Member Info for wraith

Yes, I would not be surprised, CofE,...see POG, as a recovery to growth (POX Hub technology) play, with strong gold price also enhancing the play,....hope everyone, managing to keep safe, from virus.

BW

I'm just sitting, with my existing shareholdings (with no Leverage, in my portfolio), Jimarillo,.....letting my Funds build, outside of stock market, at present,....hold GBP shares, in two ISA accounts.

BW

Yeah, the 2014 drill, was never completed ;-

Extract:
"The estimated cost of continuing the current well to test the deeper targets, including the Albian, now appears to be as much as a further USD40 million gross. Despite our interest in the deeper targets, with their large potential resources, this raises the question whether it may be better to wait for the full analysis of the current well before deciding whether and where to drill a second well and test the deeper targets with the benefit of that further information. As a result, the Partners have agreed not to drill further at this time and to evaluate the information and its implications for the Block. The well is being plugged and abandoned."
Source: https://www.infield.com/rigs/news/repsol-comes-up-dry-with-welwitschia-exploration-well/1122 .

It's been a long wait, just been looking at map ( https://www.rns-pdf.londonstockexchange.com/rns/0295J_2-2020-4-7.pdf?_ga=2.164029946.498048780.1586289212-75206512.1495057411 ), to remind myself, why I'm still here.

BW

Yep, excellent news ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GBP/14494030.html ),.......hope you all, keeping well & safe.

BW

This looks to be a prudent move;-

" More importantly,
the Russian Rouble has depreciated markedly in March 2020 and we are looking at hedging the currency to lockin the weak exchange rate to reduce our cost level. "
Source: http://www.files.services/files/370/2020/0327/20200327074501_07745188_en.pdf

BW

"Central bank emergency measures push traders towards ‘currency of last resort"
https://www.usagold.com/cpmforum/2020/03/25/central-bank-emergency-measures-push-traders-towards-currency-of-last-resort/

"Goldman Sachs tells clients it is time to buy gold"
https://www.ft.com/content/052f4932-6de2-11ea-89df-41bea055720b

BW

Thanks Risendshine,...yes, its a horrific virus,.....I,m ok here at CLON, just got some profit left invested, also my gold share weighting in portfolio, is heavy,....some of my other oil shares, are well under water though,....as I said, it's tempting at these s/p levels, ratification news keeps getting closer.

BW

Hi Risendshine,....stuck in Lincolnshire UK, myself, en route to be with my wife, who is in Kent UK (looking after her frail mother),......it's tempting at these s/p levels, but just sticking with what I hold, here at CLON & my other shareholdings, for now.

BW

Yes, on Google ("pog share price"), it is showing;-
"Market Summary > Petropavlovsk PLC
LON: POG
20.20 GBX +1.42 (7.56%)
23 Mar, 16:35 GMT ·"

I'm just sitting, waiting for results, with what I hold, here at POG.

BW

You are welcome, deebo12.

BW

"Petropavlovsk PLC (the "Company"), announces that it is set to be included in the FTSE 250 Index ("FTSE 250") from Monday 23 March 2020." ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/POG/14448804.html ),...it's all shaping up nicely, deebo12.

BW

With an RNS like that ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/POG/14464831.html ), I'm looking forward to results.

BW

Thanks Shedulike,....met my wife, at a nurses dance, many years ago,....although my wife is nearly 8 years younger than myself, her health is not robust (bronchiectasis),.....I have been working up north with my son, now on route to Kent, to be with my wife (who is looking after her mother),.........after 15 days of total isolation, here at our Lincolnshire property, intend to drive nonstop to Kent property, where my wife is.

BW

That's how i read it, UpDownFlat,.......decided to self isolate (I am in Lincolnshire, England,...my age, 72 years old) myself last Friday night, giving me plenty of time, to follow stock market & gold, now, (leaving my son, to run business).

Gold: https://www.bullionvault.com/gold-price-chart.do

BW

Been thinking about it, onassis,..... Only have some profits left in CLON, at present,..... Still sitting on hands, with what I hold here, awaiting ratification news.

Good Luck with your investment strategy.

BW

Technology,.... Gold,...... 250 inclusion,.....Russian Market potential listing,....... It's certainly got my attention,.... excellent news today (250),..... very comfortable, with my shareholding here.

BW

The way, I would probably play, those figures;-

Start with a 1,000,000 shareholding, for easy figures,....sell 30% at s/p@15p,.......leaving 700,000 shareholding, sell 40% of this reduced shareholding at s/p@26p,.... leaving 420,000 shareholding, sell 60% of this reduced shareholding at s/p@33p,.....leaving 168,000 (16.8% of original 1,000,000 shareholding) in for spud,....I would be comfortable with that scenario, on a Duster result.

BW

Interesting post robrob,...." GNPC discussions on an additional block",...."settled out or court " to the directors satisfaction" ",.....it's looking good, to myself, also.

BW

It's the combination, of the POX Hub technology & strong gold price (POG, now, not hedged),....that has my interest.

BW

Just had a look, Jimarillo, on the TYM six month chart, it's almost straight up,....on good farm out news, here at GBP, I would be looking for s/p, to be in double figures (s/p@20+p), quite quickly,....with only 203m GBP shares in issue & the BOD owning a large percent of those.

BW