RE: Does anyone EVER post on here...21 Nov 2022 17:30
A new discovery in the Pattersons on Artemis' licenses adjacent to greatland gold would be a game changing addition alongside Carlow which is open in multiple directions and looks like it's set to become a high grade gold mine that will continue to grow its resource size to well on excess of 1million oz+ gold.
I suspect if the upcoming assays reveal a new commercial discovery / continuation of Havieron then Newcrest and Wyloo will be banging the doors down for a deal / JV.
Labs are apparently speeding up their turnaround times for assay results and we are told the results will be released in sucession as they are received back from the labs.
RE: Atome Gets Sunday Times Buy Tip21 Nov 2022 16:20
Northern
Molecular Energies (MEN) starting to look ridiculously cheap atm, even on a simple arbitrage basis given their holding here, dont think the market has woken up to fact production is back on stream over there and generating significant revenues for such a small market cap.
Given the SP movement over at ATOME today should start to see this attacking 220-230p+ range soon enough and even then will still be an extremely cheap entry.
Virtually nothing priced in correctly here at MEN at present, insanely cheap at the present range.
Market clewrly hasn't yet woken up yet that the Wells are now back on stream and throwing off significant positive cash flow + production therefore is rapidly increasing and we have an exciting exploration campaign about to kick off.
Results from H1 2022 show for the first nine months of 2022 inter alia:
· Turnover in excess of US$26 million
· Profit before tax* for the first nine months of 2022 of US$16.9 million
In relation to Q3 2022:
· During the period the average oil reference price in Rio Negro for domestic sales was US$60.94 per barrel compared to the average price for H1 2022 of $58.89
· Currently the reference price for domestic sales in Argentina is US$65 per barrel
· During Q3 PPSA exported part of its production
Louisiana
Louisiana wells are now fully back on line and producing with the new gas lift system which is being tuned to define optimum stabilized production capability.
Peter Levine, Chair, commented: "It is good to have Rio Negro and Louisiana both back after their respective disruptions.
"Planning for our Paraguay exploration well is progressing with positive news as to the rig expected before the end of this month at which time we will be able to project a spud date.
Haven't contributed for a while on here, however always enjoy checking in to keep up with folks views / CH interviews and tie selection/ the flirty interviews with katie :-) and general progress. Even Satanta's feet on ground take despite a near 1000% rise over the past two years.
What a journey so far.
Good luck to theybhoys / papaduke / islandgirl/ mrcautious / blissful and all LTH's here.
Looking like about to enter another exciting period ahead.