Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I can only see this ending in T-O, but it should be good for holders anyway, though not as good as GKP...40p today, had them on my buy list at 13p... bummer. Use this as drop box for any messages as I am staying off the SEY BB until I have a better understanding of what is going on here.. very uncertain at the moment. I still have my funds from my 3.05 sale sitting on the sidelines as I can see being able to buy back-in my 50% I sold at below 3p in the near future, this volume has to die off at some point. - Cheers - Geo
all seem to be going very well here, might just be time to take some of the profit though as it is hard to tell how much of the well results are factored in here at this SP. All of the Canuk posters seem to be taking that strategy and after my bad experience in TRP it is probably prudent. Without a doubt though, I see SE. as one of my crown jewels with real prospects of long term growth so I will keep my core holding no matter what. -Geo IMHO/DYOR
I tend to think, looking at this guy's history, he is a marriage broker, he takes a big stake, finds a T-O partner through contacts, does the deal and pockets mega$... then moves on to the next target taking his pets with him. Really just Asset stripping but very smart. He has clearly seen the unrecognised value in SEY - Sangaw - and has decided to steer the ship in the desired direction [Beardsal]. Interesting the connection with Dana if you recall my musings of a few days ago about potential buyers..... thoughts?? IMHO/DYOR - Geo... kind of regret selling 50% at 3.05p now.... shows what I know.
...... to be talking about this here as there are too many "nutters" over at the main board, Mikey ... I agree with most of what you say but I just feel there will be way too many shares in circ. If the full 4.X Billion pop out that is a more than 100% dilution. To be honest, my plan was to see the SP go to 6p on spud and ditch 50% to be "free-ride" into the result, but this placement is going to scupper that. So, as I said, I had too much committed into SEY, I will see how I am place comes the 2:9 offer, if at 1.4p then funds permitting I will take these which will diute my 3p midprice lower.... but, there is a lot can happen with SP tween now & then. There is no way I would buy more above 2p... been through the heartbreak for a year. Come Sangaw I will settle for a small windfall in some shape or form and avoid the potential disaster of a bust at Sangaw, If the price goes the right way I will free-ride for a smaller chunk. I think this is a case of sit back & watch for a few weeks now, things can go either way. All the best when you pick up the post, regards to you spooni too. - IMHO/DYOR - Geo
Sorry gents, had to do some of that work stuff & other obligations, been out of the fray in general. Slimmed down on SEY, I think the placement is going to knock things a bit, back to the mid-2's I would guess. As I always said, I was imbalanced on SEY as I was forced to buy extra shares to get my average down to 3p from 6.3p. They really are sneaky monkeys, they are timing the issue for spud, I think that will mean that you won't get the normal pre-spud/spud rise in value, and over 4bil shares, once the day traders get there hands on that much liquidity it is just going to bounce in a range like a yo-yo, so I think it's S-or-Bust on Sangaw. The quantity I left in is enough for a hit and will not more than sting if its a bomb... so thats fine. As for SE. , expect some weakness over the next week or so, Canuks are saying no news until the testing is done. The prognosis is good on all fronts so no worries, just patience. IMHO/DYOR - Geo
....... of serious action in the trenches over at IFR, more than full days volume in first two hours. http://cxa.marketwatch.com/tsx/en/market/quote.aspx?symbol=IFR&x=11&y=10 The SE board over at Investor village, see earlier link, has some interesting speculation and is worth a read for those inclined to SE. {SE without full stop, in Canada} here, brkers report suggests NAV at CAD$ 3.00 and suggests Bowmore news soon, one poster even says they are coring. Interesting times ahead with SE. - IMHO/DYOR, Geo
gone... night all - Geo
3 months... 10weeks minimum. They need the pilot hole like GKP, too many variable pressure zones below ~1500ft.
Mikey , there has been no drill - You cannot keep them secret . IT IS impossible. This moves on to the politics of the game, I thought ADDAX were jerking SEYs chains with the rig to weaken and buy, that cannot be the case now, you would think that Sinopec would want a quick result, China is in the fast lane to secure commodities - all of them, metals, energy, primary industries.... Sinopec would want the drill.... so why the delay??????
..... I think will be the givaway, if the price goes up hard on Friday afternoon then I think we will be set for rises through next week. Seen this in Lloyds, once you clear the daytraders out on a steady rising trend the price just meets notional "walls" Xp...X+2p.... each time it clears a block of PI's with a set price target, usually round p's it just pushes up to the next trading range. Got to go-rubbishnight. The wifes back, havnay dun me jobs...!!!!
Is here for a reason, and the fact that he has stayed through all of this means there is a compelling reason... its KRG.
....... is that if we are right and these are corporates, they are not going to just daytrade, they will soak up a lot of the liquidity, as the uncommitted PI's get squeezed out on a rising trend the price should find a "real" level.... thats my hope anyway.
.... looking at the patterns today, corporate/investment houses, they are now viewed as a upside bet..... which I think means the cheque is in the post.
....... you are right there, I reckon maybe a little bit lower after his big buying spree about two-3 months ago, but there is the core issue. Invesco/Ruffer/DOB/Gartmore... all in for what ~90%, all averaging??? 9p???... along comes aperfectly good buyer, all the boys keep their jobs - they have actually done some good deals - get to really do the oil biz, all the big holders - No way at that price.. we lose out boy's, no you get on with it....???
...... were a flop I think they would roll it over to the first bidder, the people involved here want to be a Cairn/Dana/HOIL/Tullow sized oil company, I dont think they want to be on the outside of the big game much longer... they need a company building find, a one hit wonder... then they can go after some more prime real estate without having to do an Oliver for partners each time they get a concession.
..... in reality, if KRG does not come in they are dead. Madagascar is a terrific prospect but they will have no money to move forward with and their cashflow is poor for the size they are, Madagascar is ultra deep water the development will cost mega-bucks, too rich a game for SEY.
..... got the map saved, the neighbours are DAna and VSt/Nico, Vst are minnows though Canuks, they are a no-way, but Nico are huge and the minor partner with VST... it would be a good fit for them. Dana could be the other party, i tipped them to a family friend about 10 years ago... they were 34p at the time... if I had only bought a few hundred!!!!
would fit, they have most of their stuff in ****stan, next door almost. Does not have to be a UK company though, the Canuks all like KRG, in the US Devon have not made a big aquisition..... too many possibilities without a clue, think you were in SQZ, their CEO said their bankers would back an aquisition as I recall, bit odd though as their MCap is about the same as SEY, they are Canuk though so they could fit if they had the dosh but they would have to borrow a lot, didn't some mention ... was it Afren, as they have lots of W.Africa and Chin would fit in along with the GAbon/Nigeria stuff???
There are others with the clout and dosh who have not bought anything yet, Hardy and Cairn maybe.
.... just took over Genel Energi in turkey, think they will be out of readies. Addax is GONE, part of Sinopec any day, they will not be doing deals whilst in an accepted bid situation, material change and all that.