Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Too much focus on the swings in the oil price here which will affect the sp by a couple of p. (Unless there's a dramatic move due to a major war or something.)
I guess the short term trading until then is also causing the ups and downs.
What really matters is whether they can get into production without any hitches and then whether it's sustainable.
We'll probably know as we get into May and beyond when the operating environment improves.
FOIL was always destined for Q1 and then sort of moved to H1.
All the while operating costs are racking up and the £ is declining.
The spread is too tight to call a buy/sell accurately.
Also think there's a flurry of buying 'cos of the latest hype.
We still haven't got the extraction equipemnt in place. Any probs and we tank.
Vod's P/E (if at all meaningful) is about the FTSE average. BT is has P/E of only 10 and yield nearly 7%.
On the face of it, BT is a more sensible investment.
I imagine post people on the VOD board are those like me that have lost heavily and didn't get out belieiving it MUST turn a corner - which it didn't...
Enq producing 5x what HUR maybe set to produce (initially) it doesn't make sense that Enq=20p and HUR=45p.
Except of course hype plus the debt situation being rather higher with Enq.
If I didn't think a further investment on my part wouldn't drive the sp down again I'd top up again.
The smaller oilies have casono-type sp's all around what the market is able to fool people into paying (like tulip bulbs), but you'd think the likes of Enq would have a more real valuation.
The problem with all these things is that so many people are not privy to and even if they were would not understand the facts. So positions are not emperically based. Just imagine if the world of engineering was populated with such people.
If vessels are the only means of take-off then in effect this can be said to be production volumes. Obviously.
It's all about potential flow rates. How good it is to state the obvious I always think, thus helping PIs in their potential prosperity.
One thing that's always puzzled me though: we don't get hurricanes in the N Sea.
Yep.
We're 50% down in 9 months or so. Is that all about Brexit and advertising or could there be an element of positioning it for a takeover? Liberty G,Netflix,Amazon? No no - how about Vodafone?! After all why not run up another 5bn+ of debt for Vod shareholders....
A rise of 50% means low 30s not 40s innit.
People will keep taking profits but hope the rise can be sustained. Impossible to value but suspect ENQ is in fact undervalued at present. Shoudl have topped up last week but that'd be the kiss of death.