Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Problem is, there was no mention of going private in the 6th March notification. In fact they stated:
"In addition, should ROX proceed with the Potential Investment, ROX will enter into a relationship agreement with the Company to regulate the relationship between the Company pursuant to which ROX shall give undertakings for the purpose of ensuring that the business of the Company can be carried on independently and for the benefit of all shareholders and accordingly is suitable for AIM."
I think it's a bit naughty and pathetic to just roll-over for ROX. Perhaps everybody should write to the Secretary of State.
I don't know how the foul-mouthed Winnifrith gets away with some of the rubbish he spouts.
Even though the company is purchasing stock, there is no asset recognized for the purchase. An entity cannot own part of itself, so no asset is acquired.
Given the last statement on Wressle, why would anybody expect any further news until mid-April?
"The US$18,000,000 net revenues achieved to date from Wressle (UJO 40%) continue to bolster the Company's Balance Sheet, complemented by additional cash-flow from the Keddington oilfield (UJO 55%). Going forward, future production and revenue updates from Wressle will be reported on a quarterly basis.
"The Wressle-1 well has responded favourably to the new jet pump rate. The engineers may decide to further increase these rates whilst the well performance is continually being optimised to maximise oil recovery volumes.
"The recently announced 263% increase in 2P reserves has led to a material upgrade in value of the Wressle development and we look forward to reporting on further progress at our flagship project."
He does mention it...
" Furthermore, it is resonating with several of our current prospective d2w customers in the Americas which we hope will accelerate d2w sales over the medium term."
I guess we will have to wait for the Preliminary Results to see how we are doing.
The basket price is pretty much at the bottom, there's only one way to go from here. Happy that they retained a dividend and comforted by the cash pile.
Agreed the basket price is the pits right now but still making small profit and with big cash pile plus assets worth even more than cash pile it only takes a shift upwards in the basket price to double the SP here.
Wow, that was a strange flurry of buys for a Friday afternoon. Still surprised and disappointed at the sell.
What if you are not a pair of traders hoping for a lower entry price?
Net assets of around $240 million, making a net profit even on low basket price and sharing the profit with shareholders.
DYOR
Cash rich, asset rich, making money and rewarding shareholders with good dividend even when basket prices are low or flat.
Not a lot of PGM elsewhere in the world
Very happy to be holding and adding here with NAV well over 90p
DYOR
Standard quarterly reporting is more than most Aim companies provide and it's plenty here; any material news or change will be reported when appropriate. The water cut at Wressle is less than any other on-shore producing well in the UK. Just need to add a small quarterly dividend to distribute profits and the SP will double.
That's a good sign.
Don't know which idiots are selling at this level though.
Err, yes there's lots of bricks and mortar retailers selling Blackwoods. It's a simple task to search if you're interested.
Cork & Cask in Edinburgh it's open until 8pm or Cambridge Wine Merchants have several high street outlets selling Blackwoods.
There are loads of independent retailers selling Blackwoods Gin, but given that it's not in the major supermarkets, this did pleasantly surprise me.
"Blackwoods Gin & Vodka saw Q3 revenue grow 123% year-on-year (72% revenue growth year-to-date vs same period last year)"
Glad about the positivity and they could do so much more with the online presence. Like linking from the Distil PLC site to the Red Leg Rum online shop and make the other brands like Blavod and Blackwoods available to purchase direct.
Nothing new in the RNS, let's hope all the significant new opportunities that are in final negotiation come through and that they have learned to better manage the cash flow for them.
Probably will climb to 220p to retrace before the April
what a load of spurious guesstimates based on the industry rather than dec. i've a good mind to start a class action against the democrat *****. like trek says, hopefully it will turn out to be an opportunity for dec