Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm in this just as much as you are Sharebel and seen this many times before. Just giving it to you as I see it at the moment. I still believe some guy(s) with a large amount of shares have put in their sell limits in and gradually they are being filled, either way they are quids in. I am sure this will move again but at the moment someone is dumping a large number thus the delayed sells. We'll know soon enough when they have stopped. Then the fun starts all over!
Still offloading happening unfortunately (delayed sells popping up - but not as large as yesterday), until this has ceased I think we won't see a lot of movement, that's not to say it won't happen but it may not be soon unless our 3m buyer decides to get back in again.
Yeah but 'Shares in issue but not in public hands' we would more likely know about these movements as they are held by directors etc.
Issued share capital 72,512,317 100%
Shares in issue but not in public hands 40,874,643 56.4%
Capital structure
Last updated 21 September 2023
LSE AIM ticker ORCA
Capital Structure Number of Shares Percentage
Issued share capital 72,512,317 100%
Shares in issue but not in public hands 40,874,643 56.4%
Free float 31,637,674 43.6%
Directors and Significant shareholders Number of Shares Percentage
Stephen Brown and his wife, Julia Cane-Honeysett 29,164,683 40.2%
RAB Capital Holdings Ltd and connected parties 7,745,000 10.7%
Greg Harding 6,271,680 8.6%
Alan Hume 3,544,960 4.9%
Joe Darby 420,000 0.6%Free float 31,637,674 43.6%
Stephan was careful not say who the partner was but as you say the technique is well proven. I think it will take many months before we see this hits their bottom line, so it's long term but you may enjoy the ride between now and then - I have! Money won't be an issue with Shell being their 'friendly' banker. If you like this sort of company SYN are far more advanced in terms of proving their potential, flow rates and farm out partner expected much sooner - one to have a dabble on!
Newish to this one but I thought I would enjoy the ride, but having listened to the investor presentation I understand that this is all about employing a new technique to get the 'viscous' oil to the surface commercially. There is masses of oil (and gas) but because of its nature, hasn't been exploited but Chevron have proven that using this polymer technique it can be done. So as a long term investment it's a no brainer which didn't suit my motives for buying these yesterday and today! I expect there will be a lot of volatility to come but company's valuation is peanuts currently to what it will be worth.
Nice update on Twitter:
https://twitter.com/Synergiaenergy
Looks like things are happening!