Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Topped up and will continue buying at these suppressed levels as I believe that in ~9 months, current low ball valuations for HUR will only be a dream then, time to be brave here.
Also can see an imminent major breakout here as simply trading very much below fair value at present. High crude quality with guaranteed market, great assets at a fantastic premium( even post a worst case scenario downgrade HUR assets will still have massive potential), and now with RT gone and SP trading well below market valuations, ripe recipe for a potential takeover here but with a juicy premium for the underwater shareholders in order to have a chance of bod approval/success, time will tell for sure.
At present SP levels, only all the HUR negatives (and more!) have been priced in and thereby, completely ignoring the many many many positives and massive potential positives ahead here, hence IMO, a huge positive correction/upward move is now inevitable with these crazy algorithmic markets which often ignore true valuations as in HUR case today, DYOR.
Since the new Board joined we've had a combination of bad news (OWC) and good news (increased production up to 17ks from 10.7ks). I'm hoping that the next RNS will also be sour and sweet.
Negatives: we have been warned about the material downgrades due to shallower OWC. For the EPS, this greatly concerns me, but for the wider acreage and other fields, it is forgotten that HUR were claiming huge contingent resources. So even a downgrade could still see significant resources remaining compared with your typical AIM E&P co. WC concerning too, but could their be remedial solutions as per Nic's posts?
Positives: production at 17ks, 7z producing again, reduced interference, possible remediation measures to boost production. On the going concern issue for the financial year, i'd see reworking of the analysis...lower total production from EPS due to shallower OWC and higher WC, but potential measures to address these. It's reassuring that last going concern tests were based on 30 USD Brent for Q1-Q3. at 45 USD, we're 50% above those levels. Plus chance of getting rid of commitment wells obligations.