Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I take it back, this will be down 50% by February 2020. Well before year end. Once they realize they will perhaps, maybe get enough from these assets to pay off the loan and nothing more, no development capital, they will have to do a deep discount placing to recap and drill anything on the new leases. Look for a 50% haircut, massive placing and probably another share consolidation in 2020. Where is RICHIEBOY! He can take a victory lap.
They will not get more than US$500k for all of Austin, Zink and Ft Worth Field. This company should basically be valued as a shell. No one in the US asset market will pay more than PDP for these assets. All the other PV-10 is just upside. This share is worth zero.
Have to laugh at old Helpful, so worried that someone wanted to inject capital, replace the board and bring in new assets "on the cheap" and yet that was when the share prices was multiples higher than it is now. He has discerning and keen judgement that one! Sure glad we had none of that ol' Helpful. Is that username intended to be an oxymoron?
oh yeah, by the way the reason they did a loan with warrants. if/when they reset the cap structure they can then take stock at the depressed price to settle the loan. they did not want to put money in for equity at current price, PA is not dumb-he knows they will hit the reset button on this (most likely) and thus the note structure. in the unlikely chance they do not hit the reset button, well they have a shyte load of warrants.
Minimum. This is a total reset. Substantial dilution coming. Most likely a recession which will be bad for spending in the oilfield and thus the service business will become an albatross. Oil prices likely go to $40 before $60.
The good news is that for the first time in its existence (regardless of what they called it at the time), this company is actually a good value.
With circa 110-120 barrels the oil and gas assets are worth at least the market cap.
The service business worth something on top of that and some value attributable to PQE.
Approx. CF break even so they wont have to cannabalize the value to keep the company afloat.
I think Paolo has actually restored credibility to the communications.
This is worth holding.
Anyone considered the relative merits of these two? Own some NTOG for quite sometime, looking to put some bob's to work to recover horrendous losses in ADME (****e, stay away!). On the surface AOGL and NTOG look quite similar, what is the case for AOGL?
Well put Lucky, I fear you are correct. I am in at over 16p a week ago! I fear there is more going on behind the scenes than is being reported. Continue to hear disturbing rumors on multiple issues. Let's hope sanity is restored soon. Otherwise I fear another 50% down from current levels.
Not our fault, ask your CEO what really happened. Then let me know. I was one of the fools who bought in on the last placing. I had reservations about the CEOs fitness to lead this company. Should have listened to my instinct.
Spot on! That is the question that needs to be answered, why is the Sheikh suddenly out? Is the Board hiding something, the causal factor. What is wrong with the company or was there a disagreement between the Sheikh and the Board/CEO? Does Osemede know what he is doing? Is more dilution at these low prices coming?
But I stand by my view, something has to be deeply wrong for the Sheikh to have abruptly changed course with respect to the company the way he did, answers need to be demanded and Osamede has some explaining to do. He is supposed to be the captain of this ship, he needs to demonstrate that he has control. It does not seem that he does given price action the last two days.