Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Soundingoff..
Am in now.. so would like to 30p on mengo alone to happen :-)
If the Mengo is confirmed, we'll be well beyond 15p. The npv of the Mengo (mid case) is around £50m or 30p per share.
Once R1R2 is confirmed.. then sp stability kicks in..
Once mengo is confirmed.. would expect a base sp of 15p or so.. spikeup to whatever level...
Me thinks such a base should hold based on overall valuations etc..
(I did state "base" not top of spike :-) )
Djeno as most riskiest will push it sky high.. so i wont state anything in regards to sp base for that one :-)
Might doubleup if sp gets as low as into the 9s though :-)
I think its worth a gamble.. particularly looking at managements compensation tied in with success...
Dont see such opportunities around .
I would say that while djeno is in play, this one is waiting to erupt..
Lovely step by step plays though.. this one should have all traders all over it :-)
Even though my igmarkets charts proved to be a dud..
Looks like the mid 10p area is here...
So i entered my position... :-)
Charts appear to be telling us a mid to low 10p area as a base or bottom for intraday... cos only about another 8 or so trading days before maybe news to confirm R1R2 etc... :-)
Anyone still wanting in.. looks like the opportunity has arrived :-)
You're welcome, mk1234.
BW
Thanks Wraith
mk1234,....Dividend commitment;-
"Success then with either the Mengo or Djeno sands would be expected to result in
meaningful earnings and cash generation, and open up the prospect of a significant
dividend stream; management has committed to distributing between 50-75% of net
profits after necessary capex."
Source: http://www.aaog.co/archive/research/8-Jun-18-AAOG-Djeno-Unchained.pdf (page 4).
BW
god I pray this is another 88E investment I double bubbled within 6 months
But sold at a penny she went to 4p for Christ sake with 3 months of me selling out
Never Never Never again I going to be a little Patient, regardless pension fund here
Only 15 minutes of research here IMHO but I pick winners IMHO
15p is a £24M MCap which is not a lot and certainly puts it into perspective
KA-CHING
One last thing; if some people were expecting 15p on spud just look at the SP today ....11p....!! In other words WHEN we get to 15p you'll be 35% up from these levels - otherwise known as a free money printing machine (mechanism)
Tip, where is the 75% div promised?
Yup, I keep harping on about it but once our flipper flocks off there's barely any shares in free circulation here. With a 3 or 4 stage drill this story will attract the masses. The stock market loves a good novel and this back to back drill has the all the hallmarks of a bestseller.
We can see it happening bladderman, we just need the wind in the right direction now and bingo !!
I'm not here for a quick buck, I'm in for the huge potential going forward and the 75% dividend that's promised ....yum yum
Anyone else sense that the fun hasn't even started here....YET
Misie, lol, I struggle to find anything negative to say about this drill and AAOGs current position. I cant see anything personally that worries me and let's be honest every AIM company comes with a huge amount of baggage. If you find anything to concern you please get back to me with it as I'd be interested to hear. My only slight concern is working in Africa but that's a slight concern!!
Ps. Mr positivity, I'm quite happy with that and I've been called much worse :-)
Good luck Misie
No 'once in a life time' comment from me. However, the COS at each zone is what it is. We will see oil shows in the first formation and highly likely to see them in the second. This is already a producing field. No guarantee but in comparison to its peers which suggest this is relative risk is negligible. Naturally a lot higher risk associated with the third formation but is the prize. Hit the fourth and it's stratosphere time
Cperkin - will certainly review, good timing with AST SR coming to end.
Bladderman - 'once in lifetime ' I heard it before , luckily did not invest in 88.
TIPTOP - Noticed straight away you are the local 'mr. Positive'... safe distance always required.
Thanks all. Time to digest.
103 is fully funded to tackle either 3 or 4 targets depending on the drill results as we drill, we have money for both options. The important point being all the rig and tackle are already onsite and will be staying to save demob and rig up costs for the next drill. As everything is already on site the next well cost will be minimal circa $3-4m 👍
Hence 103 and 104 will be almost back to back !!
Just a little bit of research is all that is required. We are targetting up to four different hydrocarbon sand bearing formations. The COS of the first two sands are appraisal like R1/R2 and Mengo formations which makes this soo attractive (75-100% and 60-70%, respectively).
Djeno sands is 25% although 5000 bopd is producing from a well (PER WELL) in the adjacent license 5km away. There are still plenty of folk who assume this is a one chance wild cat drill.
All for £18M MCap
first 3 targets that as planned are fully funded. Take you about 10 mins to read the latest presentation on their web site.
http://www.aaog.co/archive/presentations/AAOG-presentation-May-2018.pdf
cperkin - all already funded?
Best sort out 'appraisal' from 'wildcat' aye!
4 targets in total 3 planned with high COS appraisal to exploration, the appeal is in the mix instead of a one hit duster or Gusher.
all or nothing*