Member Info for wraith

Hi Rosty,.....from memory, RKH now have the old FOGL acreage, which has the Scharnhorst prospect in it,....again, from memory, Scharnhorst overlaps into BOR acreage,.....in this FOGL RNS dated 30 April 2015, the guidance is, that Scharnhorst, could be interpreted as an 'oil' response.

Extract:
" A number of attractive prospects have been identified on the 3D data acquired over the Fault Block play adjacent to the Darwin gas condensate discovery. Two prospects, Scharnhorst and Nurnberg were high-graded for further technical evaluation. The Scharnhorst prospect is broadly analogous to the Darwin discovery and as a result of seismic amplitude and AVO studies, FOGL has increased its gross unrisked mid-case prospective resourcesestimate from 188 to 355 million barrels. Detailed seismic analysis has demonstrated a subtly different seismic response to that of the nearby Darwin condensate discovery, which could be interpreted as an 'oil' response."
Source: https://www2.trustnet.com/Investments/Article.aspx?id=201504300700117551L

BW

Yes, well as I said gus0,....a buy out at s/p@10p, would give ourselves (me & my wife), a very healthy profit, in our two ISA's, to reinvest.

Happy New Year, to all here.

BW

Yep, agree (8p), EmeraldCarrots,...its already difficult to buy, above Market Size (50,000 shares), was my experience, late this afternoon,.....had to reduce my Buy Order, to Market Size, in order to get them at Ask (s/p@1.5p).

BW

Not sure why anyone would sell now, with our Market Cap, at just £44m,........with the arbitration result overdue,....Sea Lion looking good,.....at a time when:

"Oil and gas discoveries are at the lowest level since 1946" ( https://qz.com/2107452/oil-and-gas-discoveries-are-at-the-lowest-level-since-1946/ ),........all of our RKH shareholdings, staying put, in our two ISA's,....RKH owe us nothing, having originally bought back in for arbitration result, now holding for Sea Lion also.

Happy New YEAR, all here.

BW

Thanks for link ( https://www.bbc.co.uk/news/world-europe-59850093 ), ivans,....nice bit of news, to start the New Year with.

Happy New Year, all here.

BW

I bought De Beers Group (Diamonds) shares, back in 1983/1984, that turned out very well (political events = risk/opportunity in my book),.....which is how I view Yanfolila Gold Mine ( https://www.hummingbirdresources.co.uk/operations-projects/mali/ ) at present, where I also see, a lot of potential upside, from the current s/p level,....I view the current s/p level, as an absolute bargain, when considering all of HUM assets.

BW

Kouroussa Gold Mine ( https://www.hummingbirdresources.co.uk/operations-projects/guinea/ ),....first gold to be poured end of Q2 2023 ( https://youtu.be/heJ6TR1iyOA ), with AISC US$900 to US$1,000,....I believe the price of Gold, will be much higher by Q2 2023, opening up the Profit Margin margin, on Kouroussa Gold Mine, where guidance is:

"The Kouroussa Gold Mine (“Kouroussa” or “the Project”) is forecast to be a high-grade, low-cost mine which will produce an average of between 120,000 and 140,000 ounces (“oz”) for the first three years of production and average 100,000 oz over an initial seven year life of mine (“LOM”). It is forecast to produce at an average All In Sustaining Cost (“AISC”) in the range of US$900-US$1,000 per oz throughout the LOM, with material upside potential through further exploration drilling which is currently being planned. Commencement of construction is to begin in Q4 2021, with first gold pour scheduled for the end of Q2 2023."

At current HUM share price ( ASK s/p@15p), it's a Strong Buy for myself ( https://www.hummingbirdresources.co.uk/operations-projects/liberia/ ).

BW

Tune for 2022: https://youtu.be/ntG50eXbBtc

BW

Correction, should read;-
= s/p@62.25p.

