Dominating the MARKET !!!!!!!!!
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Morocco Metrics
Pura Vida Energy May Investor Presentation:
http://www.puravidaenergy.com.au/media/media/1330097.pdf
I was just looking at the above presentation for any new info on Morocco and came across the information on Pura Vida Energy's farm out of their Moroccan acreage to Freeport-McMoRan Oil & Gas last year. They received $15 million in cash and a free carry on two exploration wells. The deal was worth $230 million to Pura Vida Energy, which is fantastic value for them. They have retained a 23% stake in the permit. If our BOD's manage anything like this in Morocco, it would be happy days ahead.
Freeport-McMoRan Oil & Gas and Pura Vida Energy have secured a rig for the two well drilling campaign that will commence in Jan 2014 with the second well to be drilled 2H 2015
http://www.energy-pedia.com/news/morocco/new-158356
Hoping for a Dip down to $6.50 range.....to load up more, in a Big WAY
Another great Presentation on Welwitschita
http://www.towerresources.co.uk/investor/files/TRP_AOGSPresentation_0113.pdf
Nice plug....
from aureport.com
Expert Comments:
The Gold Report Interview with Charles Oliver (5/19/14) "Pretium Resources Inc. is among my top holdings. . .I visited Brucejack in British Columbia last year. It's a "nuggety" project that's difficult to model. It takes a lot of drilling to get that necessary level of confidence. Last year the company processed a 10,000-ton bulk sample that produced around 6 Koz or about 0.6 ounces per ton. In February, Pretium sent another 1,000-ton sample to the mill and it produced around 3 ounces gold per ton. The important thing to look at with this company is that there is lots of gold underground; the model still needs work to figure out how best to mine it. Pretium is proceeding with further studies on Brucejack, but I think it will be a mine. It's also a potential acquisition as it is high-grade deposit in Canada." More >
Fully loaded here before the Tower well results are to be released. Great action in Morocco, and Mauritania as well.
Long Chariot
Cheap. With lots of upside. Just my style.
Loading daily.
Van
HAHAHA.....nicely put !
Agreed, and Agreed.
Torex got financing for the mine in Mexico...and PVG feasibility is vastly superior, along with lower Capex and jurisdiction.
Nice little company, building the mine.....but nothing compared to the Pretium package. Torex is also a buyout candidate to many analysts.
Bfs
Base Case Using $1,276/Oz Lom Average Au Price
“
Morelos Gold Project, 43-101 Technical Report
f
easibility
s
tudy, Guerrero, Mexico” dated
effective
s
eptember 4, 2012
A Gold Mine for all Seasons
*
Proven and probable mineral reserves
48.8
mt
@
2.61
g/t
Life of mine strip ratio (waste: ore)
5.6
:
1
Mill gold head grade
2.61 g/t Au
Mill gold recovery
87.4 Au
Mine life excluding production tail
10.5 years
Average annual production 2017 to 2024
358 koz Au
Peak annual production
464 koz Au
LO
M cash costs net of Ag credits
US$504/oz
Capex up to commercial production (without revenue credits)
US$725 M
Cumulative cash flow
US $1,302 M
After tax NPV @ 5%
US $702 M
After tax IRR
19.1%
Capex payback
3.7 years
2017 EBITDA
US $282 M
Agreed, but with 17M volume in Brazil, and a pretty large upswing.....the shares are still too cheap.
$.1877 now fair price on HRTPY, deep discount.
Running hard in Brazil....up 15% to .82
Hrt Petroleo-on Nm (HRTP3-BSP)
Last: 0.82
Change: 0.11 +(15.49%)
11:06:45 EDT
Overview
Chart
Last 0.82 Volume 8,956,700
US price should be .174...discount again.
DrillaHill, Looks like it's just you and me here for the early Chariot load up. Longer term this will work very, very well.
Better position for the company overall, than when it traded for $3.00+
Van
Pretty solid earnings.....they have turned a corner. Perhaps.
Nice......$30m plus income without depreciation included......thats about 25% of their market cap in one quarter !
Loaded a ton more chariot today at .33
That was me....ill pull some other sell orders. See how it goes during earnings.
Somewhat true. Up in brazil....low volume.
