Core Vct I Share Discussion Threads

[purple11] 19/6/2023 08:34

EDEN 3.75pBUY CALL

now 8.25p


xXTiPSXHEETSXx

[noirua] 30/5/2023 10:06

Noirua - 22 Nov 2021 - 16:37:26 - 10927 of 12124 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
Not going all that well with my only share to shift up a couple of gears being ASX: WC8. However, that is a share bought back in 2011 that was divided into three and I sold the other two and can't even remember the name of them.
The share crashed over 90% but is now only down 55% so matters are improving - up 30% today. Only another 60% to go as the AUD has weakened since then.

WC8 is Wildcat Resources Limited and has nothing to do with the UK's Wildcat.

--------

Well WC8 continues its upward march closing at 11c today down under. Now I'm up 130% so the 12-year wait has proved worthwhile in the end.

[noirua] 25/5/2023 17:01

I sold VRS during the day for a 52% profit over a few days. Definitely sold too soon but fun whilst it lasted.
Am looking at 6 others and 4 are close to a buy so if one or two are missed never mind.

[noirua] 24/5/2023 20:15

Wed 17 May 2023
Versarien jumps as tests show Cementene-enhanced concrete helps reduce CO2 emissions

The company said that, based on Banagher's average 60,000 cubic metre output of concrete per year, the savings achieved in the trials suggest that incorporating Cementene in the mix could offer "almost 4.4mln kg of CO2 savings per year".

[noirua] 24/5/2023 15:27

VRS taking off a bit more today at 1.65p - going for the first fence namely 2p. Due to AT trades the share price will jump around.

[noirua] 24/5/2023 09:16

VRS is interesting as the share price continues to move into plus territory. I'm hoping 3p can be breached though the first target is 2p.

[noirua] 22/5/2023 11:20

VRS Versarien looks like a nice little punt in hopes the strengthening concrete application works out well. New management looks a good option in and a merry gamble under 1.3p a share.

[purple11] 20/5/2023 20:36

CTL FROM 36p

[purple11] 20/5/2023 14:59

always on the money

IMM buy 3.22 3.18 335

target 12p

BUY HOLD ADD

xXTiPSXHEETSXx

[noirua] 15/5/2023 00:08

May 14, 2023

Buffett Cashed Up and Happy to Stay So



Shares are an attractive destination for Buffett’s cash at most times, but right now he seems to have decided that the attraction has waned a bit – Berkshire has sold more shares than it has brought for the past two quarters.

[noirua] 12/5/2023 12:28

I am annoyed with myself for not selling FRG Firerings as they have now slipped back again. Difficult markets persist in small caps.

Noirua - 17 Apr 2023 - 10:34:19 - 12098 of 12118 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
FRG continues to improve and at this rate, I might even move to profit. 10.5p needed to move into overall profit and a bit much to ask with no news.

[noirua] 11/5/2023 22:25

RRR Red Rock are in a terrible state as my holding is very large and bought at 0.251p average. So in a fair bit of trouble here. Got out of trouble in 2018 and 2020 but this time is going to be a big struggle. Sometimes averaging down many times can end up with one drowning in the soup.

[noirua] 11/5/2023 22:22

Closed out QBT Quantum at an average of 1.86p a share for a profit of just 3% but at least no loss this time.

[the chairman elect] 27/4/2023 08:20

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas



United Oil & Gas PLC (AIM: "UOG"), the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce its audited results for the year ended 31 December 2022. A shareholder and an analyst call will take place this morning, details are below.



Brian Larkin, CEO, commented:

" 2022 was filled with extensive corporate and operational activity across our portfolio, all completed with zero LTI's, TRIR's and environmental incidents. In Egypt it was a challenging year for United, with five wells drilled and completed in addition to a number of workovers, delivering mixed results following an exceptional 100% drilling success rate during 2020 and 2021. Abu Sennan remains integral to our portfolio and going forward activity on the licence will focus on maintaining and extending long-term production rates to generate operational cashflows for many years to come. In Jamaica, the farm-out efforts of this high impact exploration licence continued with the addition of a new advisor to support the process. In the UK post year-end, an agreement was signed for the conditional sale of the Maria discovery, which is in line with our strategy to actively manage our portfolio.



"Our work programme in Egypt in the first half has started strongly, with a focus on development drilling and workovers. We were delighted with the result of the ASH-8 well which is producing at stable rates and look forward to the results of the ASD-3 well which spud in March. For the remainder of the year, newsflow will centre around the results from our ongoing Egyptian drilling programme, the expected completion of the sale of Maria and further progress on the Jamaica farm-out.



