Member Info for raxfactor

We had a site visit organised in mid May to show off the mine and its operations for potential investors or I suppose fund managers who wanted to see first hand what the company is about.
The presentation on the company web site specially done for the event lays out chapter and verse what we are about.
However a search for comments of how it went regarding the event are very thin on the ground, I am coming up with none, maybe more notes will come out shortly, considering market conditions are favourable and operationally we seem to getting things right, I thought it was a good idea, and the right time to present our credentials to interested parties, anyway even though not much press coverage I am sure it go unnoticed I wonder if it was well attended and wether we are now earmarked for further ii which would seem logical.

Sea Tank,
Nice summary of the state of play here, my research into oil markets suggests that we can't meet current demands, the US oil boom was a mirage smoke and mirrors funded by wall street never cash flow generative so now with oil at new highs fracking is still in the doldrums due banks losing a fortune and unwilling to throw good money after bad, so only the best of the best are making it pay in the US.
That boom gave the false impression of cheap oil for the foreseeable future, low prices and the net carbon zero scam has resulted in muted investment over recent years from the west so now we are where we are, in a pickle of our own making.
OPEC says it can ramp up supply yet regularly misses it's targets says it all, more investment is needed in oil exploration because oil is not a scarce commodity there is loads of it about, Venezuela is floating on it, and should now be a beacon of prosperity if the US hadn't bankrupted it with its fake boom.

The latest results seems to getting more coverage eg market screener, proactive investors and a junior miner review on the day of the RNS the message is getting out there now, I am sure we are being noticed more even though the market reaction has been muted to what I thought was an excellent update.

Sentiment and perception seems to play a huge part here, although throughout the social unrest and political change Ptal continued to execute their development plans, investors unsure of how things might fall took flight, which is understandable when you consider the impact government decisions can have on profits and outlook.
I am surprised it's the UK government and not the socialist Peruvian government which has acted in the way it has with the WFT, however I am sure it will not have gone unnoticed, especially in a country were people power is never far away.
So while I feel we are only making up lost ground, I am wary of a government decision throwing a spanner into our works, when our potential has much farther to go, we are only at the beginning.

With the dividend payment approaching a buoyant market from all accounts with a tighter supply, it would be nice to see us breach April's highs with this latest bounce.
The impact of China's recent lockdown and its effect on trade is anybody's guess,
with ships idle at port being neither loaded or unloaded when these bottlenecks become visible as shortages who knows, but for now we seem to be on the up.

Now the social unrest has abated and although you could never assume that it wouldn't arise again, ptal continued to operate competently throughout growing production, now it seems the market is giving some warranted love back, l suppose a strong oil price helps, unpredictability is the only predictably with ptal and Peru.
Good to be on the right side of the movement.

Hi Genghis,
Debt repayments required within the year is what I was making reference to,
The Company also made its first scheduled debt repayment on March 31, 2022, to AFC of US$2.53 million consisting of principal and interest in accordance with the terms of its Senior Secured Facility
Instalment payments on the AFC Senior Secured Facility of US$22,904,418 are due by December 31, 2022. These will be paid from cashflows during the year

With the conference call on 6th June the price break out will lend support to any forward looking statements regarding projects, work overseas, that management might provide supported by an already robust oil price.
Expecting positive news and progress on all ventures as well as good financials.
Still no official news about the Maari Project the longest running will it or won't it complete oil saga going, so expecting a new date to be forwarded for completion.
Roll on June 6th.

Good to see CAML sp trending back up after the recent dividend, Zinc trending upwards while copper and lead have both dropped from recent highs, however all showing healthy gains if taken over a two year period.
Interesting times with the cash balance growing now the debt has gone, however I would be quite happy for the bod to grow the cash pile in the short term, rather than jump in for an acquisition during these turbulent times, cash is king as they say.

Great update today, all fronts progressing favourably production, throughput and drilling campaigns which will hopefully show new targets to be mined.
On target with the financial repayments, which when fully repaid by December would be a major achievement.
Nice to have a cash balance as well considering all the activity.

A little surprised to see this drifting with the oil price we have, especially with the UK sell off in some oilies looking for a new home.
As stated even if the deal falls through we are still set fair for the future.

Yes it is a gun against the head, but also they are playing to a populist people agenda with the free cash, short term gain only as this will soon be forgotten.
Desperation springs to mind, I would of thought there would be a lot of Tories against this strategy, to me this smacks of I will do anything to keep in office.
SQZ at least does have options to mitigate this action, when the dust settles a more investors will realize the hit can be dodged to some extent.
As for the sp why wouldn't you invest at these levels?
In fact the upcoming drilling campaign was seen by me me as I hope they don't come up with a duster, now who cares, it's no big deal anymore the sp hit has already occurred.

So this is the government's answer to the oil and gas shortage force companies into capex (exploration) to negate to levy, looked at in that prospective there is method behind the madness.

Pleased to see the market respond to PTALs achievements which given the backdrop they have been up against is remarkable, both production and financially wise we are in a great position.
The route to Brazil is a godsend which is going from strength to strength, mitigating our primary route issues.
Production on the up prospects looking very rosy.

Very frustrating to say the least, the western outlook for some time has been net zero carbon and demonization of fossil fuels while others have not been as keen and continued their development.
The outcome of this disastrous policy is a reduction in spending away from exploration which has declined significantly over recent years resulting in as situation we have today that there is not enough oil available to meet demand.
Which is bad western management of our economies because oil is not a scarce commodity.
A manufactured shortage blamed on Russia but its not it is the climate change carbon credit scam in combination with the wind farm solar park gravy train.
We are being played and manipulated and there is no alternative.

The markets of late have been very unpredictable and volatile while PTAL continues to do what PTAL does regardless of events it carries on, good to see well 11H being drilled if all goes according to plan in production in July.
The investor meet should be interesting with operational and financial commentary for the short and long term, with Q1 results published as a backdrop.

As rough comparison I use CMCL a gold miner in Zimbabwe mcap £139m producing this year 73-80k Oz from underground mining, it pays a quarterly divi and little or no debt we by comparison don't pay a divi have debt hopefully will produce between 80-100 Oz with a mcap of £109m so there are pro and cons for both but with higher production we stand to generate a higher EBITDA and more profit with hopefully the mcap increasing over the year taking the sp with it.
I am thinking parity is reasonable and THK has some catching up to do.

Disappointing to see the drop, however it's good to know this drop is not related to issues at the mine or the other projects on the go.
The hard part has been achieved here proving the mine build, time and design specification then ensuring it functions as per design, all this has been done and more, so I see it as down to the proof of mining ore this being processed gold being poured and eventually showing up as cash on the balance sheet.
Currently all is going to plan only the sp is lagging what is being proved on site if events continue in the same vein it will only be a matter of time before that rights itself the gold price close to $1900 oz can only strengthen our operations.

New broker note out on research tree the introduction sums it up nicely, even though prices are strong management does have a few issues to deal with.

Kenmare Resources (“KMR”) released a mixed Q1’22 trading update this morning. Slower than expected ore mining rates were offset by better grades but finished product output was still 11% below H&Pe due to lower recovery rates from HMC. Finished product sales were also severely impacted by previously flagged poor weather conditions and customer ship delays. With one of Moma’s two transshipment vessels expected to be out of action for 10 weeks from May due to scheduled maintenance.

Good to see CAML on the up, the changes at Sasa as they change mining technique has resulted in not hitting the same production highs.
However higher prices have compensated for the difference, excellent revenue all round from all the commodities mined with only a month or two before being completely debt free.