Member Info for takeachance1

The quantity of the first shipment last year was announced on the 31st of March

It all depends on how you view last years dividend payout calc, based on the Ebidta or the mkt cap. If againts the mkt cap then the 4.62p ($0.062) dividend last year was equivalent to 3.5% of the makt cap (June 2017). Based on last years calc, if they were to give 50p dividend this year (3.5%) then mkt cap would be approx £14 per share.

The question is (i know we’re not selling), how much would one value a company (debt free) turning over $18 with a net back of $12m (based on last shipment 70% net back)? I have calculated $18m based on one tanker shipment. If from the two shipments the total net back is $24m then that would double its value. If im being optimistic and go with 10% return, then based on the first shipment we could see our valuation at $240m and $360 for two shipments. Happy days for all.

We could be selling at around $75 per barrel (incl premium) based on the current oil price. If we produce anything like last years first shipment or close enough then i calculate the proceeds at approx $18m. Thats 1.5 times our current market cap.

blue day but blimey, 18% is some spread!

to attract sells. That goes to show not much float around.

Wideyed, I think you are confusing yourself between gregpeck7 and gregpecker, i believe them to be two different posters.

tax year starts tomorrow so could see buyers capitalising on the ISA’s. Hopefully the volume can push the sp up before the real news arrives.

I think the next news will be on the shipment. Hopefully touching 300k barrels.

Someone please try and make me understand why, the market cap is only $13.7m (£9.7m) when net proceeds in 2016 were approx $16m (240k barrels @ $31 and 189k barrels @ $45) and the prospects this year is even brighter?

Last year they announced the first shipment news (quantity) on 30/03/2017. Also we got a net back of $45 per barrel against the sell price of $62 per barrel in Oct 17, thats 72% net proceeds.

heading north again, $68+ again and hopefully up

Sanctions?! What ever and the extent they are, the countries imposing them won’t stop buying Oil, Gas, Coal from Russia. Minimal impact. Infact, if roubles depreciates then even better, they pay wages in roubles and sell oil in dollars!

Just read your post on Advfn. I’m surprised after being in the know how on the potential of the company that you would be happy to bail out at £3. I personally think and the potential speaks for itself that the sp can/will go well beyond £3, if we head towards or north of £2 before any news then i can see this in double digits (£10+) post news. I invite to be corrected. As always dyor.

It was placed by a friend I introduced to uen

Buys coming in at 96p-97p yet an order placed before 9am for 22k+ at 99p not yet filled.

Still a large spread, the mm’s are still looking for sellers.

placed for 7k+ shares @1.26 has been Rejected. So given the large spread and failing to fill orders goes a long way to say there isn’t much free float or next to nothing. Happy days! Gla

For Uen, 300m mkt cap would take the sp to approx £23, wow that would be fantastic.

Never mind after 2, i won’t be surprised if this 10 bags before end of the year, or better still, when the news drops.