Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There is an Eileen (Irene) for every share. If you take their view then you wouldn't invest in anything. Bitcoin was crap according to some, so was Tesla etc. You do your own research and invest accordingly. Don't give the likes of them credence please.
As the share price, according to Eytan, was "underpinned by the production of Saffron 1", it's a reasonable assumption if Saffron 2 produces the same that the price should double on start of production. Then when and if new "Saffrons" come on stream the same may apply. Its not gonna be breathtaking but a steady increase in production over the next 12-18 months should hopefully give a bit of positivity. And then of course if Perseverance should ever get off the ground again then that's a different matter.
For those wondering why LO are selling. They are against oil drilling and this investment was “a mistake” for them. Imagine if they held and then made a load of profit when the results show massive find. They’d be harangued by their community. Hence why they are getting out as quick as they can before results. I reiterate what I said a while ago. I’m actually glad the price hasn’t crept up before results as that would have been too tempting to sell early and would miss the big prize by bailing out too early. It’s all on the results now that are due very soon. GLA.
I cannot for the life of me see how SP can do a webinar without results being released first. Results due by the 28th in my opinion. Be bizarre otherwise !!!
If oil is found, lets say the 1 billion barrels number. With 5 billion shares in circulation at $1 per barrel that equates to value in the ground of 20 cents. As the value in the ground is a lot higher than that, why is everyone so pessimistic about the share price on a “good find” At a higher rate of value in the ground, say $3, doesn’t this translate to an awful lot more than people are projecting ????
Interesting summary
https://www.nextoilrush.com/oil-strikes-back-88e-leveraged-exploration-success-coming-weeks/?utm_campaign=88E-UA25&utm_source=twitter.com&utm_medium=social
It may be one well, but its going through ten layers. They’ve spent an awful long time on this and an awful lot of money. They will find oil, just how much is the question.
Damn autocorrect. If they’re still DRILLING after 45 days.
Based on SP comments that if they find oil early then they will stop drilling, not sure why you say that is they’re still failing after 45 days it’ll be a positive !
I don’t recall seeing such a poorly researched letter to a prime minister . Pure guesswork and scaremongering.
Lets have it. If its known locally then why not ?
Zag, I do want the price to rise, of course I do, I’m just uncertain at what level it needs to reach before me and I’m sure many others bail out, possibly only to be disappointed as it then goes massively higher on a big find. I am sure I’m not the only one thinking this. I don’t wan’t to sell at say 10p pre results for it to then go to 50p post results. It’s easy to suggest as some to ‘Sell half and keep the rest” but if you’ve got a large amount then it’s big amounts.
Ive been in this from the beginning, I think I was just hoping for another RKH and sell at the massive highs they got to. Not the relative lows we’re currently at. So to clarify, either stay as it is until results, or go big before results, then the decision becomes easier. It’s the middle ground that makes the decisions harder.
With the ship having sailed, and the multitude of differing opinions on this board, I, possibly on my own, hope the price remains stagnant where we are for the full duration of the drill, right up to results. So many variables, so many opinions, I really want to hold for results, but fear that if it creeps up to a level where I just cant hold any longer I may sell some and potentially regret it later. This could be life changing for many on here, and price creeps and rises may well force many to bail.
So for me its lets keep the negativity going along with the positivity. Up to 5p possibly at spud, but please, no more than that, then I’ll have the comfort of holding on until results without the fear that I should have sold earlier.
Excluding what’s required for perseverance 1 unfortunately.
South Korea churn out FPSO size vessels at an astonishing rate when needed. The design and equipment needed won’t be too onerous compared with other FPSO’s that have been built. More like 2-3 years from order to on station if every effort was made.
A positive sign.