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We know the KSA trial will be worth $30m of MSAR.At $60 per barrel thats 50,000 barrels which is approx 7,142 tons.At a profit of $10 per tonne that is a total profit of $71,420. I think my logic is correct.
And I thought 3.5p was pathetic - this is bordering on ridiculous. How can a company with an increasing revenue stream, turnover and profit on the up, debt being reduced at a fair old pace be worth less than it was 2.5 years ago when they had no revenue and no tailings contracts. I don't get it, I really don't, this should have been on a steady northern trajectory all through 2017 and beyond. I think it's all these crazy people buying in to bitcoin instead - an invisible unregulated currency that you can't spend anywhere that could be hacked and stolen at any moment with no come back if it is. We live in truly crazy times - logic and years of solid business principles appear to have just gone out of the window. JLP has done incredible work and has great prospects but the herd continue to buy bitcoin. I think having Colin Bird at the helm is holding us back - he might have mining experience but he's clearly not held in high regard by institutional investors as a solid Chairman. I'm holding tight for now - rant over. idg69
We should see the SP go over the 10p level this week.That is before any RNS.
Have we got bad news coming with the share price fall. Come on Colin tell us poor shareholders what is going on please.
Like many here, I'd like to thank you Dave for your detailed reports on IQE. Perhaps fewer would like to join me in also thanking Winning Streak too, for effectively playing devil's advocate.
I dont expect any new news today so no major movement in the SP.
Or it's simply clued up investors reading the amount tied up in bank garantees + cash needed to drill + cash needed to buy new area = placement !!
Morning Breezy, 600,000 should be quite a profit @ 20p in a couple of years time. Offloading AFC proved very wise at 17p they're dropping like a stone at the moment. Stay patient my friend and I'm sure you'll be rewarded for it. Have a good day matey. idg69
BofA Merrill Lynch upgrades Tullow on back of debt refinancing ... about time someone gave them credit ... Tullow has to be undervalued now with that major risk removed ... Target price 250p acc. to article in Irish Times this eve.