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During the webcast it was mentioned its expected Ceres will sign more contracts in 2024. Shorts will not want to chance this . Ceres have cash and news could come anytime. These could easily be over 500p in 2024
One question from the floor was is the Delta deal comparable to the China deal and if so does the market recognise this.
The answer is was yes the Delta deal is massive and comparable to the China deal in size and has not been factored in to the share price, also the China and Asia market is still active and is a another massive market they are actively involved in
If anyone has not listened to the below podcast I suggest they do. Some great comments and especially interesting when comments were made about further contracts in China. Sounded like Phil wanted to tell but needed to hold back... Contracts in China coming very soon imo
Https://www.ceres.tech/podcasts/peel-hunt-new-energy-clean-technology-podcast/
I would not call it d day. We know why their was a delay. Market would quite rightly hammer a share price if their was a delay and no reason given or reason was bad. This is an opportunity to add. Directors also recently bought at over 200p. BUY
This post was thanks to onsolidground.
So much undervalue here.
Excellent comments off Energean today about the CHAR / Loukos deal sealing imminently and at this time there is not one penny of value attributed for that huge deal and all the money that will fall into Chariots coffers as a result.
Yesterday we had the Transformational Energy side of CHAR business put up for strategic review - and it alone valued at 10p
Https://www.proactiveinvestors.co.uk/companies/news/1043383/chariot-transitional-power-business-potentially-worth-10p-a-share-american-investment-bank-1043383.html
So not one penny for the Energean deal.
Not one penny either attributed for the Onshore and what should be a highly imminent announcement on Rig mobilisation to the gaufrette drill.
Nor any pennies attributed either for the Green Hydrogen arm of the business.
A move back into double figures tomorrow to be fair would only be the start of it stepping back up to where it rightfully should be.
Easily the best Oiler out there at the moment
Energean Results; "Completion of the Morocco farm-in is expected imminently, upon receipt of the remaining approvals from the Moroccan Authorities.
Energean (Operator) and Chariot plan to drill an appraisal well on the Anchois field in Q3 2024."
Looks like the market has misunderstood the potential. Smart investors loading up here. Power business worth potentially 10p per share. BUY before this is realized.
From IC
Take another look at Hochschild Mining as it regains its shine
South American gold and silver miner will consider return of dividend at mid-year
March 13, 2024
by Alex Hamer
Cash profit climbs on improved gold prices and weaker Argentinian peso
Push into Brazil continues with new mine purchase option
Even for a company that specialises in digging, Hochschild Mining (HOC) has done well to unearth a better portfolio within just 18 months. The South American company has been weighed down by expensive operations and a permitting hold-up at its key mine, Inmaculada.
But the completion of a new mine in Brazil and a path to improving the Peruvian operations does put it on the upswing.
Adjusted Ebitda for 2023 was $274mn (£214mn), up 10 per cent on the year before. A $34mn drop in exploration spending and $21mn boost through an Argentinian preferential exchange rate programme also helped this figure, although it is still $100mn down on 2021. Analysts see improvement again this year thanks to the higher gold price and cheaper production at the new Mara Rosa mine. Production in 2023 was 300,749 gold equivalent ounces (oz), which includes silver, and the guidance for 2024 is 343,000-360,000 gold equivalent oz.
The realities of looking for profitable new operations was obvious in the 2023 income statement: reported profits fell on $80mn of impairments and another $17mn came from a write-down on the mining unit of San Jose in Argentina.
Debt rose in the year due to the Mara Rosa construction cost. Chief executive Eduardo Landin said the company would consider bringing back a dividend once Mara Rosa hits commercial production, expected mid-year.
Landin, who said Peru was more stable even after a change of prime minister last week, also flagged a greater commitment to Brazil through a new option over another brownfield project, Monte do Carmo. He said this could be another Mara Rosa, if further exploration confirms the seller’s pitch in the next 12 months.
Hochschild still has a way to go to balance out its new growth spending with managing some still ageing and expensive mines, like San Jose, but it is cheap enough and has good enough prospects to warrant getting back in. Buy.
