Member Info for pj70

Plenty of opportunities just hope they are looking at them

https://dealstream.com/oil-lease/texas/6

Does anyone have a production timeline with Kendrick?

It certainly will help the current monthly FCF without a doubt. I just wish they would not close down the thoughts on borrowing to buy with a 12 or 18 month payback horizon on debt financing even with current pricing.

Stakker i am sure that the mgmt has looked at what failed for wolf and will have learnt alot from it.

99 - i have bought a few but not entirely convinced they can deliver based on history either. They have a great niche opportunity here but not sure whether they see it like i do.

Stakker i really do think the concern is that Wolf minerals went under for a variety of operational issues and yes the price was not favourable but they had huge issues with processing. IF and when they can announce production has commenced and that first Tungsten ores have been processed i do think this will be the next leg up outside of finalised funding deal which is imminent

My issue after having looked through all the presentations is that the lack of clarity on information provided by the company. They have nearly given too much information and it is hard to disseminate what is what and how many barrells per well etc. A simple table of name of well, daily production and the reserve attached would be really useful.

Also the future strategy is not clear as to say we will not be buying in the current higher oil price climate is like saying we know where the market is going. Noone knows and the annuity style income from this by buying the ma and pas small producing leases is a great way to build quite a platform to get to the future targets, However this is not in play but a statement of 3k-5k a day BOEPD in next few years is made in the slides. I just dont think you can state these comments without a strategic plan of how to get there and that plan is not articulated or bridged in anyway by the company in any presentation. This is why the share price is low .

Do i think that there is great opportunity in buying out many end of life 5-10 barrell wells in onshore texas and building a business from this. Absolutely but the key for me is debt / borrowings and be adding to the portfolio quarterly and building this up that way. The margins are high to cover interest costs even with oil at $55 a barrell and for me i would like to see some strategic view on this as the way they build the company FCF up and ultimately pay down the debt that purchases the end of life wells.

Eastern_investor - completely agree this is not a 7 bagger from here and next few weeks (maybe wrong) - yes in 18-24 months time of continued production and regularising profits and cashflows but initially can see your 3p a share upon successful funding and operational update so circa £60 million market cap.

Thank you 99

It really is no surprise that this 22m market cap company is re-rating off the back of a statement from the CEO (Birdman) that the large organisation they are dealing with for the funding is nearly at closure of DD and an announcement is imminent. The funding allows the works and current recruitment of operational staff to move towards Q3/Q4 production of copper concentrate. At over $13000 a ton we will be as profitable as our market cap in less than 12 months with a future aspiration that is self funded of 25000 tons or 300m revenue.

The train is starting to gain momentum now as the news of closer production target is about to hit and revenues start which is always a good time to enter a stock. Many penny stock investors get caught up with large MREs and amazing assay results but it can be years away from production and after the initial spike constant dilution to prove up the resource and pay the wages many investors feel let down. Key from my experience is pick those that are close to funding or just received funding and then watch how they operationally go. Tungsten West, Bezant, Blencowe are ones that fit into this category of being very close to funding announcement and starting production.

All the best for those that have boarded this train and for those waiting for the funding announcement and then boarding i still think you will make decent money longer term as well when production commences as long as copper holds.

How many years of reserves do they have left with what they have ? Struggled to find this piece of information

Thanks paddy - would love to see us buy out one of these mid tiers

500m shares traded today on no news. Make of that what you like - my bet is that financing is nearly finalised and those in the know are buying !!

Came across and listened to the video from the CEO and just interested in peoples thoughts. The numbers look ok from a FCF perspective currently but not sure on the greater than 12 month view and what they are doing to expand the number of wells they own.

My take and timelines

1) Funding deal agreed Q2/Q3

2) Off take partner agreed Q2/Q3

3) First concentrate poured Q4

4) Further drilling with FCF to sure up size of deposit Q1/Q2 27

5) First full quarter revenue and bottom line results Q2 27 (barring any issues with equipment in Q4 not rectified)

This is what i am looking for over the next 12-18 months and agree 150m on the cards and hopefully then a timeline for expansion in that time provided.

Thanks Cyber and the push upwards with volume is now showing in the SP. News not far away one would think

One also needs to remember the aim for bezant is a 25kt copper producer or over $300m a year revenue in next 2-3 years - so this funding is not just for now but to get it to a highly commercial company producing significant revenue streams in a product that is showing global shortages of supply over next 2-3 years

I can see the market cap going from 20m to 60m+ on funding announcement with the usual pullback. First concentrate in q4 is created and proven the plant and operational capacity then a move towards 120-150m range and then more linked to the copper price and future output

Bird stated in the sunday roast that the funding is just around the corner and first concentrate is due for august/September this year. Market cap at £20m. If he is telling the truth then this will be a multiple of current price in next few months especially with copper at over $13000 a ton.

The results were never going to be good due to the rain and this was already factored into the price with iran war alongside. The Touro news is what stood out for me as this is the company maker the next 12-18 months with a doubling of production and i would then hope SP. Would not be surprised if we are bought out by a larger player wanting a 100kt pa copper play in tier 1 jurisdciction.