Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well, in the end the market will evaluate the successes... I think Falcon was once over 4 or even 5 dollars. OK, we'll never see that value again... but this share price was at that time I think before the first drilling .... I think we were still on the road then in Hungary
hello all,
I sent the following message a few minutes ago to FOG
BR
Beetaloo
Dear Falcon Oil team,
First of all, please forgive my writing style, as I am not writing in my mother tongue.
I have been a shareholder in your company for over 10 years.
The developments, especially since Mr. O'Quiqley has come on board, make me very confident, but also with the knowledge that this is an exploration project.
Today I would like to ask you to inform us more regularly about the current state of affairs.
I am sure I am speaking in the spirit of many other shareholders who have expressed the same wish in various forums.
I don't expect any puffery or contentless shouting like some of "our" neighbours, but please a little more proximity to current events.
Thank you in advance for a brief reply.
Many greetings
There is a text in the Bible: the first will be the last!
It is only to our advantage if all our neighbour go full throttle. This way we can profit from the results of others. In case of success as well as in case of defeat, we can concentrate on the promising areas without wasting our money. As far as I understand it, the government subsidy is only 25 % max.Some wells are not too far away from our area. Why not wait a bit and put the money (possibly without a grant) into the exciting regions rather than sinking money now just because there is a grant. Maybe my thought is stupid, but I sometimes copied from the person sitting next to me at school. It wasn't always my disadvantage :-)
Thank you very much, then my English skills are not that bad. German is my mother tongue.
Which is beyond my intellect:
a company stands and falls with its leadership.
Why are there so many people on this forum who think Phillip is bad? Why are you wasting your time?
BR
Well, I think we're playing it safe with our approach in 2021. From my point of view, it doesn't make sense to spend all our money on just one - very expensive - game and then be left with no money for further drilling.
If we - and / or our neighbours - are successful in one of the 3 games in 2021, that would boost us (also in case of further financing). If our and our neighbours' activities prove or suggest that a game is commercial, we can become bolder.
By the way, I think POQ is doing a very good job. He has got us through every difficult situation to date (e.g. Hess, Moratorium, Covid). The much-praised CEOs of our neighbours still owe such a proof.
Hello Nano,
could you briefly explain this to me as a layperson.
It would be great because, on the one hand, I am not an expert and, on the other hand, I am not a native speaker.
Thank you at this point for your general technical input.
Beetaloo
Thanks Newtofo,
yes, but as far as I understand, Origin would have to bear 25% of this, thus around 5.625 million for Falcon and 1.875 for Origin or I have a mistake in my thinking?
Hello Newtofo,
are the 7.5 million based on the original 30% ... or are they reduced to the 22.5% base, i.e. H. would it be about 5.5 million?
Sorry, I've lost track of things in the meantime.
... conspiracy theory or not. The really big boys (e.g. Viktor etc.) who hold the right stake blocks here will not play these games. Otherwise they would never have become such big boys :-)
Beetaloo has a value, then they want to see reasonable money here ... or Beetaloo has no reasonable value ... then these guys book it off the balance sheet.
But my balls would be too small to try to play Punch and Judy with these fellows.
Maybe someone has already dealt with their biography ...
These guys will certainly have nothing against the fact that the managers here are very well rewarded - gladly also princely - if they are successful. But they don't go along with nonsense. And I am firmly convinced that they are not planning to either.
Now also my opinion on Phillip. He's doing a really good job here. So far he has got us through every difficult fairway. And yes, if Beetaloo has the value we hope for, we will cross the finish line with Phillip.
If someone wants to talk about the cheese about playing golf etc. ... sorry, they have no idea about the business world.
... so I think it's good to have some of these big boys on board in the hope of participating.
Sorry, but these are my thoughts and I hope to have brought them across because of my foreign language.
.. in the past few years these points have always been published on the website, press releases... (detached from Sedar etc.)
If options are exercised by executives (by whatever company, especially with such a large number) there are i. d. Usually also press releases.
In my opinion, there are hardly any bigger signs of trust in a company.
... well, I think it's weird
Hello all,
Beetallo is currently receiving a lot of political tailwind.
Could it be that Falcon's current statements ("very encouraging") on the current drilling results are being presented optimistically?
I only mean the subjective assessment of the situation, not the objective facts (these cannot be assessed by laymen anyway).
Possible background: the positive political wave should not be put in check until further (hopefully very positive) facts emerge.
Future of Beetaloo:
Should we get a confirmation (whenever) of the economic closure of 50 or 100 tcf here .... shouldn't that lead to companies (with a foreign background, e.g. Japan, China) wanting to secure a supply from this monster here (gladly also at a very reasonable price)?
BR
Ps: Sorry, I'm not a native speaker and hope I've made my thoughts clear.