Member Info for Vulcan998

Thanks for the presentation SGD27.

Key take away for me is 10 year mine life used as basis, and £2.6BN free cash flow over life of project - so £260M per annum (average) so conservative valuation at start of production would be 17p.......it could be a lot higher especially if one of the larger companies makes a take over offer.

Of course this is just the current scale of mining and this could be expanded greatly

share price will move when the use numbers and revenue figures start to come through...........still time to buy more!

The fact that the royalty deal is limited to a certain quantity is excellent news - we get the funding now, pay a sensible amount for it, do not pay royalty for ever (as we will have cash to invest once production starts and will not need funding)

Sounds a good deal.

thanks - probably means they have turned off AIS as they are moored. The ship I was seeing on the app was the last data point it had from c 5days ago so my mistake.....

will keep an eye on it when it moves again

thanks - seems to be in the wrong place and heading north........will keep an eye on it as perhaps it needs to do another pickup from a different miner

unfortunately cannot see the name.....

I have tried using a ship tracker online to find the transfer ship but cannot see it currently......anyone else had any luck?

think I will enjoy holding this share

dip allowed a good price.......

I suspect we will get interim results soon - they will be interesting BUT, as the reporting period closed some months ago will probably be "disappointing" for some who think this will already be making lots of money - that will be another buying opportunity

then a raft of good news will come

particularly like their large holdings in Tesla and Amazon and do not want to have another account to allow me to trade US stocks

Tesla gigafactory in China is ahead of schedule according to reports today with first trial cars to be shown at Chinese auto show shortly.

Hope US/China trade war will be resolved BUT Tesla now have manufacturing in both

STEAM....hate corrective text

Elite Dangerous is 70% off at £5.99........great bargain but slightly concerning discount is this high......

decided to buy in here today as I sold some Alba shares as they do not seem to be progressing their Greenland assets - JAY are pushing ahead and I think will achieve production next year........

but not great that an Exec Director sells £Millions in shares!

continual rises as the market takes on board the great results and the product set

there are other funding routes.....people like Anglo Pacific will loan money but based upon receiving a royalty when production starts......often traditional lenders are too risk averse so a combination of funding routes is required

IC View
The broker also suggests that following the balance sheet revaluation, Anglo’s implied trading range is 187p to 271p (based on the shares’ price-to-NAV multiple range since January). While they wait, investors can look forward to a rise in the dividend, and every-growing liquidity. We stick with last year’s call (140p, 12 Jul 2018) - buy.

moving along nicely......

https://twitter.com/bidstack/status/1164510742747459585

given the flare is active today should we expect an update RNS on gas / condensate/ oil tomorrow morning?