Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
'The option price as determined by the independent valuer was based on data which was current as at 15 December 2021 following the principles
set out in the JVA. Work to support the development of the Feasibility Study is ongoing and is expected to be completed in the December 2022
quarter.'
Reamonn except GGP don't own 100% of the project.
Agree petrotal have been brilliant. Just need all these clowns to stop disrupting and actually start working.
Sorry If it's a stupid question but are feconat and PAAE-PAAP the same?
Why only focus on Feconat?
Agree about Brazil. Ramp up and keep ramping up. Can't rely on ONP and peru govt.
Calm down BBB. Anyone on here is entitled to share information. I have shared good and bad news and first bought in to ptal a few years ago.
The Facebook posts are actually quite useful as was the case during the last shut down too.
Sturm the article you refer to is not the same. That is from last week I believe. The new threat is for 20 July.
1 . 3 TOWNS AFFECTED BY Extractive Activities 9090000 FECONAT 5 PRONOUNCEMENT OF THE AMAZON STRIKE AND TOTAL CLOSURE OF OIL ACTIVITY We pronounce ourselves before the I Executive Power , Legislative Power , government levels , National Police , Armed Forces , Public Prosecutor 's Office , media , organizations trade unions , political groups , business associations , civil society and public opinion in general the following : 2 The people 's assembly has decided to reinitiate DEFENSE AND TERRITORIAL CONTROL MEASURES , meaning AMAZON STRIKE AND TOTAL CLOSURE OF OIL ACTIVITY , as of 20 July 2022. Therefore, we urge the state to . guarantee the constitutional right to social protest. The Federations , and Native Communities , Affected by Oil Activity for more than 50 years of oil contamination . exclusion and marginalization. For more than 20 years of constant struggle to demand justice , they have been proposing alternative solutions to the different governments that succeeded , the result was death , torture , criminal , judicial and political persecution . The state used a conflict resolution mechanism with the strategy of stigmatizing indigenous institutions and their agenda, promoting . hate and racism. What this means is to delegitimize the process of claiming rights by adducing and distorting the agenda, which is false and, therefore, the federations and the leaders are a criminal gang and blackmailers. Time proved us right , all Loretans know how they treat our region and particularly the indigenous peoples . Once again , we are excluded and marginalized in the face of the implementation of the rights proposed by the peoples , oil activity should not be promoted , without participation of the towns.
Why is everyone suddenly making a big deal about warrants and spouting random lower share prices. If you want in simply state what you are looking to buy at.
Eight capital are the guys who released a high price target then proceeded with a dirty placing?
Don't get me wrong great potential but the shambles of the placing has knocked the wind out of the share price, for now.
See where we are at in 3 - 6 months.
The loss is q1 has nothing to do with the capex wells. Poor hedging doesn't help.
But Q1 1.9m Loss with cash down to 6.5m. Current liabilities also greater than current assets by 5m.
Hi Pepsi3. You could be correct. Deal needs signing and balance still needs raising. Hopefully via bank funding although nothing appears to be ruled out with JA saying they ' are also keeping an open mind on other financing alternatives'. What could the alternatives be? Placing, loan notes, CLN? Once all funding secured and rig booked surely this should take off then.
Cracking RNS. Can't believe the price I got this morning :)
Look at EBITDA and cash build.
They also that they 'intend to return up to US$100 million of cash to shareholders over the next 12 months. This will be in the form of higher ordinary dividends, share buybacks and/or tender offers, starting with the recommended final 2021 dividend starting today.'
'The Group will need to complete its agreed farm-out and/or another asset-level transaction within the coming months, or otherwise raise further funds, in order to meet its liabilities as they fall due, particularly with respect to the forthcoming drilling programme in Cameroon.'
What are peoples prediction? Placing to come, debt funding or a mix?
Where does this $80 net backs figure come from? Todays update suggests nowhere in this region. Why very little profitability in update too?
Current performance v market cap doesn't marry up.
Need new wells to come in.
Hedging strategy results in large derivative liability and underlying loss.