Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
With success at the next well (assuming Calvalley deal completes) it will be transformational.
After the failures following TE7 people have almost given up on the chance of more success in Morocco but if the next well is successful this will surely change.
JP etc took a calculated risk with 8/9/10 and it didn’t work. With a more cautious approach it may well have.
People have to remember that TE6 was not expected to be a successful as it was. Maybe revisiting previous wells, as is the plan, can give similar results.
But it goes without saying……another poor result would be hard to come back from 🙈😂.
Other than a deal falling through, surely all the potential bad news (in the short term) is out of the way???
Tax issue sorted, no wells results due, deals theoretically in place. Hopefully the low SP is “the opportunity”.
Have to trust Graham and I imagine it is all beyond his control. However you can’t trust people/groups when they continually miss expected meeting dates and lay blame elsewhere. Hopefully all sorted but it is very poor from “the bank”.
It would be frustrating if an alternative was being considered, particularly if it meant a resetting of the clock for negotiations. Graham seems like a very reliable character but I guess there’s only so much that falls within his control.
Pretty sure the day of the brexit result (mid June 2016) was the day that suggested something was happening at TE-6. The ftse was a sea of red and SOU ended up level or slightly up. It’s been a strange experience with SOU………
Hard to believe we are still waiting for the financing to be completed.
There surely has to be something new to discuss in London next week though…….or it could be a bit awkward. Todays volume doesn’t suggest much though.
I would guess it was because they were quite open about the tax situation and probably want to share a little information with us, whilst retaining a little secrecy.
But who knows.
They were quite confident about the tax issue. But acknowledge it still may go against them.