Brazil holding up well......low volume also
Correct..but not this year. 2015 and beyond
I hope it dips back below $5.00.....that's all I can say. By far the best place in the space right now. Hands down.
I would challenge a better play.....maybe NGD due to production, but that is it. Not the same upside horsepower...nothing beats it.
Final thought: I wonder if Tanure is looking to Take HRT over, right before the news of Tower Drill will be released. Along with knowing perfectly well, that a Farmout in the region is worth $50-$80M minimum regardless.
He knows reverse split will make this dive......and gets the BI-Laws changed at the same time allowing him to load upto 49% of the cheap stock without doing anything.....and then can offer any amount over the trading price when he sees a good spot to do so.
I want to be a Brazilian shyster when I grow up
When you see what is happening with HRT, you are going to wish your $$$ was all over here Drilla. Well at least I do.
It still may end well for those on HRT at this low level, on a cheap take over by Tanure......but D@mn they are playing tough. Killing the stock.
Oh sweet, we have until tomorrow to vote
The record date for the determination of holders of Global Depositary Shares
entitled to (i) receive notice of the Special Shareholders’ Meeting, and any
adjournment(s) thereof, and (ii) provide written voting instructions to the Depositary
has been fixed as the close of business on May 14, 2014.
Translated Minutes
HRT Participações em Petróleo SA
CNPJ / MF : 10.629.105/0001-68
NIRE : 33.3.0029084-2
HELD COMPANY
MINUTES OF THE BOARD OF DIRECTORS
Publ . No. 07 /2014
HELD ON MAY 13, 2014
. 1 Date , Time and Place : After 13 days of May 2014 , at 10:00 am, at the headquarters of HRT
Participações em Petróleo SA ( " HRTP " or the "Company " ) , on Avenida Atlântica , n . º 1130, Input 1 ,
with supplementary entrance at Avenida Princesa Isabel , 10th Floor / part , Copacabana , in Rio City
de Janeiro , State of Rio de Janeiro , CEP 22021-000 .
2 Notice : . A call was made ??through electronic correspondence sent to all
members of the Board of Directors of HRTP on May 6, 2014 by the President of
Board of Directors Mr. Calixto Hélio Costa .
3 Presence : . All members of the Board attended the
meeting : Mr. Calixto Hélio Costa , Vinicius Nascimento Carrasco , Haroldo Borges Rodrigues Lima ,
Junior Peter Grossi , Ronaldo Carvalho da Silva participated at the Company and Messrs. William
Connell Steers and Elijah Ndevanjema Shikongo participated by conference call . participated as
meeting invitees Messrs. Milton Romeu Franke , CEO of Golden and Ricardo Bottas
Santos , Chief Financial Officer .
. 4 officers: Chairperson: Mr. Calixto Hélio Costa , Secretary of the table : Mrs. Priscilla Sarandy
Domingues .
. 5 Agenda:
( i ) Examine the related consolidated quarterly financial information ( ITR ) and revised
the first quarter of 2014;
( ii ) adopt and publish on the notice convening the Extraordinary General Meeting of
Company to be held on first call , on June 13, 2014 , and
second call on June 24, 2014 , and related materials to be
disclosed;
( iii ) To ratify the contract of service between HRT Lux Sarl Energy (holder of
platform and probe octopus ) with HRTP ;
( iv ) To ratify the agreement with the ex - Director Mr. Nilo Azambuja , as approved in
Board of Directors' meeting held on April 22, 2014 ;
( v) Payment of monthly compensation to members of the Supervisory Board of HRT ;
( vi) To approve the payment of the salaries of suspended members of the Board of Directors
the previous administration ;
( vii ) To approve the results of process driven and hiring support vessel to
Field operations of the Octopus ; and
( viii ) approve the execution according to the former directors of the Company .
. 6 Resolutions:
The Chairman of the Board of Directors of Calixto Hélio Costa opened the proceedings of
meeting , thanking everyone's presence . The CEO Mr. Milton Franke took the floor and
proposed agenda for the reversal of the appreciation of the quarterly information for the first
quarter is the last item on the agenda .
