Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Radders
I hear you but it would be nice if the assumptions were clarified as to how this would happen. There have been a few differing views on this board re practicality / possibility of having FID without a marine license. There would surely have to be certain conditions. If there are conditions to a FID then it is not Final right? Anyway, we are where we are and we can only look forward to positive news in the coming 7 weeks.
Going to be interesting to see the details of the OO. Percentage wise to shares held, that is.
As you would have to hold to parcipitate would existing holders be buying now at 10% or more extra or would it just be people wanting to become holders to allow participation?
Would the increase in shares in issue atomatically double our MCap if we stayed around these prices?
Meaning 3.5b @ .33 = 11.6m. That's without any increase the OO would bring.
Never gets boring here, hey!
Hi Loosegoose .. JW has consistently and recently reiterated that the equity funding and FID is not dependent on the Marine Licence being granted. My assumption would be if DAERA have final documentation and public consultation period has started this would give sufficient confidence.
1. FID: We will need to see some speedy and imminent action i.e. in the coming days. 18 days to go in November and 31 in December with a 42 day consultation period. If the notification of public consultation dates in not announced very shortly then achieving FID by year end will not happen.
2. Further, the shareholder vote on 29 November will surely be a non-event since one or a few institutional investors now hold nearly 2 billion shares and we know which way they will vote. For me the vote is a formality.
3. The cost of idle assets at H&W is high with asset maintenance and fixed overhead eating away at cash so either FID must be achieved or new orders must be secured or cash will drain away fast.
4. Time to regroup and focus on the core business.
5. BoDs to keep taking their vitamins to keep up the heavy workload and productivity.
6. It all comes down to the FID of the (core) gas storage project of which details have been rather scarce recently given the focus on H&W.
Onwards and upwards!