Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Unfortunatly in such a fickle market of late it doesn't mater what mengo/101 flow later down the line(that will shift the SP but not after its been hammered if the bottom doesn't come int) as all people are interested in short term is the bottom of the well. Everything else will be forgotten in a second.
Following a similar trend to that back in 2016. Rampy news and Raise of money is all part of the game. 88E is at ~£70m and doesn't have any production!
Suspect there will be more news in next few weeks to further move this up and keep the interest but the game changer is all at the bottom. If it comes in then >£100m MC and if it doesn't ~£10m. Simple as that really.
PMSL
I think when you look back at the general market and the finances of the company it makes sense to do some dilution now. If dilution had been tied before now I think they would be lucky to get it away for 5p so hes decided to talk the SP up to ~16p and then 10p would look like a good buy in for investors.
Its also worth remembering that if he had waited until the final drill and there was nothing further down then the SP would have crashed back to ~7p or lower and dilution at this point would mean an SP going to <3p. It makes perfect sense to derisk and dilute at this price.
At least we have a line under it at ~10p and we can move forward. We should get a very nice revenue stream from the first few targets and if we find oil further down we could be looking at a MC >£100m.
All the hall maks of an 88E type rerate as I mentioned few weeks ago. The 88E rerate had the same news in dribs and drabs over a few weeks and AAOG will be the same. There will be consolidation at points but I think this is going to be 20>30p in next two weeks.
Drilling is now under way to the major prize and with everything being as expected or better I feel the COS has risen. Its by no means a cert but with everything matching the modelling and producers from the lower target in the area Ive got that 88E feeling.
All high risk but that's the fun of AIM. Enjoy the ups and downs all.
My thinking as well.
101/102 is a bonus to the story so fully expect a run at 13p today maybe even 15p if it breaks.
This is reminding me more and more of the 88E rerate the other year. I can see positive wireline logs sending this to >20p before we head down to the jackpot which would be putting us at >50p potentially. Longer term this can me a massive rerate
If they hit anything near 5000bpd from a single well this will multibag >£1. MC is tiny there are alot of oilers out there with many mutliples of MC and they dont produce anything!
This is reminding me of the 88E rise. Good result on the first zone and we will be mid teens in a flash possibly higher. Full your boots people not every day you find a90% COS well.
:-)
fjones If your English and nonsense posts weren't making me laugh so much Id ask you to stop posting to save anymore embarrassment.
Its really very simple at the minute(excluding the poor markets):-
1. They find oil and the SP goes up
2. They don't find oil and the SP goes down
That's it in a nutshell, so if you cant handle option 2 being the outcome then you should sell now and invest your money into a regular dividend share.
Hopefully in the next few weeks. Wondering how high this could go. Thinking +20p on a good result.
I wasn’t referring to you but o well never mind. Have you emailed my shield at all? Correspondence I’ve had says it’s progressing and near completion.
Please take your money so we don’t have to listen to your constant whinging how poor your investment decisions are!
That in itself will probably put 20/30% on the SP. I live in hope you're right.
Unfortunately not got the time but would be nice to hear off anyone who does.
I fully expect all resolutions will go through without a hitch though. Be great if Charlie handed in his notice at the same time mind lol
Somehow cant see it but we live in hope!
This is the major point for me and what the company will build on. The next step for the owner is to decide on the deeper drilling program so if they don't decide to drill then obviously that tells you something. Positive is that we aren't responsible for the costs of drilling which is what I like about the investment.
· Sahara has determined the Xantus Niger permit area to be prospective for lithium-bearing pegmatites
News on Malian lithium asset by end of month so imminent news coming! I can see an update coming from Brandshield/Weshop which could really blow this out of the water. We must be due 9% of the 200m Myshield ICO as we are one of the founder investors so that could be ~$3.6m based on coin being $0.2. With them only doing a private ICO I'm assuming there must be enough interest to raise the funds needed and having sticky private investors could mean a shortage of coins and a significant rerate.
"Two Shields' portfolio of investments is looking stronger than ever before. Performance at our investee companies, including international cyber-security company Brandshield and cutting-edge social e-commerce platform WeShop, is highly encouraging, while we await notification of further results from the Malian lithium assets which we expect before the end of November."
Happy to hold still.
Dear lord we have some positive news which looks to have caught a few people off guard. Can see this moving back up now as we await more lithium results before end of November. I also think we will start to see the real value in Brandhsield(~£2.5m) come out and then see Weshop value shortly after.
Happy to have been picking up cheap shares down here over last few weeks.
Would have thought you would have worked out what the shown bid/asks actually mean by now......... PMSL
Try checking live bid/ask numbers!
I'm not sure where they sit in what's already in place around allowed dilution but presumably they are planning ahead for the next 6 months/year so they have the option for dilution. Unfortunately its a catch 22 for AIM shares but Id rather they had access to this option rather than get caught short later in the year. Hopefully this "High impact news" starts to land in the next few weeks and we start rerating to a sensible level...........
I still think the Myshield ICO could be a big surprise especially if we are due 18m coins at ~$0.2.