Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thx MCB yes that was March at that point I was confident of a rising sp but here we are 5 months on and still hovering 4p. I was waiting for H1 update to understand why now I know lol so revised my view accordingly. That's just my view of current situation. I have also reduced my holding accordingly let's see where we are in another 5months.
Bozi thx reply
H1/21 average of 2,730 boepd rev £7m so therefore full year £14m at that rate. Let's say they achieve 3000 AVG full year 21 so add 10% to £14m I reckon full year rev will be around £15-20m at best assuming next well hits and existing wells don't drop off as they tend to do. The real value here is prob Jamaica but that is waiting farm in let alone drilling.
Yes agree uog progress during 21 hence sp around 4 now v 3 but fail to see what sends this higher until Jamaica or last drill is somehow way over expectation.
Going over £1 easy then back up to test £1.80 again with news flows coho and Royston plus everything in-between we are back on the move. Royston bigger than all the others combined Yee haa gla ;)
National Grid has awarded Linxon a compensator extension project at the Burwell 400 kV substation in United Kingdom. The upgraded station will provide network stability for the grid in line with the Net Zero and network security commitments undertaken by National Grid.
The Linxon scope consists of the design, supply, installation and commissioning of two new 225 MVAR Mechanically Switched Capacitors with dampening network (MSCs) bays inclusive of the associated civil works to extend the substation site. The MSCs contribute to network stability and fault prevention across the UK transmission network.
"We are proud to support National Grid in increasing UK transmission network stability as we embark upon the RIIO-T2 regulatory period and seek to effectively integrate large scale renewable generation." says Stefan Reisacher, Linxon interim CEO.
There could be significant travel disruption in Cambridgeshire today (Sunday, June 6) as a heavy load travels very slowly along some of the county's roads.
The massive electricity transformer is being brought to Cambridgeshire by road from Ipswich Docks, and is travelling along the A14 and the A142 amongst others in its journey to a National grid substation in Burwell.
The transformer left Ipswich Docks, Suffolk at 8am this morning, and had reached Needham Market, about on the A14 at around 12 miles away from its starting point at 11.30am.
The journey is expected to last a total of 10 hours with the transformer expected to arrive at Burwell at 6pm.
The transformer, which is more than eight metres long, four metres tall and five metres wide, will be delivered on a specialist vehicle with a police escort.
Got in at 52 way oversold easy back over 60 shortly.
Warrants at 120 for a reason future sp value expected to be over 120 nice happy to hold gla ;)
HH no def not it's a punt at 7p so first batch there then top ups if drift drop further ;)
Not long now and my 35m mcap arrives circa 7p then I am in for a long term hold risk v reward would much better from there ;)
Centro likewise many years here too and experience of both examples you gave in the learning stages lol.
What I have learnt tho is that while we may not always see an obvious reason for big rises falls in the end there always is a reason even if it's on pure pump and dump or the other way round fear of missing out or actual meaningful news good or bad. In the end you ask yourself what is it really worth based on future value, how long before that value is achieved and are you day trading, swing trading or long term investor.
If you believe the q4 plans here then maybe you invest now long term as price should be higher when the real news lands in the meantime day or swing trading here will be looking for short term gains on boredom distressed selling which bounces then that inturn attracts more to follow only to find after a 10% bounce it's back to where it was or lower exactly what happened here yesterday today lol
If this were an oil or gas company mcap would probably be 15-20m based on we have nothing yet but exploring and fair chance of hitting something big short to mid term.
So when you see this at 40m mcap that's more like an oil company in production at 2-3000 bopd.
The 5p IPO price here is a significant base for sure so closer you get to that slightly more interesting it becomes risk v reward although nothing actually rules out this under IPO price lol
Having said all that I am still drawn to this for some reason perhaps it is just purely the price now v 20p plus IPO day excitement suggests current must be a bargain lol either way I will feel more comfortable risk reward sp closer to 7p and feel no rush or fomo in the meantime but seriously gla whatever happens ;)