Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks Jimmy. I was aware of that but have also seen what i considered unnecessary raises.
I have a cash pot ready just in case. This is after all a thread about risk. It worries me greatly when nobody sees any risk at all.
Speculiar - agreed you get a volume increase but it is hard to quantify from a single measurement at a well. You can't simply say that 150m at the well gives 1.5x the volume compared to 100m at the well. The reservoir is not a homogenous block.
Jimmy,
That's an interesting thought. Which I don't recall you expressing before. What is the value to Chariot to issue an interim CPR ? They don't need to raise funds.
When do you expect the interim CPR ? I admit it could be tomorrow if you are right.
Jimmy,
I don't disagree with your technical analysis though I suspect you are more qualified than me to express a geological view.
My ONLY point was that I think there is enough time before CPR (which you seems to agree with) for the SP to drift. I thought the Anchois 2 initial announcement was pretty good but did the SP agree ? I wish I had sold at above 12 and bought back at sub 9 !
GLA. There's a holiday weekend coming. Some will not want to be "out over the weekend" and others will want to protect in case Putin goes Tonto !
SHC,
On Friday night Jimmy 23 stated "The CPR report needs to integrate the development plan with the proven gas confirmed in the wells, so my guess is it will take another two months." You may not value my opinion I I think you do his.
FWIW I have never said I have "limited to zero industry knowledge". In fact I've several decades experience.
As noted many times, I may be wrong on the timing. But I put my money where my mouth is and sold a good proportion with the hope and expectation that I can buy back cheaper. More fool me if I am wrong.
GLA.
I don't think anyone would want the dilution that would be required to buy other assets now.
I note everyone is very bullish, dare I say "rampy". I still think this will trade lower before the run up on CPR news, Which I expect in 6 weeks or so. Not a popular view I know. So I will get back in my box now.
Thanks Jimmy. I took the opportunity during lockdown to get a bit more familiar with PRMS. I am now much more rigorous when looking at unaudited figures.
This will come good. I don't think we need to big up the estimates while we wait. Let's just be patient.
GLA
Big,
They will indeed publish "all of these important pieces of data in a single presentation/document."
But I doubt if they will do that before the CPR audit. To publish their internal estimates without audit would make little sense at this stage of the process. Any downgrade of their estimates after CPR would be embarrassing and an unnecessary own goal.
Patience will pay off.
I assume your strategy is based on availability of funds ? Otherwise why not put it all in now ?
I share your goals. But for a long time I had >80% of my money tied up in CHAR. When it dropped to 2p you can imagine my concern. It won't do that again but I am still worried about going all in.
I'd be surprised if it dropped below 17. But genuinely think it will drop below 18..
I expect a strong run up on next Anchois news but don't expect that before early/mid May. Again I could be badly wrong.
,fwiw, I still see this dropping below 18.
At the risk of being labelled arrogant again by Dan Lowance (spelling ? apologies if wrong), I bought back yesterday what i sold on Monday but am holding out before buying back the tranche I sold on Friday. I could be badly wrong...