George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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SP was that high (75p) at IPO then fell.
If they never wanted to pay a dividend why set up the Dubai tax vehicle ? Offer to scrap it when it looked like they would need Government assistance/mercy then reinstated it once oil recovered and they knew they could save and profit from it.
It is there IF they can pull off another oil field sale this time at 3AB ( last one circa $100m ) deeps flowing at 66% international prices or massive infill shallow well programme.
Follow the money.
Agree with KK divi is a red herring.
Roxi share price has been over 60p.
Three intervals with oil shows on the way down to to the Devonian bodes well for our main target at 5,300m.
Will it be a commercial strike?
As Bradley Walsh would say ''gotta be''.
If you look at the 10 year Roxi / Casp chart it has bounced between the channels from 2.4p to 10p and 14p, once to 24+p, been a great share : )
A Dividend framework and payment will move the lower channel upwards thereby raising the top channel as well so we will see higher lows and higher highs.
Of course a dividend framework on its own will not do this, it will require a physical payment for the market to see and this requires either a big increase in oil production, a sale of 3AB for circa $100m + sale of the boat or farm in to an offshore drill etc.
The weight of newsflow that is coming says to me buy as many ass you can hold until 2022 ( not leveraged as until news 2.4p or below is everpresent ) and sit tight and wait.
The Divi play has different aspects to it.
1. Reaction to nearly going bust last year and not having any cash reserves taken from the business for the concert party.
2.Increases share price and reduces volatility by attracting longer term holders as opposed to the trading community on the London AIM market, which has been mentioned in a negative light by Clive at AGM's and in convos to others.
3.Gets the Company ready to move onto AIM 50 or one of the 'higher' listed markets.
4.Utilises the tax breaks for the Kuat children's tax vehicle in Dubai.
5.Getting the business to the point where it is self sustaining and no longer requires Kuat to support it and luckily for KUAT leaves him owning 46% of whatever they have got.
Also on the divi play, I really don’t get it and still believe it’s a red herring unless they get the share price up significantly and move from AIM minnow to FTSE player.
Deeps please Mr Shin, that’s where the company will be made .
That was a little cutting MrC and not in the arboreal sense.
Only 2 factors oil volume and crude price. Everything else is a sideshow. Yes the barge gives great liquidity as would 3AB if sold, the so would increase significantly but it’s oil production at the best price that’s going to give us the multi-bagging result. Pointless having crude at $30, the price is critical.
We don’t know what SY /MJF will produce but if they can do HDs on both acreages, maybe 5k bopd ? 1.825 billion barrels pa @ $75/25 on a 70/30 split generates significant annual revenue but it’s the deeps that give us the huge returns.
If they rent the barge successfully maybe they have options on 3AB re their 85% as opposed to selling it. The barge cash gives them options and if much prefer that our KO takes his $6m from that as opposed to diluting shareholders !
We don’t know what’s in the depths, neither did the big players when they discovered the Tengiz, Kashagan and Koralev. Could be billions or non commercial but with healthy shallow production and barge rental, every investor will make healthy returns from here. Those who loaded up at the lows are already in clover .
Dont think we can rely JUST on the crude price to make a profit on this share, they have to do something worthwhile to get a decent SP.
$78.17 for crude and hopefully it breaks the $80 to accompany some more oil production. Already 140% up from low so already a handsome return but many are waiting for the EUREKA moment and maybe A8 is the one, who knows. Let’s get 153 flowing and a little barge deal that will help a tad with liquidity !!
Brent going through $77 and taking a look at $78 may have helped.
Todays trades look like peeps end of month pay day spare dosh being invested.
Hopefully we'll see some institutional buying once 153/A8 come in.
Bit more interest as we run up to next news and the realisation that there's a high probability of success @ 153 and the CE could be chartered.
Get the sellers out on the journey north and hopefully the right news will do the rest.
Nice weekly breakout, heading up to the 200 DMA at 5.93p ...