Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I absolutely agree Mick plus production has the habit of surprising on the downside particularly if they are not investing in the field. What you gain on the dividend you loose on the SP. Pointless
Hardly matters who’s on the board if the next well is duff
He’s the CEO of Tower resources….
rpg I am assuming you are joking??
If I were a deramper, which I’m not then surely I would be the most successful on AIM given the share is at an all time low and has ‘deramped’ 90+% in the last 2 and a bit years.
What are you talking about?
rpgs insight is the bullish case for investment here people.
O dear..
‘A company that is producing £4mm’
Mmm, I must of missed that. Jeez this is the level here.
The company doesn’t make a profit maqsood,, it’s making a loss.
Have you not realised that?
Companies making losses can only live off the goodwill of shareholders up to a point. And that point is long gone.
With cash in bank at $2mm and expenditure expected to be $8 mm it’s likely a raise will be required I think as the production rate will always slide without more drills.
Looks like they are selling everything else to keep Egypt going.
Nobody ever ‘knows’ what is coming
And certainly not this crowd
They need 500 bopd with the next well or this is dead
If Venus is dry then this is at 0.2 p or less is a blink.
Best be warned. They have nothing else and there’s only 8 months left on the permit. For a farm in to have any chance at this 11 th hour it needs a discovery.
Sells at sub 1p says it all
However despite the history it’s best not to write it off completely until the results of the next well are known.
Unless it’s good news 300-500 bopd they won’t be able to raise and continue trading for long . They could still farm it out though.
Seat belts don’t always work every time either Hepseal
It’s all about reducing risk and improving your chances
I give this a one in 5 chance of surviving a year
Main observation is, if this 3D is so critical for planning the best drilling option why did they spank away most of the cash before they got around to using it? This has been a shambles from day one. Last spin of the wheel coming before Casino lights go off.
Damn didn’t spot that chesh
I wonder how many not ‘fully funded’ wells ever get drilled.
I’ve just want to reiterate it’s ‘fully funded’
Yes we know, shareholders funded it.
Calabar capital have the same directors as this new outfit, KONH. It looks like a circular arrangement.
Still I guess they can take back the shares and and cash if it’s not pukka? I just wonder what the real owners, NNPC think about it all.