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It has had a sudden drop off in share price while there hasn't been any bad news in the open domain, i have to agree it seems a good price to buy in.

Robust cash balance and no debt, maybe the market believes that investment by companies in this area is slowing although as yet this is not reflected in the latest results but will come later.

Good results today, 18,290 bopd production, cash build excellent taking into account a successful drilling campaign with extra work and costs allocated to the river bank erosion intervention, new export route progressing well.

Pleased they have transferred some cash from the social fund to kick start projects in solar, education and internet coverage which the locals will be happy with.

Only the river levels to worry about going forward.

Can only think that the AGM statement is a disappointment to the market judging by the reaction, nevertheless the company is still trading well.

The FTSE 250-listed group said percentage growth in both gross invoiced Income and adjusted operating profit was "comfortably in double digits", with gross profit growth in the high single digits as a result of an increased weighting towards high volume, lower margin software wins in the period.

Chief executive Sam Mudd said: "The overall performance of the business was again driven by strong and stable demand from both corporate and public sectors for our market-leading, supported and secure IT systems. We remain confident that our continued strong vendor partnerships and first-rate client service position us well to achieve our strategic goals for the year."

Q2 ozs increased over Q1 to 20,773, full year guidance still on track to hit between 74k - 78k ozs, gold price still at elevated levels which bodes well with our aisc of $1370 - $1470 which we haven't been advised has changed so assume it is still in place, let's not forget $20m of sustaining investment in Blanket included in the aisc.

All things considered excellent update today steady as she goes.

Kenmare spreading the word regarding 100 years of mine life, and how the deposit is world class on X ............ Oh and once we have successfully moved the WCP in 2025 we are up for sale if you are interested.

https://x.com/KenmareRes/status/1810988991937733053?t=MSzeKxe4e0x-zZdcQY3h0w&s=19

Well Mike you were pretty much on the money with your forecasting always value your comments.

A positive q3 update this morning with improvements in all areas over q2, nice to see net cash increase by a good amount.

Lastly reading the market update our markets seem to be showing signs of improvement over the longer term.

Perhaps Tharisa could change their name to Tharisa Chrome and pgms only joking prompted by the markets muted response to an excellent update its as though we are a pgm miner not much changed in that market and forget presently we are more Chrome than pgms as far cash generation is concerned.

Money miners discuss ADT1 in the beginning segment of this episode and they raise some interesting points regarding management changes, think it's benign although not a good look on ramp up.

More interesting is their take on the financing and probable selling down of Orion after 90 days lock in.

Then we have the building out of the mine prior to stoping which is what caught my attention the most because the ground is poor which is why they need significant support but the distances achieved are poor compared to other mines but work is high cost for no financial reward, then when they finish this the question is does this poor ground continue into the stoping areas at this stage it's unknown.

I know they have leeway in funding after recent fund raises but the high cash burn slow metre gain of the mine is interesting to see how it pans out.

https://youtu.be/ptHhJkQoMtI?si=-43mo5ERlkaitS2y

Hi Sekorde

What exactly are you suggesting that the 17% yield is sustainable or that with a 75% wft in place that sqz can grow and flourish in this environment.

I would have thought that a competent management team would reduce the yield and move operations to a more favourable tax regime which would allow the company to grow and reduce operations were they are being penalised for making profits, if the arrangement worked both ways maybe something could be worked out but when oil dropped to $20/bbl I didn't see any concern for North Sea players.

It's a good omen that he has bought some shares, however I hope he has changed his mind over the last month's from his opinion when he set up Curium Resources

A “fundamental belief” that the UK should be developing its North Sea resources is the big driver behind Chris Cox’s new vehicle, Curium Resources.

Hopefully he will be aligned with our Chairman who was in the papers last week

Serica Energy chairman David Latin accused politicians of a ‘race to the bottom’ to extract more money in the short-term despite it causing long-term damage to production and making Britain more dependent on imports.

So complaining about the wft and a threat to look elsewhere for acquisitions possibly Norway I hope this is not hollow words to appease the smaller shareholders we need to see this happen to prove his bite is worse than his bark.

