Member Info for Tobin

I think there is clear benefit to being a "Green Miner", my daughter is vegetarian, and was very wary of any investments. I persuaded her that leaving the money in the bank was not very green as she didnt know who the bank was lending money too.
After she looked into it, JLP is her only significant investment.
As she invested last year at 5p she now has the problem of what to do with her profits....

RNS NAV 3,521.9p, up 2.1% on the month, though most is FX gain.
This is nearly a 24% discount to NAV, or you buy £3 of stock and you are the partial owner of nearly £4 of underlying.
Even greater if you discount the £200million it has in cash.
As I have said many times before this is too big for a company that has such a long and consistent record of growing NAV, indeed arguably it should trade at a premium.

Makes sense.

I will ask them if I get to an AGM again!
I suspect it is getting valuations in from others, or that was the issue April 2020.

NAV 3275p to new all time high. Difficult year but 10% up on March 2020.
I first looked at Pantheon 20years ago when I was into warrants. I remember McHattie warrant “tip sheet” commenting about how the share price always starts at the bottom left and ends up at the top right.
So it continues, with a few dips and rallies. Buy the dips and buy the wide discounts. Don’t sell if the market panics.

No, concrete doesn’t “dry”, it hardens by chemical reaction.
It will happily harden underwater.

Copper prices have increased significantly and JLP is about to produce significant amounts. How much profit can we be expecting?

New Plant. Only just opened up a few weeks ago.

IG spread bet to share

1barrel=160litres
6barrels=1ton

MJ, .... and the world is changing.
I am sure if oil is found it will be piped. Big oil pipeline and big gas pipeline cross the block, and cross each other between Cascadura/Chinook and Royston, see page 5.
https://www.touchstoneexploration.com/wp-content/uploads/2021/03/March-2021-Corporate-Presentation.pdf
A bigger map just showing the scale of oil/gas infrastructure on the island.
https://ngc.co.tt/wp-content/uploads/pdf/publications/Energy-Map-of-Trinidad-Tobago-2017.pdf

shellguy, with a oil pipeline running across the block I am sure they will not truck it even if it means a little money earlier. ESG and all that.

Likewise. I still have a spread bet position with IG, ungeared now of course. I will transfer the rest to shares.
I have a small position with spreadex, but they haven’t allowed any new positions.
It’s a shame, spread betting if very helpful re capital gains.
I don’t know any one else that does spread betting with TXP.

So why are Sound Energy, who have more of a problem getting there gas out, not looking at this and going with micro lng?

Nico, sorry you missed TXP because it had 3bagged at 30p ; it has more than 10bagged now but it could still 3or 10bag from here. The recent pull back is a “buy on the dip”!
Gas is worth more in Morocco and market cap of prd and sou are attractive.

Jlp is my second investment to TXP, PND third ( sound I am looking at for 4th)
Jlp definitely has legs, has done very well on pgms but huge upside on processing old tailings for copper. First of theses will be coming through this quarter and big ramp up over next 1-2years
Txp still has far to go, delayed drill results and IG issue has pushed down SP but drill results out next few weeks ( had to wait for the only test equipment big enough!)

... when MOU-1 is virtually sitting on the Mahgreb Pipeline.
I don't really understand.
Is there a huge charge for using the pipeline?

So I have a position in PRD, doing nicely. I am surprised to see a "virtual pipeline" proposal when the MOU-1 well sits on the Mahgreb pipeline, but I digress.
Why are sound energy not looking at a "virtual pipeline" concept to get the gas out rather than the micro LNG?
It looks a simpler and cheaper option.

Hi Shurething,
a previous company at this site was looking at using eucalyptus to power the plant and I think even planted a lot of trees for the purpose but there is natural gas from the oil fields and they are going to truck it in in compressed form, a "virtual pipeline". The gas price they are putting in their plans is very very cheap, which is good because you need a lot of energy to pump hot water into the ground; a lot if obviously lost. Seems wasteful but as historically it was often flared off as a waste product.

Has been a while coming but good to see a new all time high. The NAV is up 10% on a year ago so the SP is still lagging, discount wider.