George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
https://inwestycje.pl/gielda/akcjonariusze-serinus-energy-zdecyduja-13-v-o-buy-backu-do-10-akcji/
couple of questions
....doesn;t this just prove they're making too much money to be soaked up by the capital program?
....isn;t this worthy of an RNS?
appreciate your views.
I've topped up at 3.1. this is getting stupid.
Regarding the 1.2% recovered...he said in his presentation that this was very low recovery ie not easy to recover. If they can upgrade their proven reserves once the pumps are proven to increase recovery, that could be another catalyst. Would like them to explicitly state how much is recoverable.
We'll hear nothing but heresay and conjecture until it is frozen (or fails).
If you'd like a flavour of that, jump on the FPP telegram.
Hilarious.
Questions re- valuation.
The 5p per share for the reserves...
...are those just reserves in Romania gas field, or does that include Tunisia oil field.
...is that proven reserves, or does it include a probability of extraction?
....if it's proven...what rights does senx have to the oil fields in Tunisia, and gas in Romania, how big could this be?
.....how are the reserves priced? Assume it's not retail price. So there's potentially 3, 4, 5, 10 x upside when in production?
30 pct depletion per year, which means another well or a 20m gas plant which he said would return 100m. So, very simply , could we conservatively say they need 10m per year capital investment to sustain the 30m per year?
That would still make it a 100m company.
Personally I would say fundamentals support 6p ATM and I'll take out my initial investment at that point. It all sounds promising but you need to grow to keep alive and building a 20m gas plant is no little undertaking. Significant oil in Tunisia is still a big IF.
15p values the company at what?
this would need year in year out earning of what to support that SP?
which would mean a capital project each year of how much to generate those earnings each year, to compensate for the current wells' depletion?
answers to those questions will give the 15p target some credibility.
trading view shows virtually no trading on NASDAQ. does this confirm the rumour than LBPS is not set up on broker sites?
No expert, but it feels better as a shareholder to do it now rather than wait for dilution after the Nasdaq listing. Not sure why people would sell when it's obvious this company needs to raise funds without any serious (or any) revenue yet.