Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Blimey DBH there are assumption and there are assumptions…
Seeking perspectives is perfectly reasonable. RNAs are often long over due and sometimes followed by unexpected and unpleasant surprises. Please don’t make this personal - I understand your stance of put up or shut up but that would lead to a BB like a ghost town - not sure the point of that
Onwards and upward - still not selling :-)
Apologies as I have upset you Shaa I really don’t wish for tit for tat off topic and i am genuinely trying to hear different perspectives and believe discussion is good even when just sharing plausible ideas. All responses this morning seem reasonable.
Thanks Wheelo - that makes complete sense - the reality of the engineering needed to move this project along would take considerable time (markets are not patient -esp our journey in the past year) and many things are in action concurrently
Engineering
Legal
Financial
Business structure
Conclusion for me … there is a disconnect but the probability of moving up by Christmas remains high in response to the development and completion of multiple aspects.
Much less spooked, road will be bumpy but going in the right direction and SP will catch up….. at some point
Onwards and upwards
Shaa - we are hoping to explore perspectives in a discussion - there is not always evidence immediately available. Baggy has put up a view - he is certainly correct in the confirmation bias. Perhaps we could have all bought in cheaper without that. Please allow a reasonable alternative view to breathe. Likewise Iron who has changed his spots has shared a plausible view but we don’t have evidence. Many thanks
I am 100% spooked but not selling
The pressure issues are well (pardon the pun) advertised and I had understood a relatively straightforward ‘plumbing’ fix. That returns me to the disconnect - although trust and sentiment are powerful they are not responsible for the dump yesterday, so
1 where did they come from?
2 why sell now?
3 are there any more next week?
Again I am an LTH trying to understand different perspectives not implying doom and gloom - the SP can do that all on its own
Onwards and upwards
there will be no increase in production this year due to pressure issues caused by the COPL engineers not being resolved until next year
Where has this been announced? I had thought delineation wells expected this year would increase production… happy to concede I am wrong in that but no increase expected seems like news to me…
The disconnect is unbelievable - how can it be explained if the oil is in the ground, which I believe it is…
Jan: SP Angel has called an impressive and significant new discovery onshore USA, in Wyoming.
It creates the potential for the company to grow to a scale “many multiples” greater than previously forecast, according to COPL.
V
16.6p share price
Answers on a postcard please as this is messing with my head
Still not selling
Onwards and upwards
Still looking at the maths posted multiple time before and don't see where it could reasonably be less than £10 going forwards - that is with independently proven P2 reserves:
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
Apologies Sharebel :-) Feeling a little sensitive given EVERY time there has been a whiff of positive sentiment or news it is immediately followed by a downturn. I truly want to believe this is the bottom, MMs need shares, positive news will flow and the SP will rocket but with sentiment and trust literally on the floor or in the cellar - hope seems a good breakfast and a poor supper.
I am focussed on December but hope for a slightly better ride than the current experience and this is entirely different to the assumptions literally everyone had in recent weeks so we have all been completely wrong.
Why on earth think we are right this time or it will be different? Not a deramp, just a serious question that I am asking my self and sharing with others given the journey thus far....
And before any numbnuts states I should stop whimpering and sell up.... I am not selling until this is £1+ (and can retire) but reserve the right to test ideas on a BB with other holders.
Cheers LTH
3x this level is still rubbish. Many, including me sit with a 34p average - so that will be 48p a 50% profit for all this pain. I was new to shareholding and this really has been a painful education. I sincerely hope we go way, way, way beyond 48p :-) AND if the discovery is as reported it should be ££££££££££££ - sentiment and trust are everything - Art I really hope you are ready to build sentiment and trust for those who have ploughed money into this company at much higher prices and I hope you really did use your own money for your purchase and you use this as motivation to improve these things at pace...
Onwards and upwards
Where would you suggest a decent buy opportunity then Gold? I cannot see from the posts anything specific to suggest your thoughts on this, apologies, if I am wrong. You clearly seem to be concerned for others who may buy in therefore let us now when you think it will be safe, if ever - transparency will be helpful.
Onwards and upwards
09:28:43 17.00 1,000,000 170.00k Sell
Probably has a significant amount to do with this. Again if placing likely, it is likely for CNOOC therefore accretive and I would be happy. If it isn't I would be more concerned.
Nevertheless, bumpy road
Cheers
Wookie - you are not a manipulator, nor am I. I have 900,000 shares and yes I am very concerned. BUT... I did invest in fundamentals and therefore I must be prepared to wait as long as it takes. This is a large industrial, financial and legal undertaking, if one thinks about it, it was always going to be this journey. The fact I didn't recognise it was my naivety rather than a problem per se with the journey.
I have thought for sometime that we are unlikely to fireworks over the summer but should see strong movement by December when the oil is flowing (please God let it flow!). It is possible that it will go on a rampant bull run before so better in than out at this stage.
To all the balanced posters on here, who share educated balanced posts and can discuss pros and cons without getting personal and infantile thanks :-), it does provide food for thought - some difficult to swallow but like carrots and veg essential :-)
Onwards and upwards