Member Info for zebbo

Feels like to story is getting out. This is one of my biggest allocations at the mo, position built Q4 2025

My ST target is 20-25p. If minestarters captures investor imagination, this could explode particularly with first mover advantage

The numpties have landed for NY....haha

Be aware, if first gold qantity is as expected ECR will start to motor.

No ramping , it is simple production....end of

I see the SP moving to 1p if production is proved good at Raglan and a further bump up when BM gets underway

"or what"

Guess we will find out in a few weeks what the plan of action is

Likely to play out as........

- The managers will try and spin somthing to save themselves.

- The shareholders will then vote to wind up, as there are to many headwinds -

Current SP, we should get a good return against NAV - Downside another high yielder bites the dust

Longs keeping the story alive, however Omar seems to run the same pattern of comms. Tweets to get everyone going, followed by a raise. Rinse & repeat

On the face of it we may have some good assets, or is it all bull and bluster. How many years (running out of fingers) have we been try to get a partner for PEL

For perspective

c£450k per annum (excluding any options etc) this is around "double" of that of companies with a mcap up to £50M

So he is well overpaid based on performance thus far, not sure who agreed that renumeration package!!!!

At the end of the day, the bottom line measure is share price performance. Looks like we are currently rewarding poor performance. Comms are not strong enough, one reason why the SP is underperforming. He was in IR so should know this (bread and butter stuff).

All that said we do have a few positive catalysts in the pipe. SW needs to deliver these over the next 0-6 months - Starting with return of capital

I agree SW should be 100% focused on POW and not spending time on other directorships

+ He has to deliver a credible buyback and in turn an uplift in the SP

++ Minestarters should deliver big time if properly executed, SW needs to make sure this is a success

Thats US gas, no impact on ENQ, we dont have US assets

I think some is down to comms. The way updates are communicated (bland IMO) + lack of updates. People like to be engaged and on the edge of their seats, (rightly or wrongly) good comms its a must for AIM shares.

That said it could be a ploy before buybacks begin :0) but expect its just SWs style

Dont want to put a downer on this, however execuction risk is still very high

requiring multiple Department of Mineral Resources & Energy (DMRE) consents for uranium/gold ownership transfers and operating licences.

I also expect that uranium aspect will face additional scrutiny due to radioactivity and environmental safeguards.

GLA

Https://www.youtube.com/watch?v=OebqNsKld6k

Worth a listen from 38m onwards. Not POW specific, but very topical to where Doc & Darren think we are headed on the token front

Another bit that was interesting IMO was around marketing and how mining / token opportunities should be marketed ie "we need to engage with a younger audience" that should be a takeawy for our BoDs with regards minestarters

3p warrants need to be executed by 31st Dec, expect RNS soon

*** packet stuff, but is near enough imo

est triton 50 + prax 5 + spirit 13 = 68k bbls per day. not bad for mkt cap of £675m

then throw in the conservative balance sheet, strong liquidity, low decommissioning burden. lets say at an av of $60bbl and 60k bbls, should give fcf of c$150m

unknown = further acquisition/s

only thing missing for me is an overseas operation

Looks to be c33M warrants @ 3p so we could get some weakness while these are churned (expecting they will be executed at current SP)

Looking at the SP and moves throughout the day the 34m is a sell.

Maybe a punter who is enjoying the dilutive experience :-)

Apols wrong BB

Looking at the SP and moves throughout the day the 34m is a sell.

Maybe a punter who is enjoying the dilutive experience :-)

Yeah, Tony R should have done a better job in presenting the update. If the market has got it all wrong, its down to the update and the manner it was presented

Interestingly - Activist investor Saba Capital doubled its stake in the trust from 5% to 10%, though this was shortly before the report was released. So they must have paid 61-63 region

Sounds like they have a plan + possible opportunity for those with any spare cash

ENQ will never happen, we are doing way better on our own and can get good deals done

We could be a target in any further consolidation by bigger fish