Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Mysteryguy
My first car was called Elvis, Primarily because it was large, looked vaguely american and performed like it had died on a toilet!!
Keith1
You speak cobblers.
Very easy to apply limpit mines above water line on an oil tanker that is not laden, as the empty tanks which will have a goodly amount of vapour in them are exposed above water and will combust quite nicely thank you.
Also the twin towers is a classic example of self demolition, where the intense fire from the planes overcame the fire protection of the columns on three floors, bringing on failure of thier structural integrity, and therefore the weight of the other ten or so floors above effectively came down as a vertical sudden implied load which overwhelmed the structure beneath, with a cummulative weight effect until it was just a pile of rubble. straight forward structural mechanics.
oldabutnowisa
RBD's broker had a fair value of 4.4p on the SP and that was witht he potential from their portfolio. That was before the West Newton appraisal.
Basically, the californian assets will currently have around 600bopd once the tie in on VG-4 is complete, going upwards as we get the results formt he extended well teting at Monroe Swell, which could see us at 800bopd conservativley within the next couple of months. That equates to around $11.5m a year in revenue net to RBD after production costs. Monroe swell has the running room for another 8 to 10 wells which could easily double this figure, and which can be permitted and drilled over the next year with how quick things move in the USA. Then there is grizzly island. We could easily be looking at $20m a year from California alone, and we currently have a Mcap of £42m!! Not hard to see where the SP should be going, and that is without West Newton, or Parta, or indeed the commercialisation of Colter.
RBD is still very undervalued and will IMHO be multiples of this price by the end of the year.
Have almost doubled up my holding today as I think we will see a re-rate over the next month or two as we get the news from the various projects. Had to do it in two trades of 250k and 245k (couldn't get either a 500k trade, or indeed to 250k trades), which is a good sign in some ways, as it means there isn't substantial amounts of shares washing round at the moment.
Roll on June, hich should be a good month.
Lockedin & ajbennett
I don't think it had ever been explained just how close these two wells were to each other, and as aj noted, it is now perfectly clear why they couldn't put one onto production until the other was done. It also explains how the drill time was pretty rapid between one and the other. I guess in my head I just never really thought they would be so close together, especially when the pay zones are 50% greater on one than the other.
Not complaining, in fact it is great news and means we are very close to production and testing for flow rates. Bring it on!!
If that's the case ajbennett, then amazing that they get such a difference in the depth of pay zone! but very good for us all the same. Hopefully, these will soon be on production, so expect an RNS probably this week with flow rates confirmed (or maybe early next week).
TryTryandagain
Not sure the twitter image is correct in what it says, as I would have thought that the Burnett 2A and 2B wells were a distance apart, and not 20 feet as per the image. Based on the fact that one has a 60m pay interval and the other 90m then I can't see that being the case if they are 20 feet apart. I think what the image means is that the pumps have arrived prior to being installed into thier well heads. Not long now until they are up and running, and long may they nod!.
Krikey
Looks like NR has found an american MiniMe!!
Stockdale
Wonder if the compression equipment could be used on the previous wells that just need re-opening? As a mobile unit, I wonder if it would be possible to effectively stimulate them by pressurisation/compression so that they start to produce again? Just my musings, but it would make sense as to why we have possibly ordered a mibile unit? JB may well (no pun intended) have experience of this, and has something of that ilk in mind to start to get the companies assets working again, despite the best efforts of ARSO and the Slovenian Govt.
Tsbs
I think that the judge must surely be able to see that it is clearly not just a creditor exercising his rights. That may be the case if the creditor was at arms length to the company, but that is not the case, the creditor has been a director of the company and has vetoed other routes which would have led to the company securing funds which would have led to him being paid his debt interest payment. He has clearly been implicit in constructive default, which is a very different thing.
I wouldn'y be surprised if Hope isn't already in discussions with BLOE regarding trying to sell them B12, and given thier recent success, I wouldn't put it past the GG to re-assign the block to BLOE, as they do seem to be getting on with the job! Hope I am wrong, and very much hope that we are granted the injunction on the basis of the information presented, I feel we have a very good chance, particulalry as the couple of weeks since the dismissal of the TRO has shown that FRR's fears of SH's actions have been totally vindicated, and SH is effectively adding to the evidence against himself.
Thanks TDT
I know we have sparred over the years over EUA and AMC, but you were always well researched and I respect that.
I think that EUA has a small chance of making it over 1p a share if there is a buyout of Monchetundra, but otherwise, it is going to be another long hard slog of a year of poorly worded RNS's by CS, more issues of shares (I expect another within the next 4 weeks!) and therefore more dilution to shareholders.
