The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That's a serious delay .. . . a) Halifax are generally the slowest; b) Hal also shelter behind swingeing CREST settlement charges taking nearly 35p in the £ (including Canadian withholding tax); c) objection/resistance has got me nowhere although I may have another go.
Guillermo Florez reinforced Manolo's earlier statement. When allied to the November presentation - in itself a remarkable near-term development programme - scope for expansion is infinite.
The Q4 update will be immense. Further details on the L2 platform and western extension is eagerly awaited. The latest aerial visual (-5.2441935,-74.3293839) is a big improvement on previous pix
A waiting game at present. Have nothing to contribute. Was slightly miffed to see Micromine fall by the wayside on modelling . . . and equally Digmin/Bamboo. Know little or nothing on Ostrich drillers who are relatively new in Tanz. Plus I don't know if Capital remain our choice in WK.
Progress report keenly awaited.
Https://www.actualidadambiental.pe/comunidad-indigena-de-loreto-pierde-cultivos-y-viviendas-debido-a-incremento-del-rio-pisqui/
Whoa . . . steady on with all that rain.
@ 19:35 - Agreed it's a factor, and everything has to be watched. Bear in mind though that Tapiche sector is 50 - 80 km SSE of the Bretaña river site . . . so it's not in the frame at present. I think the Zapote and Iberia leads, depending on barge suitablility in the tributaries, will be first candidates.
Remarkable catchup at Puc. Heavy downpours tonight and tomorrow. https://www.dhn.mil.pe/shnaNEW/histogramas_shna/archivos/Pucallpa.pdf
@ 17:55 - Could be right. SEDI reflects the issuer name as Petrotal throughout on listed (+) entries. And there are no comments yet on Canadian bbs.
Now mystified. See https://ceo.ca/insiders/petrotal-corp and click on "SEDI TAL" last line.
Any suggestions welcomed. "38 - Redemption, retraction, cancellation, repurchase" ???
Getting battered over two days. What a surprise, not. PTAL gets a good kicking when it goes ex div. Remember for next time.
I note a latest fair valuation = C$3.78 . . . it's akin to Au fantasy which has been sent >$2,500. Walter Mitty-land.
Having once been a velskoen ou it's a long time since I ran around the Kimberley mine perimeter and the largest tailings dump when in town . . . of truly massive dimensions. If indeed we have a superpit kimberlite, finding unoccupied ground is going to create a problem or three unless spoil/rock can be carted a long way to avoid heavy resettlement costs.
. . . still have a preference for Eric to remain as head honcho despite travel fatigue. However, what be must be.
Satisfying update. There was a time when a new drill would stimulate buying activity. Would be interested to hear how rig transfer was accomplished from a congested 12 hectare site. Equally an aerial visual (video) of new LP2 setup and western extension together with Providencia barge pilot test would be handy.
I note from Manolo's comments that he is well aware of constraints arising from a single field operation and the need to get a second project off the ground. Whether it be on the back of a GTE option (not desirable in my view) or elsewhere remains to be seen in 2024.
(Another price dip helps my add-on plan and reinvestment instruction.)
I note the satellite has made another pass which shows current aerial features. See visual
https://www.google.co.uk/maps/place/Singida+Gold+Mine+(SHANTA)/@-5.2413054,35.0052551,301m/data=!3m1!1e3!4m6!3m5!1s0x184b63961bd351b1:0x2fc31cca269f2b0a!8m2!3d-5.24296!4d35.0085166!16s%2Fg%2F11swl7q5yt?entry=ttu
Perhaps I have been overoptimistic on the possibility of Singida being a superpit unless it is a kimberlitic outlier. Although adjacent the 54 known pipes mapped in 1962 are located W and N of the mine.
W Kenya - Mark Bristow may well be toying with the idea of returning to the area. His background is more suited to the Xhosa and Zulu but he will be aware that the Nandi, etc around Kakamega are likely to be a thorny issue. Offhand I'd say Shanta is capable of going it alone with an open pit at Ramula.
. . . until 11/11
https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos
5.12 m @ Pucallpa and 4.9 m @ Iquitos
As another route (Yurimaguas) will come into the frame next year add link https://www.dhn.mil.pe/shnaNEW/histogramas_shna/archivos/Yurimaguas.pdf to the browser.
OCP Amazonas terminal, Sucumbios province, had new pumps installed for AMER's Platanillo product in 2019. The station had ample spare capacity. (The pipeline, however, had a few spills to contend with.) News on shipments will be close. The route via Iquitos to Providencia is becoming navigable again.
My brethren with the spears, plus James Perez, are stirring up the sh at Saramuro #5. Just as well ONP is suspended although six gang members cutting the pipe have been put away.
Hoping/looking for more instis to climb aboad.
@ 13:34 Yes, I believed it was so. Having pinned i3E and PTAL to the mainmast, focus has been transferred to my backyard in Africa (ARCM, SHG, THS). Generally AIM is in the donga and it's going to take time to get through it.
I keep an open mind on effects:
"Share capital reduction, commonly referred to as share buybacks, is the process of reducing a company’s shareholder equity through the cancellation and repurchasing of shares. Equity held by shareholders refers to the sum that a company’s founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated. This also accounts for reinvestments since the establishment of share capital.
You may choose to reduce your share capital for various reasons. A corporation may reduce its capital as a result of a drop in operating profits. Revenue loss that cannot be compensated in predicted future profits could also result in a reduction.
It could boost shareholder value and help create a more effective capital structure. A company’s share is proportionately reduced after a reduction. Share capital reduction does not affect the company’s market value. However, it leads to a decrease in the number of shares that are outstanding and tradable."