focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hopefully trump and putin meeting will go well next week softening of sanctions should kick the Ruble into action! Last day of first half results 2mo, should see revenue of $33m if production remained steady up $4m on last year Rub/usd has remained in the 57-59 range all year
If we have maintained production levels at the same as last year we will be 20% up on revenue to $35 at end of June , more than likely we have increased production and with lea Verny cost reduction,.. things are looking promising. the reason she converted the reporting currency to rubles is to show how well the company is performing year on year without currency volatility which is currently moving in the right direction for us
Sanctions do have a big impact on the Ruble though, Ruble sitting steady around 56/usd last years average was 67, sanctions removed should bring it down at least into the 40s. 2billion rub converted at 45 = $45m revenue 2billion @ 56 = $35m 2billion @ last years 67 = $29m
Was around 30rub/$ before Crimea and oil slump
If Trump doesn't get caught in bed with Russia sanctions wil ease and opec & co restrict output of oil the rub will strengthen, at 40rub/$ We will be up to $50m revenue and that's without any increase in production.
Should see more profit in half year, 29m 2016 @ 67rub/$ average, this year been around 57rub/$ if we maintain same output will be 1.98billion= $35m
Very sound position going forward, most of AIM stocks are constantly raising money at lower price and continuously diluting the stock. We have no need to raise money and if we did for an asset would be at much higher price as Abramovich and co would be diluting their Major holding...
Not many shares in circulation over 90% held between Abramovich jr, another Russian and 2 investors, there hasn't been much PR so fairly under the radar, should start moving over next few months as long as there is global stability Assets valued over $160m and generating profit due to increase this year and small m/cap of £40m. Abramovich and co paid well over $100m for these assets and inherited 50m loan which has 20m already repaid to the bank...
Currency alone should put us up from $14m revenue to $17m for half year results
$1.4m profit Not $1.7
Good results 1.7m profit for 2016 against a backdrop of low o&g price and 80rub/usd 67rub/usd average this year at 57rub/usd and uplift of gas price from june2017 added to the fact we are producing more every year!
let's hope that putin and trump have made a smoke screen with US Syria strike to divert attention away from there secret friendship then drop sanctions over next month once they both end up agreeing on Syria, wishful thinking?
Will definitely boom one day, be interesting to see if there is an uplift in our gas price sales this year I think it's set in Jan, may have to wait till half year results in sept as currency conversion and o&g price made most of its ground around December
I don't think they need Chinese money they have rich investors, drop is just due to Russian sanctions and o&g price, they have cut back on spending to make the asset profitable at low oil price and poor currency conversion and the fact no one is selling assets cheap enough for them to be worth considering hasn't helped our growth, good thing is they don't continuously dilute the share price with lots of fundraising like lots of other aim shares and even if they did would be at a lot higher price or they would be devaluing their own holding
Think the 600m was when we purchased the assets with oil around 100dollars a barrel
Ara capital and bandbear in around £1 with 80% holding current Map 40m and our assets are valued over 100m in the current climate
Made profit in first half of 2016 when it was 75 rubels to dollar now 56 and oil price was around 28 dollars a barrel and natural gas has also doubled since big buy as long as putin behaves himself !
Should be going up, rub/dollar 30% better off since half year report and o&g price up significantly since as well final results due around 22nd, will see much better results by sept in the half year when the rub and o@g price take full effect