Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Mike- yes the behaviour of some on here is quite appalling, and more suited for the playground or a mafia den. Shocking to say the least. The share price predictions are based on nothing but hope since we have no flow rates for the new well, and no meaningful revenue as of yet.
Yes we all know if 38 goes well the sp will go up so the rampers donât need to tell us that itâs common sense, and no one will be complaining if it did. The risk is in actually delivering any revenue or extracting commercial volumes of oil and gas that is enough to strengthen the balance the sheet, fund future growth and make a return for us shareholders. The other main risk here is the integrity of the directors and their ability to deliver, as they e already duped the market and investors ones. This may be become a common theme.
No ones wants to acknowledge these facts apart from the sp will be 20p next week, or 50p by Xmas which utterly and totally ridiculous. Thatâs not to say it canât happen but the results from 38 and 30 would have to be truly and utterly smashing for it to hit 50p, which is tough with the Georgian geology.
Anyway Iâm holding onto my shares will be waiting impatiently to sell at 50p on 24th December , as Iâve been assured it will be there :)
Cautious- how am I annoying? Just because I donât along with the rampers who come out with facts and figures out of thin air?
It seems you canât have a reasonable and balanced discussion on this board. Letâs face it the likes of Bigboffer who after an apparent 30 years on aim believe iis never lose, probably still believe in the tooth fairy too, so not surprising then they get all defensive with anyone who disagree with their agenda. Canât even get the facts right for a start.
Anyway we will know sooner or later so not much point debating this
Imio- once a bid has been received they would have to issue a RNS and also call a shareholder vote to approve the deal. Youâre correct in assuming a bid has not been made, but the language they have used is full of smoke and mirrors. To me it suggests that the same process is progressing well as in sounding out the market for a potential buyer, and sone interest had been shown though no formal bid has been made. What you have to remember is that in a situation like this, sales materialise very slowly as the market is aware of the sellers desperation, so they try to get the asset at a knockdown price. I suspect that is what happening here, interested parties are waiting on the sidelines until the situation gets worse, or are playing hardball with their bids.
I agree on the integrity of the directors these days as itâs morslky wrong, but we live in a world where everyone is self centred and just motivated in their own interests. Donât forget the BOD get huge bonuses to get a cheap debt for equity deal through, which motivates them to act in the interests of the lenders rather than shareholders. The hedge funds know they will treble their Mo ey so itâs a small price to pay. The CEO and CFO of IRV was paid 650k just a week before the company went bust, because the company apparently had âno moneyâ
Carpetright is another that has just screwed shareholderâs in the last week. How?
Well a hedge fund bought the debt of the banks and got the BOD on board, and have now offered existing shareholders a mere 5p a share to buy then out or go into administration. There is no integrity in the business world and is full of corruption.
When a hedge fund buys debt itâs more or less game over, whereas main banks just want their money on interest and principal. They are t interested in owning companies. I hope this helps.
Now youâve taken what I said out of context. Now bug off as I have time to waste on idiots like you.
Mate itâs the silly predictive text on my phone. Going to turn it off as itâs quite annoying ??????
HillyBilly- Now now donât let BigBoffer catch you saying that as he knows better then anyone else, and according to him they never loose.
Ummmm I wonder what all the fuss about Woodford is all about these days then? Probably just the news papers making stuff up to tarnish his reputation.
Bigboffer a ramping dreamer is you described you perfectly, if you think iis just gain, gain and gain.
Yes they will eventually get their money back when they loose BUT from a different share to balance the books and the use the losses to offset their capital gain tax. They cannot get their investment back from a company that goes t**** up. Youâre better off investing in candy as you clearly have no idea how investing works. Good luck anyway
James that sounds feasible.
Cautious like your post mate very balanced and realistic. People that think iis never loose on the market, should t really be investing.
James- agree is might be possible, as long as they donât hit any issues with the remaining wells. Itâs annoying when people like BB who hadnât a clue, still mention 16az is still in clean up mode and that bopd will increase, when itâs clear it needs remidatiin work. Any ideas when the spud date is for 30?
Oh wowww, because the company told you something via an email means you know the truth about your investment.
Remember the company also telling everyone that 16az was in cleanup mode and that production was gradually being stepped up from the 295bopd? That was never confirmed in a RNS as it simply wasnât true and now we know it can only produce 51 bopd.
Do you also happen to remember the $1m a free cash flow a month? This never materialised either.
Point is donât believe what the company tells you all the time, as aim and the main market is full of smoke and mirrors. This is nothing but a gamble as you have admitted previously, so stop making out like you know more than the next person.Anyway dont want to debate on this and I really do wish you see the 50p target you have. Not saying it wonât happen before you call me a deramper.
Bigboffer- keeping posting on here to a minimum now, but how are you expecting the next RNS could possibly say 16aZ is improving? The company have already told you it needs rework to resolve, which cannot happen due to the rig being used W38 and will then be mobilised to the other 3 wells. Therefore Itâs safe to say you canât expevt any improvement at 16 until itâs shut in and resolved, which will be H2 2020 at the earliest.
How do you know the institutions are still holding and havenât sold out? There is no requirement for TR1 if they are below the threshold. And who says the city never loose?
Imoi - not telling you what to do, but look at IRV they also had a new board. Therefore their interests will be aligned to the new shareholders/stakeholders if it came down to it, and become a saviour in the eyes of the employees. Do you really think he will care about the current shareholders? Itâs far easier for him to build his reputation going forward once the company is more stable and just blame the previous BOD for the loss to current shareholders. Sound familiar? Oh IRV and CLLN did the same, and you have historic examples such as Mouchel and Jarvis.
Couldnt have said it better myself Rizzy.
Cring- again look at IRV the shorts started closing rapidly when the ârefinancingâ happened in March 2018. The shorts cannot always choose when they want to close since they have borrowed the stock which can be recalled an me. Plus if they have been short from say ÂŁ4-5 they have made a killing anyway so they whiny stick around to the end and will just move to another target. Simarly if you look at Carillon they started to close just days before it went bust. I would be very careful here if I was you and take this from someone who lost both on Carillion and IRV. The signs and patterns here are total repeat of the the two companies.
Cring- similar to whatâs happening here. Company had too much debt, banks wanted out so starting selling debt to the hedge funds at a discount. Hedge funds became new lenders, injected more capital in the business at alarming interest rates, and then finally took over the business in a prepackaged deal. It was all very well organised and the BOD were in on the deal, as they refused to the help of the largest shareholder who offered to help. Once banks start selling debt at a discount, you know things are bad and the hedge funds take advantage since they get the business for around a 3rd of the price which they can sell.
There are no hedge funds invested in here that I know of, but you mention they are bailing out? I think you are getting mixed up with the hedge funds who are shorting the stock rather than those that own any equity.
Cautious- I can afford to loose mate we canât expect to win them all. You only know about my bad ones :)
Bedex- yes itâs the same idiots that are pumping and this share , that are dumping at higher prices, and then buying in on the lows again and doing the same. Rinse and repeat. Some people are just too thick to realise that.
Rob agree and exactly what I said this board is nothing short of a playground which is sad. I think Iâll refrain from posting anything on here for now a d watch on the sidelines as people are just so intent on hurling abuse at anyone that disagrees with their views
Do some research buddy. Standard life Aberdeen bought a 5% stake in IRV just before it went bust:)