Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Indeed, adoubleuk was a nice bloke who was very knowledgeable pity he passed away I liked reading his posts. If people don't want arguments they should stop with the jibes. I will always defend my corner. I would prefer to have posters on the boards like adoubleuk and keep it on topic.
Miss the days of adoubleuk, since, this board has never been the same.
Its far to argumentative on here now.
eurofil - I have been to see my suppliers, agreed designs, looked at quality of product and agreed terms. I have no need to return until I need new designs manufacturing so it won't be for another few years I'm afraid so you will have to put with me.
Dickbat, you asked for the facts and I gave them to you. You suggested my facts were wrong and that I should check figures from previous recessions to prove your point. I did and they backed up my suggestion. You spun my words and I corrected you by posting what was actually stated and now you're suggesting I haven't allowed for a war in Ukraine and a shortfall of 4 billion barrels which I'm sorry but I did. If we have a global recession and there is a lull in manufacturing and travel which accounts for most of the oil produced how much of that 4 billion barrel shortfall will disappear?
Boring boring boring. Is anyone else fed up with this nonsense day in day out? I check in here to try and find out some purposeful insight into my investment and I'm constantly met with a barrage of drivel. Please do not engage with paid disruptors, it is so obvious what the game is here, like so many before (Slift et al) they are inserted to cause division. Give it a rest for everyone's sake.
Simple those are facts but you haven’t aloud for a war four billion barrels potentially coming off the market and an industry that has been in recession for serval years with a 30/40 capex cut during that time the biggest in history thise are also considerations and facts you haven’t mentioned for balance!?
Senseman what was all that drivel about? How you conduct yourself doesn't matter to me one way or the other. If it is pertinent to the share then I'm interested, outside of that you are just an irritant and noise. As to how I post is my concern and have nothing to justify. If I break a forum rule I anticipate being reported. I do like it when you attempt to belittle others make jibes and poke fun at them, as this just shows you up for your foolishness rather than have a desired effect on your prey. Remember when you break forum rules I don't report all of them, though some other forumites do and sometimes I report none. As has recently been shown when you make allegations of others, you have admitted things in posts that help those allegations backfire. If you don't like me you can either filter me out or alternatively work hard and help the share improve so it gets to the figure I have quoted when I intend to sell. I have clicked 'recommend' on your post because I know it makes you feel valued.
I concur with others that even if recession, exceptional circs (investment supply crunch, russia issues) will protect oil price. Immediate grumble for us is lowish oil price average 1st 5 days July as this sets ceiling for price received for July offload.
el19 writes cogently re feasibility of HUR (with competent BoD) organically returning to old SP levels. Have always thought that possible. Intractable square the circle problem we & CA been landed with is CA wind-up necessity forcing them into limited-time actions they cannot reasonably be criticized for. Whereas it's possible CA's end game may provide PIs with best of both worlds (high CA end-game SP + still existing (in some form) organically growing company) the chances of Pis being so lucky as to have cake and eat it aren't huge. But we are where we are. Remember CA have been in HUR for 10 years - much longer than they envisaged - and will be hyper about single well dependency & SP crash damage if problems occur before they exit. I think bonds gone and EPL clarity will see action, covert or overt, from CA - they don't do drift
Half of the popular 'Fishy' thread was pulled recently - the latter half celebrating the improved free flow of opinion, speculation & banter during a poster’s recent too brief absence. So 'someone' is still at it. I opined a while back that smart posters with hidden agendas play the long game and choose their moments. Thus was unsurprised when we were lectured on how discussing AGM voting intentions broke UK privacy/ freedom of speech laws (utter twaddle) and the discussion thread was pulled (before being restored by apologetic moderator). I was also unsurprised when a certain poster was pparently ‘abroad’ for 2-3 days at busy AGM time, hence could neither attend AGM nor post.
The forum seems to have figured the best way to deal with said poster. By limiting itself to poking fun and not engaging in argument or discussion even when the poster posts occasional sensible comment I believe is designed to lower others’ guard and so enable said poster to maintain engagement.
"By the way didn,t Simple say that he owned 15k shares in HUR or did I miss hear?"
