Member Info for viable

For a guy who isn't sitting in Sandton, Jhb, Lucky is on the right track. He has examined SA Treasury, Eskom, PIC and the rest. Give him credit and don't do any buying until the worm turns on the JSE. It's still on the slide.

@ 10:57 - "2 days to move the rig"

Hang on a tick. In my day rigs took nearly 12 hours to clear the horizon, admittedly fighting the Benguela current.
Buffalo-10 site must be over 300 km distance from Skua or have I got that wrong.

@ 07.18 - Not surprised or dismayed. This is the way it goes with short-termism investors. As long as the instis keep buying it theoretically eliminates a few of the here-today-gone-tomorrow brigade. I now have a fair number of PTAL and a.n.other which is now lifting its divi. If Manuel reintroduces the factor I'll hang in for the time it takes to nearly double production.

With the latest information it would seem that Bretaña covering 1.3m acres is steadily becoming a bigger play than anticipated both to the north across/under the Ucayali and with southern exploration. Perhaps farming out (joint) the Constitucion prospect is understandable.

OPEC measures may affect Brent levels but it seems logical they would wish to maintain a circa$65 price minimum. That's okay.

A few funds and instis got cold feet leading up to and following the election but have now re-engaged.

https://www.oedigital.com/news/490317-carnarvon-hires-valaris-jack-up-rig-for-buffalo-well-in-timor-sea

On 02/09/21 Valaris JU-107 rig "is expected to be completing those operations in around 8 to 10 weeks time" . . . which suggests it will be moving out of Skua not later than 10/11/21.

A big Q4 ahead for JSE on several fronts.
Is at least one more acquisition in the pipeline?

https://www.vesselfinder.com/vessels/VALARIS-107-IMO-8768672-MMSI-636012638

Trailing behind but catching up with the pack.
Updates are much appreciated.
Only two orders placed thus far but will be adding.
A sound outfit reinforced by a rising Brent price.
JSE is still below the radar.

http://www.coppernews.io/2021/09/14/moodys-report-claims-outlook-for-metals-prices-to-soften-in-2022-miningfeeds/

I wasn't anticipating the above.
Eleven long years in SOLG.
It was not the best decision.

@ 21:04 - I was and remain a Brexiteer.
Never happy with Boris though.

Having limited knowledge on the Cook Strait and MBIE I can only continue to wade through inherent complexities. They include the Tui saga which is now into the next phase of decommissioning.

Presumably it has implications at some point for JSE but I have taken it for granted that Blakeley has plugging and general clearing up fully covered when Maari reaches end of life. If so, it is difficult to fathom what the foot-dragging in Auckland is about.

The 11:31 post was a shock in that I was unaware of the depth of PIC involvement. There's a big history there for those who care to examine it. Someone also added a reference to ESKOM (another disaster). The bottom line here is the exchequer is bust.

I therefore steer clear of TGA and confine investment to DRX.

@ 12:25 - SP could pass 80p this afternoon.
79p to buy, 79.2p to sell

Hang on a minute. I answered "No". But I worked in the country for 30 years.
NOT saying there are any current threats although make no mistake there are disputes/disruptions every day of the week in Mpumalanga. My isiZulu and Xhosa might be poor but am fluent in Afrikaans.

No, but I keep a daily check on SA because of ~R3m invested there.
Advisory - Follow https://www.dailymaverick.co.za/
Also the Afrikaans Sunday newspaper/business Rapport -
https://www.netwerk24.com/za/rapport
I also skype contacts each week checking on ANC and Cyril Ramaphosa soundbites, plus COSATU.

https://www.thungela.com/investors/share-price

Considering buying but watching the Jhb ticker.
Trying to determine extent of any mine unrest.

Pleased to note a delayed 500k buy @ 21p.
Important that the instis continue loading . . . and holding.

https://www.bbc.co.uk/news/business-58579829

Report one hour ago.
SoR - I would prefer to leave CH unused for as long as possible (?Jan).
In view of looming outages it's time to buy a powerpoint battery for the laptop.

Will be leaving PTAL holding intact.
Concentrating on a handful of other established companies.
Contemplating L2 platform as the p/f is increasing quite significantly.
Does anyone here use it and also how satisfactory?

First order placed which will enable me to chime in on conversation.

@ 20:55 - Yes, DRX it is. I may take a punt on TGA later but being in touch almost daily with CT/Durbs/Jhb leaves me apprehensive on the SA scene. Better to deal with the devil you know.

@ 18:32 - tedmak, I am assessing the subject right now, including TGA. In something of a quandary in terms of selection. Currently holding half-a-dozen very good stocks which should not be tampered with . . . shall make up my mind come the morning.

https://www.theguardian.com/business/2021/sep/15/fire-shuts-one-of-uk-most-important-power-cables-in-midst-of-supply-crunch

Haven't been in DRX for quite some time.
Looking out for your comments.
Cold winter ahead of us?

". . . UK is also more likely to rely on running its last remaining coal plants".

Took up some more stock, anticipating Brent circa$80.