Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sumo
The RNS tells you how it is being funded. From existing cash resources plus the existing finance agreement. The purchase is also identified as being in three monthly tranches as well, so JLP have to find a little of $5.5m a month to pay for it. Given that Hernic was £1.4M for September for PGM's, then between Hernic PGM's, Hernic Chrome, Dilokong Chrome (fine chrome circuit is going great guns), Windsor PGM's, Eland, Sable, then we are getting close to generating this level of earnings per month, so we would almost be buying the chrome rights out of monthly income, with the use of the existing finance facilty to give a little flexibility.
No need to get up-tight about possible placings etc. as IMHO this will not happen for this project.
dkok
All
I was on the golf course first thing this morning for a swift 9 holes before going in to the office, and as I was perambulating along the 3rd fairway on my way to my ball I heard the sound of a birds' wings behind me, a soft wooshing sound. I turned round and twenty feet above me was the most perfect Black Swan. I am hopeful that this was an omen for another kind of Black Swan event in the near future! Whether it is this share, or one of my others I don't mind (though all of them simultaneously would be nice), but here's hoping!
glta
dkok
Trading Lad
Based on the fact that there is approaching 60% of all shares in the company held either by institutional holders or by the directors, then the opportunity for manipluation by the like of CO and others is much reduced. Not impossible, but reduced.
dkok
an equity swap for RBD shares should be regarded as a better deal than just in Rathlin as they effectively still get a return from WN, but alos get exposure to several other opportunities as well, Parta being considered by S&S to at least be equal to WN and possibly bigger, plus others.
Bluebelly
Standard MM treeshake this am to try and squeeze out a few nervous PI's who may decide to sell rather than see thier profit disappear. I am confident that we will end up higher at close than yesterday.
dkok
I think we are currently in a process of manipulation to frustrate or scare out small PI's with the aim of transferring a larger percentage of ownership to II's (though it's already pretty high) whilst they still can. Within the next few weeks we should have more info on WN, more on Parta, an update on California in terms of both the production rate at existing wells, and also the future programme for additional wells. There is also the possibility of a first sale of asset for Colter, which yet surprise us all.
Based on all the info that is due, there really is no reason for the current SP to be where it is, and it certainly does seem to be being controlled pretty tightly. Once we start to get these things confirmed, then I cannot see how the SP will not comfortably go to the 2p to 3p range, hence the heading for my message.
Hi Dan1nat1
Thanks, I know we got the update yesterday, but didn't realise this meant that it was now trading again, thought it was still suspsended, so good to know that it is off trading halt, and better news that it is now up 9.5%, as that shows some positivity in terms of potential, which should start to filter through to RBD in due course.
55.51% in Institutional Investors or Directors hands as t 9th August. Chances are that the last few weeks have seen further movements in the ups and downs to get more from PI's into the hands of the II's, before then letting the SP go where it should be.
Follow the money, you know it makes sense.
Miker444
Actually, my calculations are a little out as I took square yards per acre rather than square metres so working it through again it is:
7500 (acres) x 4046.86 (No. of Sq.m/acre) x 45 (depth of oil column) x 1000 (no. of litres per cubic metre) x 0.03 (3% oil presence and flow) divided by 159 (number of lires per barrel) = 257,700,990.5 barrels. so not quite 300M but getting quite close. It is roughly 86M barrels for each 1% of oil presence in the volume of the oil column in the area present, assuming that the oil covers the full 7500 acres.
Well based on 7500 acres and a 45m column of oil, as a rough guide that would equate to 1,633,500,00.00 cubic metres in volume. Assuming only 3% as an oil volume per cubic metre, then that would equate to 308,207,547 barrels of oil equivalent, so the 300 million is not too exagerated, but it all comes down to the variable of the oil content per cubic metre, how much of that will flow, and indeed whether the 45m column is present in the entire 7500 acres.
Suffice it to say though, that the probability is that we have substantially more than a few cupfulls!!
Tilburn
My thoughts re: the mention of co-operation from CUPET in Cuba was that this may be the bait to catch a US Major. What better way to make them sit up than by making it known that the company is in contact and on good terms with the Cuban state oil company. Come on US, come and get it before someone else does, someone that you may not want to have access to several hundred billion dollars worth of oil to finance and develop thier communist country in close proximity to the US of A!!
Olderandwiser
I suggest you look at the rns of 29th April which makes it quite clear they are drilling the Cadeby formation in this well. Subsequent RNS's laos confirmed the presence of oil shows on the wreline logging. Trouble is, I think they have so much unextected oil now in the Kirkham Abbey formation, that they may leave the Cadeby for the next well.
All
My own view is that the sells that have been going on recently are the shares issued for the LCCM which were supposed to be locked in for six months from the February RNS. They are due to be unlocked any time, but it is possible they are being forward sold at the moment. It wouldn't be the first time this has happened on AIM. It would account for the relentless recent downtrend. I am hoping to double up my holding very shortly, just holding off to see how low it goes. Current shares are averaged at just over 0.67. I don't think it will get that low again, but I would be happy to double up at the .85 mark, which would get me at an overall average of around 0.74ish or therabouts.
The fundamentals of the company are solid, so the current price is a bargain in my books.
glta
TopCatz
5000 tonnes per month even at $800/tonne is $4M a month from DCM fine chrome alone, or $48M a year. When are people going to wake up to how MAHOOOSIVE this is. That is just one strand of what JLP is doing. Apply the fine chrome circuit to our other projects and we are flying. This company is now primed for its turnover to easily go into the £100M plus region in the next year. Our SP and market cap do not reflect that currently. It woun't be long before more people start to realise it and more II investors start to turn up.
O2B@C
I was working out what the £13.5m equates to as a special dividend, and that alone is around a third of a penny per share. For me that equates to a 50% return on my investment alone, nad a nice £12k divi cheque, not to mention the increase in the SP over my average, and that is just for starters.
This share IMHO wil go to 3p plus by Autumn and possibly the 6 or 7p in the next year, and could well be much higher than that if we get a good devlopment sale of WN or indeed Colter.