Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Block 6 in the bag. Assume government in Accra is backing the RNS as next stop cabinet. Farm out. Costs back. Ghana followed by FEL 11/16.
Don't forget Malcy meeting CEO next week :)
Degsy. You mention Shore Capital suggest 6x multiple. Are they talking from today's SP of 5.2p?
Just to illustrate how undervalued this is, MATD is valued at £64 million with no oil no discovery and a wildcat drilling plan and jog stands at £50 million with the largest north sea find of 2017 and Statoil as a partner! Verbier Mid reserve estimates of 77.5 million barrels of oil, which results in a 588p valuation according to WH Ireland £25 MILL sat in cash and no debt makes the market cap here ridiculously cheap, add-in Cortina prospect and Meribel, Broker WH Ireland values cortina at 141p per share alone. No sneaky equity funding worries coming before an appraisal of Verbier! Statoil state minimum 25 million recoverable barrels of oil! Add in a huge tax loss to use against future production profits and a funded framework and partial development agreement for Verbier already in place and you can see this is the best value fully funded oil play I have ever experienced! Is there a better oil play at this time, size thinks not and still holds. This s should steadily climb to near £4, pre-drilling/ appraisal .(£80 million mc)
Dickupham. If the appraisal well is immediately followed with a successful sidetrack then in percentage terms how much could be added to the SP by the sidetrack itself?
JOG 77.5 million barrels of oil, which equates to 558p which is WH Ireland estimate at 50% of the well range; but Malcy and directors point to the top range £10 SP.. And that's only Verbier
The nascent appraisal well: 77.5 million barrels of oil, which equates to an SP 558p which is WH Ireland estimate at 50% of the well range. But if the additionally proposed sidetrack also produces a positively good result then what do you estimate/guess the total SP to be at that stage?
Malcy today: It was a very good year for JOG but now we are looking front and centre and the company is in very good nick. With cash of £25.4m and the summer drilling and seismic programme planned to be at the top end of the forecast £9-11m of capex, JOG is set fair. Statoil is planning a Verbier appraisal well and possibly a sidetrack and with the seismic programme looking for Verbier analogues there is much scope for upside. At 210p JOG looks astonishingly undervalued.
Top end Verbier: Malcy says £10 (5 bagger), but £7.50 looks good in my book.
The oil producing asset purchase could be announced at any moment
Can anyone put forward a wild guess as to when Cortina may be drilled?
JOG towards end of video
Malcy says 5 bagger SP £10 at bottom of lower end; heaven help us if its at the top end as Malcy and CEO expect giving £200m . Can't imagine the SP then.. Should have rig contract/ mobilization news soon. Couple of weeks perhaps? :(proactivestocktube)
Excellent podcast: a 5 bagger from here with no downside. Some production to chase in the meantime, and we also have the appraisal well on Verbier and the exploration well to look forward to. By now, this looks like one of the better tips for 2018.
I have read that confirmed global licensing deals of Lojuxta, on its own, could reflect an SP of £1. However, in addition to this, can anyone evaluate the SP value relating specifically to successful phase 3 human clinical trials of AP101 at the end of 2018 ie. before FDA filings approval; as I know that the target market for this product is €1.3+ billion
If AP101 phase 3 clinical trials deliver a successful outcome mid 2018 (albeit still not EMA approved) can anyone here guesstimate the SP or market capital by then, as I have read that the total market estimated size is £1.3 billion. Many thanks. GLA.
ADVFN mulling a rescue placing.at 5p. But how much is the cash here and monthly spend? Do these products retail at £300?