Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Antha, as the company have made clear that there will be no catalysts here for at least the next 12 months, I wouldn't anticipate a placing. I think this is more about debt restructuring, including asset sell-off. I think the reality is, unless they can sell assets in conjunction with financing debt, the company is done.
Fair play to Helge, he always thought the COS for EV was higher than the operator's estimate. I have to say, the size of the structure is quite exciting!
Thanks to Paul's fine work, we also know that we have two shots at Mugnetind.
I think the technical problems with EV are similar to those with BV. And whilst Helge has intimated that he thinks the applied CoS is greater than 25%, I think we may have to have our big boys pants when the red dot happens.
On the other hand, hold on to your hats for a game changer....
Yes, for some reason, LBE have put more days on the drills than the operators themselves, which is where I'm getting my figures from. Not sure why the discrepancy (though, for example, I thought LBE had put 30 days on Rodhette).
Regards volume, too early to say, as there could be an accumulated sale in the background. Over the past week I'd been mulling on comment by Whirlaw Stones regards a background seller, and last week having gone back over the trades I have to concur. Timely seller that would be.
More generally, the reaction is what I'd expect - most people content to see what the first 3 or 4 wells bring before significantly de-risking.
Good post WS. Without at all meaning to be defensive on the matter, I've not really seen signs of a major seller, but rather some largish PI sells, which is understandable given the price rise over the past few weeks.
Sorry for cluttering up the board, try this https://tinyurl.com/9mazhhrs
Not surprised, the whole thing went to pot when I posted it! It concatenated part of my type!
Attempt 2
https://www.concedo.no/wp-content/uploads/2020/06/Concedo-a%CC%8Arsrapport-2019-opp****.pdf