Ref Mayan Energy
#MYN
Update on wells on stream is due imminently. MM's once more looking for "leafs" (tree shake) but stock not coming in. Season is spring not autumn for shldrs here. Don't be a leaf!
Ref Mayan Energy
#MYN
- we have spoken with Chairman
@charlieawood
and have had confirmed that speculation of an imminent placing in the stock is wholly misplaced. We are taking advantage of weakness in attempting to add to our position.
#alignment
@TexasEddieG
We have been thinking about the Beaufort collapse. With all clients locked down re ability to trade, companies with high impact news on the horizon could see a squeeze in price as selling pressure from decent holders is no longer there. Prospex O&G &
#PXOG
ValiRx
#VAL
in partic.
When u look at
#EQT
#AAA
#JAY
#HZM
#COPL
#DVRG
#BOOM
etc etc the sheer magnitude of wealth destruction on AIM/small caps post the Covid boom is simply mind blowing. There needs to be wholesale change re how mgmnt are remunerated.
Pleased to relay positive meet with Valirx
#VAL
this morn that increased our confidence in commerciality prospects materially. Full update for Mon morn,
Could not have wished for a more reassuring and positive RNS from Mayan Energy
#MYN
this morning - "shallow wells and multiple pay zones in an oil friendly domicile" & "continues to progress towards its near-term target of a total productn rate of 500bopd"
Just increased our exposure to Valirx
#VAL
here. Thanks to Beaufort Securities and CEO for decimating momentum with needless placings. Pays to always keep powder dry.
Complete validation of the workover process at Stockdale by Mayan Energy
#MYN
this morm - we contine to remain v positive and reiterate our Conviction Buy stance
Ref Mayan Energy
#MYN
Update note to come soon. Current Mcap - £7.7m. Net cash and current assets (BLOE & PQE) over £2m. Rump biz trading if they get to 500 bopd in next 5 months on circa 1 times 2019 earnings. Completely binary now. If mgmnt deliver X 4-5 upside.
@TexasEddieG
Worth a re-read ref Argo Blockchain
#ARB
- key line - "...with a mining margin of 54% this translates into just under £15m per annum of NET CASH INFLOW being generated with a bitcoin price of around $10,000." At $,7800 this stilll equates to @ £12m.
... look to hit our near-term production target of 300- 500 bopd and in the process transform Mayan into a highly cash generative US focused oil and gas company that is primed for growth"
#MYN
Re-rating we expect to commence in earnest as we go through Q3.
Ref Gulf Keystone Pet
#GKP
- Looks like we are days away from pipeline reopening - "A flurry of technical meetings between Turkish and Iraqi officials in recent days suggests there is revived momentum in negotiations to reopen the Iraq-Turkey oil export pipeline." We maintain an
Ref Anglo African O&G
#AAOG
. Baited breath awaiting Djeno results. Would expect RNS in next 24/48 hrs based in drill depth & progress. Our stance per here - Mengo underpins current share price by a factor of 1.5 times alone in our analysis. BUY.
We are expecting an end Q update from Mayan Energy
#MYN
this wk as flagged by Eddie Gonzalez. Perhaps another attempt at breaking the key 1p resistance level.
Half decent volume on Metro Bank
#MTRO
today and into the close - indicates a desire on shorts part to cover. Window for orderly exit is closing in our opinion. Skew, as per our piece yesterday is to upside. Still looking for £3 or beyond in weeks ahead per chart.
Ref Anglo African O&G
#AAOG
. Baited breath awaiting Djeno results. Would expect RNS in next 24/48 hrs based in drill depth & progress. Our stance per here - Mengo underpins current share price by a factor of 1.5 times alone in our analysis. BUY.
Our followers may recall our calls on ITM Power
#ITM
sub 20p, Silence Therapeutics
#SLN
at 60p, Argo Blockchain
#ARB
@ 5p, Eqtec
#EQT
sub 0.2p etc - we sincerely believe Corcel
#CRCL
will be joining our multibagger club.
New update note out on Corcel
#CRCL
today highlighting what we believe to be one of the largest disjoints in valuation in the AIM market at present - Buy with revised price tgt of 19.35p.
