Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Major recovery due tomorrow with oil rising and this being majorly oversold
“Oil Climbs While U.S. Lawmakers Discuss a Potential Aid Package”
“Stimulus deal could pave way for recovery in oil demand”
https://www.bloomberg.com/news/articles/2020-10-19/oil-declines-on-stimulus-doubts-as-more-opec-supply-looms
Hang on, they've just had a massive downgrade of resources and until or more importantly if this is proven incorrect then the sp going north of where it is now is only hope value. All the talk of double figures is all ramping until that happens.
Could Be Good News For Oil Bulls.
“ Pelosi Says Stimulus Bill Being Drafted While Some Issues Remain”:
https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2020-10-20/pelosi-says-stimulus-bill-being-written-still-issues-unresolved
Interest seems to slowly be building in HUR as investors realise the potential upside here at current valuations with IMO minimal downside again at these present levels. As stated by a fair few here, even a whiff of positives will propel the now much ailing HUR SP back to more reasonable levels in a very speedy manner I believe.
Genghis - I have no idea what your thrusts are about.. All I can go on is what you write. The issue is that you are one of the posters who can put a coherent argument across - however as such it is important that you are accurate. We all know you could do it if you wanted to. We also all know you like to consider the downside and it is not as if one struggles to find this with hur... and as I have said before I don't have a problem with that - but let's be honest in our posts.
Capt
The thrust of my posts is that everything depends on the reservoir. Currently there is no problem paying the bonds. But we don't know what capex will be required going forward to maintain/increase that, and moreover, we don't know if that production rate can be maintained in the meantime.
Those uncertainties, I suggest, are what is behind the discount on the bonds.
The downside risk is the Petra scnario poste earlier. Upside is that CA have it right, in which case there is likely several bags in the SP.
But no one can know, at this point, which scenario will play out, which is why all those posting hypothetical values based on assumed production/revenues are just that, Hypothetical.
Topped up Friday and today total 60,000 extra
genghis - with all respect that is nonsense. They have enough cash and income from oil production (monthly) to repay the interest on the bonds. Anyone pushing that argument is being very disingenous. If the market thought that the price would be zero.
yes at the moment the maturity of the bonds needs to be considered but that is quite a while away. the market may well have doubts on that - that is understandable but as you say the market is not always right. besides we will know within 2 months
HUR “Forward Work Programme” will awaken a sleeping giant here IMO, GLA.
Would they not be buying like crazy in the background again to try and get that 9.2 p average for 11.6% of the company down somewhat ?
Agree unlikely Chrysaor interested. But the 50% ish discount says the market is not confident that "hur can service debt on bonds". Markets, of course, are not always right.
Bullish Oil price signals are now all over, regardless of who wins the US elections, and all boding very well for the much undervalued HUR SP going forward.
"“We do not expect the upcoming U.S. elections to derail our bullish forecasts for oil and gas prices, with a Blue Wave likely to be in fact a positive catalyst,” Goldman Sachs’ commodities team wrote."
https://www.cnbc.com/2020/10/12/goldman-says-biden-election-win-could-be-positive-for-oil-prices.html
Good Summary Gino, I can also see this rapidly move north and fast towards 10p+ on any positives.
cant see chrysaor buying the bonds. If they were interested in the company - and there is noindication that they are then the company is cheap enough now at £50m (+ responsibility for debt)
hur can service debt on bonds and they are not due for over 18 months. so buying the bonds would not give access to the company until then. hur plan is to sort out long term production and plan going forward - which is progressing according to last rns
The way 2020 is going i would be more worried on world war 3 or a metorite attack
Anything less than double figures will not even fly for a low ball HUR bid here today IMO.
HUR valuation today makes no realistic sense as both crude and company fundamentals demand and represent much higher potential valuations thereby, any positive update here will act as a massive tailwind and have an extremely positive influence on the HUR SP along with it's forward looking direction.
More likely they would buy the bonds, @ 50% face value. The danger is that if the reservoir disappoints, this could be what's in store...https://www.investorschronicle.co.uk/company-news/2020/10/20/petra-diamonds-hands-itself-over-to-lenders/?utm_campaign=Pure360%20-%20Investment%20Daily%20%5BHTML%5D%20%5BMaster%5D%20tue%20201020&utm_source=emailCampaign&utm_content=&utm_medium=email
HUR valuation today makes no realistic sense as both crude and company fundamentals demand and represent much higher potential valuations thereby, any positive update here will act as a massive tailwind and have an extremely positive influence on the HUR SP along with it's forward looking direction.
Unlikely for the reasons highlighted in my previous post.
More chance of using it to test the sand package
Crystal Amber Advisers (UK) LLP 11.58%
Shares 230,075,001
Value $5.8m
Change % 80.14%
Portfolio % 10.42%
Last Reported 25 Sep 20
You must be taking a close look at this
Producing oil at 14500 barrels a day
Massive tax write offs
Possibility of a bigger player getting Lincoln tie back over the line with the OGA and costs mostly taken care of already
Massive Acreage
Large sum of cash in the bank
Infrastructure in place
Decommissioning costs taken out of the way
A plan to excavate more crude going forward
Redleader1. This stock is she ite and your waiting until it goes below 2p. HAHAAAAaA In one of your earlier posts, you are invested to the sum of £40k in Hurricane. Why don’t you join Hydrogen and spread your Bulls....e on the other forums that you both share. This is the problem with people like you no credibility and full of crap.