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.
I think the point is that all this cash is no use as they're just going to spend it to keep the cash coming in [a rubbish strategy!]
I wonder if another duster is priced in...
Hopefully, the big news re Morrocco is a cash sale...
Yes Luck, i agree SDX are the least valued out of the 3... the reason, as you allude to, is investors, or potential investors, see little long term value because there doesn't seem to be any other plan than drilling these tiny wells, hope for a good outcome and take the salary. Hanut was the glory shot and it missed. That was when i sold up. I keep looking for a reason to reinvest, but I cannot see one with Laural and Hardy in charge.
The only way to get them out is by a vote. Is there enough Institutional appetite for that? Probably not.
Although i am not sure investors care about EV's!
The reason I identified both of those is that all 3, give it take, are rated at their EV now. Doesn't matter what's come and gone really.
Hmmm. Jse and Sqz share price have performed very well in the last two years unlike Sdx. It's not the sector , in fact it's been a very good year for many O&G companies.
Shakey - Good to see you still believe [kinda]. There are lots of good companies out there in the O&G sector working on negative or soon-to-be negative enterprise values [JSE or SQZ for example]. The issue is sector-wide and the only thing that will change is when private equity comes in. They will. Value is value.
Direction or change required. Bring back investors, take on new areas , take on debt , buyout a potential o & g company anything to make this company exciting . Last year was a golden opportunity for this company, but sadly gone now as they don't have any up and go in them to take advantage of downturns in a cheap borrowing environment. But like I have said the commidity market will improve from spring next year so maybe they will pull a rabbit out of the hat.
Again as I said before valuation has nothing to do with this . London stock exchange or AKA the casino has stupid valuations across the board. The more sells the more the MM need to find buyers, by doing this they bring the stock down to soak up liquidity. They don't want these shares on there books to high risk. There can be no limits to how high or low a share can go. So for all the figures commented on the discussion board to valuation to no debt this is irrelevant, no demand lower and lower.
Even I think that is unlikely and would be an absurd valuation. If anyone can make that valuation a reality though, it's this company.
Sold more share yesterday at a huge loss again. Very concerned this is going to 6p a share. Seen this many times over years with companies like this. Will probably range between 6 to 9 if no changes made. Hope I'm wrong.
Well, the bod's own words...
"The MSD-21 infill development well on the Meseda Field (SDX:50% working interest) spudded on 16 October and is targeting the Asl Formation reservoir at approximately 3,200ftTVDSS. It is estimated that the well will take around four weeks to drill, complete and tie-in to the existing infrastructure. MSD-21, with an expected gross cost to drill and tie in of US$0.9-US$1.0 million, is anticipated to come on-line and produce at around gross 300bbl/d, which would have an immediate effect on Group cashflow and result in a payback period of less than one year at current oil prices. The Company expects to update the market on its result in mid-November."
Very frustrating approach, as always. It's market moving information and success could create a buzz around the share, especially as we know the drilling results in Meseda and Morocco tend to a high percentage of commercial hits. Just another reminder that the management don't give a **** about the PIs or the share price. Santa please bring us a hostile takeover - someone must be able to see the value here?!
They might not say anything until the end of the campaign. Especially if there are dusters. It is their style. They do the same in Morocco usually.
I'm still waiting to find out the result of the MSD-21 WELL drill - should have been with us mid November. If it's a duster, then just let us know.