Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The strategy of CrystalTips+Amber is a little different to that of Kerogen, the former buy and sell a % here and a % there, doing very nicely thank you, with the rise and falls of the sp... so their strategy is somewhat different.
" Over the period, the Fund reduced its opening position by 22% as it took profits of £17.9 million and exercised its warrants over 23.3 million shares. Despite banking total profits of £41.8 million on Hurricane, the year-end carrying value includes an unrealised profit of £28.0 million."
acrossthesea, Very good logical article, true the Company could be worth a lot on some positive reserve/production levels figures, I sold out twice last week and missed out on a lot of proifits, but I bought in again at 8.80p because I FEEL THE BOD knows some thing and the Crude price could go up to $65/75 by the year end, the last thing said also applies to TLW & PMO BUT THE GEARING HERE IS BETTER.
Dont know why ppl talking about takeovers here. This is well away from the from that. The issue is the well is closed. You've only got 1 well producing right now. That's the fact. They cant confirm the bopd at the moment.
Looking at the fair value for Hurricane. We are still in the process of proving the reservoir , if and when the CPR comes up with proven reserves of half a billion barrels the idea of a 20p or 30p take over will seem absurd. This is why Crystal amber and Kerogen have invested in the Hurricane concept; these players are here for a major pay day. The share price in the short term will be governed by the flow from the one well working. There is nothing wrong with the reservoir both wells have flowed individually very effectively. Hurricane has the funds to drill a new well if necessary to make full use of FPSO. The scale of the potential resources are massive and this is what attracted most investors into this project. At current oil price and 15000bpd Hurricane has a turnover $210 000 00 and free cash of $71 175 000, and an ongoing self fund business model to prove up the resources. Why would you trade a 20p pay day today for a pay day in the £s on proving up the project? If you don’t believe in the concept, why are you invested here?