Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
To me not quite producing enough to finance the ongoing development strategy , the ramp up in production will help, but that is some time off (3rd quarter min.) I can see another dilution looming, or hopefully more credit facility can be sought, a bumpy ride again, but a lot to digest in the Rns, I'm no expert but just my thoughts of course.
Well great news, in excess of 11000 bopd targeted and achievable by oct/Nov onwards and upwards, lucky something seems to be brewing, maybe the big orders have been exhausted now, hopefully the mms will let the share price settle on its true value. Regards H.
Would anyone know how long the op7 will take to become operational? My guesses around early July, I feel this share will fall back a little until then, my thoughts only, Thankyou goldenboy for the snippet from panmure. Luck yes your right but I think once the terminal is running for a while confidence will return.
Potential, once everything is in place and eland are pumping 20000 bopd plus by the end of the year, cash revenue is king, like with everything in life, patience is the key, yes there maybe 10% dilution, but 210 ish million shares in issue mostly held by institutional bodies isn't really a huge sum. It will move up on news of opuama 7, once that is pumping then onto geb1 I insist you read the company website great knowledge is there.
Not strait away, we have lending facilities in place, the board thought that a direct fund raising would benefit the company so the workovers could be implemented strait away, or get underway,growing bopd rapidly therefore boosting cash revenue in a short timescale, this to me makes perfect sense. The offer was taken up in full, which is great news, when the extra wells are bought on line and the bopd almost doubles, this will create £££££ so that in time other parts of the oil fields can be developed, so much potential within 6 months, but please glance over the last couple of Rns' sand draw your on conclusions, this is just my humble option, hope this helps. Regards.
Seen it before, mms will suck up the sells for a few days, so they can build there reserves, when news come flying in up she will go, hold on to your golden nuggets till then.
Wasn't really that surprised that elland has taken to investors for ££££ I really do think that the company after the frocados issues simply wants to push on and implement a strategy that is around 12 months behind. Given that the improvements and workovers are not going to cost the earth, also will be funded quickly, this will have a transformational effect in revenue, in a very short time frame. I applaud the team for making a bold move, seems the board has been fed up with costly setbacks,my guess is that everything is in place already, as for us normal bods, I reckon plans are well in advance for a few more surprises, cant put my finger on it but time will tell. Lucky thanks for all your facts and figures, the 10% drop will soon recover as buys always seem to exceed sells these day. Good luck all regards H.
Thankyou for your info. It was very useful for me, I for one am staying, been here too long to throw this opportunity away, I am in no position too add to my holding but happy with what I have, until the next update, lots of great news too come the true value of this company is not that far away. Regards H.
Try this link apologies http://www.proactiveinvestors.co.uk/companies/news/178618/eland-oil-gas-s-nigeria-well-restarts-production-178618.html
Click the link, might explain why this news hasn't had too much of a positive spin today, but in time this share will gain momentum I think. http://www.proactiveinvestors.co.uk/companies/rns/170525ela2393g Cheers H.
We need your input / analysis to the Rns, are you able to help yes mere mortals please. Thanks H.
Ok so we have the update confirming bopd is in excess of 11500, everything else is back as it should be, shuttling finishes tomorrow,but could someone please explain in plain language the technical details of figures quoted in the Rns as to me I'm lost !! Probably simple to some,but not me sadly, thanks in advance. H.
Many thanks for the info. Great news,The blue rise is a good one today, very happy here ATM.
Wow, did addax, have similar cpr figures to elland do you know ??
Great Rns, keeping us informed, lets crack on from here,if they can get the other well operational soon happy days, just realised is being piped through now, as before, ifso costs moving the oil will be a great deal cheaper, is that correct fellow investors ?? Cheers H.
Happy to see the news streams, thanks for posting them, confirming it's finally in business, as you had said a steady drift north on anticipation I guess will happen from now. Rns can't be that far behind, Another month and the picture will have cleared to where the potential of this share has. In my view the original investment on startup of the company was a £1 it's got to be north from there in a years time if everything falls in place, so much potential in the next 12/18 months, can't wait.
Yes I have noticed those patterns too, just found this, it would indicate the terminal is in business as the Astro p. Looks like it HAS been loaded, well that's my conclusion from the snippet, thoughts please,cheers H. http://www.channelafrica.co.za/sabc/home/channelafrica/economy/details?id=04c27356-5ac2-4555-b437-0d81a6b911f3&title=Will%20OPEC%20look%20to%20Nigeria%20for%20production%20cuts?
I keep scanning the reports, they must be close now, frustrating as it is, news flow is expected by begining of June, its the old patience thing, although the s.p. Is holding well, no one really giving up any amount of shares, some big buys have gone through since the last update, news on side track must be close too, anyhow good luck all regards H.
My apologies just noticed this was from 2014 doh !!!! Sorry ....... got ahead of myself.
Looks like the terminal is open now http://www.shell.com.ng/media/production-updates/force-majeure-on-exports-from-forcados-terminal-lifted.html