Member Info for Splice

What's up with aucoy, it looks like it dumped 75% yesterday. Haven't been following this much lately.

Can't wait for the 24hr figure. Hoping for 1000+ boe

My wife's boyfriend kept suggesting they go to Africa on a safari trip so I sent them over there. That pacified her for the time being. Marriage is a hell of thing

Could it just be heat from machinery exhausts, who knows

Strapping in, not expecting more raising after this.

Anyone have a sense of the cost / expense comparison of fracking in Alaska Vs US Shale plays? Obviously shale in the US is more more mature and isn't as remote as Alaska.

<800 bad
801-1000 probably commercial
1001-1400 good
1401-2000 great
2000+ we are all rich

Yes I understand decline curves can differ etc etc

Ok I'm in with a 1.04 average now. What can we expect over the coming weeks price wise. My sense is it's not going to be at 94 in a month's time.

Insiders buy for only one reason usually - to make money.

Insiders sell for many reasons - buy house, pay down debt, derisk, retirement, leaving the company, school fees or they think the price is good.

Hard to know the motivation of a sell generally and not as useful info as buys

BBC is all over the internet nowadays

These are very valuable assets. If Nesis is aligned with us (which I *think* he is), we will be ok

I am not saying this is going to happen but sometimes there are transactions done that benefit the board or major shareholders and do not benefit small shareholders. An example of this could be a management buyout or a sale to a party related to the board or major shareholders

Nesis wont sell at a firesale price. The only thing I am concerned about is some kind of related party transaction...

I'm not sure how great the Kinross kupol mine actually is:

Louie Diaz, a Kinross spokesman, downplayed the importance of the mine in the company’s portfolio, writing via email that the Kupol mine was slated to reach its end of life in 2025.

“It is now mining narrower veins and lower grades,” Diaz wrote.

---
It was sold for 340m. Product in 2022 was to be 350k Oz and had 1.185m in proven and probable.

This shows that deals are possible despite sanctions.

The Russian assets are valuable to a Russian domestic buyer because they provide foreign income in USD. This is a very different asset to a foreign company selling products in Russia. It's up to Orcel to find the deal.

Interesting also to consider the cost of refinancing for a solely Kazakh company Vs a Russian operation. I'm thinking a UK listed company with assets in Kazakhstan only would be able to refinance at cheaper rates.

Thanks fp, I'm thinking the buyer of the Russian assets would get the Russian debt as well. A really good opportunity for a Russian company to buy.

Does anyone know exactly how the debt is structured? On the last calls several months ago Maxim Nazimok CFO said they were pushing debt down the capital structure to the Russian assets. Anyone got a summary? This is probably the biggest question in the demerger.

It was the political talk, I'd just had enough and got burnt out. I'm back now because there's actually something to talk about - the kaz demerger.

The chairman Ricardo Orcel will find a way. Just not sure it's going to be easy or fast