Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have many concerns about a 1,000:1 consolidation. At current price levels we would be converting to £55.00 shares, which I suppose is not unheard of, but we have all been hoping for £1 valuations for our existing shares which after consolidation would be £1,000.00 shares. I can't imagine that ever happening as we would become untradeable.
If AM is serious about a 1,000:1 consolidation, he must be expecting some serious dilution. I really really hope that I am wrong. Some reassuring responses would be nice.
According to the RNS, the total number of shares after the 113m is still 277m and so to me, these shares were already in the mix. Aren't they just issuing the shares that were already penciled in to be issued?
Like most others here, I am at a loss with the current SP and have been trying to come up with possible reasons. Could it be that MMs have been given a massive buy order from a Director or Institute at a low price which it wants to fill and knows that if they keep dropping the price it will attract sellers so that they can fill the order. The MM will know that once CUDA or RS are released they will no longer be able to attract low level sellers hence why every now again they drop the SP a bit more than ususal like today. Is this a possibility or am I just clutching at straws? Thanks
I have tried looking up what "Stricken - vacated" means and it is confusing. I understand that there will not be a hearing but it is confusing as to whether the case is automatically approved or thrown out (ie not approved) ???
Based upon an earlier statement by AM, he is now allowed to purchase shares again and he stated that he wanted to buy more. It will be interesting to see if he stands by his comments, especially at this lower price.
Thanks Bridgedogg. So, during 2022 we sell the first 384,187 barrels at the hedge price of $56.58 and then at the current market price thereafter. Is the note in the Prospectus trying to say that it is calculated on a daily basis? i.e the first 1,052 barrels each day are sold @ $56.58. Thanks
I can see p163 - that's where I got the $56.58 from. I was just trying to understand how it works with a much higher price now. If we can only sell at $56.58, then we do not benefit for the high current price and a restricted selling price could be partly blamed for the low SP. The hedge price goes down beyond 2022 to $52.87. Presumably, we cannot get out of the Hedge price?
Can somebody please explain the Oil Hedge to me. According to the Prospectus the Oil Hedge for 2022 is $56.58. Does this mean that all of COPL's oil is sold at that price or is this the minimum price? If it is fixed at that price, obviously we are not benefitting from the current high price per barrel. TIA
I have been asking myself "Why issue the Options now?" and the only reason that I can think of is that AM thinks that the SP is about to increase (significantly) and this is the last chance to issue them at this price.
Tilburn..... do you think that Q3 results are actually going to be good, when AM said in the interview that production has peaked at 2700 bpd in August? Whilst I agree that there is massive potential here and production will increase significantly next year, Q3 may not be what the market is hoping for.
Tilburn..... do you think that Q3 results are actually going to be good, when AM said in the interview that production has peaked at 2700 bpd in August? Whilst I agree that there is massive potential here and production will increase significantly next year, Q3 may not be what the market is hoping for.