We are doing some work on the relative valuation disparities between Petroteq and & Mayan Energy's
#MYN
interest in Deloro. Highlights glaring undervaluation of Mayan.
@TexasEddieG
Ref Metro Bank
#MTRO
Conf call - "We would not expect to come back to the market (re equity) in the near term" Reiterated "100%" by co director. "Liquidity is very very strong today". Chart here gives guidance as to potential range tomorrow.
Complete validation of our Conviction Buy call out on Anglo African O&G
#AAOG
this morn re Tilapia production plan. This alone justifies a stock price twice current. Buy
To put into perspective - the in-situ value of the 891k newly inferred & indicated Ni resource at today's prices is $23bn. Market cap? £5m. Doesn't even scratch the scratch of the scratch of the surface ref optionality value.
#CRCL
Ref Corcel
#CRCL
The import of this morn's JORC resource update at WoWo cannot be understated. Full blog explaining implications for the company to be released later.
Ref
@mayan_energy
#MYN
it is obvious to us the market has no stock. There has been churn from non patient holders last few months but we continue to expect a run at 1p and beyond in nr term as further workover news comes through. Stay long.
Welcome update for the bulls of Audioboom
#BOOM
this morn - We remain perplexed at the decline in the share price last 4 wks given 2024 forecast to be a record year. 300p looks to be in sight next week.
News out from Mayan Energy
#MYN
this morn. Whilst weather has impacted work overs the message is clear - confidence and high impact news flow to come. Looking for an opportunity to add to our holding.
Pleasing to see Mayan Energy
#MYN
shares recover by day's end on erroneous placing speculation. Here's the real story on the ground - Looking forward to newsflow in wks ahead & renewed ascent on the key penny barrier.
Any sellers of Mayan Energy
#MYN
plse contact us at richard.jennings
@alignresearch
.co.uk - we are active buyers here and both parties can dispense with usual market maker nonsensical spread
Looking at the EOD prints in Mayan Energy
#MYN
looks like our "friendly" MM's went short the stock to us. Leaves them exposed in the event of renewed bout of buying.
#KNOWTHEGAME
Buy note release by VSA on Columbus Energy
#CERP
noted today. Mkt cap of near £40m rather makes a mockery of Mayan Energy
#MYN
@ £7M based on higher prospective bopd forecasts for 2018 & 2019 in Mayan's case. Without a doubt our highest conviction call at the moment.
#oil
We would expect a field update from Mayan Energy
#MYN
before Xmas closure. Standing firmly by our Conviction Buy stance and expect this to head up our 2018 Top 10 picks list.
#oil
We have been quietly accumulating Woodbois
#WBI
last several weeks having followed the Co indepth under its previous guise as Obtala Res. Looks like major overhang from Miles Pelham & Lombard Odier almost gone. Expecting 2p+ in short order.
Feels like Novacyt
#NCYT
wants to continue its run from deeply oversold basis (per attached chart) - could see 260p+ today in our opinion but a clear break of 240-250p on a weekly close basis targets 450p
Noticeable tick up against moribund market in Novacyt
#NCYT
Market chatter of a poss resolution ref DHSC dispute. A positive outcome here could be worth upwards £1 a share.
A stark illustration of the abject madness of investors sometimes - Wildcat
#WCAT
mkt cap almost the same as Corcel
#CRCL
. One co has @ £300k on balance sheet & no assets. The other has pro forma cash due of @ 70% market cap, 3 blocks in Angola with estimated OIP of approaching
Ref Oilex
#OEX
Brief dialogue with mgmnt this morn. Extension application not entirely unexpected. Changes nothing re valuation assessment from our perspective. "Last throw of the dice" on GSPC's part from what we can see.
Good finish 4 oilies in general last week. Looking at volume in Mayan Energy
#MYN
it feels like persistent seller that as plagued stock has finally been chewed through. Looking for break beyond 1p soon.
Seems a flurry of interest in Eco Atlantic O&G
#ECO
this morn post last wks placing. Our stance remains it is probably the most undervalued Oil explorer globally at this price given near neighbours strikes in SA & Namibia in recent months. Buy.
