Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I do think this will be takeover situation rather than funding judging by the rns's issued over the last few months - i mentioned funding partner as a possibility but given they state they have "several interested parties" would indicate more that they look to being taken over
very good summary of the situation - much better than the overt ramping without substance - this has 3 scenerios 1) takeover 2) funding partner 3) bidding war - whichever way it goes the potential is here for a rerating of the current share price
Notwithstanding the ramping - hard to deny this has an opportunity to go much higher with bid talk and relatively few shares in public hands
Or they could use the profits to invest in other prime developments thus generating future growth - given the small of amount of shares in circulation future profits generation will have a very significant continued upwards movement in the share price
Agree that a divi could be paid representing a good yield but also the share price should rise substantially to reflect the future growth in cash flow and profits - possibly £3.00 a share to reflect fair value and then dividend yield on top - there is alot of potential here
the accounts mention retaining profits for future development as well - so I suspect a divi will be paid but they will also use cash earned to fund future developments which in turn will generate future growth and cash flow
I suspect that they may pay a small dividend but are more likeley to use the profits to acquire or partner development of other prime residential properties
thanks for the info - if results are out this week then this will definitely spur the share price forward, you cannot have a market cap of $30m approx with profits projection of minimum of $100m
quite a few people will have been in here from when the share price was 30p so could easily be some people taking profits - what seems to be clear is that there is a regular buyer for stock in 10, 000 - 20,000 batches. The stock does move very fast - so once Lancasters profit is confirmed it will rise very rapidly
it does suprise me that this share has not received more attention given the potential
you did very well with your purchase at 111.5p - its now up 25% from its low on Tuesday - very few shares in circulation combined with anticipated cash generation should see this push higher
I believe that is a good entry price - at some stage the profits on the Lancasters development will be explicitly stated - estimates range from £110m - £170m, so patience is the key here but you cannot have a market cap of £35m with profits on £110m minimum
up almost 14% from the low this morning
I think the difference this time is that the profit share has been explicitly stated by NTA re the RNS of 11th Aug and recent feedback from MNR shows that profit due to NTA could be in the region of $170m so the share is due a substantial re-rating
http://www.lse.co.uk/SharePrice.asp?SharePrice=MNR Clearly undervalued - $110m profit potential for NTA on $35m current market cap
161.00 - 163.00 (GBX) at 08:08:09 on Market (LSE) on halifax
Posted by GClarke25 on iii re valuation which looks reasonable "34.65m (our net recoverable after 30% stake and 30% recoverable x £7NPV (C. $10????)= 242.55m/174,568,354 = £1.39 (potential well value on top of share price) - still think this has £1 odd to go + sentiment + confidence considering this is the 3rd succesfull well in the year" DYOR
Judging by the late buys this signals a good start tomorrow. They are drilling 5 wells and 2 have struck oil and are partnered with other major oilers - the other 3 being: North Uist/Cardhu and Lagavulin in the UK operated by Eni, BP and Chevron respectively This will is still under the radar somewhat but reckon it has great potential. DYOR