Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Huge trade there today
Feels like seller has defo gone, that kept depressing us.
Alanadale, I reckon a lot will be thinking along same lines as you. An Isa investment into a co that should be debt free in a few month, and production of over 2000 bopd.
Producing 17% of all UK onshore oil!
Same as you Mike.
Sonangol wouldn’t even bother testing these wells if they didn’t have high confidence in them. Remember this is Sonangol’s flagship “return to onshore”for Angola project after divesting a ton of offshore assets (AET took some)..
They’ll release data when they release data .. I’m sure it won’t be too much longer.
Cash runway until mid 25..
Strengthens balance sheet ahead of working further towards commercial deals.
“The net proceeds of the Fundraising, along with the Company's existing cash resources, are expected to be utilised to establish the commercial proof of concept of the Company's LungLB® test”
You can still buy less than the fund raise..
Yes, they’ve had (well covered) issues but still making decent cash
Crazy isn’t it. sadly we may aswell ignore it
“ The U.S. fracking revolution has caused natural gas prices to drop 47 percent compared to what the price would have been prior to the fracking revolution”
Higher than here Adam 😀
I guess a lot depends on wider market. There’s not been much appetite for risk this last 12 / 18 month. But derisking this with a funding partner might set people thinking again, and realising the scale of what’s on offer
With summer arriving and usa looking to reduce interest rates (Fed last night) quite possible UK nay follow the lead with a small one this year to try stimulate some growth. Inflation down as per yesterday news.
Results might be baked in down here hence director buys.
“Therefore, in terms of the full year ending 3 February 2024, we now estimate profit before tax and adjusted items will be between GBP915m and GBP935m.”
Looking much better after Fed comments on a couple interest rate reductions this year.
The GDX is way below the high of 2012 when Gold hit $1800. It’s still decently below the high when Gold hit $2000 in 2020 .. granted these are different times with inflation and dollar strength, higher costs for miners. But, Gold miners within this index will be reporting far higher numbers in 6 to 12 month if Gold price stays up here or higher. Good medium term to long term place for some cash.