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@ 17:04 was either a post fired from the hip or one designed to misdirect.
My present exercise is to determine: (a) if a resettlement action plan is underway for either Kakamega district or the Ramula camp. [There have been two of them in recent times via the African Development Bank supported by the IMF. Owing to rural population density Bushi/Isulu proposals may suffer headwinds. The pastoral nature of Ramula should encounter less resistance. Either way Ruto and cronies will have to mean business if they want to develop a gold mining industry.] and
(b) a preference to hear EZ he plans to see it through the next WK phase. (He has exhibited great energy crisscrossing Kenya and Tanz. I am not confident that a peer can be found unless he comes from an Australian or S African mining house.]
(b)
Intriguing and achievable with peak flood months' assistance
https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos
although we have had a few zeroes this month.
"dividend discussion" - Yes, I hope it is much more than a discussion. Retail investors with their short termism are doing a lot of damage to profile. Attract more funds/institutions with a meaningful dividend (bullion spot price permitting) and get some SP consistency.
My recollection is the pubman produced reams of vitriol on SHG and today extolls its virtues.
For our future prosperity and investment wellbeing the company must remain in safe hands: i) the Lihranda corridor has pockets of rich mineralisation, incl. Ag, Cu and Zn; ii) Singida has pronounced Cu and Te elements. Tellurium will be increasingly sought after in terms of global solar panel requirements.
(Am mildly disappointed that Mark Bristow is throwing $8+m at the Eastern Desert and not focusing attention on proven Au deposits in WK. We need a partner up there.)
A) Generally, because of 23 years' experience with a growth fund, I look out for greater fund participation. It has not yet quite met expectations although the trend is up i.r.o. that category (currently 77m). In today's depressed market clients will be looking out for returns.
https://www.morningstar.com/stocks/xlon/ptal/ownership
b) Unfortunately ALL Loretans will be chasing the 2.5% fund expecting it to be circulated ten or more times rather than once. It would be interesting to see how Manolo handles it as the fund was to be confined to the local community.
c) Leading on from the above it is noted a blockade has been set up outside Saramuro on the Maranon (all of it to join the dollar grab) making the ONP a bigger white elephant than ever .
d) Becoming a LTH is a personal choice. Whether the SP reaches Malcy's near-term forecast is an unknown. But an occasional bonus dividend is a reasonable expectation. Others can calculate the eye-watering returns on 17k bpd minimum @ $80+.
Https://money.tmx.com/en/quote/TAL
Should be a fair wind in the sails tomorrow.
July production doing okay.
https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos
Rio Negro/Manaus level losing 2 - 4 cm daily which is normal from July onwards.
https://www.portodemanaus.com.br/?pagina=nivel-do-rio-negro-hoje
(start again/faulty keyboard) Predicting SP and advocating how Manolo should proceed on buybacks, etc is crackers. No one knows how El Niño/La Niña will behave over the next few months. It is one reason why guidance numbers will remain modest.
upper Ucayali's minimum recorded depth is ~1.4 m which still allows some movement downstream during dry season . . . perhaps permitting smaller 6k barrel barges. Accordingly introduction of dredgers between Bretana/Manaus to tackle sandbars is likely.
I expect guidance for 2023 will be exceeded by some distance.
. . . and Bill Browden. Highly illuminating.
https://www.youtube.com/watch?v=31n65G2KI4k
What effects on Russia's mining production output ?
Https://diariolaregion.com/mef-lote-95-es-clave-para-la-economia/
https://diariolaregion.com/loreto-dejo-de-recibir-casi-s-35-millones-de-canon-por-bloqueos-y-paros/
Lima and Talara must surely be warming to Manolo's immense leadership qualities and prominence, plus PTAL's massive future contribution to the economy. I keenly await field developments and 107's exploratory drill probe(s) where Constitucion/Osheki cold be next followed by a favourable decision on #8.
Https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos
Figures are in at last.
Https://diariolaregion.com/comite-inicial-instalado-se-presento-en-bretana/
AIDECOBAP (Perez) absent from meeting.
July 1 is a crucial date in Puinahua (Lot 95) and Trompeteros (Lot 8). Successfully negotiated relations might finally overcome community logjams although Perez and Ruiz are unlikely to disappear without financial incentives (or other) from the scene. Both are piranhas lying in ambush on the Ucayali.
Petroperu and Lima are key participants with Manolo playing a role in future developments. Holders will not have overlooked the quiet addendums provided in the latest presentation. Pages 2 and 12 illustrate progression of ideas/development crossing into Bayovar, Ecuador, and Pucallpa, Lot 107, in the south. Also development of Iquitos and Pucallpa refineries were inked in last week.
https://petrotal-corp.com/wp-content/uploads/2023/06/PetroTal-IP-June-20-2023-Final-Version.pdf
Bretaña @ 6,000 ha is a big field. Its footprint extends >110 km. New leads are being added to the map annually. Osheki/Constitucion (#107) and perhaps Trompeteros (#8) later down the track are worth the wait. Bretaña has the potential to have IP rates - up to 10,000 bopd - similar to the Saudi fields.
I also like the idea of headquarters being located in Houston, Tx.
Https://www.srk.com/en/consultants/james-siddorn
Rather than my amateur beliefs we could do with someone like the above to offer an opinion on reef characteristics at Isulu, Ramula, Luika/BC North, Gold Tree, etc. I note he has been busy up at Sukari.
On the other hand drilling assays in the next six months should be enough to confirm if the company is en route to a 3+m oz resource across three sites.
Great expectations here. There are a couple of quiet pointers without any EZ fanfare: (a) a nudge on WK Au estimates; (b) NLGM UG probes to greater depth and ElizabethHill doing likewise; (c) Masumbi, Dhene and Bondo to the west of Ramula are very real targets for Au and Cu.
Request - EZ, can you postpone your departure for another year ?