Member Info for viable

In plain speak A Alshinbayev IS Meridian Capital: he is its founder. Nothing sinister here. More like opportunism.

. . . up to 16/05/23. Levels still being maintained.

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

Manaus river level satisfactory.

https://www.portodemanaus.com.br/?pagina=nivel-do-rio-negro-hoje

I note Tony1 has written on the i3E thread. He makes three points on PTAL:

Amazon dry season

Dredging plans around the Bretana loading bays suggest the company is making provision for laying up when required. Manolo has already described adjustments to shipment/cargoes when required.

May presentation

There has been surprisingly little reaction to the latest May presentation. Rereading it for the third time certainly expanded knowledge on the field. The Iberia/Taoiche extension is enhanced and more impressive than first appreciated. Bretana is no longer a small field.

A possible third delivery conduit via Ecuador deserves some research. Previous experience with SOTE (Amerisur/Platanillo/Colombia) was an unhappy one. Some of the problem lay at the door of a bunch of City amateurs who thought they were oilmen.

Remarkably i3E and PTAL are suffering similar treatment despite being profitable enterprises with dividend policies. (i3Eis victim to the shorters.)

Https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

and 21.35m trades on TSX yesterday.

https://money.tmx.com/en/quote/TAL/trade-history

plus heavy buybacks (?) 4.00pm @ 75c. Anonymous buyer via GoldmanSachs unless an insti is the culprit. See p.4. Rerate in progress (?).

https://www.youtube.com/watch?v=SmBSZTeng30

I notice someone on ADVFN is throwing in a diversion on water levels.
My bigger concern is additional, inexperienced barge masters.
Some have made clear the essential skill of Amazon knowledge.
The oxbows are no joke. See link above.
Water levels at Manaus are still rising. See:

https://www.portodemanaus.com.br/?pagina=nivel-do-rio-negro-hoje

sic. "March total (31/03/23 outstanding /yet to come) clearly a record month"
APRIL clearly a record month.

Correction: Oops, should have read "April". Dim.
Clarification: "shipments" are APRIL aggregate from the three jetties on the Ucayali.
All of which go down to Iquitos and Manaus.
Am assuming Saramuro is a dead duck for the present although there were noises about barging farther to the west for onward ONP transmission.

If anyone has a crystal ball can they enlighten me on future trends. March total (31/03/23 outstanding /yet to come) clearly a record month. Undecided about adding owing to age but have opened another a/c (son). Could have/should have gone in heavily @ 14p but didn't do so. Likelihood that #95 is going to get bigger with southern extensions plus Osheki/ Constitucion add on.

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

https://www.flickr.com/photos/8270787@N07/2835566019

After punching holes in MV Antipolis and a couple of other ageing tankers in Duncan drydock I reluctantly reduced holding a few months ago. Ignoring the obvious was too high a risk. Recovery shortly.

@ 09:30 Have previously aired my views on WK constraints/factors but might be wrong. Best to await developments.

Also yesterday's comments on Lihranda clearly indicated the writer knew little or nothing on history, i.e. before and up to Acacia/Barrick imbroglio. I suggest reference to Rosterman/Kakamega and historical fringe activity in counties to the south and west of Bushi/Isulu before shooting from the hip.

Yuri D is one of very few who knows the minutiae, and he has been on board for ~20 years. He has all the facts on the corridor.

https://www.lse.co.uk/rns/SHG/west-kenya-resource-announcement-ldo6p2rukkm1pro.html
https://www.lse.co.uk/rns/SHG/west-kenya-project-resource-update-ay3tpo75lnlrvm6.html

And the following would have done the rounds in Cape Town:

https://shantagold.com/_resources/Isulu-Bush-Resource-Conversion-Year-End-2022.pdf

What planning Ruto and the mining minerals department will be doing in Nairobi remains a mystery.

