Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Should see a bounce at 15p.if it drops below then it could hit single figures
Lapalabra: "Looking good for hitting 15p today. Cash ready"
You back in yet?
lapalabra - Not sure what your motivation is (perhaps just bored or delusional?) but regardless, you are a complete *******.
It's really very binary: either they'll try and lowball it or they'll wait until the company is a profitable producer. I've seen it happen with SOLG over the years. They have 2 or 3 big mining companies already heavily invested, but they won't buy out SOLG until it either runs out of options or it's bringing the copper and gold to the surface profitably, and then the majors run out of options and have to make their pitch.
TAKE OVER IS FANTASY.
I agree I think 20p is a fantasy
"TO would be based on debt and reserves.
Pop 10m on the price for the prospect, that H and P mark as 12.5% Commercial and geological COS, then you're seeing the vision from the buyers perspective.
No value in it.Quid is fantasy"
CH you seem to be fixated on this one report as it supports your narrative, so transparent, cant see right through you!
Will you think there’s enough stock available on the open market at 16p to do a takeover lol lol lol - formal takeover would be a couple of pounds minimum they’d need to pay.
IMHO DYOR GLA BUYTHEDIP
*can be gotten
The majors won't look at this until the company is either on its last legs or has proven the oil can't be gotten to the surface at great quantity and low cost, so you can forget about a TO in the near future.
They don't have to take it at £1, they only have to pay 16p in the UK and whatever in the US. If a major wanted this then they'd be buying it up now and maybe having to pay a bit more on the remaining shares.
Would you offer a £1 for something you can buy at 15.5?
They'd also have to factor in all the work, surveys, etc that led them to where they are. The proving up is value adding too you know.
I'd even be happy to get my original investment back at this point hope that's the end of these placings now and they get things in place. Just hope he's not gonna one man it and drag us to hell just to prove a point. We'd all like to be optimistic about this too and reap the rewards also.
You’ve confused me ?
flushfrank - There you are, invested for only six months & now out! You are the type of investor that will ALWAYS lose on the stockmarket. I am sorry that you have lost money, however you only have yourself to blame.
Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient.”
Sayonara Paddy!
I’m of the same opinion, luckily my finances do not permit me to invest as heavily as many here. I’ve wrote this off just the same as SYME. I’m hoping that VLRM can make me back my loses.
Sorry if this comes across as ramping another share. It’s not, just telling it how it is. I’ve lost thousands on COPL and SYME and just hoping one of my investments actually lives up to its promise.
Only 4 to 15 percent recovery rate.
At the top end it’s still 150 million barrels at $75 a barrel = 11,250 million dollars in potential revenue.
That’s huge for a company with a market cap of 50 million usd or 225 times the market cap.
I know the business has overheads, but if $75 a barrel was profit, then it puts the share price at £36.00 U.K.
Quick some show check my figures.
Pat… my apologies I beg your pardon… I’ve just seen your 3.17 sell
Yawn fest all those telling us they’ve sold right lol
So we are trading below where we’ve discovered we own billions of barrels of oil huge lucrative assets yet apparently this is not worth anything or indeed it’s worth minus where we were trading before the discovery. Not pie in the sky but billions of barrels that other O & G explorers would have a wet dream over. Slating the CEO really? Seriously? He has put everything in place and now bigger buds will be wanting to steam on in to JV with us to get this black gold out of the ground. Seems nothing not even billions of barrels discovery and the numbers from RS are only for a third of what we own isn’t good enough for people here? Apparently if we are to believe the antics of Mr Market this huge eye watering discovery assets are worth minus decreasing the SP - I think sellers you need to wise up and open your eyes as to what is really going on here.
Oil is more lucrative and sought after than gold or gas or any precious metal right now. We have it. We have it in an easy to produce and get out of the ground location not some massive expensive off shore palaver again this factor not good enough. Carry on selling hand over your shares to ii and hedge funds who are all over this. But you’ll learn the hard way fast.
IMHO DYOR GLA BUYTHEDIP
"Of course the rampers hate it because they are hoping for a rally so they can dump but ignore them"
Ha ha ha of course people who are invested are waiting for the price to rise so they can sell AT A PROFIT ... what on earth is the point you are trying to make ????
Lapdog… you can do one as well… Jesus…
Into… you don’t seriously believe people about selling… personally I wish all the doom mongers and bul”””””s would all sell up and FO to UKOG of some other dream oiler!!!
When the price is dropping and its being ramped Time to get out. Looks like shares and warrants awarded. 12 million. Going to be a longtime to clear
I think it is only fair to say you have sold out if you have been bullish on a stock on a mb. Others may have followed you and taken note of your posts. Of course the rampers hate it because they are hoping for a rally so they can dump but ignore them. You can always buy back but I think you are right…..nothing much going on here and a couple of years down the line oil and energy may be much lower as we crash into a recession