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.
a decent RNS would be handy Steve to keep the upward trend, are you listening board ;o)
Well my boxes were all ticked today:-
Monday Blue Day (Tick)
Finished Above 1.175p (Tick)
Wife Is Happy (Tick)
What more can you ask for, well BLUE day Tuesday and build on a technical success than means nothing in small caps LOL GLA !!!
In the current market what would be accepted by the board and shareholders alike as an acceptable offer. Income from Ruvuma I would think at least two years away.
IMO an offer of upwards of 50 million pounds would allow further investments in already cash producing gas fields a special dividend to shareholders and money in the bank.
May of course be a lower figure with a free carry.
I’m sure the board have had offers and will make an announcement at the appropriate time.
Good to see another steady rise today.
Hi hex, a premium would be good as the rate paid to Aminex only covered the Exploration and appraisal costs, so all that risk taken and cost's recovered only in cash equivalent terms. One thing is likely if the sale wait till post C1, then I would expect any buyer to have to pay a huge premium to todays price.
Solo was to Farm-out 12.5% and based on AEX farmout @72m at the time and a SP of 1.80 (Approx) then Solo on a deal like that would be priced at 2.5p ?????
"The Company will consider reasonable offers and remains pragmatic in the context of the challenges faced by energy market participants against the current global backdrop. "
Ruvuma is obviously worth a decent amount, worth spending over a 100m to bring it to production. ARA leveraged their large AEX holding to get a good deal for themselves for the AEX farmout. Do you think solo will be able to negotiate a premium to that?
IIRC most of the board bought in from 2p to 3p. That will probably influence what they think is acceptable. Hopefully not bad news for long time holders with a greater average.
small volume so nothing to get too exited about but 1.29 (Paid) tho GLA !!!
Was due a tick up. News please
yes I did note that as well Chris :o)
You can sell @ higher than the SP, never mind the BID, so the spread and SP reported is bull.
(On My Level 2) !!!
1.2425 (PAID) granted on small volume but I always said 1.175p (Close) would be positive indicator in my mind :o) GLA !!!
Brian On that thought I’m going tuck myself into bed with my teddy and dream of a 1.175p or above finish on Monday ;o)
Monday GLA !!
Seems helium one would just about fit into our strategy should they be unable to acquire any other asset.
We already own over 10%.
Breaking: Great News. The Government has relaxed restrictions on international flights https://t.co/suFr2gbxWp https://t.co/VN0gpxyZUi
Looks like tanzania may let a drill crew in afterall
With an acquisition or two imo we could be looking at least double that.
Cperkin there is a lot of military movement down to the mtwara and ruvuma region to protect oil wells from Mozambique . The a19 runs along the boarder to Mozambique so if the drilling rig is coming soon then it's very protected . Find this news very interesting that this added security is happening now and oil well are the reason not people crossing the borders with coronavirus.
He says 2020/2021 to me that sounds like the nov dec Jan rain window . Personally i think there is a buyer for helium one .
He says 2020/2021 to me that sounds like the nov dec Jan rain window . Personally i think there is a buyer for helium one .
Thanks FL, drilling sometime in the second half of 2020....lets see.
Helium One Limited looks to raise $5M to fund its Tanzania-based helium ... https://t.co/1SjXTnhJx0 via @YouTube
Sorry if posted already
Listening to the BLOE interview at the conference he stated that they would be prepared to have farm in partners for two of there assets hmmm
Thought of that as well.
Cheap at half the price.
As always at solo. Nothing would surprise me anymore.
Not sure if there is a rule which says that once an offer has been aborted six months must pass before another offer can be made. Not sure if correct on this.
Anythings possible, I thought they would of at least pushed ahead with the renaming and new company website.