"We remain committed to our growth ambitions with a focus for new ventures in the Greater Mediterranean and North and West African regions, where the Board and management's experience and relationships can be leveraged. As such, United is well placed to execute our growth strategy, with a continued focus on disciplined capital allocation to generate the best returns for shareholders. "



Operational summary

· Group full-year 2022 production averaged 1,312 boepd net (1,137 bopd oil and 175 boepd gas) in line with revised 2022 guidance of 1,300-1,325 boepd

· 2022 Egypt work programme completed, consisting of three development wells, two exploration wells, and eight workovers

· Safety and the environment: Zero lost time incident frequency rate. No environmental spills, restricted work incidents or medical treatment incidents

· In Jamaica, the completion of additional technical studies that were agreed as part of the licence extension have provided additional positive support to the farm-out process

· 2023 Egypt work programme has commenced positively, with the ASH-8 development coming onstream in March ahead of schedule and above expectations (post period)

· The second well in the 2023 drilling campaign, the ASD-3 development well, spud at the beginning of April 2023 (post period)



Financial summary

· Group revenue for full year 2022 was $15.8m (1) (2021 : $19.2m)

· The average realised oil price per barrel from Egypt achieved was $96.1/bbl ( 2021 : $68.9/bbl)

· Gross Profit of $12.9m (2021 : $12.3m)

· Profit After Tax $2.3m (2021 : $3.6m)

· Cash Collections of $16.9m (2021: $17.3m)

· Group Cash balances as at 31 December 2022 were $1.4m with Net Debt of $1.5m (FY 2021: Cash balances $0.4m, Net Debt $3.9m)

· BP Acquisition facility to be fully repaid in 2023

· Capital expenditure for the year was $8.6m (FY 2021 : $6.9m)

· Egyptian receivables of $4.4m (FY 2021 : $5.1m)

(1) 22% working interest net of Government Take



Corporate summary

· Appointment of Peter Dunne, as Chief Financial Officer, effective from 5 May 2022

· Amounts due from Anasuria Hibiscus UK Ltd for Crown disposal fully satisfied in the year ($2.5m)

· Completion and receipt of proceeds in relation to the sale of UOG Italia Srl to Prospex Energy for €2.2m plus €0.1m working capital adjustment

· Directors' purchases increase total directors' shareholding to 5.64% of issued share capital as at year-end

· Tom Hickey, non-executive director stepped down from the Board on 23 September 2022

· A binding Asset Purchase Agreement signed for the conditional sale of UK Central North Sea Licence P2519 containing the Maria discovery for a total consideration of up to 5.7 million (post period)

· United intends to seek the requisite shareholder approvals at this year's Annual General Meeting to approve a limited share buyback programme, which will be subject to completion of the Maria sale and market conditions (post period)

· The Company initiated a full review of its G&A expenditure in Q4 2022 and has commenced a programme to reduce these costs by up to 15% in 2023 compared to 2022 (post period)



Outlook

· Q1 2023 oil production averaged 841 bopd net, with an exit rate for the quarter of 1,275 bopd net

· The first well in the 2023 campaign, the ASH-8 development well, came onstream in March at rates above expectations and six weeks ahead of the anticipated start-up

· The ASH-8 result, coupled with the continuing development drilling in the first half of the year has the potential to have a positive impact on production levels for 2023, and actual quarterly production information will be provided in H2

· 2023 Egypt work programme consists of two firm wells, and at least eight workovers, with the potential to add additional wells and workover activity to the programme later in the year:

- ASH-8 Development well: Onstream in March 2023

- ASD-3 Development well: Commenced drilling on 1 April

- AJ14 workover: well drilled in 2022 is now onstream

- The potential for additional drilling in 2023 will be finalised with JV partners once the results of the ASD-3 well are available

· Farm-out campaign for the Walton Morant licence, Jamaica, continues to be a focus with the appointment of Energy Advisors Group ("EAG"), a Houston-based M&A advisory group, targeting US companies and investment funds. Process is ongoing with indicative offers due Q2 2023

· Group cash capital expenditure for the full year is forecasted to be approx. $5m, funded from existing operations, with circa $4.5m to be invested in Egypt and up to $0.5m across the other assets in the portfolio

· ESG focus on evaluating emissions baseline in Egypt with operator and contributions to social investment programmes

· Continued evaluation of new opportunities in the Greater Mediterranean area and North and West Africa regions to grow the business in line with the strategy



Events today

Management is hosting a call today at 0930 BST for analysts. For dial in details please contact [e-mail]



A shareholder call will take place at 1130 BST today. Investors that wish to participate in the event, please click on this link to register [...]



Confirmation email with the details of the dialling in process will be sent to your email address.

A presentation will be available today on www.uogplc.com

[noirua] 26/4/2023 14:01

QBT starting to move on Bitcoin bounce.

[noirua] 26/4/2023 08:34

Well FRG are looking good though no announcements so far. I'm tempted to sell at a small loss but will try to hang on in.

[the chairman elect] 24/4/2023 14:40

Firering LITHIUM / LSE:FRG

FRG now looking poised like a coiled spring just about to be sprung a lot higher!

Lord Buffett21 Apr '23 - 09:25 - 350 of 351

Firering has got to be about the most undervalued share I've ever seen in about 40 years of investing.