Todays RNS was the tipping point for me, especially the claim of a maiden profit!! For goodness sake, how can CS seriously think that shareholders will fall for that? He must think we have all arrived on the last banana boat! So the 500k shares are consigned to my bottom drawer along with my remaining AMC shares. Maybe one day they will be worth something. Until then I move on for pastures new to seek a better home for my money.
Good luck, I am sure our paths will cross again at some time.
dkok
IG
What a moronic comment. How do you know my average? Been here a lot of years and so my average was well below the sale price I acheived! Profit is profit, but I don't think this share has the potential it did a few years ago, as CS and his crew have diluted it to death. There are now twice the number of shares in issue than there was when I first invested.
Tell me, look at the accounts in todays RNS and tell me exactly where you think that the money is going to come from in 2019 to pay the comanies' outgoings? Do you think it is going to come from West Kytlim? If it does, then WK is going to have to increase production by well over 15 times in order to finance the company! Is this going to happen? Not a chance, so where is CS going to get the money from?
I'll tell you where, he is going to issue more shares to fund his salary, meanwhile chumps like you and me will effectively pay for it. If that is how you want to invest you rmoney then fine, but I have substantially left to seek a more lucrative return elsewhere. As I said, I haven't sold everything, and there is a slim chance of someone coming along and buying out Monchetundra which might give us a more meaningful return on invetsment, but as of this am I have cashed out the majority of my holding for a net annual return of 9% over the past five years. It isn't a lot, but it is aleast some return. But I am sure that I can do better elsewhere.
I have a funny feeling that I will come back this time next year and find the same conversations going on, and a similar SP. I very much hope I am wrong for all your sakes, but I suspect I won't be.
Genuinely, good luck to you all in your investments.
dkok
Well TDT
After nearly five years in EUA, I have sold most of my holding this am as the RNS was essentially the last straw for me. I have retained 500k shares just in case, and am prepared for them to do nothing, but just on the offchance have retained them.
This mornings RNS is another example of guilding the lilly. TDT will tell you that I have been pretty positive over the years on this share, but trying to claim a maiden profit when the losses have actually widened by close to another million is one bit of BS too much for me.
Yes this share has potential, but CS and crew have diluted it to beggary to pay thier salaries, and have effectively delivered no shareholder value whatsoever. The only bit of truth in this mornings RNS was the thanks from CS for the support of shareholders, because without our support and long suffering of more and more dilution, EUA would be bankrupt and CS would have to find another bunch of saps to bankroll him.
This sap has finally decided to move his investment elsewhere, to a company/companies that don't treat thier shareholders like dirt, and that actually do have a realistic chance of providing them with an investment return sometime this sid eof the next millenium!
Good luck TDT and all. I wil keep track every noe and then to see if my 500k shares are worhtless or by some miracle have actually made a return, but not holding my breath.
glta
dkok
Sumo
I think we are now in the chrysallis phase for JLP, where it is finally begining to emerge from the husk. In investing terms though, this is the stage where the ballance will start to change from PI's to II's, and the last couple of weeks are the first inklings of this. The SP as it stands at the moment, is being controlled by the MM's to suit the II's now getting in at advantagoeus prices. Th question now therefore, is whether the PI's have the nouse to hold tight and make them pay more? or whether the weeker ones take thier 10% or 20% profit fromt he last month and move on, and in the process give the larger long term gains to the II's.
This particular PI has held since 1.8p, and I ain't letting go until we get to double figures. By my reckoning, I am here for another 12 to 18 months to see that, but I am confident that I will.
glta
Moxie
Depends on your point of view really, as an alternative view could well be that the feedstock from Star Zinc and then possibly from the other target that Gallileo are looking at, could be seen as very beneficial in terms of extending the LOM/run time of the Kabwe project which is beneficial to JLP and its shareholders at no cost to them!
I agree with you though in terms of the potential for a confilct of interest for Colin's various company holdings, but if in the final analysis a by product of him wanting to maximise his own outcomes, is that JLP and its shareholders also benefit, then so be it. The balance between his JLP role and remuneration and GLR is much greater from the former to the latter, so the odds are slightly in our favour as well.
Moneyhawk
Maybe they want to release the Q1 figures together with an indication of the APril figures as well, so they are waiting until after the end of April to be able to do it. I think we will have the quarterlies before the week is out, as it is a Bank Holiday weekend as well. so it would be getting well into May otherwise.
glta