Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Oh yes and Stag have a big big premium as well you seemed have have missed that as well Charlie boy
JSE 2024 guidance Jan 15.
Montara, 5000-6000bpd. Operating costs for the year $120m. Opex/barrel at 5500 midpoint of $60.
Stag operating costs for 2024 $70m.
Stag production FY22- 2176 barrels, there was a $60m infill at the end of 22.
HY23 production -2879
FY 23 production -2672. Present production circa 2500. Dividend that into the $70m operating costs gives you $76.50 a barrel. Without another costly infill the production will continue to fall, at 2000 barrels per day, the opex per barrel is $96.
Terrible lazy cut and paste wording then!
The admission to trading concerns the shares that have just been vested... They're using the same wording as last year's RNS, it has nothing to do with the deal.
You do realize that Stag/Montara are about 20% of our production now, the operating costs will reduce significantly as the repairs and chains etc are sorted, leaving a long-term asset producer for years to come at lower Op costs, nearer $30-$40 prices.
Paul did say we are looking at another infill drill at Montara early next year,
Charlie, Lying again!!!!, you really are sad
It could mean the deal has been completed. I suspect another RNS this week
In the malcy interview paul talked of some assets - ie stag/montara being around $60 ops cost, with other assets nearer $20
Oh its gone up again has it!!!
JSE need every cent increase in the price of oil. The operating costs for Stag in 24 are $75-80 a barrel.
I know what you mean but i think they would have put out an rns seperate and its not on the headline.Could be bad wording but who knows
$86 ATM, my dyslexia is getting worse
Has been on a decent run since we got suspended on the 13th of Feb, it has risen $5 in price and shows no sign of slowing over the near term, i no we have a could amount hedged , but since then we have increased the production stream from our other assets, so we must be generating significant cash at the moment, if it stays around the current price, we could see a nice uplift in the Sp once suspension is lifted
Hoping we get the February update released on AKATARA this week
It is expected that admission will become effective, and that dealings will commence, at 8.00 a.m. GMT on 21 March 2024.
Its the "dealing will commence" bit...
I just read the rns could be that the specific shares allocated to PB will be admitted on the 21st
Sounds good to me plenty to be going on with
It says shares to enter trading on the 21st March. Maybe the deal is not on and we will be back sooner than we think??
Paul seems keen on gas according to what i read into the video he made with Malcy.Guess he could just bid for Macedon gas fields,lets wait and see
Over $85 atm JSE must be coining it, price of oil i would think is because Russian refineries are taking a hit
Agreed Roxi unless they get Woodside dirt cheap which is unlikely it dosnt make much sense now they are turning this ship round and can use the cash they are making to use on the projects that they now have on going ie drilling etc
I think we can read into it , that yes were interested but it has to be at the right price?, we wont go into a huge debt to fund this acquisition, we have plenty of other options to get faster paybacks,
I really dont think they can afford buy this asset without getting into serious debt they have enough on their plate anyway imo its too much of a risk.I got the impression from the interview and body language that Paul didnt seem too enthusiastic either,maybe its just me.
Thanks Sea7, that was actually a helpful interview. Pretty clear to me that the Woodside potential transaction is 50/50 at best - my read is more like 25/75 probability given the understandable comments around not wanting to issue chunks of new equity at the current share price. There are certain ways they can work round that at a higher price as has been previously discussed on this board but it all smells like a stretch and I gained the impression that PB was positioning the message more in the direction of "it could happen but Id rather get on with Vietnam once Akatara is up and producing"
Good update, Paul seems much more relaxed and confident on JSE future come post AKATARA
Thanks SEA7