Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Profit is profit at the end of the day.
If GOI news took it to 0.5 intra day, would probably cash out with a view to getting back in lower at a later date. Could of course get caught out, if news of a good jv followed soon after. If so, what the heck, its all a game in the Aim betting shop/casino. Gla
So that's why you are a multi millionaire. Lol.
Of course i am right Gordon.. I am always right hahaha!
Ah the old Mike watts days !
Sincerely hope you are right about that valuation Conger. Would be great. No point in arguing the toss about what is factored in or not. The sp when news drops is all that matters. Atb.
Oh well, if you are not going to be serious. Lol.
One actual indication of some sort of valuation is from a long time ago, 2013 to be precise, when Oilex sold a 10% share to Magna Energy for 3.8 million usd. This of course gives 38 million for 100 %. You could argue that with inflation etc it will now be a lot more. It was also before the difficulties encountered with 77h, which we hope will be overcome with the new techniques. So who knows what a jv will value it at. We certainly know gspc didn't think it was worth that much. Atb.
GOI is not factored in, It went to over .5 in April before it is was even factor in, just assumed it was coming since then delay delay delay and bit of back tracking. With the GOI i would expect return to over .5, with much more robust share price being maintained.
Then with JV i think around £25m for around 45% much more likely a price, which i think would double the price from .5 yet again. As Oilex would be funded, with shared risked to explore and develop Cambay with the new technics.
Those two things are the biggest drivers for me from price increases in the next 3 months, 4 weeks if just a guess as they keep saying it is near... It must be near now as what is holding it up? We are not hearing any reasons for it to be slow.
My apologies guys wrong thread.
Wonder if we will be joining ceraweek, a lot of key players listed u see - bP, cairn ….
Hi Gordon
That’s Sterling and 49% lol
The new partner would be getting a good deal in a emerging gas market with future profits in the billions tbh it’s a gift at 50 mill
Have a break, enjoy a never ending Burnley KitKat… it’s very similar to the never ending gobstopper in Charlie & the chocolate factory!
Hope this helps!!
Bmdjf. So, that would be 50 million for what % of Cambay? Dollars or pounds? Personally, I would think if someone offered that for 100%, they would snatch their arms off and use the cash to develop other projects. Anyway, hopefully we'll find out before I'm too old to care. Lol. Atb.
Looking at the mcap I would say nothing much is factored in for 100% ownership of cambay
Don’t know much about the jv , I would imagine oilex would be looking for 50 mill min from the jv partner
A steady rise would be better than a spike on a bit of news
Yes hannay, it could well be that the gradual drop was due to the long wait and some doubting it would ever happen. Sentiment does seem to have improved in the last few weeks. Atb.,
Gordon,
I have to agree that you'd think it's already factored in but from what I see, the sentiment has gone whilst waiting. Once GOI approval has hit, sentiment will rise again and that will be the true driver for a higher SP.
So GOI approval will, IMO, raise the price but that is due to a knock-on effect in my eyes.
All IMO.
Hi Conger. Got to say that since everyone is in agreement that GOI approval is just a formality, it's hard to see why that announcement, by itself would produce much of a rise. Surely, if its a formality, its already factored in? Having said that, past experience had shown that on the day, its possible for it to get hyped far above what is justified by the news. After all look what happened in April. Peaked at 0.5 ish and fell away to 0.3 by the end of the day. Guess I'm contradicting myself, but truth is none of us really know what will happen.
Why 4 weeks? Given that it has taken way longer than originally anticipated, might be tomorrow, might be months.
I also, originally thought news of a jv would follow hot on the heels of GOI approval, but now that drilling of the new Wells won't be until the second half next year, maybe that's less certain. If the two things did happen together who knows what could be hit on the day. Atb. Gla.
I would not be surprised you get a peek over 0.50 in lot less than 6 months more like 4 weeks with the GOI approval and if as many suspect and hope a JV is set up ready to go, 1p is realistically possible on that announcement.
Bmdjf: When are you expecting that we will be in full swing? Seven bags is a bold prediction. I would be happy with .50 in six months time.
Still only 14mill mcap
Billions of assets in cambay
Carbon capture as well
I reckon this will be over 100 mill mcap min once we get into full swing
Gla
So good I said it twice.. lol
Oh look no change on the SP again.
Holding very well.. ;-)
Oh look no change on the SP again..
Holding well.. ;-)
Soon. Sooner. Soonest. Lol.