Member Info for RogerJolly

Liking that news and just reading an article that end "Construction is expected to be completed within eight months, with first gas flow projected by mid-2026 marking a significant step toward strengthening Tanzania’s domestic energy supply and supporting cleaner industrial development."

I am reading it as 8 moths from the date of the announcement https://dailynews.co.tz/tpdc-plans-major-gas-pipeline/

Don't kick the skirting boards

I guess those people are not investors. They're just speculator's who have reached their target % maybe hoping for a rinse repeat. They have done well in recent years if they timed it right but I question selling at this point on a daily climbing trend. I still expect a blue day. The coming news flow will jeep the trend positive imo.

That's a big call but I'll have some if it's happening 😁

If we look at that *15 PE against Aminex aim to $40 million net, would that give a $600 million valuation? If so we would be looking a an SP somewhere in the mid teens

That is some figure you are looking at there SC. What would that do to the company value?

Overall Oil & Gas:

The industry's P/E ratio can fluctuate, but a range of 8 to 15 is often cited according to various financial websites.

Oil & Gas Exploration & Production:

Stock Analysis reports a weighted average P/E of 14.32 for this sector.

Oil and Gas Drilling:

The drilling sector (production and exploration) had a higher average P/E of 34.66 in January 2022 according to Investopedia.

Price-to-Earnings (P/E) Ratio:

This method is often used for public companies with established earnings.

It involves comparing the company's net income to its market capitalization (the total value of its shares).

A P/E ratio is calculated by dividing the company's share price by its earnings per share (EPS).

To value the company, you'd apply a relevant P/E multiple from comparable companies in the same industry to the company's earnings.

For example, if similar companies have an average P/E ratio of 15, and the company in question has a net income of $63 million, the estimated value would be 63 million * 15 = $945 million. However, this is a simplified example and requires careful consideration of industry-specific P/E ratios and adjustments.

None of us can do that because we don't know the depth of the target yet. Maybe there's a question that could be asked at the AGM.

The invictus rig is close enough for December if it is suitable and they are ready to release it in time.

And they'll keep on coming with the strong news flow ahead.

Dummy sell 1 million at 166. 2 1/2 million 162 over 3 million is call for a price

I'm 15 minutes behind but they just offered me 87 plus for one million so I think there are some buyers out there

Hotting up for the last hour. Would be nice to have a big finish

Yes a nice £20k buy showing up late at 1.68. it would be nice to finish blue and it wouldn't take much of a fomo to achieve that.

I see the Gob in the green box gets his alter ego to start a thread so he can come back out to play today.

Not that chart I'm asking who created the pipeline chart?

Who created that chart?

Mind the gap as you step aboard.

I'm delayed 15 minutes so not seeing what you guys are. Let's hope it keeps pushing. Nice to see some decent sized buys that's for sure

Sounds to me like the hard ball game is over and we are taking the next step. It has always been a situation of no point in us spending money and preparing rigs unless we have a window to work in. The pipeline has set it all up nicely, Pura are keen and so are TPDC ARA APT and Aminex. August they say. Nice little announcement before the elections I think :-)

If it pushes on this afternoon we wont see many of his green boxes. Nice to have more confirmation that things are moving in the right direction - "The Pipeline shall commence in July" That is within 14 days!!!