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Completely agree with you LGO. I'm invested in MYN not PQE (I know indirectly blah blah) but its not our core asset, although if you were a newcomer reading this BB you would think it is..
75 million traded before lunch. I don't have L2 access but looks like demand is on the up.
Let's hope so Stallin. We're all waiting patiently... :-)
Don't spend it all at once :-)
Thanks Helpful. That would explain it.
The volume seemed to just jump massively. Is there a big buy that was just processed?
please see my reply topsharepicks earlier
Hi topsharepicks. We're due an operations update from Zinc Ranch which is Mayan's prime asset. This could drop any time on the back of recent news that the company is now at break even position and possibly even cash positive (with a tweak or two) from their Austin wells (another asset).
News...not New
I can get a good price to sell 10million shares. Someone is looking to hoover up a decent amount. Maybe news will drop soon from ZR. GLA.
I did mean to also say that once we knew the additional shares were going to be issued at 10p, I expected the price at this time to settle at around the issue price which is why I sold some on the way down and will be taking up my 10p offer on the 3 for 19 basis and buying more if the price dips below 10p to get my average below 15p.
If you've asked me this question 6 months ago, I would have given you a very different answer.... For me now it's a 25-30p target and at that I will have doubled my initial investment (at the 30p mark). At that point I will decide depending on other factors if I start to sell some and hold the remaining shares or hold all or sell all etc. I really don't know at this stage, it really depends on how the longer term outlook is looking i.e what the farmout deal is, what other licences are still to be exploited, new licences that IOG can look to develop on their own, what the Harvey results are etc etc. I was of course expecting some dilution but not this level...
of course, as you said to be expected.... not in this for the short term.
and your point is what Workover?
Hi Drilling crew. That would be very nice indeed i,e. 180 bopd. It's interesting looking at the last investor presentation that the average ip rate across all 18 wells was written as follows.
• 18 active wells – two (2) tank battery – one (1) gas sales point
• Two exceptional IP rates – 150bbl and 135bbl – aside, average IP is 20bbl
• Age of wells compared v. estimated present production v. IP rate suggests shallow production depletion curve
Don't get me wrong I would be so happy with 10 bopd average from each of the 18 wells to start with but the 'potential' is for more than that. Forget that sentiment. I'll take 180 bopd right now!!
Hi Mitch. Welcome to the board. Good luck with your investment.
I meant to say that I especially like the fact that the cost's for Austin were less than forecast. That looks very good for the future with this operator now also being deployed to manage ZR. Sorry if I'm repeating other comments., I'm in out of meetings without chance to read all posts ;-)
Great non-rampy, factual & realistic RNS. For an Aim Oil&Gas company to be at breakeven point with other assets ready to be exploited in the very near term with very little cost puts us in a fantastic position now to build on the solid base that's now been created here. It's been a long time coming but looking very good for a re-rate in the short term in my opinion. The share price as we all now has been hit hard but breakeven is a big step on the way to the recovery now. GLA.
Herd
Let's hope it's the good news we've been waiting for. We can see how quickly this will move if there is good news and the heard arrives...