Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
One day you may be richer than your wildest dreams Scot on the back of Bob and Jay. But I guarantee you this - you will never have any mates, friends or buddies. Fact.
Sadder than pizza landing face down.
Good luck with that.
GS
https://priceofoil.org/2021/10/07/secretive-hedge-funds-investing-in-oil-are-now-reaping-huge-profits-as-prices-surge/
Don’t like hedge funds but if they think they are on to a winner, who are we to argue.
GS
Or perhaps they've got a bag over their heads. Two eye holes cut out, driving their lecky cars that only travel half (or less) the published distance per charge.
Conor Maguire says-
"In summary, PANR is on track to unlock one of the largest oil discoveries since the 1960’s, but remains priced like an option despite the proving of resources to date. At the current enterprise value PANR’s estimated recoverable reserves of ~2.2bn BO (which is conservative) are valued at just $0.35/barrel - ..."
I believe the upside is ENORMOUS. What do you think?
GS
Not surprised. I'd expect many more massive buys as the penny drops...
We are privileged to know what we know already. There are thousands of investors still unaware yet of the value here, imo.
https://valuesits.substack.com/p/q1-2022-situation-review?s=w
GS
https://youtu.be/92wCPfqyVbg
So yeah! Just looking for clues.
SP telling us something, oh yeah!
GS
It could be interesting if any 'leaks' of buyout/s start to filter through. Either now or anytime in next 2 years. From that point of view alone, this share imo could be the biggest oil play based in NA, or possibly world wide for those adventurous enough to take part.
Then again, I could be wrong. They could blow the negotiations or the next drill. Buy more? Sell? Hold? Decisions decisions.
GS
Pps
Catching a falling knife is always risky, but if you are confident, through research, you can do it successfully, either by wearing kevlar gloves or simply knowing your 'facts' and fellow shareholders overall mindset. Reading these boards does help, but being able to read between the lines is prerequisite to making a buy/sell judgement.
Btw. I Don't see the point in posts just commenting on the sp. movements intraday unless of course said punter has some reasoning as to why the price is changing, and whether its justified. Don't filter but quickly learn to dismiss the carp.
GS
Ps.
Northern Neighbour market Cap is close to a billion$ and expected to 10 bag in months!
GS
For what? Are you kidding or just not researched?
Maybe...
"Following the results from Talitha-A in 2021 and further recent testing results by Pantheon in 2022, 88 Energy will incorporate these results into an independent prospective resource report for Project Icewine focusing on the eastern leases in the first half of 2022." Ref RNS project Icwwine update earlier this month.
Oh ! And don't think Peregrine is worthless just because of Merlin 2. Drill location was incorrect due to old 2D seismic.
If you are looking for a quick buck you need to read up and learn. Otherwise settledown, relax and let the journey unfold - mountains, valleys, crap weather and all...
GS
Hope they have the potential buyers on site to witness what they are spending 10 digits on!..
GS
Jay and Bob have been talking to Proactive and are looking to 'get back to testing...'
Yes!
GS
Agree that posting right now is not so relevant due to sheer volume of posts. However, as disappointed as we all are, we should take some comfort from the 'out of the blue' management strokes that have been played in recent times.
1. The cash generated last year to pay off debt using sale of Tax Credits. July 2021. Debt free is always a good thing.
2. Acquisition of Texas Oil and Gas assets to create a long awaited revenue, thereby reducing future exploration costs to shareholders. Feb2022. Income streams in oil and gas when prices are rocketting is always a good thing too.
3. Being patient in waiting for our Northern neighbour to unleash the full potential of what they have on the next door acreage. 2021 to 2022. This will be a massive up lift, I hope.
Relax and wait a bit longer I say.
GS
10p sounds good to me. However, it could be significantly more couldn't it?
So glad I upped my stake now. Holding and crossing fingers for a good outcome on either or both major assets.
Good luck and keep posting guys. Great board btw.
GS
Between? = being ..... who said computers are good. Says fat fingers! @$#&!
If there are MM games, if they exist, they will hopefully be short lived as the latest RNS sinks in. Don't know why, but this share always seems to have a lag between the Eureka moment and the price tag between stapled to the goods.
All being well, the rerate will happen soon enough. Good luck all.
GS
Aussies down, maybe they’re still in bed?
I’m sure it won’t stay that way. But they are a strange breed down there. Good news and celebrations only count when there’s ashes or some other sporting crown to be adorned.
:-) Strouth!!
Ashley Gilbert last comment…
“Following completion of this program, we hope to be able to confirm the presence of mobile hydrocarbons, and a discovery, at Merlin-2.”
Although it states “hope” , I and 6500 other investors should consider it much more than 56%cos now. I wonder how the market will read it? We’ll soon find out. Come on ASX, do us proud.
is 5p possible?
Do your own research. I’m just an upbeat happy guy.
GS
No probs CloudyMountain. I should have worded it better.
I just think the setting of this first dividend (and other announcements on 22nd) will, in all likelihood, set the tone for the next few months.
My understanding is that the dividend will only be based on the 6 /7months since they floated ,so not yet a full years sales. For certain, next years will be much better, given the liklihood of coal prices remaining high.
But yes, I'm sure the BOD understand that the setting of this dividend is crucial to investor sentiment and hence could be a massive influence on the day. Not for the nervous thats for sure.
GS
Does anyone expect the SP to drop by the same amount as the declared dividend on 22nd March? OR, does it depend on the generosity of the the payout?
ie a low/mediocre payout = a corresponding downrate in SP
OR
a generous /high payout = a strongly held SP
Just curious, as I've jumped ship. Soz.
GS
So. All gone swimmingly so far. Slightly ahead.
SP must move up now..
. "During the current drilling phase, logging while drilling and mudlogging are set to provide initial indications as to the prospectivity of the target zones at the Merlin-2 location."
Unlikely to get further updates until total depth in 2 weeks, but anticipation based on 56% cos likely to build. The next RNS will be critical to Merlin 2 success, but we could get An Icewine upgrade before then... gulp!!
Nobody is going to sell now, agreed?
All imo and do your own etc.
GS