Member Info for wraith

What is the point of posting here, if you have sold at profit, Fifokid,...unless of course, you are shorting HUM now.

BW

Still here awaiting the final outcome,......not much to post about,...I ask myself, who withheld the $5m odd owed to AAOG, who withheld the license;-

Tune whilst we wait for the final outcome: Camouflage https://youtu.be/ZFYxCIr-Byo (" Things are never quite the way they seem ").

BW

Thanks for the link ( https://youtu.be/O9IaVXfUp_4 ), AimSurfer007,...sensible decisions taken by management, in difficult times (IMO),...I have increased our HUM shareholdings by 43% approx, in the high s/p@28p range.

BW

Yep, that what it says in the " Half-year results for the six months to 30 June 2020 ", dated 15 September 2020;-

Extract:
" · Cash resources of US$13.4 million as at 1 September 2020 - Board expects the Company to be fully funded through to at least the end of 2022, assuming Sea Lion sanction occurs during that time "
Source: https://rockhopperexploration.co.uk/wp-content/uploads/2020/10/RKH-Interim-Report-15-Sept-2020.pdf

So plenty of time for arbitration results to be received & recovery in oil demand, (IMO).

BW

Agree Tacuma,...Corrib is the only reason I'm still here, it's good to have Wressle production (with low breakeven), whilst waiting for our farm-out of Inishkea / Edge Prospects,...not interested in EOG Morocco interests,...holding PRD for Morocco (gas target for the MOU-1 well) drill first half of 2021.

BW

Correction, that should read: " if they take the ASK sub-s/p@0.5p ".

BW

Just as well I don't need to sell, anytime soon, with that 32.03% spread, Phil164,...I used to play a lot of chess when I was younger, play the stock market now, find it more challenging,...my goal, to create free shareholdings, don't expect to win them all, the jury is still out on this one,...if they take the ASK sub s/p@5p, I will probably average down further, as the last tranche I bought here, was s/p@0.6049p.

BW

Not interested in those charts myself,...but the Power Point, Europa Oil & Gas Interim Results Presentation 2020 ( https://www.europaoil.com/documents/200616TheEdgeFEL3-19_002.pdf ) does interest me, along with Wressle,...which is why I have been averaging down here recently (Gross average sud-s/p@3p to date).

BW

Yes, I'm keeping safe, scoredagainsteps,...taking my vitamin D3 tablets every day & vitamin K2 tablets every other day, to keep my immune system in good order.

Not doing so well as yourself here at BOR, but have a decent Gross average BOR s/p level (just under par), so only just underwater, hoping that will change soon, as things start to recover with the vaccines looking good.

BW

Good, 50% tucked under our belt,...nice to see our " four IOCG (Olympic Dam style) copper-gold targets " mentioned,...got these tucked up in our two ISA's, so no rush for results myself.

BW

Hi, scoredagainsteps,...yes, all well with myself, I have been in strict isolation (by myself) here in the UK, through our lockdown (my wife has been in Kent, looking after her aged mother for a month),...will be picking her up this coming week,...I have had to learn to cook, as we have been together for 46 years (married for 45 years),...hope all is well with yourself & keeping safe from this wretched virus.

BW

A similar (460%) increase here, would take us to s/p@12.65p (Market Cap £35.5m approx)with the current 281m shares in issue, my calculations, Dibs61,...roll on drill results.

I'm not forgetting those 4 IOCG targets we have to come, either.
POST PERIOD END EVENTS:
" · The Grace prospect has demonstrated highly anomalous level of Molybdenum, which requires further investigation, but this is a known association of IOCG (Olympic Dam-style) mineralisation; "
Source: https://www.londonstockexchange.com/news-article/COBR/announcement-of-year-end-results/14567736?lang=en

BW

Yes, that is why I have retained PET shareholdings (" Would kick myself if the CP came back and achieved their original intension and I didn’t hold any shares. "), Cuddles48,...although in my case, I have sliced to free Pet shareholdings, held in our two ISA's, leaving us very nicely positioned, in the event of a positive outcome.

BW

I see Cuddles48 post has been deleted,...saw nothing inappropriate with it myself.

BW

Thanks for the heads up ( https://econews.pt/2020/10/16/roger-tamraz-confirms-interest-in-eurobic/ ), Cuddles48.

BW

Yeah, the only thing wrong with having a beautiful woman by your side, is everyone wants her, the same as a beautiful car ( https://youtu.be/SJ82dP5s1cU ), Troajan,...just like Gold will be desired, (IMO).

BW

Hi, Troajan,...I believe we are in a long-term Gold Bull market,...expecting it to be bumpy,...the link below I put on one of our other Gold shares shareholdings, awhile back:
They mention undeliverable Gold, in the interview: https://youtu.be/8kQDnjlvDtk

BW

In the more recent Half-year Report, dated 24 September 2020:
Extract:
"Tough economic conditions have prevailed throughout the first part of the year and in response to this, we have made additional cutbacks to the 2020 budget. The Company has always maintained a low overhead, outsourcing many of its non-core disciplines. But further savings have been made, including staff salaries. Executive directors have taken a 50% reduction in salary since 2019. Our objective has been to preserve cash during this industry downturn. "
Source: https://ir.design-portfolio.co.uk/viewer/11/656

Production Licences extension, dated 26 October 2020:
Extract:
"Borders & Southern Petroleum plc (AIM: BOR) is pleased to announce that it has been granted an extension to its Falkland Islands licences.
The Company's Production Licences, PL018, PL019 and PL020, which grant exclusive rights for surveying, drilling and production within the specified area, were due to expire on 31 October this year. In light of the approaching expiry date the Company applied for, and has been granted, an extension to these licences by the Falkland Islands Government. The new expiry date for the licences will be 31 January 2022, which brings them in line with the expiry date for the Company's Darwin Discovery Area Licence. There is no additional work programme commitment associated with the licence extension."
Source: https://ir.design-portfolio.co.uk/viewer/11/1004

BW

$3.7mCash balance at 31 December 2019 (2018: $5.6m)
$1.45mReduced administrative expense for the year (2018: $1.8 million)

Going concern:
"The Directors are of the opinion that the Group has adequate financial resources for a period of no less than twelve months from the date of approval of the financial statements to continue to apply the going concern basis of preparation. The Group does have a licence obligation on its Production licences which it does not have funds to be able to complete however, the Directors note that they are confident that the commitment will be extended by the Falkland Island Government as part of a licence extension the Company intends to apply for. Based on recent licence renewals by other operators in the region, the Directors are confident that a licence extension will be granted. The Directors have also considered the impact of the current Covid-19 pandemic on the Group’s going concern assessment and note that as there is no committed overhead spend, other than wages and salaries and a reverse stress test on the cash flow forecast has been prepared and evidences sufficient head room for the Group and Company to continue in existence for a period which is in excess of the twelve-month period required to be considered. Based on current cash burn rates the Group could continue to operate for a period of at least 20 months. With the additional cost savings which have already been implemented in 2020, this period can be extended still further. On this basis the Group continue to prepare the financial statements on a going concern basis."

Source: https://www.bordersandsouthern.com/media/pdf/4719_Borders%20and%20Southern_AR_2019_plain_pdf_pages.pdf

BW

Agree, looks like institutional sells to me,...with my perceived outlook, for the medium to long term Gold Price, HUM is a Strong Buy in my book, taking a 2 year forwards view,...can only think they are taking a short term view, going to Cash, expecting a severe market pull-back, which could pull Gold & Gold producers back (short term) with it.

BW

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