Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yup Didgy, not very often news of such significance has not seen a sharp rise leading up to it from those "in the know"... Could we see a 100% day. Who knows, it's happened before.
This has to be a first , Rns contracts announced with no inside intelligence to manipulate the SP . Wait till Tuesday for a rocket ——————)
@ PaulFG
I suspect the RNS will be distributed on Tuesday when the market re-opens.
It will be carefully penned announcing the License wins but to also remind the market about our £100M of retained Value.
Great news, great spot - pretty poor show the company haven't issued an RNS, perhaps they're all on vacation?
Lets see the licenses RNS as there should be one. Also in the last presentation the broker give a target of 84p if i remember correctly. with these new licenses (as it seems to be awarded in the link posted earlier) the value must be increased. I wonder if at some point SB & Co may receive an offer that they cannot refuse... In any case today seems so incredibly cheap.
Other big winners in the SNS area include Deltic Energy, Horizon Energy Partners, Ineos UK SNS, Ocradian Energy, Perenco UK and Neptune Energy.
I have to say, although the current climate is horrible in NS, if we do come out the other side of the looking glass (currently looking by 2028) - this is a lottery ticket. Heavy oil will be needed for decades, and as SB and team tee up these licenses they'll be as rich as Croesus.
Hmmm, the licences are in the bag then. perhaps it is in the process and it is coming just before the EOD?
Today 15:34
Orcadian Energy: 50/21a, 50/26, 49/25b, 49/30b
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552821/breaking-nsta-reveals-winners-of-latest-north-sea-licensing-round/#:~:text=33rd%20Licensing%20Round,in%20the%20Southern%20North%20Sea.
Orcadian Energy: 50/21a, 50/26, 49/25b, 49/30b
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552821/breaking-nsta-reveals-winners-of-latest-north-sea-licensing-round/#:~:text=33rd%20Licensing%20Round,in%20the%20Southern%20North%20Sea.
We are expecting an announcement of new licences very very soon :)))
Licence news possibly first week of May?
Hopefully news update next few days.
It seems that news is getting closer.... licences awards and shell repayment. this is what we have been told. this could be positive or could be negative.... also been discussed in here is the current MCAP which seems to be so undervalued. the last broker target was 84p if i remember correctly. Looking fwd to see what comes next. GLA
Https://twitter.com/Orcadian_Energy/status/1783412068974035065
Have Ping picked the FPSO? The third license is also due. The next 2 partnerships have ORCA on 50% of the value.
As i said MMs seems to be out of shares or very tiny...... with some few buys we have had a tick up.... wondering what it is coming. GLA
Same here with a bit higher average but it is only matter of time to get above water.
Topped up again this morning. Only 10k but gets me to 50k with an 11p average
Into the bottom drawer they go, but happy to wait as the company has delivered all that it promised so far. May have to wait a while for next round of fireworks but thats okay
Looking at the price movement with very few buys today i think MMs do not have huge quantity of share and when another great piece of news will land this may double in price in no time. so i added last week and a small quantity today as well. In case of a take over bid this may make history in the AIM. IMHO.
IMHO we will have to no way wait til first oil. Signs that project is en route to first oil, FID by Ping, would roof the stock ×5 at least. Market discounting massively as project may be on ice until tax improves.
All agreed.
Factors which will see ORCA projects progress & succeed
1. Energy security contribution
2. Green methodologies
3. We've got what we're talking about - hopefully land that 3rd licensing area in May
4. Efficient use of financial capital, if they replicate the type of deal with PING shouldn't be large CAPEX requirement calls on the company prior to oil/gas income flows. Not saying there won't necessarily by further dilution but it shouldn't be major compared to costs to develop a field.
Buy, hold sit back - as to when who knows, this might suddenly attract a sentiment shift, an approach by another entity to takeover or it might be that we have to wait until first oil (which I doubt will be the case).
Https://x.com/proactive_uk/status/1782394938111443113?s=52&t=wBg8BlyNESqPFJs7gh_nIw
no rush but will be there.
The loan is not an issue. It'll be repaid by whatever cash raise they do (debt or equity). It's personally guaranteed by SB.
This play is about Labour softening their stance on NS O&G. SB is assembling an incredible amount of acreage, and is setting up viable options for heavy oil. My take is that Labour will have their hand forced by GMB and fiscal pressures to soften their stance.
If this comes to pass, though risky, ORCA will be a 10 bagger minimum. It's almost upsetting to calculate FCF if Pilot and the other projects go ahead. Could be a twenty bagger in 3 years in a best case scenario that Labour are forced to reverse EPL completely.
It's hard to see political situation getting much worse - so maybe this is a time to buy.
GLA and IHMO.
Recently brought in, the only thing that concerns me is the this $1 loan payment due in June? What’s the general feeling about this?