Member Info for rossannan

Ha ha. No, deal updates as discussed previously.

Sturm/G_G_G

Buffett wouldn’t go anywhere near AIM though. On AIM, if there even is FCF in the first place, predicting it involves a great deal of conjecture. Working from historical FCF allows you to draw a more reliable trajectory while also assessing what was delivered at each stage against what was then expected.

When significant positive change is promised or even just a possibility, it is tempting to load up in anticipation. More often than not though you are better on the sidelines - in the event of disappointment you are well out while if significant positive change is actually delivered you will understand its significance and be able to get in ahead of those who don’t (likely buying the shares of the inevitable sellers into the news).

Sturm

No, it was just an incidental observation. What I am interested in is whether there will be a separate announcement for the CR-3 result (I think there should be) or whether it will be bundled with the Q4 update. What do you think?

Stas20

Do you disagree that T&T is an unfriendly fiscal regime for O&G? When e.g. only 75% of losses are allowable against PPT (it’s 100% almost everywhere else)?

G_G_G

A good way of keeping tabs on T&T O&G used to be the MEEI Bulletins (https://www.energy.gov.tt) - sometimes you could even get a heads up on results a company wasn’t sharing with you, but the MEEI seem to have stopped these updates at the end of 2024 - unless they now appear somewhere else - does anyone know better? If they have stopped then this might have been because the figures have for a while been showing an industry in decline, due in no small part to T&T’s relatively unfriendly fiscal regime. You could argue that it was that fiscal regime that did for TRIN by stopping it from developing its one really significant asset - its potential partners for that asset looked at the fiscal regime, did the maths and walked away.

Nice uptick.

The relative strength here during recent sector turbulence has been everything an LTH could wish for. This is one to hold and hold.

PatShare

So definitely March then.

Updates are due.

Yes, 362,500 shares. GDP has done okay for me but my focus is on much larger companies like Newmont, Barrick etc. which have been great - GDP has been frustrating by comparison. It all comes down to next week’s announcement for me - if it is not a “clean” update and is in any sense yet another “mixed bag”, I will be looking to move on.

G_G_G

Time will tell. CR-3 is so material either way that PB is arguably obligated to report on it as and when and not wait for the next quarterly update in about 6 weeks. But my impression is that he buries or at least delays bad news if he thinks he can get away with it, so any early CR-3 news will likely be good news.

We’re not really a producer though, and DRD are probably happy enough with the current arrangements. If they did make a move it would probably be as lowball as MO would let them get away with and basically share for share, with maybe a small cash component at best.

VernetLes

You have to agree that today’s RNS is badly timed though - classic AIM. Maybe entirely outwith their control, but maybe not.

Highlandmatt

You kindly provided a link to the presentation and I looked at the particular slide that you highlighted - do you not accept that that slide is mainly comprised of forecast production that did not pan out, rather than actual production, particularly bearing in mind the wells shown on it that had not even been completed at that point?

Ayecuramba

“or we can just say we think your wrong and leave it at that”

That might work for you, but not Johnoxxx, I suspect.

VernetLes

To be fair though, if we do get a “clean” announcement next week it would be reasonable to expect a bit of a buzz, some coverage and possibly even a tip, making 15p+ a distinct possibility. But in the meantime the market is waiting to see the whites of GDP’s eyes.

Johnoxxx

As I said, if you think I am wrong and that there is in fact a TXP presentation that has stood the test of time, by all means post a link to it and we can all have a look at it.

Johnoxxx

As I said, if you think I am wrong and that there is in fact a TXP presentation that has stood the test of time, by all means post a link to it and we can all have a look at it.

VernetLes

“15p easy first target with a buyer in the market”

Nothing is easy right now. There’s a lot of inertia and frankly distrust to overcome here. Those familiar with GDP will be waiting to see what is bundled with the good news that we’ve been “warned” about. For many, many others, this one is not even on the radar. So the first target is getting a “clean” announcement next week. Then we’ll talk.

Johnoxxx

If you think I am wrong and that there is a TXP presentation that has stood the test of time, by all means post a link to it and we can all have a look at it.