Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Jiffy,
See I'm not vested and stated such the other day. I merely stated a 28-30 entry, I would be very much content. I want the price there for me. But can't endorse these ridiculous games of who are known already.
I even have to stand up here and say, wanting a lower price, the actions of many on this board trying to absolutely trash this stock is becoming ridiculous. It's like the rats and shorts are feeding of eachother trying for a little more each.
It's late, I don't want to go in depth. This has fundamentals. It's a solid producing company with no real known water cut issues. Just the thought procured merely by board trolls.
You guys will do you.
Go on officially news only in my eyes. To reject a 1300bpd well, as ADUK mentioned, do you think UKOG would? Moreover, do you think there could be information gathered and more potential at play?
Next few days will be interesting. I wish anyone holding the best.
Bottom line is:
Do you believe in the Lemon Fool Graph or an official RNS?
I personally, believe in Dr T, some may think that is somewhat naive, I do have my suspicion' and that is the Lemon Fool is actually working for Shorters, despite the self claimed 'Still Invested claim', it simply therefore does not add up!!!.
Bottom line is:
Do you belive in the Lemon Fool Graph or an official RNS?
I personally, will only believe in Dr T, some may think that is somewhat Nieve, I however have my suspicions that the Lemon Fool is working for Shorters.
Genghis, I'd like to reply to your opening post on this thread.
I believe that it is good to gather as much information as possible to support ones investments and that is only possible if we keep an open mind and reappraise with each update.
Para 1. I think its fair to say that dspp was looking at data posted by Carcosa which showed that the water %age was increasing and for Sept was 7.4% of total fluids recovered.
His considered opinions of why may indeed be conjecture in the absence of all the facts.
But I do not think that HUR are covering up an issue. They advised of change when 7z was wet, and it was shown at 8% in the July CMD. In the H1 report they stated " Notwithstanding the increase in aggregate perched water production to a sustained rate of approximately 7.5%, water cut remains within expected ranges...". The report was on 20 Sept. Many would not believe it had increased and said it was ambiguous. The OGA data now says otherwise and they still don't want to believe it.
Para 2. Don't play poker with an oil exec!!
Para 4. The EPS is in line with expectations, and I believe you have listed the upside surprises that were not visible at FID .
Para 5. " it has cost HUR nothing". Sorry, this is where you are wrong. Whilst Spirit paid for the wells, it was their model, their data interpretation, their drills etc. that was used to "prove flowrates for deep oil". When it didn't their model was like a busted flush, and they were wounded, and with it their early FFD planning.
LC was successful, but less so than Lancaster.
WW just rubbed salt in the wounds.
[The CPR relied on 'analogous' fields to get the values often cited. The geology can no longer be considered analogous. Or if it is, it will read back into the likely outcome of each and every new drill. Yes, EPS has put cash in the bank, but we need the GLA grey area funded to get to GLA Phase 1 FFD and 1000mmb 2P.]
Para 6. We had successful drills, no farm-ins but a cash raise and a promising way forward that everybody loved, sticking it to the majors. It was a love-in...
genghis
as i keep saying. couple of shorts opened just before results released (did they get nod?) one of which is now closed . nice profit i am sure!
people were only going to sell on news esprecially with xmas / election coming. good news and we would have gone up 5% or so...unfortunately bad drill result and we got butchered. this sparked some panic. more sells.
the perpetuation of negative "issues" has resulted in more decline - but there does not seem to be any substance to it that i can see.
AIM has just been AIM - some people have lost money by selling out...no doubt others will make money by buying in as it recovers.
tory election win...and Confirmation that all is on progress RNS and it will go back up. the trouble is that it takes seconds to drop and a lot longer to recover.
still waiting for sighting of giant squid or maybe even nessie !
Where tf does all this gloom come from? We get a post from dspp casting doubt on water cut, which his highly conjectural ; for it to be the case HUR would have to be covering up an issue which investors have a right to hear, and I for one do not believe our Bod would do that.
Then we have shutts, who has taken fright at all this and now posits several 25%+ drops on just about every possible downside event, all of which seem highly unlikely to me. Far from the false euphoria he talks about, what is taking hold amongst the nervous here is a herdlike gloom based on worst case conjectures which are at odds with company statements, and with RT's demeanour at the RGS.
Then we have the usual ramp/deramp crew like tdg etc joining in to spook the nervous so they can buy back cheaper, before the inevitable rise when people realise all is well.
The company has stated that EPS is in line with expectations ; at the RGS last week it was stated that the EPS had surprised on the upside. this was not explained in detail, but we know that both flowrates and PIs were quickly found to be even better than when the wells were drilled.
I just don't get all the sudden doom and gloom. OK, Warwick may not look the best result, but it has cost HUR nothing. Lincoln has been flowed, the EPS is working, water cut is as expected; we've sold lots of oil, and there's cash in the bank.
I know this sort of SP weakness can be unnerving, but I just can't see why HUR SP and Mcap should be back to where it was in Sept 2017, when we had no infrastructure, no production, no partner on Lincoln/Warwick, and no funded drill program. and Brent was lower than today at c. $55.
So nope, I'm not selling. Dyor, of course, but this all looks like an unwarranted attack of the collywobbles, with the aid of a few of the usual derampers and doubters.