( i ) Regarding item ( ii ) the agenda , the Chairman of the Board of Directors Mr. Helium
Costa informed the other directors on the completion of the study regarding the reform of the Statute
Social , as decided at the last meeting of the Board of Directors held on April 22
2014 , aiming to involve the requirement of the Listing Rules of the New New
BM & FBOVESPA to predict sealing expressed in the Bylaws as the cumulation of
positions of CEO and Chairman of the Board of Directors by the same person , as well as
to streamline decision making by the Board.
Mr. Hélio Costa gave the floor to the Legal Director of the Company Ms. Priscilla Sarandy
Domingues , to provide information as to the convening of an Extraordinary General Meeting of
Company and its materials . After debate on the issue , the Board of Directors approved , by
unanimously to call an Extraordinary General Meeting to be held on first
convocation on June 13, 2014 and on second call , on June 24, 2014 , both
at 14h , with their publication and dissemination of the call notices and materials
correlates in Brazil and Canada, the terms required by the laws of both countries , including
Management Proposal provides that the proposed reverse split of common shares and Global
Depositary Shares issued by the Company , leaving the Board authorized the Company to perform
all necessary procedures .
( ii ) With respect to item ( iii ) of the agenda, the Chairman of the Board of Directors Mr. Helio
Costa informed the other members about the need for ratification of the Services Agreement between the
HRTP and Energy subsidiary HRT Lux Sarl , which owns the platform and drilling rig in use
Polvo field , complying with the rules on transfer pricing ( transfer pricing ) , since
under Article 22 , section XXIV of the Bylaws of the Company , is the responsibility of the Board of
Directors approve any transactions between related parties . Placed on the ballot by Mr.
Hélio Costa , the matter was approved unanimously , the Board of Directors .
( iii ) With respect to item ( iv ) of the Tariff pursuant to Council meeting
Directors held on April 22, 2014 , in which the extinction of the post of Director were approved
Technical , and performing in accordance with the Director Nilo Chagas de Azambuja Filho said that occupied
office, pursuant to the Agreement presented to the Directors and filed with the Company's headquarters.
Put the matter to a vote , the Board unanimously approved the ratification
Instrument Settlement and Transaction entered into between the Company and Mr. Nilo Azambuja in 30
April 2014 .
( iv ) Regarding item ( v) the agenda of the meeting, the Chairman of the Board of Directors
Mr. Hélio Costa gave the floor to the CEO Mr. Milton Franke who provided clarifications
on the situation of the election of current members of the Supervisory Board on March 19, 2014 and
performance of activities required for consideration , approval and issuance of Audit Opinion
relating to the financial statements for fiscal year 2013.
Given the peculiarity of the situation , the Board informed the members of the Board of
Administraçãos on the proposed payments to be made by the Company to current members
the Supervisory Board: ( a) pay the full amount to three (3 ) directors of R $ 79,749.00 ,
corresponding to the activities developed for the approval of the accounts for the year 2013
calculated based on the value of the monthly compensation of the previous Fiscal Council ; and ( b ) implementation of
monthly compensation to be used within twelve (12 ) month period from May 2014 to
April 2015 in the amount corresponding to 10 % of the average salaries of four (4 ) Directors
constitution as approved by the AGM . The Board agreed unanimously
with those reported by the Company's measures .
( v) Regarding item ( vi) the agenda of the meeting, the Chairman of the Board of Directors
gave the floor to the CEO Mr. Milton Franke said that , under the meeting
Board of Directors held on April 22, 2014 , when members of the Board of
Directors discussed the proposal of the Board regarding the payment of fees for suspended
members of the Board of Directors of the former management was decided to await the AGM
which provided the agenda the approval of the accounts for 2013, which has already been done . this
form , the Board proposed to make payment of amounts withheld in the last quarter of 2013 limited
the dates of resignation to Messrs. Joseph Ash , Peter O'Brien and Thomas Ebbern , and the last quarter of
2013 and first quarter of 2014 for Messrs. John and Elijah Willot Shikongo , given that the other
counselors (are ) entered repayment and transaction agreements with the Company . Put to a vote
by Chairman Mr. Helio Costa , the matter was approved unanimously , with
abstention of Mr. Elias Shikongo .
