Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The market is hesitant after the chinook debacle with PIs likely worried that the payzones will evaporate to nothing again, but the management will certainly be toasting to a huge success at Royston. As stated by Shipka, Royston has delivered on all accounts. Just a matter of time until flow rates prove north of 1 TCF and the market wakes up. Several companies I.e schlumberger have logged this well and they know it’s a winner, the only question now is how many wells it will need to drain the pool.
A large chunk of the placing shares seemingly churned, brakes are slowly coming off here. Could be the most prolific growth sector of a generation - let’s hope Mellon has backed the right horses with the war chest and ANIC could be early retirement material. If this was listed in the US it would already be worth billions in my opinion.
No cash raise for the rest of the year? Tick
H2 revenues set to increase massively? Tick
Extremely comfortable with £10m guidance? Tick
Massive scale up of STC with Tier 1 partner? Tick
Targeting Q4 tie up with China Resources? Tick
Bought some more at these lowly prices. Cheers
Very impressed with Gerry’s explanations in the presentation - the top and bottom of it is… they are building a great company and all the whiney moaners speculating about sellers can take a long walk off a short plank. Respect!
Results have gone down like a lead baloon
Need to get China over the line.
Why has skin trust club only got 15 reviews on the AppStore? Maybe worth updating the app with a reminder to get people to leave more reviews?
For me, the interims are largely irrelevant. It’s all about whether the China deal gets over the line in Q4. Is this another Versarien-type carrot dangler or the real deal? Not long to find out
Now I see why this has been valued so low, the Egypt assets are garbage. They will never grow into a mid cap company when the largest wells are swimming in water and the Egyptian government take over 50% of the revenues. Seemingly nobody was aware of the water cut increasing until now though…. Lol
Unfortunately the writing was on the wall after the last ‘placeholder’ RNS. Nothing but oily sludge, no meaningful figures, I recall a similar situation at IW2 for 88E. S&S comms have left a lot to be desired throughout the entire WN debacle. Also wonder whatever happened to the fantasy NPVs in Cali, the enormous Grizzly island well which disappeared, the above expectation appraisal at Parta, the ‘discovery’ at Colter. The list is endless - Oil man Jim called this from the outset.
What a disaster.