Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
More realistic is probably that the SP will make 70p by the end of this year & 100p end of next year.
Dependent on what new deal(s) come through in the meantime.
Never forgetting McDade's stated aim to start paying a dividend by 2026!!
IMHO/GLA
Shorters selling out to cover their losses but SP very resilient before moving up.
2023 Final Results due out 16/05/2024.
Azule completion including the asset cashflow from the 1 October 2022 effective date! Should be a tidy sum from 19+ months of oil at $80 + pb.
All looks pretty good to me. GLA
D172 - Can you copy paste the article please?
Sale of approximately 450,000 bbl (300,00 bbl year end 2023 + 150,000) scheduled for late February 2024.
Afentra will :
- provide a further financial update at the time of Azule completion estimated to take place in late Q1 2024.
- host an investor presentation via the Investor Meet Company platform in late Q1, with a date to be set in due course.
imho it looks like about mid-March for the above events.
JWB - Why don't you just stick to your pet HE1 (tuppeney share ) you have posted nearly 200 ramps since you joined the LSE board in mid-Jan.
You are undoubtedly clueless about AET & seem to have nothing better to do but post drivel on each & every one of the shares you comment on.
Get yourself a life!
Today :
"Afentra is one of the best performers in the sector"
"With the Azule acquisition scheduled to be completed imminently, which will considerably add to the existing production and financial position, it being back loaded, which makes it a double whammy as it were and makes Afentra amongst the most attractive stocks in the bucket list.
Https://seekingalpha.com/article/4657827-afentra-acquired-assets-worth-255m-with-only-37m-cash-heres-how
A couple of snippets:
Free cash flow machine!
On September 20th, in this webcast to shareholders, Paul McDade confirmed (at 5 minutes 20 mark) that Afentra’s free cash flow at $75+ Brent per barrel and after CAPEX would be circa $50 million and indeed it would be more -------
Afentra on this current asset alone will be generating in the region of $0.19 per share in free cash flow.
Sounds quite good to me!!
If I remember correctly PM said that they hoped to start with dividend payments within 3 yrs which takes us to 2026.
In any case I don't think a dividend allocation of 5-10% of FCF would affect their financial ability for future M&A activities
Late big sales - 600K + & 550K + - guess big shorters cutting their losses, amongst a lot of smaller ones.
Good sign that the SP is holding up at these levels in spite of all the selling.
Imho, once the shorters are out we should see some real improvement in the SP.
Quite happy to wait it out
Both yesterday & today. Non-ex. director raises existing holding to over 3m with another 150k @ 29.99
And today a massive 900k buy earlier in the day but only shown after hours.
Definitely something big & nice going to happen very soon.
GLA & happy days to those still in!
Going to be very tough on the nearly 8m 'shorters' I'm afraid. 30/40m debt will be cleared within 6mths max.