Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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BC......"At what point do shareholders get any benefit?"
They never will. I have been saying that for eons now and only a few who look at it with eyes wide open will only make money by trading the share. It's a company for the directors benefit only. There never will be a dividend period.
Wake up and smell the coffee!
They won't spend all the money on the other North Sea licences BC. They have said there will be enough to fully prove up West Newton to point of sale, and I expect the farminees of the North Sea licences to cover the bulk of the costs to carry the projects forward. This is a better interview tbh.
https://www.youtube.com/watch?v=if44rtzfvdg
Not sure that interview did us any favours, very much kicking can down the road and if they spend all the victory money on exploring those north sea licences then that's a real risky strategy. At what point do shareholders get any benefit?
Sorry but i found the dynamic duos performance very underwhelming.
Manwell.....Just like paper hanging...'a put up job'
Sachin looks like a rabbit caught in the headlights.
Big takeaway from this is, the money will all be reinvested in other projects.
Yep West Newton is the cash cow that just keeps on giving and giving....well for Stephen and Sachin anyway lol
Don't be an idiot persimmon. The North Sea licences are an attractive opportunity, but not for Reabold alone. Reabold are not 'operators' and would be farming out these licences. West Newton remains the centre of attention when the cash arrives.
Well as we all know what your game is perhaps you can jog on elsewhere.
More self given performance shares inbound from the dynamic duo.
You heard it here first.
Not so much now that I've read what their game is !
Disingenuos at best. It's 7 mill gross & they will need a farm in from somewherd. Nice to see you're still "conskiering buying in again" early the sign of a completely unbalanced .mind.
Hello Uggy and others, now I've got your attention.
Obvious that if you read the presentation that all the money to be received from sale of Victory will be re-invested in new North sea oil projects costing £7M just to drill a well.
Therefore no dividends etc for share holders as I always said.
Will the directors take a pay cut?
By the time these well will produce 2025 cost of oil less than now, Buyers know that hence any sale will not raise the sums previously touted.
Same old path and guess what....the rampers will still have you believe there is 'gold at the bottom of them thar hills'
Talk about selling ice cream to the eskimo's
ROLL UP ROLL UP Deemule a chance to average down lol
Utter garbage you cretin, as usual.
I would add that, to me at least, a Corallian sale should be concluded in fairly short order.
mtp, the main reason we bought the licenses was to clear the decks for the sale of Victory. Most of them will be out & out wildcats so the NPV10 metric is not appropriate.
Notwithstanding that it's a good trade to take them to oilthe wheels of a sale.
Looking very good. What a bargain for £250k; net NPV 10 of £776m.
Hopefully they'll be able to do sthg with this 'windfall' (a happy by-product of the Victory deal which certainly looks in the bag now) in the not too distant future. Helps pad out the portfolio beyond WN too just in case that particulr jewel doesn't deliver as expected.
S&S appear to be on a roll this year! Good stuff.
GLAH.