Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Will the long lead items purchased for the Lincoln tie in/ well be used on any Lancaster development ?
Does anyone know if HUR had a seat at the table ?
12-15p realistic...
LTHs should protect themselves by averaging down to the forecasted cash/share in the region of 12-14p
Also agree and believe that CA will look at this as their best chance of recouping maximum gain on their slice of the pie.
It will pop ? I think a hard dose of reality needs to be swallowed, HUR is not an attractive buy otherwise it would have been taken out by now, it has been marketed for many years now with no takers. The reality is if P6 keeps running until the end of 23 and the oil price is maintained then HUR will have cash equivalent of IRO 14p share that is the maximum return with no further investment or risk required ...
Not surprising ... fits in with my comment from last week.
Mariog, if they do not see the benefit of drilling where they already have field data and a production unit in place then I seriously doubt they will risk a wildcat ...
GR if you look at the risk rating that HUR have assigned to each way forward, drilling 8 is deemed the most risky. This combined with HUR stating its 1 year lead time between sanction and drill gives a best case of 14-18months prior to any production been seen on the Aoka... I think they have missed the window for it. I also believe that there isn't many interested parties for CA's share so the best way for them to maximise their return with least risk is to cash in on 6 for as long a possible... both CA wind up and 6 production timeframe is very similar. I hope I am wrong and could very well be, I am just sharing my opinion and re aligned outlook ...
I think if all motions are supported by the big Shareholders then they are all in agreement that the easiest and least risky way to get maximum payback is just ride 6 until its down and out. Everyday that there is no movement on a new producer it becomes more and more uneconomical. If there is no major problems then we will see IMHO 14p per share ..
They only bought the Norwegian part of Spirits business..
In a week where I thought there would be nothing but blue I don't think I have seen a blue SP in any of my intermittent google refreshes hahaha unbelievable... the thing to remember that nothing has changed from the optimism we all shared over the weekend after the RNS. Don't let the daily get you down this will eventually go ... patience has seen us go from 67p to 0.7p I am sure we can hold for the return ride !
The average of everyone's predications
3month to 2nd June: 0.18
6month to 2nd Sept: 0.25
12month to 2nd Mar (23): 0.37
As I remember it, when Kerogen were deemed the "good guys" it was CA that got the blame for selling into the rise and holding back the SP...
But anyway like I said there is 2 factors in play that help us, good news + the market backdrop.. Russia is obvious but it looks like Saudi has problems of its own as well ....
Dive, I agree with you that there is always a worry with regards to HUR. In the past when we have been waiting for news the rise has never quite lived up to the expectation. I think for once we might be pleasantly surprised, we have genuine good news on the operations front supported by extraordinary market conditions.
Would love … absolutely love the wolf to be correct .. personally I am looking at a range of 12-17.55 but more than happy to be wrong on the ceiling.
Good night from the Bay of Bengal !
Well we are certainly hitting the market at the correct time not only with the ongoing Russia situation , Saudi also has its own problems perfect storm for a hurricane to form ............
I am out of UK time zone just now ... went to sleep with last check around 1300 UK time just as it started spiking was slightly suspicious as this was not in line with PoO .. I have to say, I did not expect to wake up to a 20% gain ! Much to my pleasure though !
Really encouraging to see the RNS giving options out with current operations however I do hope that we keep a focus on frac base and the licenses under our current control.
Fascinating to see what Monday brings and a good point made by a poster that the timing of the RNS gave as much chance as possible for the small fish - "not in the know" to heed the warning signs and load up, too often announcements made when the small guys are locked out early in the morning and we can't react until the massive spikes are already played out..
I don't think it takes a genius to cancel expenditure on future projects .. probably where the savings were made ...
Then take off on the 7th !!!!