( vi) For item ( vii ) of the item is the Chief Executive Officer Mr. Milton Franke held
presentation containing a proposal for procurement of supply vessel AHTS type ( Achor
Handling and Tug Supply) for Field Octopus , due to the expiration of the current contract on 06
June 2014. Upon analysis by technical area , was identified as the best bid , that
presented to the vessel Maersk Pacer , under appreciated and documents filed
Company headquarters. Because of the value , in accordance with the Bylaws , the Board of jurisdiction is
Directors approve the hiring of the craft . Put to a vote , the matter was
approved by unanimous vote .
( vii ) With respect to item ( viii ) of the agenda, giving the following steps to closure and
preventing litigation involving the Company , and in view of the arbitration proceedings and actions
judicial currently in force , the Board discussed the celebration according to exadministradores
Messrs. Marcio Mello and Wagner Peres . After discussion on the topic , the Board of
Directors approved , by unanimous vote , that the company celebrates its
agreements with former directors , authorizing the Board already implement them in accordance
directed by the Board .
( viii ) Turning to item ( i ) of the agenda , the Chief Financial Officer Ricardo Dourado Bottas
dos Santos was invited to attend the meeting . Beginning the presentation of information
Quarterly for the first quarter of 2014 ( " 1T14 " ) , reported that the final revision has not
was completed by the external auditors in order that E & Y is conducting more detailed study
on the accounting allocation of the purchase price of the Octopus field according to the Standards
International Accounting . Mr. Vinicius Carrasco , Coordinator of the Audit Committee provided
clarification on the meeting of the Audit Committee held on May 12, 2014 , and Mr.
Ricardo Bottas clarified all doubts expressed at the session of questions and answers . considering
the final revision of the 1T14 will be completed until May 14, 2014 , the Board of Directors
examined draft and advised the Audit Committee to review the final version when
made available together with the Special Review Report of Independent Auditors and reporting
the Board on any material change from the information discussed .
In the absence of such changes , the Board of Directors decided , by unanimous vote ,
already approve and authorize the Directors to disclose the ITR on the date originally scheduled .
7 Closure: . No further matters to discuss, the meeting was adjourned , which was drawn up to
hereof by the Secretary of the meeting . Signatures: Calixto Hélio Costa , President , Priscilla Sarandy
Domingues , Desk , Vinicius Nascimento Carrasco , Haroldo Borges Rodrigues Lima , Peter Grossi
Junior , William Connell Steers , Elias Ndevanjema Shikongo Ronaldo and Carvalho da Silva .
_____________________________________
Helium Calixto Costa
Chairman of the Board of Directors
and Bureau
______________________________________
Priscila Domingues Sarandy
Secretary of the Board
_____________________________________
Vinicius Nascimento Carrasco
counselor
_____________________________________
Elias Shikongo Ndevanjema
counselor
_____________________________________
Haroldo Borges Rodrigues Lima
counselor
_____________________________________
Junior Peter Grossi
counselor
_____________________________________
William Connell Steers
counselor
_____________________________________
Ronaldo Carvalho da Silva
counselor
Page 31 of this Doc is where it gets real, real interesting
Management Proposal for the Special Shareholders´s Meeting of 06/13/2014
http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=44&tipo=32105
Dear God, Poison Pill being removed, as well as 20% threshold. Moving offices (good idea) Selling the headquarters.
These guys are insane, gonna steal the company.....pretty
Go to the website.....read the changes. Good luck. The board minutes are still in Portuguese, but the other Docs are english.
Typically Full results will come a week or 10 days after.....but very very hard to tell.
