Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
As a long-standing, suffering north end fan StMary, I fully expect us to be in a relegation battle come the end of the season....lol. Its nose bleed territory but I'm making the most of it and having fun with the Blackpool fans at work, whilst it lasts.
Keeptofacts....I like your style. I'm still about, don't post often and tend to skip through the absolute tripe. I've given up on whether it's lies, frustration, trolling, ones own beliefs, honesty or pure madness.
I've made my bed and I'll quite happily lie in it. In hindsight I should have took a vast profit and run for the hills but we are where we are. You live and sometimes die by your decisions and I've made peace with that fact.
As it stands, I've a fair amount of confidence that the company will deliver, this year for me was always going to be slightly boring but its hopefully a year that will rebuild the foundations. I could spend the next half hour explaining why but i simply can't get ****d. It will be what it will be as we say in my neck of the woods.
Have a great weekend all.
If one or more of the 3 Wells comes good, then the price will go higher than our discoveries actual actual worth. Why? Investors will start thinking of those TCFs again and start to take positions on a lot more being proven up. How high it will go ive no idea, but a company producing gas plus revenue, with a further discovery in the bag and with many more areas to explore will be worth more than a few pence imo.
I can't be bothered looking at how many shares where in issue at the share prices highs compared to today but we are going to need a lot more gas discovering to get anywhere near the numbers being mentioned. Nobody is going to fall for that level of hype here again. Morocco could still hold multiple TCFs but investors are going to want to see something more concrete than a jolly in the desert and golden tickets. Success at M5 would be glorious. Exploration is our bread & butter and has been non existent but GL has had little choice to steady the ship this last couple of years after JP went for broke and blew all our money.
Anybody like to hazard a guess to what 1 TCF is worth....lol
The hope is to start the campaign by year end. Which we will have to do for the M5 structure if we don't get another extension.
Tendrara by Oct 24.
1. TE4 : 150 - 400 bcf, CoS 36%
2. SBK1 : 70 - 225 bcf, CoS 50%
Anoual by Jan 24.
3. M5 structure :300 bcf - 1.7 tcf, CoS 21%
If we can get the tax issue resolved, a farm out partner/funding and FID finally sorted for phase 2, then we are going to be in a lot happier place on the run up to these wells spudding. With a bit of luck, if one or more of these wells is commercial, the share price will be well north of today's levels. Gla.
Anybody who needs access to the site I work at requires an induction at the main reception. You then need another to enter the building I work in. That could be a new apprentice, visitor, contractor or bin man. It doesn't have to be or almost never is, somebody of supposed importance.
I think the insinuation is that it's a visitor, butbthen again the company could just be promotingbthey run a safe operation. Without any details, is all in the minds of investors and their averages. This reminds me of the parsons days.
12 years of austerity hasn't helped. Every vital public service we have is in tatters. The national debt in the same time has gone from 850 billion to 2 trillion before covid and is now sat at 2.4 trillion. Its a right old mess and set to get far, far worse when mad Lizzy gets into power. A recession is guaranteed and if this bithering incompetence carries on we might even see a bloody depression. Borrowed tax cuts in a period of high inflation is not the right decision imo. Rising interest rates, eye-watering personal debt, unemployment surely to rise, house prices will drop and there lies negative equity.
If you are need of medical treatment then you may be one of many who are now looking to go private. Sadly many just have to hold out in a post code lottery. Its the worst economic and social mess in my lifetime by far.