Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Welcome.
The market is just starting to show signs of acknowledging the value proposition here at a time when all eyes are focused on how Heyco will proceed with Wressle and their potential acquisition of further equity interests in the licence.
Well you already know quite a bit about Wressle with UJO and Egdon, so makes sense having a few on here.
I'll let you do your research on Inishkea and Serenity etc. Good potential so fingers crossed they actually get a move on soon.
Feels very undervalued and been sold down a lot with Serenity bad news, but there's still potential there and massive if they every get Ireland farmed out.
They maybe also planning a fall back with the Cloughton field as they've recently taken over operatorship from Egdon.
All interesting and maybe something good will happen sooner rather than later.
Good Luck anyway
I was very impressed with Will Holland's presentation on Wressle of recent.
Also Fraser on twitter bought Europa to my attention too.
Welcome Heid. Nice to see you invest in Europa. :-)
Nice to see you on here Heid, Good luck and best wishes with your diversification.
Bought x
All depends on what the key shareholders want to do. Thats's Polus, BGF, Christian AL and Bo Kroll with around 22% of the equity. Do they want an exit opportunity or not at around 3p.
The remainder is retail.
@Tovoc. All depends on the asset sale price.
The market would have to recognise cash on the balance sheet so surely c.3p.
@Vern Selling off what is effectively our only asset generating loads of dosh is the worst mistake the company could do, the cash we make will dwindle to nothing very quickly!
We must have at least £8M in the bank now but our share price has gone nowhere, selling Wressle may even see our SP go down.
Sell of the company by all means but not our best asset.
Also Inishkea is not dependent on how much money we have, but on a partner deciding to take the prospect on; remember we have been trying to get a farm in partner for approx. 10 years!
IMHO
At £11m market cap Europa is prime target
What's the forward plan WH?
Alternative to recommending a takeover ...sell off Wressle, have c.£30m cash on the balance sheet. This would put EOG in a very strong negotiating position for the Inishkea farm out.
Apologies for link.. on my phone...interesting article about helping to solve European energy crisis, from DMagazine.
Https://www.bing.com/ck/a?!&&p=b5297c4593163c72JmltdHM9MTY5NDA0NDgwMCZpZ3VpZD0zOGM2NjljMi02YWUwLTYxMDYtMGQ4MC02NzI1NmJiODYwYTImaW5zaWQ9NTI4NQ&ptn=3&hsh=3&fclid=38c669c2-6ae0-6106-0d80-67256bb860a2&psq=george+yates+heyco&u=a1aHR0cHM6Ly93d3cuZG1hZ2F6aW5lLmNvbS9wdWJsaWNhdGlvbnMvZC1jZW8vMjAyMi9ub3ZlbWJlci9ob3ctZ2VvcmdlLXlhdGVzLWFpbXMtdG8taGVscC1zb2x2ZS1ldXJvcGVzLWVuZXJneS1jcmlzaXMv&ntb=1
No idea whether we are a target or not but whatever the case at this price we're very undervalued.
Interesting article on Heyco.
https://www.bing.com/search?q=george+yates+heyco&form=ANNTH1&refig=84fe47f0a632436ea990070cd643c806#
Egdon takeover completes next week around September 14th with the court sanction hearing in the 12th. Expecting Heyco will bid EOG shortly after they have Edr in the bag. With a potential 60% and control of the Wressle JV they don't have to concern themselves with UJO. They can then fully control the pace of development or sell the asset on for a handsome profit no doubt.
Why ditch the Sept 7th PR event? …
Is it just a coincidence that Heyco’s parent company had a talk today as well?
Both Heyco and Petrichor are ultimately owned by Explorers Petroleum Corp, which is controlled by Heyco Chief Executive Officer George Yates.
Technology Talks: Duvernay Formation
September 7, 2023
Please join us virtually for a Duvernay Fm. focused technical talk on Thursday 7 September 2023 at 11am MST. Please register using the following link:
https://www.petroexplorers.com/pages/news.php
The SP chart is starting to look a lot like Egdon’s before the take over bid. Battered down very low, followed by a spike, followed by the bid. If Heyco come in with a low ball offer then it has to be said they’ve played a blinder. Would be needing a decent offer to get my vote tho.
Good to see the SP rising off the bottom.
I love all the theories of what could happen here it makes me smile in such depressing times
the only given as i see it at the moment are the bods salaries??
Champagne party if bid is over 3p for me.
If have to take a loss here after averaging down from 6p plus to 2.8p someone is going to die a horrible death!
SP drop to let some big buyer in? If something is afoot, this could shoot up to 1.50 fast. Sure it's already at 1.20 :-)
Well whatever it is we are currently trading less than 50% of fair value
It's strange that the PR event for today was cancelled. They must have something going on in the background. Maybe news on Ireland or maybe a possibility of a takeover?
Indeed a great opportunity