Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Have to agree with Whimax, you don't know what you're talking about CoolMax.. IF you can't differentiate between a distressed seller and off-loading investors, you're in the wrong business mate. IMO you prob sold between 12-13p and just posting nonsense now in a bid to get back in lower lol. Anybody around long enough knows these chats don't dictate sp movement, so it's a pointless endeavour!
Also, “Almost 50% down since the news”, ........Really??? lol. Basic Maths also isn't one of your strong suits it seems lmao!
You ARE wrong, and you’re an idiot, CoolMax.
“Almost 50% down since the news” 🤣🤣🤡
There is no seller in the background it's the worst deal ever, after almost a year of waiting we have to wait again while they line up their wages. It's almost 50% down now since the news and this is what they call shareholder value. Totally horrendous, I hope I am wrong
The management team cannot be trusted sadly. In it for themselves and their wages and the share price collapse since discovery of Anchois shows that. AIM is the wild west.
Well the "deal: explains whey they didnt buy previously
Another 2 years is asking a lot - a lot of indications we made that the mkt would be happy with the deal - it is not , and many here feel let down and misled
I refrained from posting emotionally last week as I could well have done. Understandably many did.
Ultimately the deal is almost exactly what I could have expected before hand, only I didn’t anticipate them wanting to complete another drill first. So I can kind of understand the markets response … kind of. But ultimately I don’t see anything wrong with the deal and I can’t see how this could catastrophically go wrong.
I never thought I would see this price again, I’m already over exposed here, but good lord it’s tempting to find some more….
The fundamentals have not changed. If you have 2-3 years patience, buying at this level is virtually no risk..
IMO of course, strong buy!
I wonder to exactly this point, and given the pace of selling following the announcement (hardly time to appraise the deal) as to whether there is something that relates to sanctions in holding shares in chariot, given the shift in operatorship following the farmout which has somehow impacted one of the big investors
Just a possibility
DYOR
2227,
This is not oil for starters, and secondly the VAST majority of any early gas will be solely for the Moroccan commercial market at a set price.
🙋♂️ on reflection I've royally fxxked up this year. I sold Rolls Royce way to early, could have made 10's of thousands if I stayed in what massive mistake. Bought TUI and RIO cheap sold them way too early again🙄 deary me what a bad investing year.
Then there's GKP massive dividend payer - pipeline shut since April oh dear🙄
I wont mention COPL 😒
Chin up chaps we got this🤞
Natural gas and oil prices are falling, that's the main reason people are selling.
I think we will need more than the directors buying IMO. Most definitely we will hit single digit tomorrow. The amount of sellers since the RNS has been astounding. The biggish buys today made absolutely little impact,until this seller goes god only knows when or if this will bounce🥺
I agree padfoot. It’s needs to be a significant amount too to breathe life back into this as we skirt on the edge of single figures.
They are not Director buys, but it would be helpful if the BOD did put their money where their mouths appear to be.
Hope those 3 x £25k this afternoon are Director buys. Adonis did say that directors would probably buy when outside of closed period. Really need them to put their own cash down given SP fall after RNS to back up their deal esp as Adonis stated in the webcast that it's "no longer a dream, it's a reality" when talking about Anchois project.
https://stream.brrmedia.co.uk/broadcast/preview/65705f5f85e1630925165801
aimo & dyor.
B4Now,
"The sell down by whoever looks like a failed strategy i.e someone who expected a takeover..."
Fully agree, however I would go one step further and say they had inside info that made their decision to buy in big, now looking like they want to fully exit. If it proves to be one of our 6%'er, we shall await the TR-1 with interest. Whoever it was that put forward an indicative offer (may of been more than one offer/offeror) for the whole company I would say links to these parties proved leaky in the build up.
aimo & dyor
Malcy is a paid summariser and a PR guy so I don't value his input much - I remember clearly that he attended all the booze ups for Sound Energy and treated James Parsons as a messiah ... more like a messer!!
