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Just to recap on some of the relevant points from last RNS £10M M'cap now Total project resource now at 3.8 million ounces of gold !!! Lets guess a potential net return of $200 per Oz min = £475M !!! - DYOR because Im not aprofessional with these valuations, just looking to what the upside could be Acreage Increased Cash in flow forecasted to increase Mine Life 13 years ETc Etc
BGL has been undervalued for ages now and about time we rose to a more respectable level considering the resource we have. Other miners have recovered (ALO, KDR, etc) and about time BGL had a lift
Really struggled to buy this morning but glad I did, very hard to buy Some good news of investment should be out soon hopefully, fingers crossed
Great time to get in but I would have thought we have anything up to another week or two before news, hope Im wrong but testing usually takes between 4 to 6 weeks and guessing from the previous RNS we should have been at TD by 1st or 2nd week of this month so add 4-6 weeks. Hope Im wrong as this is such a great entry price and so a bit more patience required. Pelase dont shoot me if im wrong !
Is it acievable, I would have thought so either today or over the coming days, we were there in August and things after todays RNS have improved greatly. Cant believe how many rockets are being launched on AIM over the past 24 hours !! :)
Sorry correction to previous post !
Still room to go, 0.5 to 0.7p IMOP Great RNS, really positive and a big step forward
If we can break and hold 0.4p + beofre news that would be superb then 1p on news SHOULD be achievable IMO
Well this is shaping up VERY nicely Good news flow recently and allot more to come that will really make this company How many AIM tidlers like this are there with Good Strong Blue Chip Clients buying their goods, hardly any cash flow requirements needed due to the tie up with Magaman - Answer = ZERO appart from JSJS Wait for the RNS and this will be up close to 1p or more IMO
According to Stock Exchange Website we've smashed the first resistance level and need to break 44.25p to break Second Resitance level Getting close and we should be away hopefully ready for news
MAny thanks, that looks VERY GOOD then :)
ANyone with L2 got the volume? This is looking very encouraging
Thanks for that, could do with a good tick up there as well.
Thanks for the heads up today Have you got any thoughts re ACP? Lots of news due imminently and wondering what your charts are saying Thanks for any help
Do these still stand?
From the RNS; "Overall the Group is well capitalised and as at 30 June 2013 had net cash resources and amounts due from brokers amounting to £24.4m. " Am I reading this correctly we have net cash resources of £24M against our Mcap of £17m ish? Back in to profit as well with £3m profit for H1 2013 This surely has to start a significant rise back up over the coming weeks?
Great turnaround compared to 2nd half last year and back into strong profit AND £24M due in from various Brokers :) Our M'cap currently is only about £17M and we have £24M due in, am I reading that right ?? :) Should be a good day
Even more patience required and hopefully the well will be cleaned up soon and full revenues being realised. Comforting reading the GECR Broker report again that was updated yesterday so not allot of change to that and still confident on the upside. Initial target 20p as per GECR HOWEVER full valuation of P2 PLUS P3 as per the CPR is more like £1 per share potential. To get to this we need to bring on the other 3 targets that are waiting for us :) Quote from the GECR Valuation; Valuation Silvermere is being groomed by the board to become a US style profit focused oil and gas producer. It does look as though Mustang Island could act as a good blueprint for a coming acquisition. A Competent Person's Report (CPR) was published on the company’s assets at Mustang Island by RPS Energy in August 2011. This has been followed up on, as the Board commissioned an updated independent report on Mustang Island’s reserves and valuation as at 31st March 2012. This report, which is in draft form, indicates a value (NPV10) of US$14.3 million for the 2P reserves attributable to the company's interest and an additional US$56.4 million for the 3P possible reserves based on currently forecast price decks. Successful production from the I-1 well has the potential to significantly upgrade the company’s reserves at Mustang Island and its valuation.
Should be in the next few days, certainly by Friday Fingers crossed and good luck everyone :)
I know that but I was working on their lower end of expectations which providing we achieve that I would be happy. If we get 150Bopd + on a continuous flow - Well that would be truely amazing and on top of that we should have a decent gas flow as well. Ive been in here for well over a year now and have learnt to moderate my expectations :)