When that happens he who has access to volume reserves at low cost is King. Have you calculated how much DEC makes at $5-6 gas? DEC is preparing for that day,month,decades.. Acquiring assets is what they do. That's what they said they would do for the past 7 years. You either buy into the story of DEC as a disruptive new business (like AMZN was) or you don't....but why complain when Rusty does what says he will do ?

As I said. You don't like it. Sell and move on. I remember the early days when as a broker, my clients who bought AMZN complained about the poor share price, Bezos and his "jam tomorrow" promises. None kept their shares..I hope they did well with what they did instead with their money

Nice bolt on acquisition using the Carlyle money. Those who don't like it (and DEC) please sell and move on...

Asp1. Agreed. DEC has been the most hated energy stock over the past 2-3 years but has been putting in place a smart investment strategy which will reward investors over the next few years. Carlyle are no fools and have recognised that DEC now have the scale and expertise to prosper in an environment where the traditional drillers will struggle to find new economic targets. The headwinds for DEC are quickly being replaced by tailwinds to reward those with patience.

Agreed. Solid performance. Buybacks and dividend should be very supportive of SP. Looking forward to the bottom line contribution of the activities with Carlyle in the months ahead. My divs will be reinvented again

Very encouraging initial results. BHP will undoubtedly be more interested in the potential porphyry site with those "Mo" results and its location but the gold opportunity looks very interesting too. With Verkhuba obviously worth more than the current market cap there is real value for the patient....and patience is required for AIM nowadays 😞

I hope that you are right as expectations are very high Indeed. Between PM, Garfield and their other assets however the current valuation should be sustainable.

Https://www.cnbc.com/2024/07/03/us-needs-more-tungsten-china-is-a-major-supplier-of-the-critical-metal.html

Confused about this one. The Verkhuba deposit appears accessable with nearby low cost processing capacity available. That In situ deposit alone must be worth the current market cap. Given BHP involvement and the enormous prospecting footprint for EST this must be on very few investors radar. I think I will continue to nibble but take a big bite once we have a clear announcement re Verkhuba.

Agreed. Investor focus is on Africa but the current valuation of EST is underpinned by a decent JORC asset, close to infrastructure with low mining costs. What is there not to like?

Probably only 10-15% of the stock max not in solid hands. Any good news and this thing just takes off.

This will go down well with Saudi investors. Smart move to list it locally. Not sure what percentage will be retained by POW but given that the current value on its balance sheet is zero it's a winner 🏆 most importantly it's yet another source of investor information flow which will attract more "sticky" 💰💰💰

Techno. Correct. This smart sticky strategic money which is backing a handful of mining companies with scalable opportunitiee in critical minerals. It's easy to join up the dots. POW, KAV and GMET are all winners over the next 3-5 years

Give it time! DEC did a is listing and the US volume now rivals London on many days. The point is that most US investors won't buy London listed shares. Also re GMET there are almost no freely traded shares available. They are in sticky hands (like mine). Even a modest domestic interest from domestic US investors will have an impact. I await the outcome of the grant funding application for the PM tungsten.

Tray556. I totally agree. The UK microcap audience is tiny and fickle particularly for mining shares with demand driven by domestic macro conditions. The N America audience is massive in comparison and POW has via GMET and FCM some compelling NA assets which are of interest to N American investors.

Probably 80-90% of these can't or don't buy non-USD denominated shares. One mention by Rick Rule of POW on a podcast after the listing will generate huge interest. How many US investors would like a piece of GMET!!

I suspect that the shareholder register will migrate rapidly across the pond, far faster than anyone will realise.

As for the GSA investment, a fantastic deal structure. I suspect they have at least 1 possibly 2 deals 'nailed down' in Oman (or why go there first) and Saudi. I expect plenty of RNS activity with positive news over the next few weeks from POW,GMET and FCM.

Why anyone would sell under these circumstances is beyond me. The consolidation will just widened the potential investor base dramatically Rick Rule is no fool and probably the biggest influencer in the junior mining sector in the USA and he obviously likes POW a lot. No wonder companies are giving up on AIM and the UK markets. Like everything else here they are disfunctional.

I will be adding more again on Monday!

GSAe TiO2 technology has a massive potential. This looks like a very smart move by POW and with it's global contacts could be a real winner 🏆. Very low cost investment with massive leverage