Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
After a sabbatical away from investing due to major health matters and other personal reasons, I am very encouraged by the progress SYN have made under Roland’s management. Yes I still own shares and yes Roland is still very amiable for discussion when you reach out to him.
In terms of the rhetoric being discussed about institutional investors, he has confirmed that they are working on getting some invested. I suspect the farm in and CCS projects are the major catalysts to that.
Could be a very interesting week next week. Good luck everyone.
https://www.next-chemx.com/wp-content/uploads/2023/02/NCX_8-K_2023_02_15_Clontarf-JV_fin.pdf
iParsnip....I have 3p in sight when GSA signed. And then depending on what Tom updates the market with in terms of strategy and lets say there's an acknowledgement that EME share is up for sale, could see a run to 5-6p.
GSA announcement imminent > FEED study to be commissioned > potential full sale/part sale of EME stake in Duyung ($15-20m) > funds used to drill Topaz. This is by no means a dead end play.
7m buy at 5.05p
Conrad Asia latest presentation (1 Feb) state that the 2C resources (net to them 215 Bcf) deliver them $2.4 bn in revenue . That’s $11.16 per Bcf.
Post tax NPV10 of $442m
EME would net 35 Bcf x $11.16 per Bcf = $390m in revenue.
Post tax NPV10 - $71.7m
Shares in issue - 788m that equates to a share price of 9p.
Seriously under valued and all for just 1.25p!!!
Market might wake up when GSA signed.
https://yourir.info/resources/3f46e16f9e883e80/announcements/crd.asx/6A1134506/CRD_Investor_Presentation_February_2023.pdf
‘Gas sales agreement (GSA) slated to be completed by end of Q1 CY2023 with a tripartite engagement among Conrad, a Singapore gas buyer, and SKK Migas (the Indonesian regulator.)’
There is only one buyer now in play and Tom Kelly has confirmed to me that negotiations are nearly completed.
GSA agreement could land anytime this quarter as per the recent Conrad RNS. This will be the catalyst for EME to hopefully start to appreciate some increased value. The Mako project is incredibly significant for Indonesia and upon the GSA being ratified I can see some more corporate transactions with the licence. We may even see EME relinquish their share for a cash consideration.
The company is laser focused on drilling Topaz, which is a world class opportunity.
Any sniff of news and we won’t be at these prices anymore.
Is the scale of PRD’s opportunity now starting to sink in? Widening and deeper!! 3 separate sand seal intervals.
The size of this prize is unquantifiable at present, other than the CPR numbers, but I would suggest it’s very large, very large indeed.
The audience tomorrow I suspect will mainly be private investors. The company will have known this when agreeing to do the Sunday Roast podcast this weekend.
It begs the question why do two interviews so close together to practically the same audience to say the same thing?
Are we in for some unexpected update? Let’s see …
MEM…. I think you have taken the opportunity to add some serious poetic licence to GRH’s post which really is not in the best spirit for perhaps what it was intended. GRH has done extensive research and shared many hours of this but it’s wrong to twist matters.
I genuinely believe from my own research that we have a multiple TCF opportunity but this still needs much more verification and I am more than pleased with how the company are trying to address this.
Caterham …. Once again thank you for your very well informed and factual post. It makes so much better reading than the dross posted here today. I’m just seeing a see of green on my monitor today!
I keep asking myself the question why would PG put himself in the firing line with investors in 5 days time if he wasn’t confident of relaying positive news? Makes no sense.
So have we as some other posters suggested encountered a new structure above the existing fan? If so is this going to increase our numbers?
Invite already sent from Flagstaff for Investor meeting next week. Accepted. Opportunity to submit questions in advance.
Now in my humble opinion you are not going to attend that meeting as PG unless you were confident of the plans going forward. May even have recommenced drilling to TD by then and able to discuss and share more definitive results.
I like this PR approach, very open and transparent and to detail the logs drilled to date is showing they’ve nothing to hide.
Well done Paul & Lonny.
Now why hold an Investor presentation whilst still drilling? Confidence in result?
Market has not fully understood todays announcement. MOU-2 is still in play and sensible prudent drill management is being exercised. That speaks volumes in terms of the professionalism of the board and drill team.
Zebra....can I suggest directing that to Flagstaff or indeed the company direct. I did to Flagstaff but only got this reply :
"Hi
Many thanks for your enquiry. We will update all investors as when appropriate.
Best"
Flagstaff email - tim@flagstaffcomms.com