Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“Falcon remains largely (circa 75%) carried for 2022, with the balance of costs being funded from existing resources"
Sorry, I don't quite understand now.
Does that mean another farm out of land or a partial sale of our company? I'm a bit surprised. I thought that with the money that was available or not yet used, it should be possible to easily drill 2 more holes with everything else.
Best regards
Beetaloo
Hello Naminanu,
well, I think that's a bit short-sighted.
Successful explorations by our neighbours, some of them in the same strata as us, also help us.The more (hopefully successful) drilling that goes on in the Beetaloo in a short time, the more difficult it will be for the opponents. Successful explorations by our neighbours, some of them in the same strata as us, also help us. The more (hopefully successful) drilling that goes on in the Beetaloo in a short time, the more difficult it will be for the opponents. We can also draw conclusions for our further drilling based on the successes or failures.
Success brings success, also for us.
Best regards
Beetaloo
Hello everyone,
an exciting year lies behind us and I believe an even more exciting one lies ahead. Let's have a look.
I'm sure that in a year's time we'll be able to see Falcon's future a little closer and a little better.
I would like to take this opportunity to thank everyone here on the forum for the great, informative posts and good ideas and wish everyone a happy and healthy Christmas.
Beetaloo
Hello Newtofo,
exciting times await us.
If we see $1.5 here in the next 2 years I'll start golfing too.
I think I remember what Tamboran Resources CEO Joel Riddle said in one of his recent Youtube videos (as far as I understood it correctly, maybe one of our native speakers will listen in). I think he meant that 1 TCF reserve could be valued at 1 billion dollars. If we can convert the 6.6 TCF in the Amungee area into reserves, we would be around $1.5 for our share (without everything else). With positive results from our neighbours, the rest of our area should also be worth at least another 50 cents.... so we would be at 2 dollars. In this case I would ask you to give me some tips for a first class golf equipment.
I personally don't think 4 dollars is realistic either.
I too would like to see an end to this in the next 2 years.
Any further dilutions for more stories i would also not like. For the confirmation of 6.6 TCF in reserves, hopefully the funds should still be enough.
In case our bird flies, the market valuation of origin should of course also change.
many greetings
Beetaloo
Hello all,
quick question and request:
Has anyone from the forum registered for 7 December?
If so, it would be great if you could give us a brief summary of the most important points. My problem: I can read and write in English... but to follow a lecture without mistakes is very difficult for me as a foreign speaker.
many greetings
Beetaloo
Hello,
it is nice that an investor is investing 20 million in our neighbour's house, but with a family fortune of several billion it should not be overestimated.
Kind regards
Beetaloo
Hi tnbird,
Yes i agree! See also the Presentation (9. Nov). The Goal for 2022 is the Reallocation of resources to reserves, which, as far i know, is no longer part of exploration but rather the appraisal Phase.
So, everything is still fine for me
BR
Beetaloo
1daymaybe,
no, of course these lines are not constructive either.
But at some point it would be nice to read objective contributions here. And building each other up is imho not conducive to achieving the goal.
Unfortunately, I have often had to experience that as soon as the level in a forum drops, many very valuable writers leave here (and we have really great forum participants who make great contributions here).
Since this forum is the best for me in the field of Falcon oil (even though I am speaking a foreign language here), it would be a great pity.
Thank you
Beetaloo
Dear 1 daymaybe,
it would be nice if instead of insulting you could contribute something
constructive to this forum.
Unfortunately, I have missed that in all of your posts so far.
Best regards
Beetaloo
Thank you Superspazz for your message.
If we get 5 dollars for our Falcon shares and I wish it very much (and I don't care if it's US / Australia or Canada dollars), then I include you and POQ in my (then) post-prayers.
I totally agree with you, without hope for a good and fat happy ending in our purse we would not have bought the share and would not be in this forum (which I really find a great enrichment for us Falcon shareholders and also fun to exchange with each other).
Best regards
Beetaloo
Hi Superspazz,
your calculation would be very nice.
Unfortunately, it is not really realistic.
I'm a big fan of round numbers to make the process simple and, as English is not my first language, I find it a bit difficult.
