Dominating the MARKET !!!!!!!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Best post in the past 6-months....by anybody. Sticky'd
Cheers !
van
Still cheap, still loading up.
Any way you chart it, the strength in PVG the past 7-days+ has been pretty steady.
without a major drop in AU prices, this may stay in the $7.80-$8.18 range for awhile.
Drilling at depth results may continue to come out in a couple weeks.....proving that Brucejack is open at depth.
Potential
Van
Good post. Thank you for keeping the board on a constructive path.
I fear you are not correct, and the lowest place to "reload" may be the $7.20 range.
time will tell.
Ya, that only makes sense. 10:1 is very reasonable.
On we go !
20:1 for us in US and canada is much better than 60:1.
Price action the past 3 weeks has been STRONG for HRT. Looking better daily. I sold a bunch, and it goes up.......pretty standard.
It'll be interesting to compare the price action right after the R/S, compared to where we trade now. My guess is that $.18-$.20 equivalent is where it will start out.
JG is no doubt ready to buy BIG. that is the wild card.
Van
I continue to accumulate. Temex is a great value at these levels.
Van
Boom !!! $8.12
Great post Drilla. I also think buying pressure will increase, when JG is allowed to purchase more than 20%......that will be possible in the next couple weeks.
Once they have the green light, my guess is they accumulate upto 51% of HRT fairly rapidly......just a question of how cheap the current holders will let them purchase shares at.
I could see a 50% price increase in the next 4-6 weeks.
Agreed, if they can keep a % stake into production....this is Golden. Even a decent Royalty with Franco Nevada would be adequate, if they couple it with traditional debt.
Let's hope they go that route.
Feasibility - The only major negative in the updated feasibility from my perspective was the delay in Production timetable to 2017. Aside from that, the financing piece not being closer to fruition was also a delay that was a bit negative.
If RQ came out early with great Debt financing for Brucejack, the stock would fly, and never look back.
The permit application I expect to be a Non-event. However, the Permit review and acceptance at the BC level, I predict to be the biggest catalyst for the PVG price to head north in a BIG WAY.
Van
Gold on FIRE !!!!!!! Please Puppet masters, bring it back toward $1190 one more time.....I want to TOP up on all the AU & AG producers
They have about 8-weeks left to try and push AU toward a bottom at $1200. That'll allow all the Hedgies to load the boat going into fall, and let them feel good about saying it was in a declining channel.
This Fall will be interesting. I bet we see $1450+ before Thanksgiving.
No call. but I don't have a land line.....and my proxies are delivered by raven or by courier.
We are past the Fee date it appears:
http://www.dtcc.com/~/media/Files/pdf/2014/5/12/0954-14.ashx
DTCC offers enhanced access to all important notices via a Web-based subscription service.
The notification system leverages RSS Newsfeeds, providing significant benefits including
real-time updates and customizable delivery. To learn more and to set up your own DTCC RSS
alerts, visit
http://www.dtcc.com/subscription_form.php
.
Non-Confidential
1
Important Notice
The Depository Trust Company
B #:
0954-14
Date:
May 12, 2014
To:
All Participants
Category:
Depositary Service Fee
From:
International Services
Attention:
Operations, Reorg & Dividend Ma
nagers, Partners & Cashiers
Subject:
Depositary Fees Notification
HRT Participacoes EM Petroleo S.A
CUSIP: 404275109
Deutsche Bank Trust Company Americas
The Depository Trust Company has received from
Deutsche Bank Trust Company Americas, the
attached information regarding depositary fees
. Charges will be proces
sed through the billing
statement on the seventh business day of the following month.
.
Important Legal Information
: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy,
timeliness, completeness or
fitness for any particular purpose of the informati
on contained in this communication, which is bas
ed in part
on information obtained from third parties and not independently ve
rified by DTC and which is provided as is. The information c
ontained
in this communication is not intended to be a substitute for ob
taining tax advice from an approp
riate professional advisor. In
providing
this communication, DTC shall not be liable for (1) any loss resu
lting directly or indirectly from mistakes, errors, omissions,
interruptions,
delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, a
nd (2) any
special, consequential, exemplary, incidental or punitive damages.
To ensure compliance with Internal Revenu
e Service Circular 230, you are hereby noti
fied that: (a) any discussion of federal ta
x issues
contained or referred to herein is not intended or written to be
used, and cannot be used, for the purpose of avoiding penaltie
s that may be
imposed under the Internal Revenue Code; and (b) as a matter of
policy, DTC does not provide tax,
legal or accounting advice an
d
accordingly, you should consult your own tax, legal and
accounting advisor before en
gaging in any transaction.
