Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well last year with oil at $40+ Oil Man Jim predicted farm in/funding plus 3p per appraisal well with 4 Wells; all totalling SP15p I suppose we could almost double the SP now but say for fun 25p.
Later there is also Namabia and South Africa which are surrounded by majors.
Tiny market cap but dreams sometimes come true however DYOR
Last year Oil Man Jim suggested solely for Cameroon 4 appraisal wells with each well releasing 3p of value, plus farm out/ funding, giving SP of 15p when oil was in the mere 40s.
So one can rerate this at today's oil price.
Namibia and South Africa are also surrounded by successful majors.
DYOR and CARPE DIEM (seize the day)
Good heavens! Only 21m shares
htTps://twitter.com/ChandraGosavi/status/1392869058681266178/photo/1
From T W: A webpage which went live yesterday and which is now being widely discussed on social media which seems to show that the Government is soon to announce contracts worth £8 billion for covid test suppliers.
Keep positive guys:
Solo Oil (LON:SOLO) doubled to 1.85p after it was announced that the farm-out of part of the company’s Tanzanian portfolio would be completed in the next few days.
So things are still alive in this sector.
Tower should be next :)
Oil could hit $100 per barrel within the next 18 months, Egyptian billionaire Naguib Sawiris told CNBC on Wednesday.
Sawiris, chairman of one of Egypt’s largest companies, Orascom Telecom Media and Technology Holding S.A.E., is Egypt’s second-richest man and has a net worth somewhere between $3 billion and $7.5 billion.
Cheer up lads. Reckon farm-in June. If reaches .30 by then we could see 200% lift off. Maybe 1p, who knows. Hope u all bought at .20 when there was blood in the streets. Historically it always works. 6 mths time hindsight will show shrewd investors are true warriors. Simples:)
You only make money when there's blood in the streets. The farm-in will proceed because they're looking through a 6 to 18 months window when things will be better. That's why I am still confident of 1p especially with the planned exciting appraisal well