Member Info for Wiggly

Relax - the drop is Brent, while concerning, has minimal impact with 60% of 2020 production hedged at $57!!

By Q3/4 demand will have picked up and supply will be significantly reduced...

Tullow are in a very very strong position to ride this out.

All IMO/DYOR

Most likely notice period with current employer

This would appear to move very quickly (up and down) on very low value trades. If the herd were to arrive it would be explosive!

Hope that this continues to trade under the radar for some time.

Why is it so quiet here?

The current thinking is that selling ore from Star into the Sable smelter should generate around US$10mln per year in cash flow for Galileo over a period of six years. The resource is constrained, ringing in at around 400,000 tonnes, and is unlikely to grow much bigger even if more drilling is completed, so we’re not talking about a long-term operation here.

When are we expecting the next big news?

Thanks
Wig

any predictions on fair price/value? 1 seems easily achievable based on news.

Are sellers overlooking the huge hedges TLW have in place for 2020 (60% of production at $57 / bbl) and 30% of 2021 at $52?

This is massive and a massive buying opportunity at this level. TLW is down at these levels due to the fear over the RDL (now resolved) and therefore I forecast a steady rise back to Q4 2019 levels over the coming month

About to break.
Fireworks

This was priced to go bust.

RBL now negotiated, massive hedges places for 2020 and also 2021.

Amazing opportunity.

*******?

Crazy bell

We moving!!

No volume = no leak. Day 43 of drilling = testing?

Did you sleep oilbell?

seorusly mate, stop being a moron

I disregard entirely

Ok Oliver

Ha! Keith believes that; "Yep MMs are holding it down so both more Pis and especially IIs can pile in at a good SP. This will be in 3 figures by September"