Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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805slo:
Yes I'm aware that the goal has always been to sell and I have bought into that strategy. My concern is that I expected the share price to increase accordingly (due to test results, proven acerage) prior to any sale. I understand the variety of take out options available and how the selling SP would be derived. Simplistically, as an investor, I want to see the SP grow and then see the another bump for the takeover. Then I'm out. That's what my plan has been since 2017. Others may vary. This M&A will be asset based and my concern is we will not see proper asset value at time of sale. Selfishly, the (my) sell price will not be where I believe it should be. I realize that this is a smart group and I don't have to delve into the details of how M&A's work but that is what my investment plan was/is for this asset. And with all the added delays (goal lines moving), maybe my frustration has surfaced. TGIF. Have a great weekend everyone.
Tired states,
"Selling price > share price. Price is based on the assets not share price. Sorry to disappoint you."
Well let's hope the sale price is higher than the share price since the share price is so stunningly low. And I believe it will be, just not by that much. And while the sale price should fairly value the assets (among many other things), the share price should also reflect the value of the assets, the business, the potential, etc and the market is telling us it's worth about $.09 US. It's worth exactly what someone is willing to pay for it.
Shank, I am confused by your post. The goal has always been to sell. The goal line just keeps moving.
Scinceday, Q2 is what was reported but it appears TBN is still waiting for EMP approval.
https://depws.nt.gov.au/onshore-gas/environment-management-plan/emps-under-assessment
Frackme, agreed. I also think there is risk of getting taken over and taken private.
...already...
With the signing of the binding GSA agreement amongst all interested parties and recent additional marketing, it would appear they are moving forward at this point. The upcoming announcement of the IP90 flow rates will merely confirm to us what they all ready know. My guess is that's a good thing.
Not necessarily relax .
Sale price is actually based on what the majority shareholding will take for the company and the larger BS holding gets the smaller that number gets.
Selling price > share price. Price is based on the assets not share price. Sorry to disappoint you.
It's clear now that our leadership path is to sell FOG. Dissapointing to me and I'm sure many others on this board. This stock has been and will continue to be manipulated until that sale occurs at a bargain basement price. Dissapointing.
A year ago I would have said this is great news. Government supports has always been a wildcard with FOG. We have lost over 50% of our stocks value since the release of our great flow rates. I hope there is another investors meeting so some of questions will be answered.
I think all this progress is good. Ultimately for a fair buyout price, Fog had to appear capable of getting to small scale production and being able to last as a company. This all brings that closer. Will we get a buyer? Unknown, obviously, but the pieces are being positioned now, whether we agree with the specific decisions or not.
I think this binding agreement is good.
But with FOG`s reduced and diluted gas production share , FOG will have only enough own gas to run the gas dehydration unit before the gas is sold.
To be fair to Riddle. Selling that gas to the gov is a nice move as it will make blocking the development of the gas fields, processing plant and pipeline harder when they have a seat at the table..
Tamboran Resources Corporation (ASX: TBN) Managing Director and CEO, Joel Riddle, said:
“We are proud to deliver on our commitment to provide the Northern Territory Government with long-term
supply of gas from the Beetaloo Basin. Tamboran has always promised that our first gas production from
the Basin would be to the benefit of Territorians and we are excited to play our part in boosting energy
security in the Northern Territory.
“This is a transformational development for Tamboran and our partners, after ten years of hard work and
more than A$500 million invested in Beetaloo exploration and appraisal activities. This represents a major
milestone and puts Tamboran on a path where revenue from gas sales will support funding our future
development phases, including supply to the East Coast gas market. In addition, the proposed Pilot Project
is expected to provide initial royalties to both the Northern Territory Government and Traditional Owners
within the region.
“With electricity in the Northern Territory predominantly sourced from gas-fired power, it is key that the
Northern Territory has a readily available gas supply to keep the lights on. Due to the use of natural gas in
the electricity supply, the Northern Territory is well below the national average for emissions intensity
across Australia’s electricity network, especially NSW, Victoria and Queensland who rely heavily on coal.”
Https://hotcopper.com.au/threads/ann-tamboran-sign-binding-gsa-with-northern-territory-government.7963058/?post_id=73469171
So do we assume our gas gets sold via same channels?