The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Soko news is April - fact
Can't see it being 8 weeks - Could relist whilst phase 3 ongoing . Depends on their financial position . Would need to raise money to finance operations if phase three going through .- Personally think its 50/050 wether phase three will .
I am joking . So please don't be offended
All this talk of Texas just being gas and it consequently being worth 50 or 25% of value if oil is WRONG. I know that for a fact . Why are people taking it as a given . Phase one and two are currently worth around $100m for an input of around $11m. Phase 3 is not certain to go through- if however it does it will only enhance the value . If it doesn't go through RTO will still go ahead . It's also important to remember that all this- DD and exploration costs must be paid for somehow . Money doesn't grow on trees . If the circa 2p figure is based on thinking - erroneously I might add - that it's gas and worth only 25% then imagine real figures . Mondays seem to be the day when RNSs here are released chaps, Could be tomorrow or any Monday in the next two months . There is nothing stopping them relsiting while phase three is ongoing . Possibly to raise funds . Ps Rich baby - as ever another enthralling post . So so excited about your next one/s.
Some folk who shall be nameless and who apparently do not actually hold this share are claiming not only here but also elsewhere that estimated reserves are mostly gas and not valued as much. This is wrong.- Totally and absoloutely . Check facts people before accepting statements like that
The potential economic value of the above Reserves will, in part, depend on the Company's chosen field development plan and operating strategy which has prepared and is currently being evaluated. Not many people have commented on this part of rns . Will turn out to be important
Reread the second post "NVP in CPR " rubbish That's the one .
Remember 1/ soko $ 10m not guaranteed and i2/ will not be cheap to run Texas operations initially . Nothing is certain . But things looking better than for a while. Hope things get better soon. And here's also hoping you win that bet of ours .
Serves me right someone who shall not be named was talking of sp opening below delisting price a while back . In fact they were quite adamant about it , If anyone is bored enough and sad enough they can trawl back through the posts to verify . Strange how memory problems reappear periodically . Now it's all change !no more below delisting price but an I don't know !! But anyone who has been here a while is familiar with this Houdini like capacity to talk ones way out of predictions . And the convenient memory problem issues . Enough
I feel that things may just get better much better soonish .and oyu may be rewards for your patience It's just my feeling and I have nothing other than my instincts to go on - so not 100% But please please read my two posts tonight - for me a tad serious and definitely not my style - to fully understand . Don't be put off by what others might be claiming. I am glad to say that this serious post business is just a one off. "Time of he month " and all that . So no Worries .
Please please note chaps NPV stated in CPR will vary a great deal as it depends on the specific FIELD DEVELOPMENT PLAN . So if there is massive and very quick drilling then NPV will be stratospheric compared to case scenario of a slow drilling program . So NPV is a very controversial and variable figure . DEPENDS ON FIELD DEVELOPMENT PLAN . Wait for readmission document when all should be revealed . PS anyone who has been here for a while knows that no one is really filtered contrary to what some may say they do . Those who claim to do it are too vain not to read all posts . Please please . Let the fun begin chaps
What do you make of my earlier Christmas post . Not sure if phase three is a given . If not then will help to pay for running costs which will not be cheap . Note the my feed .
I confused you with daggers . Apologies . Don't filter me !!!
Just filter me if not happy .
Just reread my last post about Christmas . Ignore others and don't forget their past histories or records when reading what they say . People have very very convenient memories when it suits them .
Reread my last post about Christmas. I mean REREAD it . Check figures Ignore all else .
My reading of present situation thus far after phase 1&2 chaps . Matra had purchased 11m barrels of absolutely unrisky and very shallow reserves with absurdly low OPEX and CAPEX for less than $10m ( less than $1/barrel of 2P ) . Finally and most importantly due to US market multiples and conditions it is worth more than $ 100m. Surely not - you say . Check the figures yourselves folks .
Will go through after careful DD as in phase one and two- thus far . Assuming no problems after DD phase three twill proceed . If problems then phase three will not - which protects Matra and us shareholders So win win situation
Was a day out . Looking good
Yes I was wrong . I thought relisting would be quicker . Still do can't see this going on till April . Godot has disappeared . A good sign . Usually only communicates when no news .