Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Lol we are listening mate
Your post on finance are old, this fell off a cliff in September / Ocotober, have a look like at the RNS, due to refinancing, which is yet to be resolved.
This jumps up and down without any fundamental reasons, as you can see volumes are low, therefore little activity sees spreads of 15% in a day!
What are your thoughts on refinancing a year before the anticipated date?
How disappointing is this stock! They drop a bombshell with the refinancing required before schedule and then say nothing, sending the SP into a tail spin. Media relations terrible, investors need to know what's going on this will be heading south until the moil board get results. Where's the money coming from? And when? Come on sort yourselfs out!!! Losing faith, reserves might be there but losing credibility is trickling away.
Lets start with the good news: production expections are inline with prelimary expections with yields greater than initially expected. The bad news and this will have the faint heated running, current cash reserves will need refinancing earlier than expected due to operational costs being greater than expected. As an investor myself, I want to see the operation guys forecasting accurately, this news does present a shake in confience, however everything can not be forecasted and the potentially yields here are now greater than expected in the longterm. GL to all those holding.
Let's hope there's some substance here!
We want oil :)
"First oil production from the Tsimiroro steam flood pilot project expected in the fourth quarter of 2012" As long as they keep to this timescale we should do well and hopefully the remaining blocks will prove as fruitful as predicted. The Goverment remains a little volatile shall we say, which could put investors off. Will watch the sentiment here in the interim.
What are your thoughts with PAL? PRAE buy price was .14 and there now making money, expanding and they have cut debt, it looks a good deal at the moment, thoughts welcome.
Strange the sp falls
This has been a low volume trade, which follows the general rule of thumb here at LSE, no volumes no investor comment. However without sounding biassed the key ingredients are here for a good mid term/longterm investment. Barring any major blnders that is! Fingers crossed!
This is slowly retreating.
I will keep this on the watchlist for now, i'm very tempted to dip my toes in with Pal. Will continue to research for now.
I will continue to watch for now, I see Galileo Resources is up 10% today. Theres multiple variables for this one. I like PAL as a potential option to, cutting debt and a road map forward. This has my attention.
Apologies I took a quick look at this companies core investments and thought what a great opportunity!. Two hours later having a look at the figures theres some big questions here. Firstly the two entries are ordinary and subscriptions shares, that clears that up. Looking at their investment portfolio, there are certainly some questions against the current value!!!! They have 7 core investments and heres the simple maths against todays share prices: Firstly the company name, share holding, todays price and value to date Equatorial Palm Oil plc - share holding 8,947,950 - SP 12.5 - Value £ 1,118,493.00 Sovereign - share holding 29,000,000 - SP - 4.75 - Value - £1,377,500.00 Galileo Resources plc - share holding - 7,900.00 - SP 39.5 - Value £3,120,500.00 A-Cap Resources Limited - share holding - 27,500,000 - SP - 0.14 - Value- £2,528,854.00 Maya Gold & Silver Inc - share holding - 12,000,000 - SP - 3.87 - Value - £2,448,205.00 Australasian Resources Limited - share holding - 20,852,657 - SP 12 - Value £2,081,747.00 Ampella Mining Limited - share holding - 4,000,000 - SP - 45 - Value - £1,182,321.00 Total value £13,857,620.00 However PRAE at the current sp of 62p with 40,082,866 shares = current value at £24,851376 So PRAE's investment portfolio equals £13,857,620 and the company is currently valued at £24,851,376 a margin of £10 million plus. There are of course multiple algorithms, capital assetts and of course return on investments to consider, but a company with 10 million value deficit against its paper investment is the current SP just waiting to plummit?? or will its investment portfolio targets see this fly? The figures below have been converted from Aus dollars and Euros where appropriate.
Why does this new entry into the AIM world have two seperate entries? This looks a a very exciting opportunity based on their current investment portfolio.
Just needs a spark of good news, but it will seesaw in the interim.