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Most people on here are just so happy to see their trousers pulled back up when they’ve pulled down again by the school bully.
Shoot me down but I want a real return to value asap.
Here we are sub 2p, went up went down to low lows. The copl merry go round keeps spinning for the traders, pumpers and dumpers. On and on it goes when will end no one knows..
Be so refreshing when we actually become cash positive and stop this fiasco and see a proper sustained and justified rerate.
I have no argument the JV is important. But I think many of you place far too much on it currently.
Production production production.!
Adneusium yes, but the company’s bargaining ability WILL come from its strength, and not being a going concern! we also don’t know on what terms they approached us! As in, we want this area, but we need certain aspects cleared up, proven further.
We also no nothing on the real specifics. Or indeed full clarity on many aspects of this. Don’t forget Art said a lot of things which haven’t been exactly true to date.
Actually it’s alll about production. The JV, may, purchase assets and give us funding for drills. But I’m sure it’s dependent on proving up flow rates and the field/s.
Maybe both production and the JV are as important as each other. But before a JVP made themselves known this company is about producing. Production is key. It creates value, proves the resources are viable, creates possibilities for better borrowing / funding ( and highly likely improves our bargaining power in regards to a JV ).
We don’t know what the JV will offer or change. But we do know that getting production up will removed any going concern, concerns! and importantly provide the capital to continue to drill etc etc
40 year incline curve on huge resources in safe jurisdiction.
Prove that up, get cash positive and I’m pretty sure getting RBL, JV won’t be taking years to complete!
There are confidential wells. I’m partially inclined to believe these are producing at volume. And are sensitive to the discovery. And thus the JV negotiations. Though if they are producing significantly then it’s certainly not reflected In out cash flow, hence why many sceptical. We will find out soon enough.
Who knows.
Wwal I don’t believe the JV is disconnected from the GGS at all. Although things will be separated, left out, areas included areas not etc etc, certainly it matters. They’re also not going to partner with a bankrupt company and will be waiting to put in a lower offer for it all I’m sure should it not prove itself to be self sustaining. Imo! I think it’s very important for the JV, especially getting a good deal.
As for the confidential wells. I have no idea.
One thing, as poor as our performance has been. We have always concluded our deals!! From Cuda, Atomic, getting permission to flare, getting permits and ordering and installing upgrades.
It takes us a while and it’s never easy. But we do seem to get there in the end!!
So I’m hoping this is the case with both production and concluding the JV.
But this time I would like it to result in a sp rise, rather than crash..
Some good posts the last few sessions. Seems to me, taking an optimistic perspective regarding GGS / flaring and JV negotiations, that if the systems are working as specified then production will increase significantly ( if we are not flaring then the systems must be working ) If the systems are working then we must be producing more efficiently.
If we are doing that then the JVP will be happy and probably sign off on the deal as it’s very plausible they will be saying “when your upgrades are done and the evidence is clear that the company / asset is viable and proven up; we complete.
Then the chain reaction of greater production, positive cash flow, cash injections and justified rerate happens rapidly.
Seems to me we are very close.
I think you’re a good poster illusion :) it just got me thinking about what we put up with here that’s all. Wasn’t aimed at you at all. You clearly have the intelligence and decorum to have reasonable discussions with others.
The difference that is so clear here is that anyone who cannot clearly see the positives and only talks in derogatory terms is clearly a moron or told to do so. Why anyone would just talk a share down exclusively is just telling everyone that they’re pointless.
Of course there are many of us who has a very acidic view of the company but can still see the reasons to be invested. We vent, rant and shoot fire, but will often revert to why we remain. Because if not, we would be gone. Only a fool or a troll posts 5-10-20 times a day talking a share down.
The super rampers would be better respected if they didn’t always just sing from the same hym sheet and occasionally address the very obvious negatives.
Any poster who can’t give a balanced view, including some of the very liked posters.. is a huge red flag imo.
This share isn’t perfect. We all know that. But only an absolute maggot would consistently post negatives day in day out.
Let’s hope the company gives us something to be happy about. God knows we need it here.
Oh yay 2p.. we’ve all got Stockholm syndrome.. agree it’s oversold, but what the dickens will it take for this company to deliver some good news.
Other than carrots.
This share has to be one of the worst performing main market stock this last year!! Absolute. Shambles.
Considerably less troll posts last few weekends. Good sign?
It’s a fair theory! I guess there’s lots of possibles as ever, perhaps we will get some good updates this week or next. Be great to end the year on high.
It would be great to wipe out the bond holders before a JV and production up. But can’t see it happening personally. They’re vultures after all.
Saying that who knows what might happen, was just wondering that’s all.
But why would they agree to that if the share price could should rise to 20p+ they would be loosing out?
Why and how would they be removed?
If so shouston then that should directly relate to better production. Unless the reserves disappeared, which, with a touted incline curve it should definitely not be.
Yeah let’s see. No more room for hope and complacency. We need the company to get production up now. And by a decent amount.
Time for actual progress that returns the sp at least to its previous trading ranges.
Alfresco don’t be pedantic, you choose a lower figure to make a point that isn’t a point. Obviously the exact figure for break even / non going concern isn’t exactly known but we can assume rough numbers. If you need a more precise breakdown to understand happy to provide one.