Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I never understand why some try deramping when a share is at the bottom of its recent trading range?!! Seems odd if it’s cheap jump on if not find one worth his while. Anyways his posting some obvious questions he knew the share or was invested. Trolls coming back normally mean we are due to some upticks seems the pattern in the past anyways. With RMP and upcoming news shouldn’t be much longer now.
Yes, it’s a fair point he might be leaving the well to build more pressure, it was always the plan to farmout HRZ as pressure wouldn’t be enough vertically if it was we would have know his early on last year. The thing is a lot of people keep saying it was a failure which is so far from the truth the RNS states enough hydrocarbons flowed to essablish C6/7+. I think it’s a time and money issue when you know what you have you know... Maybe it’s just pure derampers, but there is a lot to like here and the price point is pretty bloody good, and I’d always argue that IW2 worked as a intended a farmout play along with the others.
A few points the well wasn’t a failure a failure to me would be there was no oil or access to draw couldn’t happen, we know the well did flow but the failed part is we didn’t get to 30% frac removal to give the best picture of the makeup down the well, we do know though they have gathered enough information to make a informened desicion to move on and suspend the well so it’s still part of the farm out. You mentioned it’s the second summer ? Last summer we hit 4p which again was a decent sell point if and when you bought in this share and your expectation of timing if you want more money for your slice. I’m not trying here to paint a more rosey picture than there is but you feel doom and gloom here where’s I am a optermist and feel good things will come, I could be wrong but I’m not trying to look for the hair in the egg.
Just seems low across the board of shares I own, I know summer months are in general are slow but I felt with these penny stocks there could be more movement given we are around the bottom of the ranges.
We will see, a RNS would change that I think.
Yes volume hasn't been major even when it was dropping! Crazy one really, volume and sentiment would make this one rocket. Hopefully that day will come around soon. Lots of news to come here, we are still priced under RMP.
This is why I keep mentioning the Jan drill, this news is huge for us and one that come from nowhere and so unexpected, ive never read anything on here to point to this one. This news to my thinking far outweighs IW2 not getting to the 30%, so on that basis we should be in the 2-3p range.
It all helps, we need exposure I think, the company is good and a real decent punt share for those wanting to make money short or long term, especially at these levels.
I think sentiment will comeback we just need to be discovered again as a buy.