My take is that the deal is reasonable with some cash at key junctures for Chariot and a carry to first gas so the diution should stop or slowdown. FID will be a defining moment and I expect Energean will get us there more quickly purely on the basis of wider bandwidth and their project experience. The sell down by whoever looks like a failed strategy i.e someone who expected a takeover. The values quoted by the analysts is about future cashflow rather than gas - we won't see cashflow until H1'26 at earliest but I expect some benefit from the de-risking and exploration/evaluation processes. Onshore we can hope to get enough money to pay G&A - the well costs look reasonable but the there may be some money and time in building some treatment facilities - the gas spec may be OK for industrial users - they should focus on Compressed Natural Gas CNG - I note in one of the graphics they show a CNG/LNG - forget LNG that will take more time than Anchois to produce revenue because it is a complicated process and they are relatively close to their markets. FYI volumetrically the ratio is 3:1 but there are plenty of CNG vehicles available. Best case scenario for me is that they don't need to dilute us, FID Q3'24, First Gas q2'26 (Revenue) - exploration is successful and we de-risk the multi TCFs and came sell the lot. Happy Xmas All ..!!
Good advice BP. Gooner is not alone here. I thought we were isolated from the Israeli Conflict a few weeks ago, didn't see this coming.
Wow looks like the seller read malcys blog and realised they had made a terrible mistake dumping millions of shares so have now stopped 😂
Howdy Gooner.. I see the latest deal as very positive.
The field/production plan nowhere near ready for a major. It would be akin to Cunard operating the local ferry service.
The price move does not impact the operation. How the so called brokers retain their targets year on year beyond me. No redress for their BS. They far too quick to address announcement RNS.
The webcast a mix of more wishful thinking of what might eventuate, supported by fact. Yet more Char BS.
Case now of waiting for drill results. Key to moving higher. My target remains in place.
“Don’t pin your coattails on a donkey.” 🤣🤣
Not all bad
https://shorttracker.co.uk/company/GG00B2R9PM06/
You would think that at this level of damage it's one of the institutions.. to create that level of pullback immediately on farmout news suggests a big seller.
It may well be one had a low average on their first few percent, so exited with a profit; it might be that they were expecting a T/O; it might be that their fund is saying that they have to be out of/reduce their fossil fuel exposure by x% date.
I'm not sure that I subscribe to the further risk argument, as the drill looks relatively low risk and the chariot boys think its a clear runner + They would have encouraged the T/o otherwise.
I think this could easily rebound to 15+ once the seller clears.. when it goes green others will hop on
I think Loukos could move it to the 20-30 range if the news is good. by end Q1 (we've been at 26 before, admittedly now with ~20% dilution), especially given the cross reservoir read.
Assuming the Anchois East drill goes well then it's 40-60
DYOR
GP,
It is clear from your posts that emotions are playing havoc, your not on your own for sure.
There is hardly anyone that isn't bamboozled by the market response, but it is fairly evident that it is one heavy persistent seller that has generated the damage seen on the SP, but I am sure you like many of us here are not by any means new to this, and seen such baffling actions on Aim oilies before.
The head becomes full of fek this, I should bail, but the gut feeling is it could & should rebound, possibly just as quickly as it was pulled down. The seller hasn't got an endless pot of stock to dispose of.
Personally, I would have preferred it to rally on that news, but I had started an accumulating process a few months ago, and continue to do so, one sellers needs simply provide more chance to accumulate more at a price I certainly never expected to see, as I am sure no one did.
Will I regret it ? I certainly don't believe so, that deal looks far better than I expected them to achieve, and the high news flow Onshore is soon to come into play. Not that you son't know all this, and keeping your head while others lose theirs for whatever reason usually results in winning out !!! Chillax and keep the faith !!
Just my emotions getting the better of me which you can’t blame me for? I have always said I’m in it for the long term but last few days has spooked me a bit that’s all.
Just have to wait and see and dream of the 10 bagger that AP and Malcy have suggested we can achieve