Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
happy to add and very confident in ANGS.
they already at 6 therms, and second compressor (even without sidetrack) will be 12 therms. thats alone is massive.
and condensate is rising at 120bopd. that alone should command around 15m - 20m mcap!!
ignore the noise, as you should wonder why derampers working hard to deramp despite they have no share in here. shouldnt they put more efforts in the shares they are interested in??
actually DKE still have much higher to go - 0.6p so, i would say DKE is the next DKE.
however, for those looking to diversify elsewhere, below will have strong potential very soon:
BIH - similar to DKE, tiny mcap
ANGS - gas production started for UK onshore. down due to short terms traders jumping around, but over time should be going multibag
EOG - too undervalue comparing to EDR and UJO based on their oil production revenue.
despite has risen 200%, mcap still tiny, well below 1m
RTO expected.
happy to continue holding for larger rewards
both EOG and I3E down, but EOG down massively today 40%.
got the feeling EOG will rise up rapidly as their revenue from Wressle alone worth double mcap. now EOG only 12m and yet, EDR which has same % holding in Wressle already at 30m mcap
will also buying I3E tomorrow as revenue increasing here
EOG has loan 1m with UJO, which i believe will be paid back next few days or week, since they are not using them and they actually made saving 5m from the drilling cost (ie they spent less than budgeted since they did not do wireline. they also have other cash from Wressle revenue.
putting that aside, at current mcap i can see EOG will have significant rise next few days after panic sellers gone today. reason being as EOG mcap is way below the equivalent of EDR with the same stake in Wressle (30%) and also below UJO if we prorata the % stake.
EOG mcap only around 12m now.
unfortunate that we hit duster. i lost some too. now am focusing on ANGS which just started gas production and also ORCP with tiny mcap and about to announce massive projects. also has other players i am in as well.
nevertheless, EOG has been oversold and hopefully recover from here
why are we still talking about placing. yes, ANGS may or maynot do, but they wont do that in the near future. logic will tell, if they need cash, they will not be starting to pay off debt. the fact that they are paying debt now, means cashflow is good and all short terms activities are fully funded.
sp will be beyond 10p before any placing is done, if anything to go by.
new director is expert in M&A. i doubt its for ANGS to buy other assets (could be). but more likely to be key person to negotiate when other party (say Shell/BP) wants to do JV or even buy some % of our assets. this will ensure ANGS will get the most value from the assets .
i will take if anybody wants to buy ANGS assets such that we are valued at 10p or higher