Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Observations:
The total oil sands in lower-middle-upper is 300-370 feet and the Middle Cruse formation only has 66ft of various Middle Cruse sands. It is producing 81boed. This is in round figures $1.75m/year gross revenue @ $60 Poo. Approx. half is free cashflow.
The lower cruise needs TLC engineering skills, either eventually at Saffron 2 or a Saffron 3 to get production from the lower cruise.
How is half aprox free cash flow ? Has anyone seen the accounts they keep delaying ? Have they magically paid Bahamas stena ect, how does a company in huge debt have free cash flow can I ask ? Or is it already in plans that shares will pay for it all as usual ?
But you do sell a lot of ifs bits what could possibly be you fatal and willec the main, people are going to get barked the dreams you’ve been spinning them for months has gone up in flames I mean what happened to the game changer and all the potential you could see in this share for months while all it did was decline ?
Took longer than was all expecting and for 81 bopd well looks like the saviour is a lot smaller than all the hype the rampers put behind it doubt 81 bopd will get you back to placing price infact I have a feeling after this little bump will be back to a steady decline again as this was funding for a whole Feild so that funding isn’t no more and apparently the Feild isn’t as good as they thought no wonder koot ran for the hills, what a sh*t show this really had turned out to be, no doubt the rampers will be out in numbers today at least there’s one thing we can rely on
Demographics
• LGO holders, the daddy of CERP, who lost money due to a mega dilution since 2015
• CERP holders who lost money due to the BPC merger in 2020
• BPC holders who lost money due to Percy-1 in Feb 2021
• New holders since Feb 8, including those who participated in the OO/Placing
So basically pretty much everyone that’s every bought a share then!
Yet you seem to think it’s all sinister forces at work yet it’s simple everyone who has bought in and remained are down pure and simple and people have had enough of watching it constantly decline
And on the other end of the scale one could argue your constant let’s say positivity and hopefulness have kept this sp propped up for the last hod knows how long but things getting that bad even you can’t keep the sp up or attract new investors
Yeah definitely, got over it now took some doing though was on a good streak not lost a penny on a single share so thought yeah why not lol forgot what I was taught in my early years to never put all my eggs in one basket expensive lesson well learnt but one I won’t make again!
I made mistake of pulling out of them and piled it all here just before p1 lol greedy of me I know haha but was told it was dead cert and believed after the millions spent they knew what they were doing, and all I pulled out of mostly lithium mining because of the electric car hype and Ceres ect are obv all booming of coarse but yeah fool me haha
I’ve thought about it and any other company I would but have no faith in this one, not only that I’d have been chasing it for the last 6 months to no avail as it drops around 2-3 percent daily 95 percent of the time so I’d be forever chasing that break even point, plus no financing been done in debt to eyes and if s2 fails somehow we all know p1 was a dead very after all, but if it does the company’s plan is and I quote ( we soldier on, we have assets ) so we all know what that means
So if I were you I’d prey for s2 to be a success and get out before it gets its next watering down only way you will break even you still have a chance, your the lucky one after consolidation placing ect screwed me to the point of no return think my avg is 21p per share taking everything into account after consolidation and plenty here worse off than that
You look like rich alter ego all your posts same as his lol actually I use my phone :) and I actually hold shares which is no secret can prove what I’ve bought when how much for how much I’m down how many I had and obv hold considerably less since consolidation , can you do the same ?
Well then richelieu this is the perfect place for you as this share gets cheaper and cheaper everyday,
And looking at your previous messages all you have every really said is buy while low, buy into the dip, it will get better soon blah blah and that’s on both the groups you have posted in, and every comment , very very one sided and seems brought rest of the rampers with you, at least if your going to ramp try be a little more subtle with it !
Well rampers out in numbers today ! And a few showing there faces again that haven’t been round for a while, makes me wonder if all this ramping is going to be needed ie, bad news about to hit , and god help us if it does this share falls on any or no news as no one wants to buy into a share that every other person has took a loss from or sat on a paper loss, no market sentiment what so ever as there’s never been any though for the investors here only the bod and I believe alot posting today are paid to do so it’s the only Logical explanation, as like I’ve said in past I wouldn’t recommend this share to my enemies yet alone my friends and or family,
Yet your all here saying how great it is yet all sat on losses some huge! Makes sense!
No I call a poster a liar because I proved him to be in a chat a couple months back and if look through previous posts you will see a pattern of the sp continuously falling yet a lot of posts marked strong buy all the way through, far from logical