Member Info for Tobin

And OCP /Moroccan government are keen to expand out of just supplying phosphate but into compound fertilizers, so they need KCL, and the proposal to develop SOP is because they feel they can sell SOP to be compounded for specialty fertilizers.
But OCP doesn't seem to be biting.

NV to end of June 2865p, with the rally in the US tech I think I was hoping for more, but looks like it has more followed the broader market. Still has a nice fat discount.

Thanks GK for the link. Trigg Mining, TMG is a very early play, very low cap , less than A$6million. But its main lake is very well placed and I think could be re-rate as it is seen that these salt lake plays can make money quickly as SLP rolls out.

I spend most of my time on TXP, touchstone exploration. I was dragged there from this board by a post and glad I did. SP is covered and some by the cash that will flow out of cascadura, a huge gas well they hit. The up side on other targets is huge.
advfn is probably better for info.

Its a good report. To say it is on the conservative side... they have priced in Royston, the target that PB named after his father, at 3.8p/share. Chinook at 1.6p/share, nothing for cascadura deep, nothing for the other 11 targets PB mentioned.
So £10million for the rest of the block. My assessment is somewhat higher!

Plan for 100mcfd, 2500bpd fluids.
How much profits after governments share? $200k/d, $70million/year?
PB says they have 11 more targets after present drill program

Message to self. I bought more last week and bought more today. I wish I had bought more at 23p. But I think I will regret not buying more now even at 40p more. Last time I was as confident about a share was pantheon international. And I ended up holding for over 10years.
Hopefully history will repeat itself.

Hi CS, nice piece of work. Thanks GK for posting. The fact he has I would take as a vote of confidence; I always found his analysis work very good.
I will mention Trigg Mining, any thoughts on that?

Thanks for the link. My understanding is that the estimates of production rates from cascaduara as per the test results of 6,200-7,760 boe/d net was based on that one well, but as it is unbounded we will need a 2nd well to know its potential. Certainly PB has stated in his opinion TXP will need a second well to drain it in a reasonable time frame over the next decade or so.
How much we get from having 2 wells we will not know. We may start seeing reduced flow. Danawinner did a "wet finger in the air" valuation yesterday on advfn and used a 150% for 2 wells, to be conservative. But you get the idea, 2 wells, more money faster.
TXP will potentially have a second well by October unless Cascadura Deep "unfortunately" hits oil/gas. (If it doesnt have a strike the well should be able to drain Cascadura. In which case another well will probably need to be drilled for Cascadura.
Unless Cascadura and Cascadura deep are connected. Unlikely, but if they are its going to be a BIG reservoir.

Buffetts purchase is of a pipeline company, on a 10% yield. Realistically even if there is a huge increase in renewable there is a good chance that natural gas will be around for a long while, and pipelines can always pipe hydrogen!

GK, if it is your work, do you want to look at Trigg mining? Very early, and very low cap. I suspect that when SLP start producing and institutions start seeing money coming in then there will be a de-risking and re-rating for the sector; and small start-ups like Trigg will find it much easier to find funding. SP will re-rate more.

Hi GK,
long time, no see! I recall I followed you to SLP from SXX a couple of years ago.
Is the research blog your work?
The quality and honesty looks similar.

re seismic data. I suspect detailed seismic data, 3D, will have to wait until the road to Royston is built. In one of the interviews the geologist thought that there maybe 4-5 targets along that road. And PB has said that the road will happen after the rainy season. So probably April/May next year.
That is when the wall of cash will be coming, and something to spend it on.

I wouldnt be expecting too much from the RNS, the independent report on Cascadura is awaited. How big Cascadura is, is a mater of some conjecture. PB has pointed to Carapal ridge. It seems he has the opinion that the geology is similar. But any independent expert is likely to err on the side of caution and be quite conservative.
But time and a further drilling will show if the optimists are right.

the 45,000 covid deaths are those with a diagnosis of coid. Doesn't mean they wouldn't have died anyway, but doesn't include those who died of covid without a positive diagnosis, and in the nursing homes that has been a lot of people. Nor does it include the deaths that occurred that probably wouldnt if the health care system was working as normal. The total excess deaths are over 60,000.
This is far less that would have happened if the UK followed the original plan of letting herd immunity develop. Herd immunity needs 40million+ of our 60million population to be infected. So far it is 6-7million. It may be that herd immunity occurs at a lower level, 43% has been mentioned in on e study in recent days. But it maybe that immunity doesnt last either. And there has never been an effective vaccine for any coronavirus ever. And it may yet mutate.
We live in uncertain times.

North have been sellers, yes , but they were the biggest shareholders in TXP, and probably still are and bought more as part of the private placing. TXP represents a very large part of their portfolio, 23% at the end of quarter 1, so yes they have been selling but it looks more like a re-balancing. They make no comment of selling out etc in their quarterly report.
file:///C:/Users/John/Downloads/en_NE%20Interim%20report%20Q1%202020%20(3).pdf

Lazarus/JTD please remember less is more on BBs, otherwise pearls are lost in the s..t

Looks like a lot of sells. The new CEO being ex SXX? I know it has influenced me to to take profit and lighten my position. Though I think it is the lack of clarity on funding that concerns me more.
It appears that something is spooking investors. Probably not the place to express these thoughts,BB can be very one sided!

Posts all too often not relevant to the BB.
So trying to make a relevant post before I get kicked off, is there an way we can hear if Chinook has hit something before an RNS??

Indeed and that was from the end of May. Markets in the US are up 10%+ since then.

They are spending a lot of cash paying for process plant, but it sounds like debt funding announcement is coming soon. The hope/expectation is that once they are producing SOP and cash is coming in then development of further lakes will not require further dilution.
https://www.youtube.com/watch?v=2k3_ZI5B708