Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A very good summary of my current thoughts, I don't where these sells are coming from someone's obviously still unloading and the previous buyer who kept it in the 22.5-23 range has now gone. Why isn't the BOD spreading more awareness and why are we still valued so low? Only explanation I can come to is lack of interest from investors and my conspiracy theory of someone wanting the company on the cheap, we shall see what happens...
I am Sam but I was holding before the drop but recouperating some losses, if anyone could answer my trade question below that would be great as I seem to have missed the boat on topping up after the RNS.
Can anyone answer ... I tried to top up on my phone but went to NT so did market best order at 4.27 with no limits will it get filled after hours or did I only have a 3 min window?
Great news though topped up this morning at 14p luckily but tried again once I saw the RNS!
Alexios yes that's plain to see what BBN was asking was whether that section was predicted to be fully saturated with oil, but yes 20ft vs 70/80 is still a downgrade but may mean the peak is just a little bit further east or west than previously thought, talking 100-200m really not that much but would find that peak of 70/80 ft of upper captain sands.
Traderfoocus I think you need to read the latest Liberator presentation and see that A2 was targeting the upper Captain Sands which are ABOVE the OWC as seen on page 6. As you can see the OWC is indicated by the red line across the captain sands which shows that they were expecting to hit the peak (by the looks of the diagram around 80ft of the upper captain sand) but it seems they missed the peak however still found a section of 20ft. This cannot be defined as a duster and just means they haven't hit the optimum spot as hoped. We await more info from the company on porosity etc.
This may mean that production wells should be remapped again after the 4th drill to try and find that optimum peaks that they have been searching for. What is clear is that it is not the doom and gloom situation that you suggest, however you are right in that it still means their mapping and modelling is 100% accurate but to infer it is "effectively a duster" is bull ****.
https://i3.energy/wp-content/uploads/2019/10/20191029-i3-LIBERATOR-UPDATE-vF.pdf
My honest opinion is I think it’s too early to know the drill result. I think someone’s taken advantage of investor’s nervousness, stop losses and I also think LO haven’t finished selling as we haven’t had a TR1 yet for crossing 3%. All the best.
Big delayed trade popped up I think what's happening is the 22.5 and 22.55 trades are being sold for another to pick them up at 22.6/65. Hence no change in the bid. Yet for a PI to buy is 22.7 go figure ....
I tend to agree with you Shakey. I may just be looking for something that isn't there but all the 22.5 and 22.55 block sells amount to 739,376 and all the 22.65 trades amount to 553,745 plus the multiple repeated 21717 and 21925 trades of 22.75p = 174,152 + 553,745 = 727,897.
So could be 739,376 sells vs 727,897 buys maybe there is a change of ownership of shares from one big player to another hence why the bid hasn't changed. But for a PI I haven't been able to get a sell quote any lower than 22.65 this morning which is strange and most buy quotes have been 22.75. All hypothetical with not much evidence.
I'm guessing you got the shares at 22.75 Southmead? Someone is offloading loads at 22.5/22.6.
As daft and shakey have said by Q1 SD revenue will replace NW Gemsa, but the real boost in production and reserves will be the exploration in SD and Morrocco as well as customers ramping up demand in Morocco. Morocco we need more demand and more gas to supply future demand, whereas SD we just need more gas and additions to the CPF as the demand is already there.