Don’t agree with your summary on PCI, as it assumes the cashburn carries on? That is very unlikely, as each farm out reduces its percentage, and exploration drilling at Isarene has been concluded with a development plan to follow? Historic spend in the past is no guide to spend for the future, and where each farmout reduces PCI’s pro rata spend, and increases its cash
I think in most resource stocks, any relief on cash spend will be replaced by fresh production spend or development spend elsewhere – after all, management surely don’t want investors getting used to a lower spend…!? It’s like spending the rest of your budget in the corporate world before year-end, or else it will be cut the following year!
You may well be right here specifically with PCI, farmouts certainly are often a smart way to move forward, it will be interesting to see developments. I prefer to stick with a conservative assumption as it leaves some extra room for positive news and/or revaluation.
Hi Wexboy
I like your blog. And the design too. You obviously have an in-depth knowledge of Balance Sheet accounting etc. I’m getting there. I also use technical analysis. I know I shouldn’t!
I run a site called shareladder.com. It’s mainly behind a paywall but I can get you a free login.
Anyway, the point is that I’m looking for someone to contribute to our monthly newsletter ongoing which goes out to our subscribers. Best of all, we’re based in Ireland…well Donegal actually but with subscribers from Munster in the main.
I can pay a wee bit too. I don’t mind you using the content elsewhere either (such as on yr blog!). My site has a Value ethos with a nod to Growth /Zulu shares on the side.
Let me know what you think
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Don’t agree with your summary on PCI, as it assumes the cashburn carries on? That is very unlikely, as each farm out reduces its percentage, and exploration drilling at Isarene has been concluded with a development plan to follow? Historic spend in the past is no guide to spend for the future, and where each farmout reduces PCI’s pro rata spend, and increases its cash
Jack,
I think in most resource stocks, any relief on cash spend will be replaced by fresh production spend or development spend elsewhere – after all, management surely don’t want investors getting used to a lower spend…!? It’s like spending the rest of your budget in the corporate world before year-end, or else it will be cut the following year!
You may well be right here specifically with PCI, farmouts certainly are often a smart way to move forward, it will be interesting to see developments. I prefer to stick with a conservative assumption as it leaves some extra room for positive news and/or revaluation.
Thanks
Wexboy
Hi Wexboy
I like your blog. And the design too. You obviously have an in-depth knowledge of Balance Sheet accounting etc. I’m getting there. I also use technical analysis. I know I shouldn’t!
I run a site called shareladder.com. It’s mainly behind a paywall but I can get you a free login.
Anyway, the point is that I’m looking for someone to contribute to our monthly newsletter ongoing which goes out to our subscribers. Best of all, we’re based in Ireland…well Donegal actually but with subscribers from Munster in the main.
I can pay a wee bit too. I don’t mind you using the content elsewhere either (such as on yr blog!). My site has a Value ethos with a nod to Growth /Zulu shares on the side.
Let me know what you think
Pat
Hi Pat,
I emailed you last week on your info@shareladder.com email address. Did you get it?
Wexboy