Deutsche Bank Trust Company Americas
Trust & Securities Services
Global Equity Services
DEPOSITARY RECEIPTS
To:
Holders of Global Depositary Receipts (GDRs)
Issued in respect of equity shares of HRT PARTICIPAÇÕES EM PETRÓLEO S.A.
GDR Cusip: 404275109
GDR ISIN: US4042751093
In accordance with the provisions of the Deposit Agreement dated as of April 29, 2011
among HRT PARTICIPAÇÕES EM PETRÓLEO S.A. (the "Company"), Deutsche
Bank Trust Company Americas (the "Depositary") and all Owners and Holders from time
to time of Global Depositary Shares ("GDSs") issued thereunder, the Depositary hereby
announces that it has established June 12, 2014 as the record date for determining the
persons and/or entities liable to the Depositary for the annual fee of U.S.$0.02 per Global
Depositary Shares for depositary services.
In connection therewith, the Depositary will instruct The Depository Trust Company
(DTC) to debit the accounts of each of their respective participants holding GDSs (or
interests therein) as of the June 12, 2014 record date for the amounts owing in connection
herewith.
Deutsche Bank Trust Company Americas
As Depositary
May 12, 2014
Deutsche Bank (the “Depositary”) hereby represents and warrants to The Depository
Trust Company (“DTC”) that it may collect and receive, pursuant to the terms and
conditions of the Deposit Agreement(s) (the “Agreement(s)”), each dated as of April 29,
2011 by
HRT PARTICIPAÇÕES EM PETRÓLEO S.A.
and the Depositary, an annual
service fee per GDR share in accordance with the table below (the “Representation”):
Depositary DTC # Security
Name
CUSIP Security
Type
Fee Record
Date
Billing
Period
Deutsche
Bank
2655 HRT 404275109 GDR 0.02 06/12/14 2014
The Depositary hereby instructs DTC to collect and pass-through such fee(s) to the
Depositary (the “Instruction”).
Depositary hereby agrees to indemnify and defend DTC and its respective officers,
directors, employees, agents and attorneys (the “Indemnities”) from and against, and hold
the Indemnities harmless from, any and all Losses
1
and/or Legal Actions
2
suffered or
incurred by the Indemnities resulting from, relating to, arising out of, or in connection
with the Representation and/or the Instruction.
Come to Papa....still waiting to TOP back up. Sub $6.50 is the Target for me to attack the Ask.
What is the T/A telling ya at this point 123Tom ???
Yep....the next bounce, gets people off the couch. Should not occur (if seasonality holds true) until Early Fall of this year.
Summer of 2014 should be acknowledged as the best period ever to LOAD selective mining companies on the Cheap, before the next LEg up begins in the Metals.
Let's see if consolidation in the space fuels this Fire a bit before then.
I need a few more weeks to LOAD UP.
Van
Breaking Out. Short covering across the miners IMO. PVG looking ready to break the $7.50 in the next couple days.
They are currently proposing Meerkat......source rock and migration distance will be critical to analyze from this well's results.
Lots of targets to choose from in HRT's quiver
Yep, my mistake. I meant to say June. As far as earliest....that is darn hard to figure.
Like the analysis states, if they pass through the first 3 targets, and they are all dry.....they may stop drilling, plug, and move on. IN that case, the news may come earlier than expected. No analysis needed on Dry wells.
I don't expect the well to be "dry", and DO expect hydrocarbons, and actually Oil in the well. Hydro-carbon signs should push them to drill to total depth, and require time to analyze exactly what they have at each Target reservoir.
Basically, if a PR comes out before the end of the month, it will likely be negative in my mind. If nothing comes down prior to July, then the outlook becomes more OILY in my estimation. They have something to analyze.
The longer we wait, the better the potential result in this case......pending delays obviously. NO early news, is good news.
Hope that helps.
Van
I believe this analysis to be a bit optimistic on dates....and the formal PR will be at least 2-weeks out. July 28-29th would be my weekend guess.
HA !! Nothing. I doubt we get a formal PR before the end of the month. However, there is ongoing speculation that they have already passed the first couple targets. see below
Note, a lengthy post so scroll to the bottom for reservoir target dates if you want to skip the preamble.
Poetical was right quoting the figures from p24 of the original CPR, you can download from here:
http://www.towerresources.co.uk/investor/files/Namibia_Licence0010_Tower_CPR_Letter.pdf
To repeat what Poetical posted, the distance remaining to the apex of the reservoirs from the drill distance at the point of the BOP issue of 1879m is:
P 91m
M 231m
UC 271m
CW 351m
A 651m
Note the closing contour for the A reservoir is 2600m so the remaining drill depth to the bottom of A is 721m.
