Member Info for SEA7

from yesterdays update....

A subsequent event in Q3 is the installation of artificial lift in WR-16aZ, which has been shut-in for most of Q1 and Q2. Initial results of this intervention will be provided in Q3.

thanks rock

does this help...

https://www.istockphoto.com/vector/making-money-on-oil-gm1219562498-356780731

anyone noticed the pics put up yesterday...

https://twitter.com/BlockEnergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

13 Jul 2021

Pan African Resources sees strong cashflows as gold price surges

Snapshot

Pan African Resources reports 12.3% increase in gold production for the year
Pan African Resources 'very pleased' after reporting a 12.3% increase in gold production for year.

Pan African Resources PLC (LON:PAF) reported a 12.3% increase in gold production to 201,608 ounces for the year to end June 2021, boosted by underground operations at its Barberton and Evander mines in South Africa.

Gold output was also 3.4% higher than the revised production guidance of about 195,000 ounces given in May 2021.

http://www.proactiveinvestors.co.uk/companies/news/904181/pan-african-resources-sees-strong-cashflows-as-gold-price-surges-904181.html

posted by someone on another board...

Industry outlook

Based on its currently producing assets, we value PAF at 38.19c (27.46p) per share plus the value of 19.2m underground Witwatersrand ounces (estimated 0.22-5.24c/share). Near-term development opportunities include Egoli (ZAR2.01bn NPV and 50.1% IRR), the Evander 8 Shaft Phase 1 (ZAR126.1m NPV) & 2 projects, Mintails’ assets (533koz over 12yrs at US$800/oz AISC), the Prince Consort shaft pillar, the Fairview sub-vertical shaft (7–10koz pa) and the Royal Sheba project (c 30koz pa). NB PAF’s mining rights at Barberton were recently renewed for a period of 30 years.

Last updated on 05/07/2021

Investment summary

Pan African (PAF) produced a forecast beating 179.6koz gold in FY20, resulting in net debt declining by 52.6% in H220 alone to just US$62.0m and allowing it to increase its dividend more than five-fold so that it is among the top 20 yielding precious metals companies, globally. Since then, EPS has almost doubled again to 2.11c/share in a record H121 after production of 98.4koz (cf updated and increased FY21 guidance of 195koz).

the paying down of debt has been nothing short of spectacular

senior debt...

june 2021 - $33.8 million
dec 2020 - $62.5 million
dec 2019 - $123 million

this is a great update largely overshadowed by the unrest.

all airlines shows at least 1.5% drops today, whole aerospace sector down. Not specific to RR -

last time this happened it bottomed at 94 and rallied back to 103 - now we are seeing it at 90.7p as the low today - we will see it rally again in due course

the volume dried up as it hit 103 recently and has returned with a vengeance as we hit the lower prices again - rinse and repeat.

anyone who has a stop loss in place has a visible position in the market - this information is valuable to the market makers, who can see precisely where to take the price to take them out.

cw -note the single post of investorvalue and only been a member since yesterday.

this is a classic sign of derampers moving into to trash the stock, to drive as many out as possible, so that they can accumulate in the panicky drops. Once they have enough, they will switch tactics and ramp it to high heaven - so as to be able to sell out in the rise ...... rinse and repeat.

educated gambling

pfen - cases are irrelevant now

it is solely hospitalisations and deaths, which are way, way down from the levels they were, when the cases were this high last time.

move on, live with it

thanks Mp

With #BLOE continuous improvement strategy in place, the penetration rate has increased steadily and a record 244m of 12 1/4" hole was drilled in 1 day.

gneiss were the placing agent for the £5.2m raising in December last year also.

not a chance !!!

i will be aiming to capitalise on others potentially error prone hung over state or their lack of attendance in the markets on monday morning.

good find - moves are afoot!!

small overhang appears gone - my buy of 100k shares at 2.5p took 5 mins to fill just as it moved back up to 2.55p

buys coming in at 2.6p now

finally filled

i have an order in at 2.5p for 100k shares as the guaranteed price is gone - just at best again on the offer - not filled yet

buying at the bid normally indicates weakness in the price - unless there is decent buying, it is likely that whoever is sat at 2.5p on the bid, will move off, position lower and expose whoever is offering the next best bid.

possibly have a distressed seller, clearing out.

i got a quote for 100k shares at 2.5p - guaranteed, however, try to sell 100k and i only get at best.