Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi DRichi
They don’t quote the current NAV for PPC just their target price near term at 4.6p. Good to see today’s sell off not affecting PPC to badly
Another update earlier today, reflecting the Paraguay RNS, where they add 5p to the unrisked NAV based on $55 oil price long Term and they quote a “better than 30% success chance “
What’s not to like Northern. I topped up today. This has such short term potential for a huge increase in value and possible longer term take out by a company with the cash to harvest the acreage.
Welcome aboard HP. So much short term news due. Atome shares to existing PPC holders; potential new oil, Louisiana back on track and increased Argentinian Gas production after work overs . The price doesn’t even reflect Paraguay which is a virtual free ride for a 30% chance of success. Finally an update on all production to a greater level before yr end.
This reads well. Target price still 4.6 which surprises me but the last paragraph - “Our current forecast assumed US$6m of additional debt finance was needed to bridge the gap in cash flow from an estimated US$18 work programme this year. Today’s issuance more than covers at a better than expected rate “
A very shrewd piece of business by PL who is going through a purple patch at the moment and long may it continue.
Hi DRichi. Only joking. Although I do love my City. The great news here is that PL has at last got the company in the media’s eye and the transactions prove its now going in the right direction. I am confident that the new oil drills Will come in and Louisiana back on steam soon. Atome is a real bonus here. Paraguay is a mid to long shot but won’t cost us. All looking good for next year my friend.
Nothing wrong with Leeds .
Hi Northern. Not got mine yet. Anyway it’s good to see more trades as people catch on to the potential here. Paraguay. Atome. New oil. Etc. Also Louisiana back on line soon. Still a buy for me. Topped up again yesterday.
Good to see the higher volume but still well below what it should be . I thought the usual “expressive “ PL RNS with more meat on the bones as of lately. Encouraging and strong buy for me.
Agreed Comeonvog. One of my concerns is in respect of the gas production since the new wells were put in production earlier this year. Wasn’t it 4 wells ?. I would be interested to know their production rates to date and expected in the future.
Harsh Fevertree. This is AIM. We are and O&G company. Lots of risk. Get real
Hi Northern. Me too. So much news to come and confident that today’s price way behind us. Don’t forget Peel Hunt who are not our brokers have 5p as their projection. PL seemed very confident in his Q&A. I am stolidly behind his current plans
Still 4.6 Northern but they have stated that Paraguay has a plus 30% chance of success leading to an unrisked additional 5p
They anticipate 3000 boepd by yr end and have maintained their 4.6p 12 month share price in this mornings broker note in response to RNS
Silly valuation based on internal politics. Once sorted this will soar
Agreed Stephen good post. A lot of people here talking about past mistakes and they are correct. This is now an opportunity for some share price growth with plenty of potential good news in the near term. I am a LTH and down on my investment but believe that the current value is a huge discount to the potential here. I would suggest a buying opportunity.