Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Lol.. & so you are a marked man Filthy., but darn..
as Devil’s Advocates go, it’s a conclusive argument in support of.
lol.. And I thought I was perhaps being slightly over-zealous trying to lift the bb from this morning’s doom & gloom, with the shipping forecast from the Timor Gap.
Fingers crossed and Tim passes back the early queries raised by Meadow., to our heid honchos & that some light news get returned.
Filthy., you could be spot on bud, that it is indeed a simple working partnership sharing costs & facilities. My interpretation currently rests with ‘a partnership resulting in that which is greater than its constituent parts’ ie. that it is then possibly leveraged. In Boil’s favour.
Difficult to then conclusively nail the true meaning (Yeo’s contribution to PR perhaps) but I’m guessing it’s.. beneficial.
Thanks Jarvy. Currently imv there is little of consequence with the negativities being aired. Yes we may see the sp bounce around 7.5 to 8.5 but with so much happening externally which is centred on the island and the additional O&G developments around us, then fully expecting that when it goes, it will go, irrespective of opinions.
(lol & there’s no arguing with any ladie’s logic)
Eddie, I’m grateful for Jarvy getting me into the Boil TG (& Steve getting me into UPL TG) but that my logical deductions (or the lack of) is then very often at odds with their reasoning's.
First clocked the TG admin negativity centred on the 24th Jan ‘flyer’ but is that I read the article totally different to how TG admin interpreted it. My thoughts were then biased by the low opinion I have of the bod’s PR & that hence we were progressing forward.
I think that with the complexity of the politics that lie around the region, that there then has to be a serious weighting to any NDA’s.
Just very unfortunate that the poor behaviour of bod has resulted in poor comms leading to the frustrations arising.
As this though is a bet, with some serious funds attached, then I’m happy to let the situation continue to ride, with my optimistic calculation of probability that the bod’s silence this time is indicative of external developments.
Meadow/Mr.T., The bod’s use of ‘synergies’ imv suggests a leveraged status that is derived against an initial hefty weighting of capex for the drill but then sees a more proportionate share being carried in line with each partner’s holdings ie hopefully we retain 30% as an initial free carry (as seen recently in the North Sea) but that whoever then acquires our, say 30%, then has to proportionately cover the big-ticket expenditures.
The sp as a metric likely then being secondary to the mc, which is where the bod currently have aligned their % holdings in lieu of a sale. The sp then only becomes prominent should placings occur.
The downsides though of lazy management that then consistently fails to keep its shareholders in the loop (sounds familar) is that should a placing then be required, the bod have exposed sp to unwarranted & unnecessary dilutions (sounds way too familiar) courtesy of the poor /lazy PR.
The lack of any news is of course also tied to NDA’s and so suspecting that the most recent frustrations being aired are just an unfortunate side-effect of Yeo’s long-term characteristic behaviour and that perhaps where TL & Boil are currently being silenced, is in part due to the more pronounced in-country developments inclusive of that meeting with oil /gas refinery developers.
The survey contracts have already been entered with the survey then occurring over the next 6 weeks which then likely suggests that the fee has been covered or that it’s costs are backed within the TL government incoming funding of $1M.
But for the appraisal well & in layman’s terms the use of ‘operational synergies’ then suggests a possible variable metric being used outside of a simple financial ratio eg 50/50 arrangement that perhaps uses a derivative with variable leverage on a % holding of any future development eg. that a partner then comes in carrying most of the weight initially but that IF the development then green-lighted, that a different variable is used to cover the high-ticket expenditures eg. $1.15B costs for an FPSO, is then shared equally. That the synergy is initially leveraged & then shared more equally…
The oil depot at Betano currently mooring the oil supply tanker Angel No.1 that is delivering her latest cargo at some expense to the impoverished islanders.
Not yet any signs of cargo vessels delivering the possible oil refinery modular construction units that some are expecting.
‘..The objective of the Site Survey…is principally to identify any potential hazards at the proposed well site, ensuring that a drilling rig can be safely located there with minimal environmental impact. The Site Survey work consists of geophysical studies and physical investigation of the seabed and shallow geological section.
SundaGas maintains dialogues with other companies active in the region to identify operational synergies for the drilling of the Chuditch-2 appraisal well. These discussions have resulted in the opportunity to acquire the Site Survey in partnership with a nearby operator..’
Inpex drilling nearby in May, then leaves less than 3 months to assess drill survey should they be in the frame as possible partners.
ENI drilling nearby in August with a 6 month lead-in timeframe to then assess drill sites so perhaps looking favourite to share those possible synergies on drill survey costs..