Exceptional operations update just out from Mayan Energy
#MYN
that should silence critics. Cash flow +'ve & rising production. Our take to come shortly -
Ref Mayan Energy
#MYN
. Expecting to complete interview with Eddie Gonzales in next 24 hrs. Proper questions being posed re company prospects & implications of current RNS'.
This could be dynamite to Metro Bank
#MTRO
stock price in short term as fellow shorts anticipate and close out b4 - "It would involve shutting the flagship European fund he manages and returning the money to investors"
@EssexPR
@naomirwolf
We can prove it. Been in SA for 10 wks. Mixed freely with perhaps 1000 people. Handshakes, face masks off etc. Healthiest ever been. U have been LIED to
Ref Corcel
#CRCL
It appears we are bidding on KON15 adjacent block on a non operated basis - Some additional color on the size of the prizes at KON12 & KON16 - "monster opportunity" does not underplay it. OOIP est of over 3bn barrels (unrisked).
Ref Blenheim Nat Res
#BNR
- We are expecting the ICO to be well received & place a value on this alone in excess of 1p per share. Expect strong newsflow in weeks ahead on Brandshield.
Managed to pick up a small amount of Mayan Energy
#MYN
this morn. Feels like the "friendly" MM's are looking to pick up stock as 0.65-0.70 spread had nothing on offer side. Remember the saying "don't be a leaf" (ref tree shakes)!
Per this morns RNS - A Karam is sending a clear signal with the £250k conversion in swapping a fixed debt charge with interest for outright equity. Seems he is looking to put a floor under the stock of 0.80p ahead of flow test results.
#CRCL
Ref Corcel
#CRCL
We are at the key 0.80p Conv Loan level. A conversion here by Extraction SRL would, in our view, cement a serious new floor and allow the re-rate to gather pace.
Corcel
#CRCL
closing in on key £25m market cap now (@ 1.5p) - still puts a value per est boe at Tobias13 alone of just $2.50 boe (@ 12m boe net & excludes other fields in KON11 let alone KON12 & KON16) Awaiting flow test and looks like 1.5p is next consolidation level from chart.
Looking forward to updating the market with our new note on Mayan Energy
#MYN
next wk and hoped for continuation in re-rating of new Conviction Buy call - Oilex
#OEX
#OIL
Ref Eco Atlantic O&G
#ECO
Noticeable move in CAD yday, trading equiv of 46/7p. Surprised no well result announcement thus far. Trading over next 24 hrs likely give game away as to whether we have the desired strike. Fingers remain crossed for all involved.
We've had a few requests to unblock abusers, impugners and generally the worst of human nature. Our policy is clear - ONE strike and u are out.
#ZEROTOLERANCE
Ref Widecells
#WDC
Given oversold status per attached chart we are looking for a run back to 0.76 as a starter and 0.95p possibly in days ahead. Expecting material strength out of the gate.
It looks like a sharp reversal from deep oversold basis on the cards for Metro Bank
#MTRO
tomo ref the declaration of a 4.3% stake by Jaime Glinski Bacal - Aside from purportedly Virgin Money, Lloyds, CYBG and of course ex Chairman Vernon Hill aswell as
Noticeable tick up against moribund market in Novacyt
#NCYT
Market chatter of a poss resolution ref DHSC dispute. A positive outcome here could be worth upwards £1 a share.
New update note release out on Mayan Energy
#MYN
this morn - We were surprised at the valuation that popped out on the forecast production figs. New Conviction Buy.
Ref Gulf Keystone Pet
#GKP
Looks like the market is catching a sniff again of developments ref the Kurdistan-Turkey pipeline re-opening. 120p+ on such news in our view.
Looks like a semblance of sensibility returning re Mayan Energy
#MYN
stock price. Had dialogue with CEO Eddie yesterday and it seems he is ready to move up a gear re delivery. Happy holders.
Sincerely hope our followers took advantage of our recent "Take Profits" calls on Argo Blockchain
#ARB
, Eqtec
#EQT
& Xtract Resources
#XTR
- gains are NOT gains until they are in the bank. Never forget that