Member Info for Tornadotony

I am sure it has come to the attention of the Mexican Government who are in desperate need of cash. Fresnillo has a lot of stakeholders and investors are not the only one's. Its something to bear in mind.

Nickel

It is seriously overbought on the daily and weekly. The company as you well know has a lot of debt to sort out. The rise to $19 silver won't last long. It only becomes a monster as you put if silver remains at the higher price as we head into a serious recession in most parts of the world. Good luck with £15 a share as someone who thought it was worth only £4 or so when it was £5.50

Good luck holders. I have done well here. Decided to be grateful on my luck on this one.

120p for buy where it was 12 months ago has to hold.

Dope a rope

Member since 11 June and only posted on Tullow board. One of our existing filtered lot as they waste everybody's time.

Now filtered.

If Tullow believes the AGM voting process is being manipulated by irregular share movements they can issue and RNS after the AGM and have the matter investigated. This kind of activity has occurred with other company AGMs before a key vote. I very much doubt if this is caused by a retail investor.

Jmax I agree with you before interceded.

I agree.

The add on of 1 million barrels of oil a day by Saudi Arabia from August 2020 is all for internal increased demand and none is for export. The supply of 1 Million barrels a day from Libya also remains cut off as the blockade has reappeared. The addition of 1 Million barrels a day is against a back drop of 6-7 Million barrels a day of demand coming back on line. The aim is to have a 5 million draw down on global stocks. A significant demand volume has yet to return and a proportion of it may have been delayed in specific parts of USA. There is also an overhang of OPEC cuts from those who had not cut as much as they promised from May to July and making their contribution of cuts in August. Overall oil should remain reasonably stable.

We should here something soon. Like this month.

BTB

I agree with how you see it. The downside with AAZ is the spread plus stamp, the plus side is it will pay me a divi to cover most of the spread. I still hold my SHG and small amount of Fresnillo. The idea was to have more dry powder.

Tony

Took the profits. I will wish everyone here all the best. If it dips back I may have another go. My own confidence of metal commodity prices remaining high is waning.

When comparing with the past in 2019. Note that the company did a share consolidation of 10 to 1 in August 2019. This arose after a $5M placement. The company did not have an operating licence nor mining licence in the first half of 2019. $500,000 was spent on extending the licence area by 14%. A major investor put $7.25M into the company in June 2020.
A significant amount has been spent on a drilling campaign since August 2019. The company is emerging from just an explorer to eventually a producer. The company also has a CEO and expanded its team. So the 11p value last year in UK currency is not the same company as it is today. Having a licence to mine by itself is extremely important. If Ihave got anything wrong in what I wrote, others please correct me.

Slift (apologies to Tullow readers for being off topic).

Pensana had a 10 shares for 1 consolidation in August 2019. 2.0 Australian became 20. The company had $5M from placements, $7.5M investments, 14% increase in licence area, granted mining licence and operating licence so it is quite different from what it was beforehand.

Broker ratings go back to their model on future oil price. 24 Analysts give a composite mean value of 38.8p. Source marketscreener Tullow.

Still holding a tranche. Fresnillo has done me well this year.

oops Pensana in previous

My request has hopefully been passed on through the relevant paperwork on Uganda.

To Slift You may have seen the ensana RNS this morning (its good).

Neversellshell (NSS for short)

What we do not know is how much if all is sold at $53 per barrel which is the net hedge price. I believe full hedge was sold from early March to early June. The company earned more in Jan and Feb but spent more as well. What might be happening is some oil is sold without a hedge and some sold with it to give some kind of net profit and extend hedge time frame to end of October. The hedge has collars to catch upside if oil rose above $53. The answer to your question overall is yes and look at Slift postings by clicking his name. For each $1 a barrel profit the company makes $2.250,000 per month. They are probably targeting $4 a barrel profit or thereabouts to deliver $110-120M profit.

Just as I hoped. When compared with other mining sites this one is very promising. It will take awhile for the investing community to find out about Pensana. The next big move is some form of broker coverage.