Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Rupert Newall, CEO, commented:
"As noted earlier, we are engaging constructively with our bondholders to ensure that the Company is best positioned to deliver value for its stakeholders. That includes these proposed short-term amendments to the Bond, for which I am pleased to say we already have voting undertakings in support from bondholders controlling more than 50% of the voting bonds. As ever we will keep the market updated on progress."
Not all bad
In parallel, we have been producing steadily from the Blythe H2 well at around 20 mmscf/d since Monday and after an initial period of water being swept from the pipeline due to the increased flowrate we are now seeing much smaller quantities of water arriving at Bacton. We are in advanced preparations for the upcoming wireline intervention which will allow us to investigate and potentially remediate the apparent downhole restriction. While the gas market remains extremely volatile, we are also encouraged by its substantial recovery in the past two weeks."
Ask on 4.5p … back to 5p zone today
Better RNS on Iog today. Should be a very good July there if mechanical fault sorted on the gas drill. 40p to current 4p big reversal to happen
Definitely back on track for a decent July update. Make the most of the low SP before it heads back towards the 10p done next month
Drop last week far too overdone. As month progresses and H2 comes online would expect it to revert back to highs. Might be a good multibag opportunity here from this level for sure
It’s gone NT to buy at 3.7p so think it might not get that low .4p area today I feel
Should come good by end of the month Trojan. Read RNS for yourself
Opportunity knocks again for those wanting in low but certainly should be an interesting month here for sure
Iog down 44% on open. But drill well still to come online this month…more blockage issues as always. Good opportunity for bounce today for some though imo
Not all doom…H2 will now be handed over for final hook-up and commissioning ("HUC") and remains expected to be brought onstream this month, despite the 34 days lost to the well control event
Https://twitter.com/Mining_News/status/1666026577690337280/photo/1
James Campbell promoting Botswana Diamonds. Was trying to see if any clues on the presentation slides :-)
Can sell in bulk again …. :-)
Bid 1.10 Ask 1.15 hmmm new zone perhaps away from the 1p floor
6.8p to sell on dummy trade so moving back in the right direction…just waiting for RNS to drop anytime :-)
Update on Marsfontein and what has been recovered would be very welcome.
6.85p now … looking primed
Nearly there at the 7p. 6.9p currently. A small push and then momentum will start to push in.
Just under 7p again….looking primed to move northwards again it seems