Member Info for shamI89

Well, everybody knows about that debt, if somebody does then he should not be investing at all.If that debt was not there then do you really think that a company which can produce up to 25k ounces of gold per quarter be sitting on 65m market capital?

anticipated and that has caught out people today and yesterday, I had a small top up yesterday at 1.90 and got my original holding as well. There is no point in playing guessing game but this share has a lot of potential right now. First phase was proving the model, second phase was having a consistent production to maximum potential and third phase would be expanding production. First phase took a lot of time but we are in second phase and third phase would be really important.

That I have managed to buy 4k worth of shares within my buying range, could have got them cheap but my broker was not displaying mtl ticker and had to get these through phone order. Bought these around 10p when they started a pilot project and could have got these around 0.40, but new manager has turned the company around, because under old management production was lingering around 9/12 k ounces per quarter which was not enough to cover day to day running costs let alone making any money.Breakeven point was at achieved if production was around 14k ounces per quarter and that was when gold price was 1300.Now a lot has changed production is about 20k, gold price has gone up so my estimate is that company is breaking even at 11000/12000 ounces per quarter, so it has money to increase production and pay off debt.Right now real money would be made when company increases its production as current capacity is 25000 ounces per quarter.

Ok, so I am anticipating open around 1/1.5 and close about 2.But market would decide , it would be a volatile day.

It has become a trader's share , we will see a sustainable rise when price of oil increases .I agree that Ugandan deal is a game changer.

Another important factor is that current slump in demand of oil could be attributed to corona virus and it would get back to normal once pandemic is over.

Right now dont think it can offload any more assets apart from Kenya , but price of determine its future as any increase would benefit it hugely.

Ugandan deal is priced in I agree but RBL determination in January was puting a strain on share price as it was feared that if these 500 millions dont come through then company may have to raise funds via rights issue.But that uncertainty has been removed so right now it is in critical situation but is safe until 2022.

Today , Tullow is in much better position and can focus on its current assets to expand production.it is a leveraged play hugely dependant on price of oil now and will benefit hugely from any rise in price of oil in future.

To contact Tullow oil about this, surely they cant confirm it in an email but should update us via RNS.

Carclo shaeres got suspended due to not publishing results and it came out of suspension couple of days after publishing results, so.I am assuming that it can come out of suspension straight after agm.As far as price is concerned it nearly hit 2 when refinancing was sorted I agree with that but it drifted back.1/1.5 price that I am looking for is based on the fact that it is illquid share and not really popular among private investors.Having said that 10p target some people are aiming for could be hit in a month once market realises the potential.I will see how it goes from here.

Is everyone expected on relisting on Friday/Monday?I would go for 1/1.5 anywhere in beyween.

I was meant to say once it relists.I have traded it and been in and out of it.Got spooked before suspension as I think whole refinancing scenario was created to wipe out shareholders .But I am glad that it is behind us. I would be really happy to get in around 1-1.5 but lets see.

I will take a position if it is relisted

When is Agm being held?

If that is the case then expect a hell lot of bounce although in my opinion this is not the case but right now I am not too sure and you are not sure so we will find out soon.

Pure momentum play that is , as I said that people who are going to dump their rights issue shares would make a killing as they would make 500% on them .

Do you think that they have issued less shares then people dubscribed for?I don't think so, as it could be administration error but if your "short squeeze" theory is correct then that should give share price boost.New shares were forward sold and placing was voted down by investors if I remeber correctly , brokers were forced to buy back shares from open market and that created that mad scramble .

Lets see , what happens .Think people would get their entitlements this week or some may have got them yesterday but trend is bullish and that is surprising.I thought only thing that would give it push would be a discovery of covid 19 vaccine but momentum is driving it.

Got it wrong that share price would stay stagnant post rights issue unless we see a major breakthrough, I help similar views about RR but looks like people who are going to have Rolls Royce rights issue shares have won a jackpot , where they can sell their placing shares for 500% profit straight away.This one is showing bullish trend and lets see how far it goes.