Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, very good session on TSX indeed, very few stocks for sale there. The anadarko deal is extremely bullish for the E&P sector in generel, as it hints to, that there is a major discount. Some analyse Even predicts that this deal, will start a spree of M&A activity. TXP being so close to shell plants, and shell looking to diversify Even more, is really a good setup for txp, if we were to find some huge gas reserves. Btw a kindly hint from me, discounts for brent was only 1 digit for the month of march ;) netbacks are going up, produktion has gone up, and drillings are near, Who in his right mind would sell txp now :)
I think the reason its a bit slower on aim, is due to the raise, so volume is 8 times the volume on TSX, but TSX performs better shareprice wise.. 3-4 days more with good volume and we would be finished with cheap shares
1750 Was actually thinking the same, just because they crossed 3% dosent Mean they are done.. Would really give a strong signal if they announce they've passe 4%, then FOMO would kick in, because nobody knows when they are satisfied :)
I can see that a trade on 270K shares was made and labeled LRGS, is it a trade off the normal market? Cant see the trade here, but its visible on aim. Anyone that can explain these trades, there were a lot of them straight after the raise, and some of the quite big
Agree 1750mk :).. I just needed a bit more time to. Make My position a solid round 500K, if it goes up to fast, then i will have to run dobble so fast to reach there hehe.. But you should be happy with what you have, and I cant complain.. Cant wait for June, and I actually think spudding will happen before, as James said construction will take about 30 days
He actually said that they are blocked out from buying most of the year, but I got the feeling (from his answer) that they will buy before ortoire campaign, but time will tell. I also had the same concerns as you have, hence My e-mail. He also said that he obviosly wanted to get back over his cost price soon, and that is like 1000% from where we Are know, so that either means he think txp can go like 10 times, or he will buy massively to get his average down. I dont really care which one of those it plays out to be, will earn greatly in each Scenario.
Mudpump, I actually asked PB Regarding that. And I was really surprised to find out, that his average is 2 CAD/sh he has an average buying price of 1000% higher than mine, and around 2,5 mil CAD of Hard Cash in it. He also told they weren't able to participate in the last to offerings because of strict rules on TSX, but that we would see both Directors and executives keep adding to their positions.. Hope that helps :)
"If you look at the financiels we put out this morning, you can now see its a company with growth, its profitable, and it's got positive cashflow. So I think from a risk point of view, it's very low risk, and on top off that, there is the exploration upside, which I think is not build in at the shareprice, at All, so it's a bit like an option, and I think that's proberply the most compelling part of it" https://m.youtube.com/watch?v=tsfIbWg3AqU
So trin have a netback at 30 USD with an average oilsale of 2800 bopd. We had a netback of 34 USD with 1800 bopd. This difference will be Even greater when our production increases. Trin are guinding for a 10% increase pr year, and txp is simply killing it. But what was interesting was that trin actually earned 12 mil USD after spt and ppt. Lot to look forward for us with a company valuation of 27 mil USD ;) ( Even without ortoire)
Tidd, production is just above 2200 bopd according to PB in last interview. I also think he said that All wells were now producing and that 2200 bopd was after flush produktion. I think they will be able to keep it at 2200 bopd, but we will need to drill some new wells to get above 2500 :).. Brent price must however help the Board to decide to start the drilling again :)
No, dont get me wrong, i was just curious, because we cant see the live prices, so I was actually waiting for something exciting to happen, as we see it 15 minutes delayed :).. I am loaded to the teeth so best wishes to you as well :)