With regards drill depths we know that between re-spud on 01 May and BOP issue (reported by Rowan as 19 May) the RR drilled 1879m less 1000m water = 879m of rock in 19 days, including casings, a drill rate of roughly 50m per day.
The original problem with the slumped well head was not reported so I am assuming this would not have affected the overall drill timescales of 46 days.
The problem with the BOP was reported because of the considerable delay which turned out to be 16 days from 19 May to 4 June.
Since the drill is still expected to be completed within budget, therefore I assume the same drill timescales with Rowan paying the bill for the delay, then adding the 16 days to the original 46 takes us to a target end date of 24 June.
In other words there is a total of 20 days from the drill recommence on 4 June and the new target end date of 24 June.
IF the RR drills all the way to the finish, i.e. the A reservoir then to complete the well the RR would need to drill a total of 721m (to the bottom of A), a drill rate of 36m per day.
SO, we can surmise that the drill rate will be between 36m and 50m. Any slower than 36m average all the way to the bottom and the well will go beyond the target end date. 50m was the distance drilled in the first section of the well to 1879m.
Based on these assumptions we can reasonably expect the reservoirs to be penetrated on the following dates:
P from 05 Jun to 06 Jun
M from 08 Jun to 10 Jun
UC from 9 Jun to 11 Jun
CW from 11 Jun to 13 Jun
A from 17 Jun to 22 Jun
We know that positive results from P and M will lead to continued drilling; otherwise on negative results in P and M drilling will stop.
So, given that tomorrow is 10 Jun, based on the above, we can reasonably expect that P has already been drilled and M will be reached by latest tomorrow (assuming no delays).
As already stated by Poetical, if RR is still on location and tight hole status remains (therefore assume drilling continues) by the end of this week I think that would be a very positive sign indeed.
Agreed, but it can only remain this undervalued for so long, before someone makes a move.
Only a matter of time here, before PVG gets a takeout offer, or firms up a nice JV with a Cash loaded Major/intermediate.
The pullback has been pretty short lived thus far.....hoping it breaks down to $6.18 level one more time, so I can Top up FULLY, one last time.
One of the best Values around in any space.....for my money
Van
Good post. A Great Summary IMO.
Crossing finger for a Commercial OIL hit in Namibia.....right before July 4TH !!!!!!!!
Tower WW drilling is probably past the first Target reservoir, and approaching the second.
Let's hope the analysis and trading the next 5-10 days shows some hopeful results.
I will hold through the duration of course, but a Commercial OIL hit in the Region would merit a complete re-rating of HRT, Chariot, Pan continental, ECO, and Tower. 3-5X potential with nearly all of them is riding on this immediate well. Farmout rates will increase to multiples of recent levels for any PEL's in the area.
All we need is One !!!
Van
Tower WW drill is probably past the first Target reservoir, and approaching the second.
Let's hope the analysis and trading the next 5-10 days shows some hopeful results.
I will hold through the duration of course, but a Commercial OIL hit in the Region would merit a complete re-rating of HRT, Chariot, Pan continental, ECO, and Tower. 3-5X potential with nearly all of them.
All we need is One !!!
Van
The ECB should come through for Gold tomorrow. I expect Stimulus in a major way. Central banks have to fight Deflation.....or nobody borrows.
Without slaves, there can be no masters.
At least we have the math to back it up now. Nice post, and good dd. Every bit of digging helps.
Van
Thank you BVE for posting this. I appreciate the meaningful Facts....and keeping an eye on Polvo production is VERY meaningful to HRT.
Sure thing. I received the 5 proxy forms this afternoon (various accounts), and voted affirmative on all actions, except a Negative Vote on Item #3, regarding the Reverse Split.
I still believe the vote to strictly be a formality, but that is how I voted. If it comes down where my 1/3 of 1% mattered in the vote on the other issues, I guess that's how the cookie crumbles.
Yep.....those comments are right on track. My position has not changed. Good to see you on the calm chariot board. You should check out pretium while youre browsing my favorite stocks.
Yep. I am still pissed, but i live in the real world.....and trade accordingly. Thank you for keeping track of my posts.
You may note the ones that predict a share price Fall...AFTER the r/s is completed. that is the one that matters.
Also the one stating i am trading around the gds fee date.
Good luck boys
Van
The options DO get converted by the reverse split. That is always the case.
None. Too thinly traded in usa for me. No liquidity
Just breathe and enjoy other boards until after the vote. Sadly all that is discussed aside from drillahill, is overthrowing and fighting current bod and their proposals. Waste of time imo, and counterproductive. I have moved most of my hrt holdings into chariot.......just fyi. Im sure hrt will fly now :)
Van