Member Info for Schlum

Gas prices are moving higher again today. Are we expecting our production to double upon a successful frack.
What are our high and low estimates for Southwark?
We will know within a week or two. Fingers crossed.
Ps it must be cold on that rig floor.

On those figures, shorts must be twitching.

Have always assumed Bess back up facility would be built out nationally.

Not what I was expecting!

Where for art thou Lottie? The voice of reason, your board needs you.

I guess we must be looking at mid December, with published flow rates, perhaps a week/10 days later

Thank you Oilman, that is illuminating and backs up my feeling that the risk/ reward at this SP
Is very favourable.

Good points.

Maiden JORC 200,000 tonnes of zinc, current value before cost of extraction, £600million. Underground mining costs will be substantial, even so a DCF valuation makes the current market capitalisation of ROCK look rather low.

Anyone care to put a value on this asset if current drilling proves up historical zinc load. Indeed any ballpark figures for optimistic/ pessimistic drilling results and core sampling.
As I believe the current SP is supported fully by the Queensland gold acreage, the upside potential is there.

Might another bid appear? It would be unexpected but?

P/e now under 6.

Drill is turning. Not too long until results. Confirmation of historical results would be a major positive. SP risk reward looks enticing, at such a low mkt cap.

Owing to security concerns re gas storage, I would expect the JR to be dismissed in Jan.
Been proved wrong before re IM , so fingers crossed.

According to article eps estimate for 2022 is£0.27. Rev forecast £79m .
The eps figure is hard to compute.

You make a good point re debt pay down.

There is a need for some decent sized director buys, to bring confidence.
Abrupt CFO departure, needs explanation.
Trading update for the new 100%laser company format would be helpful.
The p/e here must be ridiculously low.

Depends how hard the brokers wanted to work.

It would be good to get another new contract announcement.
Any new positive news gratefully received.

A knowledgeable and generally reliable poster, reported this recently. I suggest you contact Aim directly for confirmation.
Meanwhile the gas caverns news , hopefully goes our way, early in the New Year.

I agree.

Incidentally, new Aim rules allow directors to purchase shares a minimum of 4 weeks before any substantial news announcement, down from the prior 8 weeks.