Member Info for zebbo

Next week, includes Q&A session. I cannot attend personally, but have been in touch with the company re share buy backs. It makes perfect financial sense to do so whilst we trade below NAV

Zinc equivalent cash cost of production of $0.78 per pound

Copper cash cost very low by global standards at $0.65 per pound

Just do the maths, I would not be panicked even if copper was $2 per pound. Reckon there is zero chance of that

S dusty42 says, caml has been a solid divi payer in times a lot leaner than these

Under the new business plan over next nine years, Japex aims to boost its annual business profit to 50 billion yen by the year to March 2031, up 68% from this year, by investing 450 billion yen in growth areas in total, including 230 billion yen in oil and gas exploration and production.

"We want to buy stake in oil and gas projects overseas, mainly in the United States and North Sea," Fujita said

Under the new business plan over next nine years, Japex aims to boost its annual business profit to 50 billion yen by the year to March 2031, up 68% from this year, by investing 450 billion yen in growth areas in total, including 230 billion yen in oil and gas exploration and production.

"We want to buy stake in oil and gas projects overseas, mainly in the United States and North Sea," Fujita said

Possible, but if it take this long to do deals it could be a long haul. Also see us having the possibility of high production, but running with high dept

Thats where this may be heading............city spy, my eye

This is what the SP is starting to tell you 50p inbound

No deal 50-60

Deal 1.20-1.30

As expected. This is fully valued at 1.8p, minus any claim. So a flat out gamble. Those who got in early "the pumpers" did well. The uninitiated will take the pain, haha, some never learn

RickeyW - thats exactly why I am scaling in here. We have 3 clear catalysts in Q3, that will help us re rate beyond 50p
1. Japex deal concludes
2. Production asset
3. Spud of Velocette
Not to mention what can be realized through $100M loan facility etc.
£12M Mcap, no brainer.

Check out the mgmt first then invest

Good luck folks..... :-)

Personally I dont mind trolls. I can make my own mind up "like most people"

Dont really think they make a jot of difference. Majority of trolls have either sold or lost money end of........

Oh no, looks like its drifting up...haha

cannot beat some BB banter

Trust the Italians. Get the feeling they are 12 months to late:-) Either that or they have not looked at prices recently

JOHNO77 - I was genuinely skeptical at first. But spent some time going through the detail currently in the public domain. A deal that appears this good on face value has to be treated with caution. So my initial response was just that, one of skepticism/caution.
However it does seem to stack up and on that basis the deal has yet to be reflected correctly in the SP......IMO

Once the true value of the deal is widely understood LBE should re rate to at least 40p IMO

They will soon plough through this cash, raise next year at 10p ....lol :-)

This feels to good to be true. The question is...is it. The devil is buried in the detail..!!!

JAPEX could have done the same deal at a fraction of the cost

Sentiment seems to be souring again, see its all getting shaky with regionals in the US today

Typical.....

Actually, just added another 10k shares. This it for today :-)