Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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That's good news RB, I wonder if Halo are renegotiating the cost of the asset due to low gas pricing.
There must be cheap assets galore in the English and Dutch North Sea now, and remember we do have a unique relationship with Engie be happier once the One deals signed and maybe another one or two before this mess is over which it will be one day.
Unfortunately I have to agree we missed boat for relist with the work transformational ring in my ears after purchase of tallow assets but with current economic situation due to covid I agree we’re just keeping board in jobs eating up cash
No one in there right mind would list at this moment in time, ok he may have missed the boat to list at the peak but what else could we hope for than wait until next year.
Barclays now own 20% which they will be watching over i am sure of that.
Investors have not made any money, but we have a nice warm feeling that we have paid the salaries etc for Cochrane and his cronies.
People need to wake up and realise they have no intention to re-list, and never had. My prediction is they will either drain the company down or sell, with a sale structure that gives very little of the sale proceeds to the investors...
They will never re-list.
Me - "dodged yet another RTO failure?
9 Sep '17
can anyone name a stock that has had its nomad resign, been delisted and come back successfully delivering a profit to shareholders?"
I was told I was wrong back then. Was I? Not logged in in over 2 years, have investors made any money here yet?
Cash flow MT
That’s all they need to keep an eye on which they say they do in a monthly report as stated in the AR.
Gas and oil will recover and being in a position to benefit the rise will hopefully take us after the One deal back to profitability.
Average of 2,198 boepd and the Group now has net proven plus probable (“2P”) reserves of 16 mmboe, in the offshore UK and Dutch North Sea. Acquisition of several ONE-Dyas assets in the Dutch and UK North Sea to add significantly to HALO’s existing portfolio, adding c. 2mmboe reserves and c.1000 boepd production.
3,198 boepd + 18 mmboe reserves subsequent to the transaction isn't too shabby. Gas prices are set to rise through 2021 too. HALO just need to hang in there. HALO might also be able to pick up a cheap asset with Engie assistance. 2020 is going to be a tough year for HALO though. Re-list mid 2021 at earliest I think.
6p
No surprises really. This years results 2020 will be even worse than these 2019 results. Back to sleep for another 3 years !! At least they have some cash in the bank...lol
Some will be worse off than us I’m sure of that, just put it back a year or two.
Some bed time reading at least.
I'll cancel my retirement party I think!
Annual report out lads.
We shall soon find out what Cochran's plans are in the annual report so no Chrystal ball required. There is a flood of cheap LNG from the USA and Asia flooding the market hence Dutch TTF price has collapsed. See below, the future should be a little brighter for gas producers.
"The reason for this is a major shift in LNG market balance in 2021. Around 65 bcm of new LNG supply is due online in 2020. But new supply volumes are set to fall to around 13 bcm in 2021 and only 6bcm in 2022, well short of anticipated global demand growth. So in the absence of a demand shock, this rapid drop off in new supply will structurally tighten the LNG market balance and alleviate pressure on European hubs.
The current downturn in TTF prices was triggered by a shift in LNG market balance back in Q4 2018. The price recovery turning point is likely to have a strong LNG market link as well. The dynamics playing out in Summer 2020 could well mark the bottom of the current gas price cycle."
Your joking easyinvestor we have the 2 best crystal ball gurus in the business on this share discussion. But let me look into my one yep maybe 2 quid next year.
More excited abut my other Dog in my p/f PFD which is coming up roses currently or should I say kipling !
Hope everyone’s well and staying safe, not like those idiots on Brighton beach yesterday? As for HNL no one could predict covid and implications my view we should have relisted sooner but now would be happier to wait for better relist price
Hi MT
Glad your still around mate, worlds in a bit of a state you could say at the mo, least we are healthy which now's worth a lot more than wealth.
Seeing a turn for the good in my sector but my bets December onward sees the worst re unemployment etc.
There will be some winners in this market and cheap assets will be plentyful come the new year or sooner if your a touch braver.
I dont mind waiting longer for HNL as long as we do hear whats going on.
Interim report 10/2019 - "look to realise liquidity for shareholders in 2020"
I cannot see re-list happening this year. Dutch TTF is on its arse. 2021 the gas supply glut is due to reduce and TTF prices should rise accordingly. Be very interesting to hear Cochran's view in the annual report due shortly.
Hi Mate
A few staff in just doing shut down works at food processing places ect, its going to be a mess when we all get back to normal, its given everybody a kick up the arse tho you never know when the curved balls coming.
Yep £2 will do me see you at the GM one day.
Been lucky over at VAL, been there these last few years took some doing tho, he BOD had to go which turned out harder work than we thought.
Stay safe mate.
RB how are you? has the lockdown affected you to any degree? I know some businesses are still operating 100% albeit from home. Many building sites are still ploughing on.
If we relist at £2/sh ++ some day I will deffo be at the AGM to buy a round of drinks!
Hi MT
Hope your well mate nice to get your thoughts.
Thinking the same this puts us back 6/12 months but we should be ok this world has to keep turning you know.
But then look at it another way cheap assets aplenty... if you have wool on your back during times like this sad but true there will be bargains gallore.
Stay safe, dont forget we did promise to meet up at a HNL GM one day im holding you to that.
Hey RB.
All good here. Lockdowns easing globally so oil consumption should rise gradually. I am hoping OPEC+ cuts will be increased so a strong bounce in oil price should happen at some point. Take a 6-12 month view IMO and some profits should be made. Avoid companies with huge debts is my philosophy.
Where does this leave HALO? Dutch TTF at 6.7 for July 2020...OMFG. Re-list in 2020? Maybe look to 2030 for that to happen...lol. May/June annual report release shall be a depressing read no doubt !
Morning all see my post below re Tulows Mcap at £120m wonder what it will be today unreal.
Anyway I hope all are well.