Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good post V111JAS. I was disappointed with Fridays RNS as we all were, but the good stuff is still in the ground and it looks like there is a lot of it. Traders had fun last week but the reality is that this will eventually come good and perhaps, hugely. I would estimate that the non ops potential will also be evident once new fields are in play. Still positive here
Thanks Malbrad. 16-2 has been ignored in recent RNSs and CH was quick to respond to my query. Contrary to some on here, I am optimistic that both 16 and 32 will produce during latter part of last quarter. Read Malcys Blog today quoting “ huge upside” and I agree. Share price should multi bag from here. I am adding when affordable.
Overall positive RNS but quiet on 16-2 so I emailed ZEPH. Just received update from CH re 16-2 confirming expectation of last quarter for remaining gas infrastructure to be completed and Dominion capable of accepting gas volumes. He hopes once these issues resolved that over 1100 boe/d can be achieved
A couple of them today so far but still no volume. Everybody waiting for next news which should be confirmation of testing on 36-2. Plenty of news second half of the year. It’s all much later than they planned and we expected but it’s the final result that matters. Production from 2 Op sites and one new Non Op would make current buy price look like a missed opportunity. I am topping up again
Another report worth reading. On Zeph website. Confirms expected first revenues on 36-2 before year end, expects all the operations to start producing “quite significant cash in early 2024” and suggests “shares have now become significantly oversold “
This is on my Mobile Phone SCE2AUX. Have just listened to CH as per your previous post. Refers to Williston production up to 1700-1800 per day by yr end and at least double that when 16-2 and 36-2 on line. Says both wells commercially economic. I was getting concerned about 16-2 and the lack of news so that’s reassuring for me
Agreed V111JAS. Been saying that on here for a while. Current value if anything below non op income as new wells come on board. No value credited to Paradox. Unbelievable entry price. With Oil price now off it’s lows we just need positive news. GLA
As I stated yesterday, what a great asset this is. Annual income exceeded expectations. More sites to come on line by June. CH expects 2023 to also show increased volumes. Sensibly Part hedged again. Profits reinvested in both additional non op assets but mostly Paradox. Very professional outfit this is.
As one of many on this very instructive board, I am totally relaxed about the share price. It’s perhaps the traders who are getting hot under the collar. The Whilliston investment alone is providing annual incomes that justify the market cap. It’s looks as though that both Paradox drills will be a success and production testing will confirm the numbers in early course. Then in the future multiple additional opportunities from this huge acreage. I expect a significant re rate once testing finalises and another on production itself. GLA
Hi Northern. I am in total agreement. We have both been here a while and held. I have always topped up when affordable and on the dips. Never traded. It’s now a short to medium term hold and I expect that ultimately we will be bought for multiples of the current price.