Notes
a) Absolute garbage on the bb
b) Bushi/Isulu, Ramula camps to be inundated (flooding) over next 7 days
c) GoldTree and Jem likely to produce bigger yields than 2023 guidance
d) EZ's "opportunities" outside Kenya/Tanz may include thoughts on Busia, Uganda - https://busiagoldmine.com/en
and GreatDyke, Zim - https://earthobservatory.nasa.gov/images/46341/great-dyke-of-zimbabwe
I would welcome both sites.

Plea to can all current nonsense which is of no help.

@ 09:23 - Whilst it took longer than expected I anticipate the Kakamega dome area developing along similar lines to the Kabompo dome (AAL/ARCM JV announced today). I seldom add anything to that bb although holding a fair-sized chunk of stock.

It would be a surprise if WK was not part of private conversation with Jhb miners at the CT indaba.

If river fleet is now ~50 barges it is an impressive coup completed in quick time.

Various unspoken thoughts included some joint deal with #192 but I see another Canadian outfit has teamed up with PetroPeru. I look forward to an update on #95 (southern extension) anticipating fresh 3D seismic . . . could be an eye opener.

Any comments on offer re Constitucion/Osheki #107 developments ? And would Manolo be interested in any other parcels to be offered ?

LL - I seem to recall you from 5+ years ago but can't remember if it was SOLG or a.n.other. Seeing the debt "melt away" (a la EZ) would be very welcome. Magufuli policies in Tanz were a hindrance and a few more initiatives from Mama Samia would be a help.

Does anyone know if the rash of trades printed @ 13p this afternoon were all sells (allegedly) ?

Steady on with the hype. There are obstacles, one of which I haven't looked into.

Nairobi is (or has been) making claims on historic taxes owed. Some of it might apply to VAT waiver but probably goes back to Acacia/Barrick days. The country is 'bankrot' and is looking for $bns bailout. Ruto et al. continue to push for foreign mining investment failing to give guarantees, etc. This is Africa.

Unexpected barriers/hurdles here.
Can ride it for a year.
And thanks to the guy who drew my attention to i3E last year.
Still unsure re AXL.
Upbeat on PTAL.

So much short termism here. Whereas I see Singida and NewLuika developing along the lines of Odendaalsrus/Welkom. There is a lot of untested ground towards Mbangala, Ngozi Lake and around Mang'onyi.

West Kenya will proceed as expected whilst jumping through the hoops.

Perhaps EZ could do with a big hitter joining the board.

Noted. Three points:

a) have been unable to decide if the company is contractually obligated to feed Saramuro refurbished pump station when ONP functions
b) how many barges are now on the river
c) if the pipeline enables increased daily shipments

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

Mildly surprised over SP flatulence.
Output now well over double CNPC.
Lot 95 southerly footprint in the Vivian could be exceptional.
Can't see any Contitucion initiative this year.
Sturm, your 25k projection noted.

@ 19:25 Thurs - Perhaps slightly unjust. There are handful of good writers on the bbs. Merely a matter of following the coherent/literate contributors.

West Kenya
As previously stated my bias on eventual success is largely fascination following lengthy conversation at Ngong many years ago. Rosterman/Kakamega was the focal point. MauMau put an end to it. The resource remained.

Ruto must first restructure the mining sector before swanning around Paris and elsewhere before courting the mining houses. And Yuri D is possibly the single authority who is qualified to evaluate the extensive acreage.

Local demographics and community resettlement are a stumbling block. The issue was mostly insignificant in Tanz because NewLuika and Singida perimeters/exclusion zones were established well in advance.

Past/present tense
Wandering around Commissioner Street (and later Sandton) enabled knowledge accumulation.

Anyone with spare time over the weekend could usefully examine the Kabompo Dome (Zam) and the Great Dyke (Zim). The first relates to a likely ARCM/AAL union this month. (Peruvian expenditure may have a bearing on outcome.) The second concerns THS expansion together with development in the Bushveld. (I have a high regard for the SA management team.)