I did several months ago. A few weeks ago it stood at 143,000 shares and now after an insurance pay out it stands at 493,000 shares. Not a lot but it shows that I have confidence in the future of the company. Hopefully it doesn't backfire again.
I feel sorry for the new CoE and wonder how long he will last though he does have something of a reputation so I don't think the public will take to him.
No one really knows what is going on at the moment. Fear and irrationality are stalking the market. I think we need to take a step back and take a breather! Oil is still circa $100,. At some point China will really start to open up and then PBOC will continue, unlike western central banks, its expansionary path. Russia will see production declines as supply services and maintenace issues with the withdrawl of western technical expertiese and parts. OPEC is maxed out and at some point the US and western govts will have to restock their reserves. I personally think a recession is imminent but it will have a limited effect on oil, unlike previous downturns, due to supply constraints. Having said that I was genuinely surprised that Simple wasnt, appointed to replace Rishi as he seems to be the font of all knowledge and have the ego to correct us all! i,m sure another global trip must be on the horizon? By the way didn,t Simple say that he owned 15k shares in HUR or did I miss hear?
Dickbat "Great comparison Simple to a normal recession one were no one can fly and people not going out or driving!! Stick to facts!"
Have you considered sticking to facts yourself for example you suggested I said "were no one can fly and people not going out or driving" when I actually posted "people would travel less". Can you see the flaw to your version of facts?
"Try a comparison to 2008 or 1990"
In my last post after doing as you asked and checking the years requested 1990 was a national recession and 2008 was a global recession. You can see the difference in the price of Brent straight away when the financial markets crashed and you can see how long it took for the markets to return.
Dickbat -" Stick to facts! Try a comparison to 2008 or 1990 growth drops but not off a Cliff"
1990 - Brent Crude Yearly average $39.26
2008 before the financial crash $140.33 After the financial crash $45.52
You asked me to stick to facts and I have. I did what you requested and checked those dates and it only confirmed what I stated. Maybe you should check your facts before suggesting somebody else to do so, when posting. If manufacturing falls less oil is consumed, as manufacturing consumes most oil. If less oil is consumed the geopolitical situation won't matter with regards to oil supply as there would be plenty available.
If there was a recession people would not be able to afford to invest in clean energy options like expensive electric vehicles and clean energy heating.
Great comparison Simple to a normal recession one were no one can fly and people not going out or driving!! Stick to facts! Try a comparison to 2008 or 1990 growth drops but not off a Cliff there would still be a supply problem with current geopolitical situation!
From oil going up to $380/bbl to oil going down to $45/bbl and all in the space of three trading days. What a totally fecked up market this is.
At least HUR is generating positive and then neutral cash down to $35 boe and now with no debt to service. Tnat dirty debt was seen by treated by the market as an existential threat to the company. That worry has been removed and that risk totally mitigated.
The risk going forward is a low ball offer. A new producer financed by self-generating cash, self-financed (no external debt financing thank god) at Lancaster would up production but by how many barrels? If we're currently doing 7500 bopd then what will a new producer give us? That prospective bopd increase should in itself tempt a higher company value
And let's not forget the war in Ukraine and sanctions with Russia hence why the oil price is so high, less oil available will only result in higher prices regardless of a recession possibly looming.
"what a joke, surely oil price ho up"
If there was a global recession manufacturing would drop and people would travel less meaning less oil needed. If less oil is needed there would be a glut and if there is a glut prices drop just as it did during the pandemic lockdowns.
How Oil Prices Could Hit $65
By Tsvetana Paraskova - Jul 05, 2022, 11:00 AM CDT
A recession could demolish global fuel demand.
According to Citigroup, if the world enters a recession, oil prices could drop to $65 or lower.
what a joke, surely oil price ho up
And for those who don't know, Zahawi made alot cash for doing very little for giving 'advice' to GKP. Shortly afterwards a huge consolidation wiped out many shareholders
Zahawi is the new CoE
With the changes in the HIGNFY team at No 10, and a new gardener for HMG's money tree; how this will effect the Energy Profits Levy and Hurricane's future strategy due in September?
Given the turbulence in an, as yet immature, policy might the new Chancellor decide on a different tack in order to assist the First Lord of the Treasury, in his forlorn quest to hang onto his job?