Member Info for Ribeye

As the Great Gary Glitter once said......"Its good to be back."

I remember where I was on the Thursday that Sealion-1 discovery RNS dropped! We're so back baby.

Choo-choo, see y'all in Sharkey's, elastic bands etc etc.

Bull flag!!

Thank you for your attention to this matter.

Has anyone considered that Algeria has the world's 3rd largest reserves of shale gas at 707tn cubic feet?

Its a short pipeline to Europe and no other alternative other than a bit of LNG.

Excellent. Looks like we're putting the old band back together. I was pseudopolylageraemia on iii.

All we need now is Garbled, MarlonMonkey and Bluehorseshoe Loves Chipfat to reappear.

No way! Not THE JPDM Fortunemaker??

Yep - anticipating an increased free float of shares going into the back end of the year purchsed at 53p.

Me too via HL!

Thanks for highlighting it.

Bonkers results. EPS and FCF crazy with PE under 20 and net debt eliminated and diesel costs falling. A dividend rise later in the year when the generalist investors have started paying attention should light a fire under the share price (because $2000 per ounce margin hasn't yet).

https://www.agnicoeagle.com/English/news-and-media/news-releases/news-details/2025/AGNICO-EAGLE-REPORTS-FIRST-QUARTER-2025-RESULTS---STRONG-QUARTERLY-OPERATIONAL-AND-FINANCIAL-PERFORMANCE-BALANCE-SHEET-FURTHER-STRENGTHENED-BY-STRONG-FREE-CASH-FLOW-GENERATION-16TH-ANNUAL-SUSTAINABILITY-REPORT-RELEASED/default.aspx

Cheers JMT

Even those conservative assumptions are ineed very nice for shareholders. I suspect the higher prevaling prices are allowing the company to to the opposite of 'high grading' by mining lower grade ore in a way that optimises reserves and mine life (and ultimately total returns).

I think you've hit the nail on the head here about the generous dividend payment and the relatively clear dividend policy the company has which, put along side a mushrooming free cash flow, should be approaching the threshold where generalist and institutional investors start to pile in.

There was only one period where the Gold:Silver ratio went over 100 before the silver 'futures' rigged casino was established in 1975.

Neither that episode, nor the 3 thta have occurred since lasted very long.

Silver is still trapped in the hypothecated COMEX options dependent tape-painting pardigm (unlike gold with is now a tier 1 NSFR asset).

However, what can't go on forever will NOT go on forever.

Gold production in 2024 was 631,600 ounces and they quote a price of $2389.7/oz for the year.

That means a revenue increase from gold of $63m for every $100 increase in the average price of gold for 2025, with the major cost driver (oil) sharply lower this year.

The company quoted a 4.7% increase in the cost of diesel to $1.119 perlitre in 2024 (compared with $1.069/L in 2023).

They used 1,533,177 MWh of diesel in 2024, and its 400 litres per MWh = 621,270,800 litres per year at a cost of $695m (30% of total operating costs at$2.25bn. Oil averaged about $80 in 2024 and it could quite easily average 10-15% less this year returning $70-100m to the bottom line to offset any increase in ESG and staff costs (lower inflationary pressure from falling USD should also mitigate that?

On top of that, they booked $28.30/oz for silver (56.3m oz) so silver at $32 per ounce puts >$200m on the top line too.

This is going to be a free cash flow monster this year on gold alone, and the Western institutional investors love FCF more than EPS.

Imagine what happens in the gold:silver ration corrects in the historically inevitable manner. FRES is CHEAP on a gold mining basis, and its a totally assyemtric give away leveraged play opportunity on silver at £10/share.

Again today......riser.

'Drill Baby, Drill!' will increase the amount ot drilling activty on the land covered by the Royalty Packages presumably.

Leaky old caravans, piles of rubbish bags and dodging soap.

Crapped in any good hedgerows lately Mr Crusty-Juggler?

That is a great point that GP makes (on ADVFN), and key difference between the US and UK that I hadn't appreciated - the importance of not being front run by other companies when you have a success, and snapping up the potential value available locally for other wells.

You could if you had more information about existing well and this one.

Not all nearby wells are necessarily accessing the same reservoir. there may be faulting creating a different trap.

The fact that the well was drilled shallower than expected suggests that you CAN'T infer from nearby existing wells.

Yes, but what I'm saying is that flow rate in isolation has nothing to do with the share price, because it can't be used to work out the size of the recoverable resource and thus a value for the asset.

How long will it flow for? Its NOT a shale well, so it won't drop off at 45% per year. That's ALL we know.

An oil well is valued on the basis of the number of barrels it will produce in its lifetime, not on how many barrels per day it produces initially.

Flow rates mean nothing really. No one with any knowledge of oil and gas will buy anything based on just initial flow rates of a well in the complete absense of any sense of the size of the resource. We haven't even had pre-drill estimates of the reoverable resource with this well. We know next to F-all.

We need NUMBERS: Thickness of reservoir, permability and porosity, API of the oil and gas content and pressures.

Its possible that the wireline logging has already been completed. THAT is what I want to see.

Looks like we'll be doing some drilling in 2024.

I'm not sure where the pant wetting about money is coming from.

Well completions cost much less than druilling, and they were obviously able to secure vendor financing during the drilling overruns......therefore completion vendor financing is much less risk for ther lender.

On top of that, the oil produced during cleanup wil be sold for income and as has been noted already, UJO has a track record of providing liquidity for strategic partners.

100% of 200 bpd at $80 is a LOT of money in the near term.