I’ll be the first to admit I don’t expect much revenue from Zoetic or Chill at this stage. I trust Nick knows what he’s doing though and expect this to grow rapidly within the next 6 months.
Thanks for taking the time to work out our monthly revenue JJAL. My estimates were way out. So do you agree that if we sell, with similar terms to royalty sales, 60 months at say £100,000, we’d be asking around £6 million?
D14, you throw enough s h i t and some will stick. What you reckon ED is giving us p/m JJAL? And don't you think a potential buyer will know the 16 other wells will be brought online when POO rises?
Interesting, thanks Spear. Is that a reference to the whole portfolio though? WD, Uranium, Helius, DTU, Empathy.... are worthless I agree, but ED I believe is valuable.
JJAL, it is not a fire sale remember. What might the interest be on the loan, 5% max? No real urgency to pay that back surely. What would you personally want for the asset bearing in mind you'd have a return close to £1million within 3 months of the purchase and the potential to own further wells that could add 75% to that figure?
You might well be right Cash, who knows? That would equate to approximately 4 months revenue. What I don't know, and would appreciate any opinions on, what are we actually selling, our 7.5% contract with True Oil?
Nick Tulloch, CEO of Zoetic, formerly Highlands Natural Resources, heads one of the few U.K. companies currently listed on the London Markets. He says these concerns and ‘confusion’ around regulations, are making conservative, institutional investors wary of the sector........