Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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How would that utilise the tax loss? They wont sell their crown jewel
I smell a broker rating coming on, hopefully then the shorters will take the hint and burger off. rather have a steady rise than a spike tbh.
I'm a tad surprised that such a great update, with news of Zama being sold, a large percenrage of PMO's Sea Lion stake to be farmed out, reduction in debt, and solid performance has not seen a bigger increase in the SP. When you consider how much the SP plummeted on that Sunday Times "rumour", and stubbornly refused to rise thereafter, it's rather frustrating that we don't shoot up . But I guess it's still early and we might get a bump up yet today.
Lol, Beerbull. You know how much we love the 'chosen one' on the ENQ board. ;-)
Same difference Tarth, but might add orange to that.. I think Farage once described him as a gorilla, but I think he meant one of those baboons with raw arses.
I also see no reason why Catcher needs to be divested. The current 2-pronged divestment strategy based on selling out of Zama , along with the Sea Lion farm down, is the way to go.
Has your spell-checker changed buffoon to baboon?
Lots of ground to makeup, bearing inmind last year we 1.45 plus & looking at £2. I would argue we are in a far stronger position now, albeit we have a baboon loose in the White House.
PS; and we need those shorters off our backs !
SK, there's no point in selling assets which are strongly cash-generative, when you can sell assets which will be cash-generative in the future. 84k bopd at $60 is around $5M/day gross. We'll agree to differ.
And Catcher generates a lot of cash, SK! :-)
I said a while ago that PMO needed a change in Leadership or Strategy, or both, to address its languishing SP. Well today we got the change in strategy that was needed ... "Premier Oil surprised markets on Thursday, announcing its intention to sell its stake in the Zama field offshore Mexico in a bid to further reduce its debt pile.Analysts at Jefferies had recently pegged the value of its assets at Zama at $439.0m."
At long last, the BOD have recognised that generating cash and reducing debt was the key thing to do right now , not expending money on exploration costs to get cash years down the line. Well done, BOD.