Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Lets not forget they own 30 %... agreement has to be reached with the other % of shareholders and everyone is under water.. so no-one is giving it away.
Sorry, duplicate message sent by mistake while waiting for terrible broadband to do it's stuff! :)
IndridCold -- OK so that means he needs to get the share price up above 45p at some point fairly soon for his own benefit. But I don't see why that would encourage a share offer at that price point. Surely COC will want to sweep up the maximum number at the lowest price possible, in the sure knowledge that the price will rise naturally as Etindi is proved up and development progresses. COC are obliged to offer a price at least as high as the max. price they themselves have paid over the previous 12 months. While the share price did hit 36p+ last year, I doubt COC ever paid quite that much -- hence my thought that they will offer in the low to mid thirties. I'm very happy to be proved wrong and that price may not attract enough sellers, so perhaps you are right. I'm looking for mid fifties to be honest so may have to wait a little longer yet either way.
IndridCold -- OK so that means he needs to get the share price up above 45p at some point fairly soon for his own benefit. But I don't see why that would encourage a share offer at that price point. Surely COC will want to sweep up the maximum number at the lowest price possible, in the sure knowledge that the price will rise naturally as Etindi is proved up and development progresses. COC are obliged to offer a price at least as high as the max. price they themselves have paid over the previous 12 months. While the share price did hit 36p+ last year, I doubt COC ever paid quite that much -- hence my thought that they will offer in the low to mid thirties. I'm very happy to be proved wrong and that price may not attract enough sellers, so perhaps you are right. I'm looking for mid fifties to be honest so may have to wait a little longer yet either way.
Christoski u are way too low The CEO (a COC man) doesn�t get his 10 mil share options until SP reaches 45p bare minimum........that�s your starting point
wondering what happened to the divi we were promised for voting out the last shower?? should have know better
and I have no plans to sell anywhere near that price point.
So what price does everyone think COC will offer to buy our long-held shares for then when the time comes? I think we should run a book on it -- I'm going with 34.5p per share.
Not sure they look like they are shipping in a few more...
Dont expect they are in any hurry to buy the last 1%, they know they can pick them up anytime.
it will be interesting to see if there is any follow through tomorrow, with only 3m shares left for COC to buy, you would have thought the MM and hedges would squeeze them, but.. maybe the stronger powers of suppressing the price will prevail.. got to Love BLVN.
yes , soon all the cards will be on the table and we will know if we have done the right thing , cannot see any downside from here , and hope for a nice upside in near future ,imho
Thing is we all knew this was coming and the week sellers just gave their shares away to COC and the two other hedge funds..Base value at 56p.. between them they have bought nearly 40 % of the company for maybe 30.. they say money makes money and they are going to make a lot with BLVN.
less than 1% and they have to bid , looks like the end very close now ,,
And they keep buying
It would be nice to see a move into the mid to late 30�s
Someone is bidding for shares 100'000 at a time currently at 30p so slightly protecting the downside. This share should be in high 30's not at this price. Too many shares in sticky hands just need a few more buyers willing to pay more than 30p to propel us higher it'll come.
trading more active this morning ,than usual
A large % of BLVN shares are in the hands of COC INST& HEDGE FUNDS with a limited amount of tradable shares on the market, when news arrives and demand for the shares takes place the SP is going to move north at a rate of knots. AIMHO DYOR.
Strange..but we are where we are..
And yet the price sits at 29p
Etinde (former Block 7) has been extensively explored and 15 exploration and appraisal wells have been drilled since 1967, of which 13 discovered hydrocarbons. Four separate reservoirs are proven producers: Biafra, Upper Isongo, Intra-Isongo and Middle Isongo. Although the Intra-Isongo sands have only been drilled by one penetration, this zone contains thick, high quality sands, which extend across the block. Delineating and extending this important discovery will be a key objective of the future work plan. Our project is at the appraisal/development phase to optimize development of the Etinde Field and options to monetize gas resources. Full development of the Etinde Field will deliver a world-class production asset exporting gas, oil and condensate whilst ensuring gas supply for domestic projects and initiating a FLNG project.
If I did have an agenda, it was simply to offer the benefit of 30yrs global E&P development experience to this forum when assessing the hype offered and limited information forthcoming from these companies, whoever is running them. But frankly, not interested in engaging in personal exchanges, so will take my thoughts elsewhere. Final comment, appraisal wells are drilled to appraise the development potential of discovered resource. There are no safe bets at this stage, nothing can a proven, otherwise the project would already be in development. Good luck.
Shouldn't be too long before we hear of her .... http://vantagedrilling.com/wp-content/uploads/2018/02/Fleet-Status-0118B.pdf Will this engender a FOMO or are we too Dormeo .......