Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
More guesswork ...
"I suspect the initial dip may have just been sell orders put in over the weekend in hope of a quick profit."
All those Bank Holiday orders.... tutt tutt
Absolutely Clueless.... all the experts....
Shorters getting burnt; jumpers for goalpost, oranges at half time, beans on toast, rush goalies....
"Patience is certainly a virtue, particularly when it comes to investing and IMHO with the new BoD now here, HUR SP will be back in double figures lot sooner than some may currently expect"
senseman... Come on.... be the honest broker, full disclosure; where in the ruling is your imaginary $62 or $63
Now if it's not there, where is it, down the back of the sofa.....or, behind the curtains...
You're just teasing me....
senseman .... I attended the hearing too, no prizes there... If you spoke, or not, wasn't the show stopper, you were merely the sideshow... C/A's legal team carried the weight, no one else, think of yourself as a canary.
Any significant number would have been included in The Judgement Doc....if it was important, it would have been contained in doc...to think otherwise is folly....
If you can point out the $62 / 63 bbl...please do so.
Con'd (for example, if the task was valuing the price that could be
achieved on a sale today of the Company) then the decision would likely be
based on ERCE’s forecast as to production rates and the Brent forward curve,
as representing the most reliable evidence.
senseman ... be serious "written judgement - immaterial"
Funny in The Written Judgment this was included >>>
"(7) If the anticipated production levels adopted in the PwC report turn out to
be accurate, then in order to generate sufficient cash from operations by
May 2022 to repay the Bonds in full, the oil price would need to be at an
average of US$85 per barrel throughout the period. The prospect of that
happening must be seen in light of the fact that: (1) the price has not
reached US$85 per barrel at any point in the last five years; and (2) it is
not forecast to reach that price at any point over the next year, even
applying a sensitivity analysis of +$10 per barrel.
(8) Even on the basis of the high case for production forecasts, if combined
with the high case for the anticipated future oil price, the increase of
US$20.3 million in cash generated by the end of May 2022 would be
insufficient to repay the Bonds in full by July 2022."
80. As to the second variable, the future oil price, the estimates in the PwC report
are based on the Brent forward curve. I accept that this is a widely used
measure in the industry for numerous purposes including forecasting future
revenue. As noted above, PwC have tested this by reference to forecasts
provided by Consensus Economics and Wood Mackenzie. The Brent forward
curve indicates an average price during the period to 31 May 2022 of US$69
per barrel. A lower average price is indicated by the other forecasts.
81. Again, however, these are estimates of future prices. The price of oil is well
known to be sensitive to world events. The marked impact on the oil price of
the Covid-19 pandemic is an obvious example. The extent to which the
demand for oil will increase as the world (hopefully) emerges from that
pandemic, and the consequent impact on the price of oil, is unknown. Mr Paul
Steward, an individual shareholder who spoke in opposition to the Plan at the
sanction hearing, referred to the fact that the price of oil has more than
doubled since September 2020 and is continuing to rise. He referred to the
conclusions very recently expressed by several large banks and oil experts that
the price will continue to rise on the back of “incredible demand”, inflation
and pressure on the major oil companies to cut emissions. He referred in
particular to the prediction from Bank of America, in the last 48 hours, that the
price could well hit US$100 in the coming year.
82. The fact that these statements have been made was not challenged in reply by
the Company or the AHC (and is easily verified by an internet search). They
are not the same, of course, as the consensus among experts which feeds into
the Brent forward curve and Consensus Economics’ forecasts.
83. If it was necessary to reach a definitive conclusion, now, as to the present
value of the future revenue stream from the P6 well between now and the end
of May 2022 .....
HullFC4ever ...... Oxygen and Carbon Dioxide....
Where in The Approved Judgement is $62 ..... spoken of.... Point me to the paragraph.....
"boating" .... Bonjour matelot
ohhh no, not another account Jimmyg1....Like the Hydra... one head cut off, two more heads emerge ...
Stop this oil price nonsense.... It's been flat for at least 2 months now, +/- $70.... Like children wanting another Jelly Baby....
Predication ....don't be silly billys in the Toy Shop
Ohh the dillusional DifferentAngle and his bretheren ... Keep off the sour milk boys ...
"Patience is certainly a virtue, particularly when it comes to investing and IMHO with the new BoD now here, HUR SP will be back in double figures lot sooner than some may currently expect."
FatSam 82-
- The smart money isn't going into dirty oil , particulary AIM dirty oil.... A poor strike rate...WW p/a... WD p/a.... Xstel...p/a.... one well not producing.... One well producing...
forward plans including possibility (not fact ) of any drilling campaigns (cost prohibitive) along with the continuous production and logistical progress updates, a new and truly independent “CPR on West of Shetland Assets” (a wish, not a fact) of HUR, especially since the one conducted by the previous board (the king is dead, long live the King) was motivated by a personal agenda (and greed) (confined to the history books), potential BoD/Executive Team stock purchases here once any closed periods are over. (it hasn't happened, why not buy when the shares are cheap cheap... ?).....................and even possibly news on a takeover/bid facilitated by CA/Other! ....(groan, not that old chesnut...I wonder why it's never happened)
All, wishful thinking.... pie in the sky.... mistaken belief....
GLA
tonynorstrom1 - There are lot of opinions / thoughts...on here, the problem is many believe the speculation is the truth, but it isn't ....
Chapter 3 ..... in the Chronicles of Narnia .....
tick ...tick ....tick.....
tick .....
FatSam ..... what's this nonsense.... "the new BoD is seriously looking at"
Shall we rewrite that .... are considering, reviewing, appraising, exploring ..... but I don't know that....and neither do you... I hope you don't believe it's fact....
It's been stable around +/- $70 for the post 2 months..... It's gone up a bit...it's gone down a bit....