How the scam was perpetrated, note the date 2017.

https://www.youtube.com/live/Ef30rQil4Fk?si=eAvjlfjE0_wm7Fbf

The reality of pushing to hard to move away from fossil fuels has hit NZ recently and now we have Australia facing up to similar realities as it faces a cold start to winter and demand for energy catches them scrambling to meet demand.

https://www.reuters.com/business/energy/australias-east-faces-immediate-gas-shortage-amid-cold-snap-outage-2024-06-21/

We can all moan about the TW deal however there comes a point when with oil prices $85 and above with increasing productivity that the company starts to amass cash significantly, the price paid slowly demishes, the real issue I see is the wft it is not going away how can any company move forward when being taxed on profits we are?

It's impossible, we still have a shadow over wether the tax losses can be used for the whole SQZ group or TW only and that is the only bright spot in the situation we find ourselves.

Under normal circumstances a company that increases growth as much as SQZ has done regardless of the price paid would be well placed especially if revenue and profits were excellent which they are it's not like oil has dropped $20/bbl.

So for me it all comes back to the wft, even if we were taken private the situation doesn't change for them they are still hamstrung that's another reason why I don't think it will happen.

I am of the opinion that to see a major movement in share price there needs to be a driver of growth, more production which would come from an acquisition, if that doesn't arrive then it's accept the dividends and move up and down driven by the commodity prices.

Well said a complete waste of cash it should of found it's way back to shareholders as a special dividend.

My worry is we have a world wide political agenda driven by the WEF and I have seen it said that the G20 and China have signed up for this, it includes the ai revolution which many jobs will be lost to robotics, meaning corporations will increasingly be involved due to governments getting less tax via the jobs market while debt grows so governments losing control unless in backed by the large corporations, we can see farmers being hit, as well small businesses some which didn't return after lockdowns or are struggling due to it's effect

So the carbon emissions, ulez etc is all part of the transition to stakeholder capitalism.

Anyway credit scores already in force in China, digital currency etc

I thought the commentary from our chairman was common sense highlighting if the UK doesn't produce the oil and gas then the imported replacement still has the perceived negatives attached to it just that it has been produced elsewhere.

The compressor tripping out is a disappointment when if I understood correctly two are already down on the fspo so we lost a month of production, looks to me like the maintenance schedule needs updating.

So he talking a good game let's see the action some overseas acquisition.

Just got you legache William Hopper once adviced to the US government before the narrative changed a true scientist check out what he has to say on the subject.

Anyway this is SQZ board and you my friend are a hypocrite investing in oil and gas if your morals and principles had any meaning you would be out campaigning for stop oil.

Good luck with your investments.

Pleased to see the recent buying by several insiders although the share price has been in retreat they seem to be sending a message to the market that all is well here.

The past shenanigans are behind us and updates have been solid, so is this a buying opportunity? or is there more unwelcome news on the horizon.

The fundamentals seem solid net cash and growing, revenue and sales increasing, it's a mystery to me compared to Data which has debt and p/e of 60 or roughly twice that of us.

Of course I am interested you could also check out Tony Heller on YouTube and twitter who regularly debunks this stuff Chris Martz on twitter is a soon to be a climate graduate who believed the narrative until he started to review the data for himself a credit to his generation.

https://lincolnweather.unl.edu/data/Lincoln-hottest-day-each-year.asp

I am not going to change your opinion however it's very similar to farce we have gone through these last few years with the Safe and Effective narrative and the data which is available and increasing every day which shows it wasn't.

Climate is no different to all other institutions which have been corrupted by accepting financial donations from foundations who in return expect a certain bias in the results to suit their narrative, this has occurred in every fabric of our society.

You have obviously never bothered to check the actual data the US has great data going back beyond 1890s the facts the the hottest days were in 1930s there are less hurricanes and severe floods and wild fires, this is undisputed data, even temperatures in the US over this period are in decline, however our data in UK temperatures have risen over the same period.

Climate changes it has nothing to do with co2, try looking at ocean currents the magnetosphere which is weakening more northern lights visible south of the poles, it's effect on jet streams to weather patterns, orbits around the sun, sun spots and sun cycles there are endless effects on weather. even floods occuring recently are the result of volcanic activity putting 14% more moisture in tbe atmosphere, and volcanic activity is linked to sun activity, still if you want carry on believing its man made co2 or cows best go vegan would be my advice and stop eating meat, i am sure the lab grown stuff is a perfect substitute.