Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Duster - can I just check what you are stating ...
There are trades that will not be posted or seen by PIs presumably then to rely on a TR1 at a later (if ever) date?
Is there anyway to see trades of that type in the background - if so where?
I would like to see the evidence you have for:
- massively overpaid - when this remain confidential...
- dilution - when there has been a tacit strategic guide that there will be no need for further dilution
Lending @ 6-8% has been confirmed as the intent.
It is possible you are correct but unlikely, therefore perhaps a little more caution when presenting aspects as fact that could be taken as a deliberate attempt at FUD.
Today is disappointing but the direction of travel is not
Onwards and upwards
Not if they are already flowing at 100 bopd unstimulated...
At least try to share valid and reliable concerns
Again you and Iron are right more than wrong but win with grace, lose with dignity. A board with good debate and a vastly reduced plausible twists to suit own needs given they make little if any difference to share price would be welcome by many, I would think..
£1 for Christmas club has quite a few members :-)
Onwards and Upwards
The fact that Art cannot present for toffee is utterly irrelevant to the SP. If you want a CEO who can present regardless of fundamentals then you will be disappointed here.
Separate the actual [presentation from the content of the presentation - two totally different aspects - one surely would only invest in the content rather than the shine anyway.
He seems refreshingly down to earth and confident in his style (not everyone's cup of tea) but either way the content of his communication (about as far from flash b*****ks as you can get) is there is shed loads of oil, we can get a good loan facility, so we can get it out of the ground in the autumn and we have secured an even greater WI. What is not to like?
Onwards and upwards
Gold and Iron you are almost certainly right and you have been right more than the positive posters, including me. However, there is a way of doing things ... win with grace and lose with dignity. Try it. Just be a little more humble. LTHs will keep their money in and it will grow in time - most agree by Christmas things will look different and closer to £1.
Art is bringing a complex project together, hard deadlines are impossible as he is not in control of all external aspects. That gap does not suit traders quick returns and they go elsewhere to make or lose money - I would certainly lose, so stay.
Please tone it down a bit - clearly it is a rubbish day aaaaagggggggaaaaaaiiiiiiiiinnnnnn
Onwards and upwards after this dip....
Not only that DG - they have just had a proper telling off. I fully expect them to behave themselves now or it is detentions next :-) Trolls your ears should be burning - behave, your letting yourselves down, you are letting COPL down and you are letting Arthur down :-)
Onwards and upwards
At least the telling off seems to be out of the way :-)
He clearly knows his stuff and it is clearly implied that doors are going to be blown off - awaiting formal announcement...tick tock
he is also right to say this is big and complicated engineering, finance, legal aspects - it is coming together and it takes time
Onwards and upwards
I hope you are right Shaa but that sounds a little toppy before it flows in autumn. Suggest £1 by Christmas - just another opinion :-) 60p off the back of the trilogy
CUDA
RBL
RS - CPR
Either way, I hope it rockets up for all - we must be due a 50-100% day soon - look at Vast, Challenger...(not in either, nor will I be) We are due a blue day in the sun - tomorrow?
Onwards and upwards
TH1973
Try this previous post:
New Discovery
1,700,000,000 barrels
300,000,000 shares issued - added more for worst case scenario
40% recovery rate (all indications at this stage are higher)
92.5% Working interest
100% of discovery (one entity)
$8 p2 reserve price - could be more
Purchase price of that aspect alone will be @ $4,277,200,000
Gross turnover $68,000,000,000
Share price $14.26
converted 0.7634
Share price £10.88
Dilution has a clear material affect on the share target price - now reduced by £3-4 after recent placing. And maybe again. However, there was no chance of making the journey with placings (we could debate whether optimum placing price etc but it is definitely a moot point and debating over the scraps when considering the realistic multiples here when the after burners light up is churlish) This could be months or years but it is going up from here, way, way, way up but not as far as before. The trade is before it probably wouldn’t get there and now for some significant pain, the chances of it getting there are infinitely higher but the target is a chunk lower. I will take that - AM is clearly working through a bullish plan. Then add in all other oil…and potentially CNOOC
On to very much higher SP in the coming weeks and months. Beyond that, if you stick around look out for £10+ -then who cares about the number of shares in issue currently.
Again, any figures that are inaccurate let me know and I can fine tune easily but wish to be reasonable and accurate based on actual oil available. Also, no need to tread heavily, let’s seek a reliable outcome for all genuine holders of COPL
Onwards and upwards
RBM
And that is a YES from me.
Although there is understandable frustration and desperation for the SP to head north...
Oil coming out of the ground, paid for with lower interest loans seems to be the only thing that will underpin a rerate. Let's face it, even the CPR is unlikely to be the catalyst given one could infer from AM that the oil is there. The timescales are therefore later autumn, early January for a proper rerate. I am now resigned to that timeline.
Whilst I really wish it could be earlier (and I mean really!), holding to an earlier timeline would suggest a lot of angst.
@60p September
£1+ December/ January
Not to secure those increase will suggest something has not gone to plan - the next few weeks staying on track is critical to the whole but also to sentiment for changed leadership intent.
Onwards and upwards
Except the metrics are there for £10+ (not a ramp just a calculation) with the current share base, however distant that outcome might seem.
Whether we realise that in a reasonable timeframe is an entirely different matter - I would expect by December the Sp will be well north of here. Once at £1 getting to £2 won't seem to difficult and multiply from their. It just seems utterly impossible right now - it isn't if the Ryder Scott verifies the resources available.
The next few weeks will be instructive and accretive rather than the destructive journey thus far
Onwards and upwards
It could also be the case that BB expectations may be too high. The timeframes for expectations have been persistently way off and still haven't been realised in any way shape or form - good for those new to the share though. On that basis, perhaps posters have responsibility as well as Art.
I really hope we turn a corner but it increasingly seems that autumn is a more reasonable expectation for genuine SP movement north. Hope for the best plan for the worst.
I have certainly learnt a lot from the journey on this share
Onwards and upwards