Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://www.lse.co.uk/rns/SYN/cambay-farm-out-and-c-77h-update-a8ggdqmp1zxk7t3.html
There is a golden handshake as well wwal17...
YOur quote from the RNS continues >>>
A lumpsum payment would be made by the Farminee after GoI approval of the working interest transfer, in recognition of past costs. ...
Https://twitter.com/Synergiaenergy/status/1754821739517784188
Https://twitter.com/Synergiaenergy/status/1754821739517784188
Https://twitter.com/Synergiaenergy/status/1754821739517784188
Not sure you tell people where you might sell as they could decide they need to be cheaper etc and it really could hold the price back, if significate holders set their sell orders lower. Just my opinion, I rather talk about where realistically the Asset value may go, the share price is up to the gods.
I hope we get a good run on the the day and a stainable growth curve from its settle point after.
"No way of knowing if it is still relevant but in the presentation in August last year it have the Capex om the first year as 40 million usd which comes out as 32 million GBP. From other information in the presentation it seemed that 2 wells were being drilled in the year so presumably that figure included other infrastructure as well. In an email exchange in 2022 Roland said that he hoped the price for 50% would be a free carry for 2 wells. They now say an ambitious drilling programme has been agreed, so who knows ? That 30 million or so might give us 0.25 to 0.30 and I might settle for that. Hopefully not long now. Gla."
They are buying 50% Gordon not 100% so you can double it.
Https://www.synergiaenergy.com/
Working fine now.
I have rarely seen, if at all, any adjectives like this in Roland's Tweets or RNSs.
So this would suggest they have met, or exceeded, the earlier proposed work program. When you consider the JV partner is carrying all the first year costs, and making a lump sum payment to Syn to recognise costs to date.
I think a 60m UKP valuation of Cambay and there fore Syn is very much achievable, which makes a 0.6p NAV share valuation approximately.