Member Info for welloilbeefooked

Jazim, if you half that valuation to around 25p that would likely be a fair valuation right now based on current Egyptian production and taking the PSC into the mix. Massive upside though in Egypt so who knows, this time next year 50p might be quite achievable.
Just my opinion, good luck all.

Hi Toephur, yes, $4-$5 was the opex cost last year, if you go back through the RNS releases you'll find it. UOG must be one of a very small group of oil producers who actually generated cash last year - if memory serves me right I think the average selling price per barrel was in the low $20's so just think what we're making now.

If we do get an update regarding the current 2021 trading then I think we're in for a very pleasant surprise in terms of the uplift in PGMs basket price. The last 6 monthly update for the period to Dec 2020 showed an average basket price increase of 22% on the previous 6 month period, which looks low to me although there will be others more informed here who can be more accurate on the uplift we might expect. I do remember reading that there's a time lag between production, sale and cash price charged so not sure if that has something to do with it but what I think everyone here knows is the pgm basket price has absolutely soared in the last year or so. Happy days ahead methinks.
AIMHO

Been here for a long time and great to finally start seeing a bit of value being recognised. Should be plenty more to come, the only slight cloud on the horizon being the weakness of the dollar which is being touted to drop at least another 30% with the current fiscal stimulus being passed. Price of oil obviously more than makes up for that and volumes increasing all the time so hopefully happy days ahead.
GLA

Hi Shiner, hope you're right. They did say they were moving to 6 monthly operations updates but have since thrown in another quarterly one so who knows. All seems set fair so I'm still very upbeat about our prospects this year.
ATB

Personally, I'm not expecting any fireworks from the interims RNS. We already know the top line numbers so unless they're going to pull a large "net gain on bargain purchase" out of the hat, all the interims will do is let us know the real profit for the year ended December 2020 and we'll find out more regarding the cash position. Last year's interims didn't include anything on "post period" trading and as far as I can see it was actually July 2020 when we got the 6 month operations update to June 2020.
Hope I'm completely wrong and we get some news on current trading, particularly Roan, but otherwise I'd be cautious on the exuberance front at least for a few months as we may have a longer consolidation period ahead.
GLA

Thanks BB - hopefully Kalan's just too busy counting his JLP profits!

Hi Jolly, I asked the same question not too long ago but didn't hear anything as to Kalan's wellbeing. I remember him from way back on the ii board, very informed and measured poster. I too hope he's thriving wherever he is.
All the best.

It will, but only for a short time as it heads to £2bn and higher. Are you actually saying that a derisked JLP with multiple different projects in multiple jurisdictions, all of which can be brought to profitability years faster than traditional mining companies, will not be valued at 15 - 20 times annual earnings?
My advice is to change your name to MrWorldsFirstSurvivingBrainDonor, then go onto Amazon and buy a new crystal ball, the one you're using just now is obviously cracked. Which is apt.

probably not but £337k in one trade is still big money to me. It's more the fact that it's obviously been worked over a period of time and then reported after the market is closed so no-one actually knows whether it's a buy or sell.
I use HL and every time I buy or sell a stock I either hit the "buy now" or "sell now" button. Doesn't seem a huge technological leap for the reporting systems to record that information and report it truthfully ?

a delayed trade for 2m shares has appeared today. Showing as a sell timed at 16.43 yesterday at a price of 16.1375p. A cynic might think the MM's are manipulating things but surely not? Anyway, whether it was a buy or a sell the price has held up well imo.

Per the most recent 6 monthly report to 31st Dec 20, our average revenue per PGM oz increased in the second half of the year to £1298 from £1068 in the first half - this represents a 21.5% increase in price per oz.
Looking at the SLP report covering the same two 6 month periods, their average selling price rose from $1830 to $3184, an increase of 74%.
Just wondering if we're lagging and there's a big increase in ave oz selling price to come?

I’m seeing a closing price of 16.4p, can’t see any trades as yet at that price on closing.

Check out this morning’s news at Sylvania, bodes very well for us. Basket price up 44% ??

Great interview with KR1's Keld, posted originally across on Stockwits :
https://youtu.be/mDz8r97Uekc

aw2414 - there's also an alternative way of looking at things, Warren Buffet once said "Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
Been here for 6 years and I don't think we're anywhere near full value yet. SLP will release figures on Monday and we should have a better idea on how PGMS are doing.
GLA

Hi Chaebol,
You can now buy or sell KR1 online on Hargreaves Lansdown using a fill or kill order. Good luck.

Check this out Dore !

https://copperalliance.org/wp-content/uploads/2017/05/2017.04-E-Mobility-Factsheet-4.pdf

Correct again Botak.
One slight criticism of KR1 management is that I don't think they've ever really explained in layman's terms what it is they actually do. They're lumped in with all the crypto miners out there when in fact they're miles away from that business.
Essentially KR1 is an investment company. Major mainstream companies approach KR1 when they're thinking of providing a blockchain service to their customers. KR1 assess each opportunity and where they think a project makes sense and will provide real added value to customers, they get involved, build the project out and are rewarded with the new alt coin offering.
So we're not involved in mining anything, we don't have to worry about whether bitcoin has intrinsic value or not, because we know we're only investing in companies where real profitability will increase due to their blockchain offering to customers.
That's the main reason I'm here, KR1 is like a bridge between traditional bricks and mortar businesses and the holy grail that is blockchain success.
GLA

Spot on Botak .
I believe the world is just beginning to wake up to the fact that KR1 cherrypicks the blockchain projects they want to get involved in. They are then compensated in new alt coins for bringing these projects successfully onto the blockchain. A super smart management and staff who accrue pay in alt coins demonstrates the total belief in everything they do. Add in to that the Chinese surge in demand for Dot and the nascent US and European listings and this has multibagger all over it even at 200p
AIMHO and GLA