BW

Happy New Year, to all here,....looking at the two year chart, our previous s/p high was about s/p@41.5p,....I will go for, previous two year Market Cap high, of £163.095m (41.5p) plus 50% = s/p@62.5p at some point in time, in the second half of 2022.

BW

Thanks for the link ( https://afrikinfos-mali.com/2021/12/30/17396/ ), KaMei,.....you mention II's,....I put a link on a few days back, showing a breakdown of shareholders of HUM, the whole thread was removed,....this link (dated 30 July 2021, https://uk.finance.yahoo.com/news/type-shareholders-hummingbird-resources-plcs-020813639.html ), gives a breakdown of HUM shareholders, when HUM Market Cap was UK£73m (s/p@18.58p approx),....at that time, it shows II's were holding 70.1% of HUM shares in issue, with forecast growth over the next three years of 53.3% Forecasted annual earnings growth ( https://simplywall.st/stocks/gb/materials/aim-hum/hummingbird-resources-shares?blueprint=1695980&utm_medium=finance_user&utm_campaign=conclusion&utm_source=yahoo#future ).

BW

Yes, I'm also still a buyer here, bonker99,.....with more than 50%, of our allocated Funds, for investing in our HUM shareholdings, currently invested (about 77.7% of our allocated HUM Funds, invested so far),....I had noticed, that we are both looking at a similar time line, for HUM to deliver a good return, on our investments.

BW

Those you bought from s/p@ 21.9p down to s/p@14.3p, I would be comfortable with anon3,....the earlier buys will come good with time (IMO),....I am buying HUM shares for the second half of 2022 forwards, with 2025 my target for HUM to be multiples of current s/p level,....not fully invested in HUM yet, myself,....have just reached, our minimum targeted Core HUM shareholdings levels, with that last tranche purchased, at s/p@13.815p.

BW

I thought you were waiting to Buy in the s/p@13p range, anon3,.....bought our last HUM share tranche s/p@13.815p, didn't expect to be able to buy so low,....started buying back in s/p@20p level (8.5% approx of our current HUM shareholdings), the remainder 91.5% of our current HUM shareholdings bought in 13p to 16p range,....very comfortable buying (& holding), at these levels myself.

BW

Seasons Greetings, to all here,....Tilapia oil field licence, I thought we would have it, by now,....our other assets, are shaping up nicely, (IMO),.....Tilapia, is the only reason, I bought ZEN shares,......ZEN's other assets, are a pleasant bonus for myself.

BW

Thanks for link ( https://lefaso.net/spip.php?article109893 ), Cheerfuldoor.

The headline "Coris Bank International finances the Kouroussa Gold mine to the tune of US $ 100 million",.....making me smile also, the 17th December is my birthday,....seasons greetings to all here.

BW

Sitting here, with a glass of port in hand,.......I look forward, to 2022, as a RKH shareholder.

Merry Christmas, to all here.
Tunes: https://youtu.be/ucWmucr4guQ

BW

The way I read it, pauldrayton,....Italy, was seeking to suspend the arbitration, (dated, 25 Oct 2021: https://www.qcintel.com/article/italy-seeks-to-stop-multimillion-euro-damages-under-energy-charter-treaty-2503.html ),....which has resulted in the delay, from the July guidance given,....now that has been dealt with, it should not be to long a wait , before we get the result of the arbitration, (IMO),.....my money is on, a RKH win.

BW

Hopefully, in an interval between rounds, they will find the time, to give us our long awaited Tano2A ratification.

BW

s/p@10p (Market Cap £48.4m) for our Darwin Discovery, acreage, etc,.....that would give us a decent profit (with our BOR Gross Average s/p@1.3009p),....not the outcome, I'm hoping for though,.....with the anticipated;-

"Oil Supply Crunch"
( https://oilprice.com/Energy/Energy-General/Oil-Supply-Crunch-Could-Trigger-A-String-Of-Energy-Crises.html ).

BW