Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
GRH . . . Marvellously entertaining posts on LSE
By folk who have neither run a quoted company
Nor engineered and delivered
VERY large scale deals
Thanks very much 🥾🥾
#PRD
GRH . . . #PRD
Just a brief note of thanks to Mr Market
🛍️🛍️
🥾🥾
🥱🥱
GRH . . . . Isaac Newton...
Had advised The King
that the challenge could not be solved
But ROB's Great (9th) Grandfather
Solved it
youtube.com/watch?v=T-g27K…
In the process...
He discovered that Australian time is many hours ahead of GMT
Funny old World
GRH . . . . #PRD
Whilst I no longer provide information on LSE...
Some might be interested (some might not)...
in some of my earlier posts there
lse.co.uk/profiles/grh..…
I stand TOTALLY behind every post
🔥🔥🔥
Interesting find mick . I can say from personal experience the Rathbones folks in Edinburgh are top drawer.
Tozzer 2. .. … #PRD 10p under pressure again buyers snapping at the heels
Looking forward to seeing developments here over the coming weeks
PG will not want to give years and years of tireless effort building the business towards this moment away cheaply !
Andy’s view on X …. #PRD - Starting to creep back higher
Confirmation of MOU for Gas Sales agreement and commencment of flow testing sees this back towards 12/13p
If they give some juicy details about the Gas Sales contract it could go much higher
CUBE . . . . While comms delivery style from #PRD can lead to some head-scratching, it is patently clear what they are telling the market; a contract 📃 is being drawn up for an off-taker of gas 🛢 from Guercif on a *large* scale.
When it is signed 🖋 the testing will begin. Rapidly. 🚀Management have also stated that appraisal drilling is planned.
We approach the tipping point, and moreover the *spill point*.
MOU4 appraisal may unearth the the biggest new natural gas reservoir in recent history.
Its BIG.
If you're out, you're out.
Every so often... 🦖
GRH …. … I saw that a PI was complaining about being 'disrespected' by #PRD
I do not agree with that description
BUT...they can 'disrespect'me all they want
as I am not here to earn respect vouchers
I am only invested to make money
And rather a LOT of it
Thanks Paul & Lonny
Two separate negotiation’s with ‘ several parties’ . CNG development strengthens our wider buyout position and the Moroccan authorities are mustard keen. MOU is a formality. Full buyout with retained interest will have been progressing prior to war interruption. At least one of the parties is no longer viable nor do the Moroccan authorities now want that parties participation publicised by PRD. The MOU factor allows political cover and time for restructuring. Testing will occur in agreement with purchasers requirements.
ROB . . . . I add 1+2+3
1
When they test...
It will be almost impossible not to declare Discovery and Commerciality
2
Hamas changed things geo strategically
Thus, the players have changed
Bigger boys arrived
3
Europe is in a gigantic bind this winter onwards
#PRD
That's it🔥
Continued
4
My concern was always that TT /CM deal might not get closed
5
it is of immense value
re cash flow immediacy
and RESERVES (!)
6 'Hamas' changed the priority/running order
7
ROB bought more
GRH . . . . IMO
1
Guercif is FAR bigger than #PRD first thought
2
Post Russia and now Hamas
=
Geopolitically of huge and immediate importance
3
Since first investment here...
Guercif has never been a worry to me
4
nor is it now
TBC...
Jasper on X . . . #PRD perhaps not the comms, everyone was hoping. However, nothing has changed in fact, accretive value increased with Trinidad acquisition completion.
@lonny1971 - would be good to seek further clarification on Morocco timelines.
CUBE on X . . . The more sanguine out there will realise that nothing has changed *except* further progress on MOU fan commercial negotiations.
Oh and of course that #PRD have now *also* completed the acquisition of a *hugely* value-accretive 83.8% of Cory Morgua licence in Trinidad!
🛢🛢🛢
GRH on X . . . As ROB mentioned ages ago
The Trinidad asset is truly terrific
The changes to the deal
are VERY beneficial to #PRD.
Well done to Paul and Lonny
re terms & completion!!
Re Guercif...
Looks like some inexperienced folk
are in-breeding on LSE
CUBE on X . . . . #PRD rns:
"The Company is also in discussion with several parties regarding the financing of the CNG development. Upon achieving acceptable financial terms funds set aside in the Company's strong balance sheet would be re-purposed for follow-up appraisal drilling."
ROB's view:
It's all BIG
It's all CONNECTED
#PRD
One possible explanation is that it ties in any future purchaser/s to the local industry. I suspect this is enormously important both to Paul and the Moroccan authorities. Would a major with a rapidly developing G2P/E operation choose unbidden to focus on a non core business such as CNG following the buyout ? It’s highly profitable for us but given the scale that others will hopefully be working with it may not be of the same priority. Local politics matter.
ROB …. It is extremely hard
and vanishingly rare
to identify truly great opportunities in the E&P sector
But...
Once such have been identified
It is vital to hold a LOT of that stock
And to ignore those whose research
is unworthy of the name