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Santorini rig on site to spud $galp ‘s 3rd well on 10 bn+ Mopane discovery. ~4 well campaign looks like an appraisal well. Probably to address any contingency issues during farmout discussions to maximise value. ~4 km from X2, ~10km from X1 well. X2 didn’t have a DST in March
Thor Explorations is of course the company that has these absurd fundamentals which are only getting better by the day. A mine life of 5 years (and maybe more) in which at current prices they are generating more than their market cap every year... $THX.V #THX
Guess the company? 85,000 oz gold production in 2024, FY AISC $850, no debt by year end, zero corporate tax, dividend likely starting H1 25, likely $35m in net income in Q4 alone. Current market cap... $125m USD, I added more this morning. $GDX $GDXJ
Never invest in the next big thing:
OPEC has urged Iraqi Oil Minister Hayan Abdul Ghani to allow the Kurdistan Region to resume the export of 200,000 barrels of oil per day, a member of Iraq's parliament revealed on Monday. #Iraq #Kurdistan #KRG basnews.com/en/babat/858581
After Trump told Elon that “nuclear warming” is a bigger threat than global warming, I asked my team to dig up Trump’s past comments on nuclear war. I was NOT prepared for what they found. I’m convinced Donald Trump is a pathetic psychopath… Thread. 🧵 /1
@Will_I_amLundin Vi vill ha dig som gäst i Sveriges enda (& bästa) finanspod där kolväten diskuteras majoriteten av tiden. Kom igen!
This is how you lose reserve currency status and see your borrowing costs explode.
Major oil corporations like Shell, TotalEnergies, Exxon, and Chevron are vying for a stake in Namibia's oil reserves. Production is expected to start by 2030, potentially bringing about a significant economic transformation in Namibia. oilprice.com/Energy/Crude-O…
This is a really good example of why you should take both sides of an arb, even the -EV one, provided betting limits are large enough relative to your bankroll that you're able to bet optimally. Attached image shows how much better off a bettor with a $100 bankroll is betting…
Imagine this: fair coin, heads +300, tails -105. What gives you the most long term bankroll growth if you can bet both? If you bet $0 on tails, you failed risk management.
#Namibia showdown looms in battle for stake in Galp’s ‘crazy’ Mopane discovery All Western majors have shown interest in prolific Orange basin find that holds in place resources of 10 billion barrels of oil equivalent upstreamonline.com/exploration/na…
#GKP #GENL $DNO $HKN $SNM @apikur_oil #Kurdistan #Iraq Says Deal to Restart Oil Exports via #Turkey Coming in Days. bloomberg.com/news/articles/…
I've been asked for years, "What is going to replace the USD?" My answer has always been"Nothing is going to replace the USD...but gold IS replacing USTs as primary global rsv asset." Sanctions on Russian FX rsvs makes this trend likely to continue.👇 Great chart by @JanGold_
India imports more silver in 4 months of 2024 than in all of 2023: economictimes.indiatimes.com/news/economy/f… $SLV #silversqueeze
Silver Bull Analog Chart #silversqueeze Past cyclical moves in Silver plotted on scale of current move.
#China’s Silver Imports Set to Jump as Solar Demand Lifts Prices Premium in Shanghai has climbed despite surge in world prices Dwindling inventories make the metal even more attractive bloomberg.com/news/articles/…
Gold trades at all-time highs. Meanwhile, gold stocks are trading at historically discounted levels to gold price. I’ve never seen such apathy for a sector with such strong underlying commodity price strength. The opportunities are enormous. H/t @RickRuleRulz #gold
Some further logic based reasoning expanding on my #SRB post this morning. Join the dots and it is clear that a successful conclusion to the Coringa license process is in the offing.
2/4 I have been through the #SRB ECI (November 2023) for Coringa and can find no reference to a full processing plant at the mine site. It covers only the current plan. Crushing - ore sorting - trucking to Palito.
Sintana's share price is at C$1 for a market cap of ~C$400MM. Using that valuation, the share price should do a 3x without including the other 4 licences $SEI.v
Bloomberg says: "Whole asset could be worth $20bn based on oil estimates". Not sure who made those or how, but that would translate into almost $1bn for $SEI.V stake at least, as being carried makes it more valuable. Now check again the current mcap
So I asked my new favorite AI search engine, Perplexity, the following question: "How ambitious are India's plans to expand its solar photovoltaic industry?" The answer (below) is mindblowing. None of us own enough silver. @Oliver_MSA @KingKong9888 @oriental_ghost
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