Analysts at Canaccord Genuity initiated coverage on silver and gold miner Hochschild Mining at 'buy' with a 145.0p target price on Thursday, stating its Mara Rosa project was a "potential catalyst for turnaround".
Hochschild Mining operates three gold mines located in Peru and Argentina and is currently in the process of constructing its fourth mine located in Brazil, which Canaccord Genuity believes could be at "a profitability inflection point" for the first time in three years.
Canaccord thinks 2023 will mark an adjusted underlying earnings low of roughly $200.0m, driven by weak production at its Inmaculada and Pallancata mines but also higher costs across all operations. However, the analysts also noted we were "almost at the point" where 2023 was in the rearview mirror.
"Production guidance for 2024 given at the recent capital markets day was much stronger than we anticipated at Mara Rosa - we think reflecting management confidence in the ramp-up ahead. We forecast 70k oz of production in 2024, below guidance of 83-93k oz. Overall, this leaves our 2024 attributable production forecast at 331k oz vs guidance at 343-360k oz," said Canaccord.
"We forecast operating costs to remain high in 2024, as well as capex. For this reason, we forecast peak net debt in mid-2024, followed by a significant deleveraging to occur from 2H24 all the way into 2026. We also use a conservative gold price forecast of sub-US$2000/oz until 3Q25, which we think provides some potential upside to our forecasts should gold prices hold."
The Canadian bank also reckons that the first gold pour and commercial production at Mara Rosa should provide two strong near-term potential catalysts for Hochschild in the first and second quarters of 2024, respectively
From 7.8.24. We are getting very close now..
The Federal Prime Minister stressed that “there is a positive and clear understanding between Erbil and Baghdad,” noting that “the remaining problems facing the resumption of the export of Kurdistan Region oil are technical problems and are on their way to being solved.”
ERBIL — Turkish President Recep Tayyip Erdogan is set to visit Baghdad and Erbil later this month for discussions with senior officials from both sides, according to a senior Iraqi Foreign Ministry official.
The visit, lasting two days with one day each in Baghdad and Erbil, aims to address several key issues, including the presence of the Kurdistan Workers Party (PKK) bases in Iraq, the resumption of Kurdistan Region oil exports via Turkish ports, and water security concerns.
The official, who preferred to remain anonymous, stated that Erdogan will lead a delegation comprising senior Turkish officials, businessmen, and company owners during the visit.
Among the primary objectives of Erdogan's visit is to find a lasting solution to the PKK presence in Iraq, which Turkey considers a significant threat to its national security. Discussions will also revolve around potential security agreements and border measures to curtail PKK movements. Furthermore, both sides will explore the possibility of a comprehensive security agreement, including measures to halt attacks on Iraqi territory and address the presence of Turkish troops.
The Development Road project will also be on the agenda during Erdogan's talks with Iraqi officials, according to Subhan al-Mullah Jiyad, the political advisor to the Iraqi Prime Minister.
Jiyad emphasized the importance of Erdogan's visit in resolving longstanding issues between Baghdad and Ankara, particularly highlighting the critical water issue amid Iraq's ongoing drought crisis.
Erdogan's visit, originally planned for the previous year, was postponed due to regional developments, including the war in Gaza and political strains between Baghdad and Ankara. Reports suggest that stalled oil exports from the Kurdistan Region via the Ceyhan port also contributed to the delay.
The Erbil-based Kurdish channel Kurdistan 24 reported on Jan. 28 that both sides are discussing a deal to reimburse the semi-autonomous region $20.60/b for all crude oil produced
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/012924-crude-oil-selling-price-from-iraqs-kurdish-region-in-focus
Apparently there was a presentation??? This was posted on another bb.. If true this will re rate
The natural resources minister of KRG said that they have signed an agreement with ICG ON Production price of 20.61$ per barrel. The agreement was without including IOCs in the signing, but IOCs helped talking with ICG on technical matters.