Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If no significant rerate on Italy , surely a dividend will be payable ?
Thoughts
£649,335 a year
Gas from the Field is sold into the national grid run by Transgaz at the Romanian market prices of circa EUR6 per mcf. The buyer of gas is a well-established Romanian gas trading business. Gas delivered in one month is paid for in the following month. The operator has elected to target an initial flow rate of c.0.7mmscf/day (approximately equivalent to 20,000 scm/day). Production rates may be adjusted up or down according to the well performance and the market demand.
so £1.5M+ coming to PXOG per year and our current MCAP is £2M..... hmmm!!!!!!
looks like market should re-rate us once italy is up and running i would guess
and going on the same calculations below romainia bringing in about £440k/year
(0.07mmscf/d = 700MMbtu x$4.5 = $3,150/day or roughly $1.15M/ year. £885k so PXOG share is around £440k/year)
can anyone confirm if these rough figures are correct?
and ive just noticed i said MATD in previous message i meant PXOG i was in that chat before and had MATD on the brain
goldeninvestor what price are you using for the export price? im struggling to get a european price or even narrowing it down to italy export prices.
does any one know of round figures for working out?
i was using $4.5 per MMbtu
(https://www.statista.com/statistics/252791/natural-gas-prices/)
so 5.3mmscf/d = 5300MMbtu so x$4.5= $8,681,400.
MATD share of 17% = $1,475,838
thats in us dollars so roughly £1.135M
are my maths completly off and am i using wrong numbers to work it out or is selva looking to pull in around £1.1M?
Yep. A new RNS would be great
Indeed Golden the SP at this level is a joke and doesn't make any sense - all I know is that when the rerate comes it will happen very quickly IMO and I'd rather be in at these levels than not !
C'mon Ed brings us an update ……..
If I'm not wrong once salva production start they will generate around £2m per year. Romania is producing but only £780k a year. Based on pxog assets their shares price is valued at 1.80p and I cant understand why we are at this level. Spain asset is worth €500m euro based on ed dawson interview, but I believe this will come good
Would love to agree with you about a 300% rise but it will hit a wall of selling. Having said that, fair value might well be 300% higher than the current SP. But how do we get from here to there? A takeover offer? Or a cash injection @ 0.5p per share?