I could almost write a book about their prospects and likely size and value of their resources, but that's for the company to lay out in due course.

However, one simple fact is that their partner in the Atex project (representing about one tenth of Firering's overall exploration acreage) is funding the project to the tune of $18.6m/£15m in return for up to 50% farm-in of Atex.

By a simple calculation, Ricca is valuing Atex ALONE at four times firering's current market cap of £7.48m.

Furthermore, Firering currently own a 51% interest in an adjacent licence to Atex, which is twice the size of Atex, and have the option to increase their interest in that highly-prospective licence to 80% for very little money - about £550k, I believe.

Because 'Lithium' is not in the company name, very few people even know about Firering, so they're being completely overlooked at the moment.

But it's not just about the potentially vast amounts of lithium Firering are sitting on, they also have a very high-grade Coltan resource, ie tantalum and niobium, which is not only valuable but classified as 'conflict-free', unlike that from the DRC.

[the chairman elect] 24/4/2023 10:40

United Oil & Gas / LSE:UOG, the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets, will announce its results for the full year ending 31 December 2022 on the 27 April 2023.

A shareholder call will take place at 11:30 BST on the 27 April 2023.

Investors that wish to participate in the event, please click on this link to register [...]

[the chairman elect] 21/4/2023 15:35

New AIM IPO namely Beacon Energy / LSE:BCE - early days of course but starting to look really rather good

hxxps://www.ig.com/uk/market-insight-articles/beacon-energy-upside-potential-after-rto-230418

NPV of $55m lots of upside here. Expect it to rerate quickly in the space of the next 6 weeks.

$55M would be about five times the current market capital - that’s great!

[the chairman elect] 20/4/2023 11:05

Arc Minerals* (ARCM LN) 4.32p, Mkt Cap £53m – Historic and binding agreement signed with Anglo American on Zambian joint venture

BUY

Arc Minerals report the signing of a binding joint venture agreement with Anglo American on its exploration assets in Zambia.

Under the joint venture Anglo American will invest up to $88.5m, including up to $14.5m in cash to earn a 70% interest.

Arc, through its subsidiary Unico will retain a meaningful 30% stake in any exploration discovery within the joint venture.

Anglo American has the right to retain 51% ownership by funding US$24m of exploration within 3½ years and phased cash payments of US$14.5m.

The Joint Venture Agreement, including related investments and all cash payments, remain subject to certain conditions precedent being satisfied, including normal regulatory approvals in Zambia.

We understand all parties want to finalise the transaction as soon as possible and for drilling to begin at the start of the imminent dry season.

Under the jv agreement $3.5m of cash is due on closing with further payments of $1m on each of the next three anniversaries with a further $8m to be paid at the end of the period.

When the first phase is complete, Anglo American will have the right to retain an additional ownership interest of 9% to raise its ownership to 60% with another $20m of exploration spend within 2 years of Phase I and an additional 10% by funding $30m within 2 years of the Phase II.

Anglo appear to have a definite plan for development of copper to the west of Zambia inspired by Dave Wood, the discovery manager for Anglo in Zambia.

Conclusion: Arc has worked with Anglo American’s geological team and lawyers towards the signing of Anglo’s first exploration joint venture in Zambia since Anglo left Zambia and the Konkola Copper Mine in August 2002.

The historic agreement marks the return and restoration of relations between Anglo American and the Zambian government.

The settlement is a meaningful event for both Zambia and Anglo American with both parties working to ensure mutual respect and cooperation.

The sheer scale of investment, as indicated in the jv agreement, should enable Anglo to fully explore Arc’s, large and highly prospective package of licenses in the West of Zambia.

Arc’s licenses are in the Domes region of the Zambian copperbelt which supports the giant Kamoa, Sentinel, Lumwana and Kolweizi copper mines. Arc claims two significant early discoveries at Cheyeza East and Muswema North.

We can see other majors following Anglo American into Zambia and other highly prospective regions as they ramp up exploration in order to discover the next generation of copper and nickel mines.

While automotive manufacturers struggle with efforts to thrift valuable commodities the world still looks to be a very long way short of the metal tonnages required to meet the demands of the EV revolution.

*SP Angel acts as Nomad and broker. An share price Angel analyst has driven across the Zambian copper belt, flying the British flag, to visit Arc’s licenses West of Solwezi.

[alfierules123] 19/4/2023 23:50

hi im alfierules

[noirua] 19/4/2023 15:52

GRL Goldstone Resources have risen in lackluster trading to 3p - 3.2p. Thoughts are that a report is due on production and that the increase in the gold price should help continue paying down of debts.

[the chairman elect] 19/4/2023 15:15

AIM listed Beacon Energy / LSE:BCE

All extremely positive over @ BCE - looking forward to this one now developing....



+

hxxps://www.ig.com/uk/market-insight-articles/beacon-energy-upside-potential-after-rto-230418