ANNOUNCEMENT OF CONVOCATION
SPECIAL SHAREHOLDERS' MEETING
HRT Participações em Petróleo S.A. ("HRTP" or "Company") invites its shareholders to attend the Company's Special Shareholders' Meeting to be held, upon first call, on June 13, 2014, at 2:00 p.m., and if applicable, upon second call on June 24, 2014, at 2:00 p.m., at the Company's head office, located at Avenida Atlântica, n° 1130, Entrada 1, with supplementary entrance at Avenida Princesa Isabel, 10o andar (parte), Copacabana, CEP 22021-000, in the City and State of Rio de Janeiro, Brazil, for the following purposes:
(i) To change the Company's headquarters;
(ii) To ratify the capital increases in light of the exercise of stock options, in an amount equivalent to 4,335,996 (four million, three hundred thirty-five thousand, nine hundred ninety-six) new shares, in the total amount of R$ 11.420.758,80 (eleven million, four hundred twenty thousand, seven hundred fifty-eight Brazilian reais, eighty cents);
(iii) To approve the Company's reverse split of common shares at the rate of 30 (thirty) shares for 1 (one), pursuant to Article 12 of Law 6.404/76, including the reverse split of Global Depositary Shares (GDSs) issued by the Company at the rate of 60 (sixty) GDSs for 1 (one) GDS, maintaining the same proportion currently in force of 2 GDSs to 1 common share;
(iv) To amend Article 5 of the Company's By-laws, in order to encompass the new capital stock arising from the split of shares held on May 28, 2012 and the exercise of stock options mentioned in item (ii) above, as well as the reverse split of common shares mentioned in item (iii) above;
(v) To approve the amendment of the Company's By-laws, according to the Management Proposal disclosed by the Company through CVM, SEDAR and the Company´s websites; and
(vi) To restate the Company's By-laws.
Click here for the Announcement of Convocation.
Click here for the Management Proposal.
Click here for the Public Request for Proxy Authorization.
For additional information, please contact HRT`s Investor Relations Department.
About HRT
HRT Participações holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises six main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc. and HRT Canada Inc.. The Company retains a 55% interest in 19 exploratory blocks in the Solimões Basin and 60% of interest in The Polvo Field, located in the southern portion of the Campos Basin. HRT also operates ten exploratory blocks off the Namibian coast: eight blocks in the Orange Sub-basin and two blocks in the Walvis Sub-basin. HRT's team includes PHDs and masters in geochemistry, geophysics, biology and engineering, most of them former employees of Petrobras and ANP (Brazil petroleum agency). HRT is committed to minimizing any possible environmental impacts in the sites where it acts. Our commitment to the local communities is towards health conditions, safety and quality of life. For more information, please visit the Company's website: www.hrt.com.br/ir
Reverse Split: 30 for 1. 60 to 1 for Canada and US. Yikes
Still hitting higher highs each day. My guess is we flirt a little harder with $8.00 before it consolidates for another couple months around $7.00
You are correct. It only hammers the HRTPY holders, of which I am one. One of the "reckless", "arrogant", "dumb" American investors....who can only buy HRTPY on the pinks. Sadly HRT is making those adjectives hit a little closer to home than I would like.
Time will Tell. I like this TOWER drill !!!!!!!!!!!!!!!! If it hits, we become "brilliant" investors again overnight.
Using my "One Time"
Van
I traded a bunch today, around my core position. I am reluctant to do so, as I feel this is still WAY undervalued.
With that said, because my position is down around 30% from the peak, until I re-enter hopefully at lower prices.....I am sure PVG will get bought out ! I hold for 6-months, trade out for one day, and that's when it will occur. HAHA
What'd know......heading back up. This will close green is my guess.....too much buying pressure....the take down was on pretty low volume.
Loading a BOAT load of Chariot today.....almost of all of the volume. Buying lots right now
Shaking the PVG boat. Watch today, they will continue to bring down the price on low volume trades, and then buy bigger blocks. Right now they have worked it back to $7.42 level......but by afternoon I bet we hit $7.60's again. This is indeed SHORT covering in my opinion......and they may have another couple million shares left to buy.
Nice thing about PVG, it trades really tight.....with most of the shares of the float in tight institutional hands.
Doesn't take much volume for Pretium to move UP 10% daily.
We close Green methinks
Van
TA from American bulls......haha
PRETIUM RESOURCES
STAY LONG
Last Pattern: BEARISH HARAMI
Last Close:
7.3500
Change:
+0.7800
Percent change
+11.87%
6 mo. Rating 5?
$100? 172.62
12 mo. Rating 5?
$100? 391.91
24 mo. Rating 4?
$100? 525.10
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 4/23/2014, 19 days ago, when the stock price was 5.7500. Since then PVG has risen by +27.83%.
Market Outlook
The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.