Researching ‘environmental’ concerns :
Timor-Leste has one of the highest smoking rates in the world. About 60.7% of adult males and 9.4% of adult females used tobacco in 2020. The tobacco prevalence among young people is similarly high: about 42% of boys and 21% of girls ages 13-15 also used tobacco in 2019.
Timor Leste has the highest rate of poverty in Southeast Asia. More than 40% of the population lives below the poverty line and it ranks 147 out of 187 countries in the UN's Human Development Index.7 Dec 2022
Timor-Leste has one of the youngest populations in the Asia-Pacific region, with a median age of 17.4 years - 74% of the population are below the age of 35 years. Timor-Leste is a Least Developed Country and is heavily dependent on gas and oil extractions.
Could perhaps be argued that TL not being developed courtesy of external global attitudes to environmental concerns is then likely to be ignored & result in a quick rubber-stamp from the 17.4 year old squatting in his/her granny’s shack..
Whichever view one takes, seems rather incredulous that some can suggest that TL’s environmental concerns will delay any purchasing arrangements.
Thanks Antha, but as per my earlier thoughts, IMO no one can claim fraud until very recently: the wearables were just simply very poor design productions. The hyped statements by ABH at that time then can not constitute fraud (rather were OTT hyperboles as per all entrepreneurial activities). Extremely difficult to then chase fraud as the monitor actually existed (Albeit on par with a Disney production).
Exactly the same hyperbole received from elder bro & at a similar cost. Lol but 2017 was rather an expensive year for schooling. One then simply learns & moves on.
There is though now a completely new and different metric at play here. Which then saw a colleague awakening me to the ‘company assets being sold’ from December 2021.
A totally different metric from the earlier wearables. Which perhaps some of the sharper & more earnest Pi’s might then conclude, that there NOW exists a much higher probability of a good case for fraud.
Saddened to hear that. Hopefully some verification of the current situation will give encouragement.
With attempting to get some clarity and eventually closure to imv the irresponsibility that has been Amit Ben Haim’s legacy there has now arisen two sets of occurrences which then appears to fall within the parameters as asked for by the Serious Fraud Office :
1. the serious issue of ‘harm affecting several victims’
2. company assets being reportedly sold for x millions which then meets the SFO statutory remit ‘in the tens of millions of pounds or above’.
Peeps need to wake up and take note of what is occurring with ABH and his posted ‘company updates’ since December 2021, with respect to possible transgressions of the guidelines set by the Serious Fraud Office that are occurring.
You should be formulating & collecting data for compiling your own reports and then forwarding these to the SFO via their easily accessible portal. It costs nothing. It takes you less than 30 minutes.
Unfortunately it doesn’t take much reality to then realise that 99% of investors will have allowed the sic ‘evidence’ to be erased.. Just how many took screenshots of the company posts from the cloudtag.com portal inclusive of the copyright statements ? At most, only a very small handful of investors were likely awake to the new circumstances arising from ABH having quoted that assets are being sold.
Probability of success with SFO ? Then bearing in mind this is an ex Chief Constable of one of the shires, which when tied in with the recent published very poor success rates in fighting crime in the shires and so again peeps should be sitting up & considering similar reporting to try enhance any probability of success.
Thanks. For some earlier ‘technical’ exploits, the feline term then occasionally referred to, was “tiger”. But cat amongst the pigeons for this tasking is quite apt. Most sane peeps realising the total absurdity of the current situation.
The kindly heads-up recently received, cautioning that ‘….is ruthless and takes no prisoners.’ then simply resulted in a small chuckle having been known occasionally to reciprocate these sentiments, even with the currently damaged knees. Have always sourced a way to get in close under the radar. And get results.
Wonderful metaphor earlier today ‘..that HE1 has put the defibrillator on the AIM.,’ which is perhaps an apt analogy for the current state of the small cap markets, that when revived they now jump up alive & kicking. Guessing the MM’s / brokers have done such a shoddy job of keeping any semblance of a balanced market that there will still be further displays of volatile reactions to come. Baron is certainly not on the mortuary slab, lol but perhaps being in a coma (20 years+?!) with the occasional wild dream, is maybe close to the mark.
Confident AY, AB & TG will then administer a suitable tonic. Lol but hopefully very soon. The patient is most definitely twitching.
Guessing that he has had his erse kicked.
Hopefully he now starts behaving.
A verifiable update would put all this nonsense to bed.
And so any investigation will then simply reveal that it is the website that is the fraud. And that website will then get closed down..
So how is everything in La La Land today ?
Cloudtag.com
‘the computer says no’