Latin Res Share Discussion Threads

[bene449] 14/5/2005 11:01

and also been tipped in newsletter on www.addicted2shares.co.uk

[pork belly] 13/5/2005 17:27

nice 250,000, £40,000, buy at 16p towards end of day

04 may 05_:
"in addition to the drilling rights we have secured and announced today, we continue to be close to concluding a number of other deals that I hope to announce in due course."

close ?

[ian.g] 04/5/2005 13:58

"I have been extraordinarily energised in the past few months and can report
back to our shareholders that in addition to the drilling rights we have secured
and announced today, we continue to be close to concluding a number of other
deals that I hope to announce in due course. Successful oil and gas companies
all start with the basics, and our starter kit at Lodore is incomparable in my
experience."
Can't get much more positive than that from Dr Bob - must say I was expecting some news on a deal to acquire the Medco assets as per his previous statement, i.e.
"Lodore believes it is in a commanding position to capture the remaining US
Assets at an attractive price due to the economic interest it holds which
effectively functions as a discount mechanism. We will keep the market informed
about our progress in this matter."
I'm guessing he's still working towards getting at least some of these assets, and that will be part of the future deal flow that he refers to in the statement today.
Meanwhile, this is a potentially huge deal. Assume that Lodore succeeds with just one drilling in the tcf range (he states that the portfolio includes 'some offering potential for a multi-tcf discovery at a PoS of 20% or better'). As 'recent transactions have valued a bcf of proven gas in the ground in the United States at over US$1.5 million' such a drilling would be worth $1.5bn per tcf. Given a 20% PoS they might have to drill a number of times before being successful, but even if they had to drill 4 times, that's only $60m outlay. We don't know the details of the commercial terms agreed between Lodore and Pel-Tex, but whatever they may be that's still a huge return on capital... and a huge boost to shareholder value...
This is just the beginning - the excitement is infectious :-)
Regards,
ian

[rambutan2] 04/5/2005 13:21

yes, its exciting to see that the chairman is so excited!

[orvis] 04/5/2005 11:38

Well worth holding IMO to see what are these next deals the chairman is excited about. Won't have to wait long either.

[fitehills] 04/5/2005 11:30

Good announcement and the first of many coming very quickly.Glad I topped up recently and expect this to fly now,sorry am I ramping?no just excited over this company.
What do you all think

[fitehills] 03/5/2005 16:19

Thanks Tiger

I did in fact top up and like you get the feeling that an announcement is due any day,and I agree it all points to this.Ah but when?We'd all be millionaires if we got our timing right!!

[tiger602001] 03/5/2005 15:51

I don't have any new information, but I get the sense that the company is going to make some sort of announcement. The run up in price, the increase in volume, the fact that Dr. Williams has been let loose with this corporate vehicle, all point to something cooking.

I personally don't have the guts to buy more, but for what its worth, I have been around quite a few companies in similar positions, and the signs are similar. It might not be this week, but its soon

[fitehills] 29/4/2005 11:51

Appears to be some hefty sells going through although not sure about the 1/2 million.Still awaiting news which I thought was due by end of April.Still holding and thinking of topping up and maybe today is the right time,will await to see if price drops in the afternoon.Any body got and further info?

[orvis] 20/4/2005 15:47

People are piling in to csb today - lsr has been temporarily left behind. I added today.

[ian.g] 19/4/2005 11:45

view from the analysts in US seems to be that the markets are turning following the correction: about time!
Lodore held up relatively well, and I'm sure will have considerable upside when the deal is completed, though I'd like to know more about the financing before tried to guess a price...

[mr midas2] 18/4/2005 21:33

i think today was probably as low as these will go.dow lloks a bit more stable.
each day that passes is a day nearer to acquisition.
not long to go now.

[mr midas2] 17/4/2005 06:48

markets not looking too good.might be an opportunity,to get these a little bit cheaper.i don't expect these to come down a great deal,as i've heard the acquisition should be complete,within 2 weeks.
re rating due on completion.my man thinks 25pish in a bad market.30pish in a good one.
happy hunting.

[ian.g] 16/4/2005 00:04

mr m -
Have taken a look at GFM - thanks for that.

Didn't post here today as we're really just waiting now - and as I've been in these since they listed they can manage a day or two now without me ;-)
Good to see them standing firm against the market.

Unfortunately, suffering in a few other areas (YOO and IQE) has my attention right now, though it should be temporary... Drops really down to ignorance and rumour, but they're still uncomfortable until the power of the fundamentals wins through.

regards
ian

[fitehills] 15/4/2005 16:42

I have a shed load of these but would have topped up if I could have made funds available but alas not to be.Also in Griffen but in a smaller way.,Most of funds tied up in DAT,.maybe should have taken profits there,.life is full of decisions!!

[mr midas2] 15/4/2005 15:55

lrs,holding very well,on what has been a very bad day.i wonder why:-}
had to buy a few more today,you don't look a gift horse in the mouth.
very quiet here,what's wrong with everyone?

[mr midas2] 14/4/2005 18:50

thanks,i will take a look.i have a shed full of griffin,for which i am expecting at least 80p this year.zinc already stock piled for processing,mine opening in days.analyst forecasting £15m profits next year.other zones to explore,drilling report for gold due in june,already proven very good reserves.ivanhoe,tracking them,already offered 55p,gfm refused.
safe bet,as p/e ratio,on forecast,is a pittance,will probably get took out.
happy hunting.

[ian.g] 14/4/2005 18:44

mr m
apologies in order - where did you get the presentation? and is it possible to get a copy as a mere shareholder ;-)

yes I'm in vti, and expecting something from the US in a little while that will blow the share price sky-high - sadly, despite the presence of a couple of very knowledgeable people, the BB thread has been trashed by childish and blinkered posters who don't want any debate.

have also been in and out of oxb this year, and keep an eye on it. Bid rumours sent it up a while ago, then sent it down again when nothing happened. They're sending it back up again now, and may turn out to be true one of these times - even without any bid they're potentially due a good rise this year.

If you're into mining stocks you might want to have a look at Marakand (MKD) - some excellent posters on the thread, and the share price has already gone up a lot this year - expecting confirmation soon of agreement for them to start up their first mine which will give payback in only 2 years. DYOR etc.

regards,
ian

[mr midas2] 14/4/2005 15:52

ian,i see you are in vti too.very good stock,the news,on the big U.S deal,is due in 4-6 weeks.
check out oxb,bid rumours,are passing my ears.

[mr midas2] 14/4/2005 13:33

ian.i have a lodore presentation in front of me.US $50m is stated.
so fact,not fiction.unless of course this document is fiction.

[ian.g] 14/4/2005 10:26

mr m

post 214: 'lodore are forecasting...'

I'm long (and confidently long) in Lodore, based on my research at floatation and since. However, to my knowledge there is currently no Lodore confirmation of a deal yet, and certainly no Lodore forecast of ebitda post such a deal.

Trading on inside knowledge is illegal; passing on city rumours is fine; posting rumour as fact is ramping.

I'd love it if what you say turns out to be true, and perhaps that will happen.... don't want to get into BB wars over this, especially as we both appear to be supporters of the share. So just a polite request to post accurately, so people don't get confused between fact and speculation.

Of course if you can give us a reference to a source for your statement I'll happily retract the above and apologise.

regards
ian

[fitehills] 14/4/2005 07:54

Good morning and thank you Midas2,definately had too much in pub,.not being able to recognise your post.I'd go for nearer 23p but other friends are above that even!!