Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good evening Ed,
Thank you for your valued opinion. If you read between the lines it certainly appears that corcel/extraction are confident of a significant sp rise. In my opinion to show that level of confidence suggests they know what's gone wrong with to14 and either how to overcome it or how to avoid it happening with to13. You wouldn't offer to purchase shares at a significant premium if you were at the mercy of the geology. I believe it was bladey who came up with the theory which certainly holds some weight.
To think that one of the biggest O&G players in the world have messed up on what should be a straight forward drill is quite surprising but these things happen.
I don't know why LSE mess around the punctuation!
good evening,
thank you for your valued opinion. if you read between the lines it certainly appears that corcel/extraction are confident of a significant sp rise. in my opinion to show that level of confidence suggests they know what's gone wrong with to14 and either how to overcome it or how to avoid it happening with to13. you wouldn't offer to purchase shares at a significant premium if you were at the mercy of the geology. i believe it was bladey who came up with the theory which certainly holds some weight.
to think that one of the biggest o&g players in the world have ****ed up on what should be a straight forward drill is quite surprising but these things happen.
Agree TS but these guys can't be expected to work and not take something back for 12 months, not that are planning to yet according to the latest interviews.
Anyway, we're in a period of calm before the next storm. It's good to see that support is holding. AIM seems to be picking up with a fair bit of blue around over the last two weeks, expected this to be higher being the punters favourite.
Not sure how long you've been here Alan, I'm guessing 5 minutes. Here are a few things they've got over the line,
2 rounds of funding, the last a 40% premium to the first.
Sale of the drilling rig that covers G&A (previous management failed to do)
Successful drilling campaign at Creswick, with a potential commercial resource (again, what previous management have failed to do).
Your welcome
Hi Ed,
There has been some suggestion that Sononagol may have screwed up on TO-14. I'm assuming this theory is referring to the testing process. In your opinion is there anything that could have happened in error that has led to this predicament. From my limited knowledge I would have thought that any mistakes would have been made during the drill rather than testing.
Thanks
I'm not sure about the seller SJ but I would bet that Richard Jennings will have a limit price on his buys, likely to be 0.35. This means the MM have to work harder to fill them and the sp wouldn't rise as much as it would with buys going through without a limit order.
Annoying that we're still valued at £5m TS however when we consider where this has been it's heading in the right direction, slowly. I'm aware of certain players trading this which is a dangerous game considering news could drop at any time. This is a £10 - £15m company purely on the land package.
Morning All,
There is one thing for certain, had this series of events occurred with any other AIM company we would have seen a heavily diluted placing to cover the cost of overruns. I'll ask the detractors on this board again, name me 10 other companies out of the 700 listed that have raised money at a 37% premium in the last 12 months. The name another 5 that have a similar agreement to the PUT. No pressure.
I will forward the emails later today guys. From the contact I and others have had it transpires that funding negotiations stopped the minute the redemption was called in. The question is why, and how soon is the redemption payable.
"And they have replaced it with an equally silly and unrealistic Put Option"
Please explain why you think this is unrealistic - its quite simple, Extraction have the option Aligns' stock for 0.75., at any time. What's unrealistic?