Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
there really can't be many left to go - the SP was at 4p before the selling pulled it down. Must be at the end now, especially as it seems a consortium bought the last remaining few from the original Polish investor.
They sell and buy back cheaper while the LTH hold on to their convictions.
Always the way.
Niggling doubts about sales potential based on these musings:
Only 2,000 approx new cases per day
Large events might have 100,000 people at them
Add that up and it isn’t millions per month?
when markets re-open on Tuesday 4th May, there won't be many trading days left before the Q1 update.
Funny how brains work - today it all seems so far off - on Tuesday news of cash flow and a complete turnaround here will be imminent!
It could take a few months for these prices to meet again!
WSE:SEN as has been discussed, got a bit carried away as there are few shares in Serinus on that exchange to trade. Fast mover. However, it is slow to come back down so is likely to meet the UK price as we go up.
Where exactly is anyone's guess. Mine is above 5p and perhaps around 7p.
Google trends isn't providing much search inspiration that might boost the SP. I really thought I'd see some more interest in France too. With buying now moving on-line quickly, there really needs to be much more activity and visibility for EVE online.
Can anyone point me in the direction of 'buzz' for this brand at the moment?
Net Present Value - sorry, not NAV.
Andrew Fairclough said recently: "We update our reserves annually, we have an independent reserve engineer do those reserves for us so they take a look at the reserves and they give us an independent opinion. This year Gaffney Cline and Associates was our reserve engineer and, in our results, we provide the information that Gaffney Cline provides for us.
So, this year, yes, we’ve managed to increase our proved reserves, our 1P reserves, by 101%, our 2P reserves have gone down slightly by 9% and that that’s a function of converting 2P reserves into 1P so upgrading the quality of the reserves, and that’s also a function of 2020 production.
So, those reserve numbers are all in our results, we’re quite proud to do that every year and I would note that Gaffney Cline also gives a net present value of those reserves and this year, the net present value of our 2P reserves was $73 million after tax at a discount rate of 10%. Now that’s roughly the equivalent of about £53 million and that’s 5p per share and so we’re currently trading at just above 3p per share where we have proved and probable reserves, reserves not resources, that are valued at 5p.
So, the reserve report does a couple of things, it shows independently what we have but it also puts a value to it and this is one of the reasons why we think this equity is so attractive and so valuable."
if ODX decide to comment on ABDX, saying they also wait payments, that might cause a similar drop from here?
What a useless government mess.
A conspiracy theorist might wonder whether the GLP hasn’t been discouraged from bringing a case against HMGov because currently no monies have been paid. The case might get thrown out of money hasn’t been paid? ODX caught up in political games. No way of working out what’s going to happen, given the lies and deceptions running free.
Traders must have been desperate to find a small 'win' to sell these. Just hold and wait as NAV is 5p, brokers have the target at 6.4p and 8.5p. Also.. see WSE:SEN price change today, Poland already values this company very highly if a little over-exuberantly.