But I'll give it a try.
Falcon currently has around 1 billion shares, Origin around 2 billion shares.
Once Origin has fulfilled its obligations, it will have about 78 per cent of our Beetaloo.
This is about 3 times as many as Falcon.
So for every Origin share, there is about 1.5 times more Beetaloo than for every Falcon share (my former economics teacher would tear my head off with this illustration... but I don't care now).
Now let's not forget that Origin has a lot of assets other than the Beetaloo stake (e.g. the sale of the 10% stake in Austrlien LNG for around $2 billion is only a fraction of Origin's other holdings). Sure, the company also has liabilities.
So I would be more than happy (provided it turns out to be very nice) with a swap of 2 Falcons for 1 Origin (unrealistic) . Maybe even 3 to 1.
But to get even more from money.... the Origin shareholders would certainly not throw nice words to the board of Origin.
Also, let's not forget that if Beetaloo flies, this will also affect the value of Origin's shares and the value of Origin.
My wish or dream: 1 dollar per Falcon share and a swap and 1 Origin share for 4 or 5 of my Falcon shares.
Then there should probably be some early retirees or new golfers in this forum.
Thank you for understanding that this is just my thoughts and a very simplified presentation in a foreign language of my view!
Best regards
Beetaloo
Hello, everyone,
Yes, it's amazing how long it's been since Hungary.
I can still remember when a forum participant in a German-speaking forum even went to Hungary on a weekend and took pictures on site (as far as he could get to the drilling site). He was an interesting guy, I think he was already a pensioner, and he shared his journey with us on the forum. Must have been almost 12 or 15 years ago.
It's amazing how time flies. At that time, as far as I remember, Marc Brunner was the managing director of Falcon.
Fortunately, a few years later Falcon was able to enter Beetaloo step by step, as the results in Hungary were not particularly successful.
Hopefully the outcome (whatever it turns out to be) at Beetaloo will not take another well over 10 years.
Many greetings
Beetaloo
Hello Oleo,
Empire's result is certainly a little low.
However, this is a vertical well where the results should be lower.
I cannot judge whether they are too low for future economic viability.
It would be great to read an assessment from other writers here on the forum.
Because of the relatively large distance between the Empire well and our Amungee (and the rest of our area) and the Tanumbirini well of our other neighbours, I am not too worried.
In my opinion, the Tanumbirini results of our other neighbours, which are also closer to our area when looking at the map, will be very exciting.
I must admit that at first glance I thought the thin result was from Tanumbirini, but then I was glad to see that it was from Empire Carpentaria.
Greetings and have a nice day
Beetaloo
Stay calm and relaxed, there is no particularly exciting news to be expected in the next few weeks anyway.
The DFIT test of our own ongoing action will certainly not launch us into space and the results of our neighbours will take until the end of the year.
So, stay patient
I think the most exciting news (from my point of view) will come from our neighbours Tamboran/Santos. Our DFIT test from EP 76 will certainly be very interesting, but I really hope for great results from our neighbours. If they come.... then we can hope that one of our three games will go in the gate.
I appreciate this forum very much! There are a lot of great writers here with great info and also, in many cases, constructive and sometimes opposing views. That's what makes a good forum.
Thanks to all the participants who are here.
I also appreciate the good level so far, which should be preserved.
Thank you
Beetaloo
Hello all,
I understand your euphoria, but please wait until we have viable new information from our own areas or from our neighbours.
Until then, in my opinion, price changes of a few cents don't matter at all, because that's not what I or most people are here for.
This reminds me a little of the time in other forums at the time of digital eco (it would be interesting to know if there are any shareholders in the forum who still remember, it must be over 15 years ago by now).
Many greetings
Beetaloo
Hello Oleo,
I always appreciate your qualified contributions.
However, I think that the drilling companies used also have a lot and many years of experience.
Maybe Beetaloo has its peculiarities in terms of drilling and also lack of historical experience here, but I think the drilling companies are using their good and very experienced people here to maximise the chance of success, because if our bird flies here there will be a lot of follow-up orders and these companies can make a good name for themselves in the field of challenging drilling/exploration.
BR
Beetaloo