Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wolfe, thats what traders do, and good luck to them if they manage to make a profit, most do not.
The potential here is huge, relatively low CapEx ($30mil) which will be repaid within one year is outstanding.
Ore prices are currently 123.4/t , the Study is based on $100/t price.
The maths add up on this project alone without the rest of the assets, Silver prices are on the rise again, with Gold and Iron Ore also projected to rise next year.
Let those sell that want to, the market needs all kind of traders and investors and once the small time guys have had their full, the real investors will likely take their positions and make real money.
Wolfe, thats what traders do, and good luck to them if they manage to make a profit, most do not.
The potential here is huge, relatively low CapEx ($30mil) which will be repaid within one year is outstanding.
Ore prices are currently 123.4/t , the Study is based on %100/t price.
The maths add up on this project alone without the rest of the assets, Silver prices are on the rise again, with Gold and Iron Ore also projected to rise next year.
Let those sell that want to, the market needs all kind of traders and investors and once the small time guys have had their full, the real investors will likely take their positions and make real money.
Not run the rule over this for a while, but todays RNS where the project is shovel ready and the Company indicating that they can go it alone with minimum Capax, it looks like a very decent buy in price at around .80p. Todays RNS also sends a message to any potential suitors and suspect that the Chinese will be very interested in acquiring the assett, or even the whole Company - a sale price of circa $50 million would be small change to them.
If the delay was due to Covid then they should have said so, otherwise a lot of investors will rightly take this as a huge red flag. I also think that those speculating that the delaying results is because of impending news are grasping at straws. Will be interesting to see how the market and SP reacts to the news today.
Oil currently at a 7 year high so bodes very well for the industry and Hurricane Energy.
Both of yererdays RNSs points towards monetisation of some assetts, with Phillip Wolfe the man to see this through.
Oil currently at a 7 year high so bodes very well for the industry and Hurricane Energy.
Both of yererdays RNS"s points towards monetisation of some assetts, with Phillio Wolfe the man to see this through.
By my calculations, Monday will be day 51 since the well was spud.
This well was scheduled to take "up to 60 days", including P&A, pulling the tree etc - no delays have been reported so I think news is due anytine and expect a few to take their position today with FOMO playing a part in case of a Monday morning RNS.
Maybe FOMO, as a 1bn discovery @ a Conservative 6$ per barrel in the ground to Westmount would be worth nearly treble the MC on this drill along, more importantly it would derisk the future drills and raise the COS. The guidance was up to 60 days for the drill, not approx 60 days - so in reality the results are due anytime. FOMO tomorrow for a Monday RNS may see this rise as investors take a position before a possible Monday RNS.
Phil Wolf's appointment is a huge positive here today. He is highly respected and it may also point towards M&A action given his experience with UBS and others. He also has all the credentials if needed to bridge the gap should Chaffe and/or Maris move or be moved on.
Phil Wolfe's appointment is the huge plus for Hurricane here - his involvement with UBS may point to M&A action and also gives Hur a well respected and experienced bridge-gap should Chaffe move or be moved on.
A much better written and more positive RNS update this morning but by no means let Maris off the hook.
Sapote-1 studded 28/29 Aug and was scheduled to take up to 60 days, including the P&A. So news could come anytime and those on board, certainly the drilling crew, will have a very good idea on how the drill went. Hopefully when they release the results they also give us an indication of the oil type etc.
My guess for results is Monday but may well be an intraday RNS, particularly if it looks like news is getting out.
Sapote-1 studded 28/29 Aug and was scheduled to take up to 60 days, including the P&A. So news could come anytime and those on board, certainly the drilling crew, will have a very good idea on how the drill went. Hopefully when they release the results they also give us an indication of the oil type etc.
My guess for results is Monday but may well be an intraday RNS, particularly if it looks like news is getting out.
I don't see Well results officially arriving before Monday - what will be interesting is the trading patterns here and at ECO, which may suggest that news has started leaking out. Could be an interesting couple of days.
I don't see Well results officually arriving before Monday - what will be interesting is the trading patterns here and at ECO, which may suggest that news has started leaking out. Could be an interesting couple of days.
Slightly early for the Sapote-1 drill results official announcement, although unofficially the drill crew will have a very good idea how it went. Worth watching ECO as well this next couple of days. Maybe not as tight-a-ship as they would like.
Just catching up with the posts on this board and apart from the hilarity factor, it is quite shocking how many really do not have a clue what the Redacted Manufacturing agreement means. Some obviously do not know difference between CE marking for professional usage (which the Company can do themselves and then register) and CE mark for home use which need to be reviewed by an external body. Investors should realise that the 374million contract is to produce an approved test for the DHSC which the DHSC have selected - this is not the ODX Visitect test although the Visitect test may be available for future DHDC purchases. Ignore the muppets asking for MHRA approval, only the DHSC can ask MHRA to approve a test, not individual companies. ODX now have the capabilities, infrastructure, equipment, scientific staff (and agency staff if needed) to produce 2 million tests a week. They are already producing CD4, ADC19 and Visitect tests and are providing cassetting and pouching services for Suresreen (which are not part of the advanced payment from the DHSC as some muppets have suggested on here), they are ticking over nicely, are well financed and ready for the big one, if and when it comes along. I may be wrong but I still expect HUA to land soon - because the goalpost changed, ODX had to both change the collection method and widen the ulilialstion study before submission Jul/Aug - so 2/3 months seems about right if fast tracked. It is also anyones guess how long the FDA EUA process will take, but again this was delayed because the FDA required in-country studies but could/should arrive soon.Ignore poster like Twatcher, Gary, gravychain or whatever he/she is called - those guys a low level attention seekers at best - Twatcher trying to prove some some of credibility by posting buys of a few k shows the pathetically low level he is dealing in, although everything is relative I suppose. Anyway, my advise is to ignore all advise ;-) on those boards including my long down out ramblings above, and do your own research.
Schlemiel, I think that is highly unlikely, the collaboration you suggest would also be totally against MAR regulations and would leave themselves open to SFO action. None of the parties are that stupid - although arguably Maris and Chaffe participated in worse with the Bondholders.
I still find Maris and Chaffe's positions untenable. If they had taken on a policy (as was advised and suggested to them) to buy some of the Bonds back when they were trading at less than 50% of face value then the Company would have saved 10s of millions$. If they had not opted to try and give the company to Bondholders after deliberately (in my opinion) destroying the SP then that would have saved another $18million costs. Their arrogance and incompetence could have cost anywhere in the region of $50million ++++ . I do not see how they can retain their position on the board going forward and hope that moves are in place to find suitable replacements in the near future.
Above is only my opinion.
Hull,
Picking up another 1.5% of shares on the open market to now hold 26.68% is a substantial increase and well worth noting, - particularly as it starts to get interesting/complicated if they were to hit the 30% mark and be subject to potentially having to make a mandatory cash bid for the remaining shares - without backing or a buyer (which is possible) CRS are unlikely to be in a position to do this themselves.
They may also want that extra couple of % leeway to pick up any on any dip before hitting the 30%, or may continue to buy when the volume allows.
And why wouldn't they - with oil price at a seven year high and every chance that we shall see news shortly of a forward work plan for next year as well as news on the BW FPSO extention, it probably was a "no-brainer" for them.