Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We need to exceed expected production numbers. BoD need to embark on a strategy of mixing the 'low hanging fruits' with those that are higher rewarding. If you dont start doing it now, you never will. Cashflow atm is decent so better to execute sooner rather than later. Being risk averse is a folly.
$90 by may is being touted by some. Dont know how accurate abd credible. However very plausible. Would also be nice to receive an upade on key spuds. Otherwise all good here imo. No worries of placing, funding issues etc. Yes even debt MIGHT be ok. If used to boost boost production or acreage, however would prefer this at higher oil price levels and stronger hedging in place too.
Thanks Tony. Very informative. All 9 points will add value to I3e. No. 4 could be enhanced with a combination of share purchases, in particular from II's looking to offload. That will give the sp stability. I dont know if management can structure a deal with II's i.e. to buyback or agree with new II's to take tranches from those looking to sell.
Point 8 looks very interesting, proof in the pudding will be delivery there.
All in all a very good action plan going forward.
Canetoad, think that a fair chunk of our fall is down to a sell down. Looking at ptal seems to be fairing much better.
Agree tiptop. The worm will turn at some point.
Sell down continues. Explain why oil up and we're down most of the times. Be prepared to tough it out. Could take them ages to offload. Therein lies opportunity as the company is on a sound footing.
https://uk.finance.yahoo.com/news/oil-prices-predictions-for-2023-164454199.html
Surely last of the cheap sub 24p shares atm.
We pushed above the 50 MA on the weekly chart as well being above on the daily chart. Looking good for a push to 30p plus imo.
Agree Bladderman, oil is turning back up. Shortage in US reserves too and OPEC stating they were right to limit production. US will have to reload as well as big surge from China. A case toward $100 is building and those levels I3e should move up strong.
Yes agree Tony, perhaps they need to start targetting some bigger wells. Inaddition, I think this time it maybe a case of under promise and overdeliver? I noted peak production 26,000?
What an update!! I'm eating my words. Thanks to Majid & Co. However still need to tie a few loose ends at NS? Overall fantastic. WTI over $80n will be spectacular. Let's get some PR on this asap please.
Legal, precisely the point. Depends on how much value they ascribe to IAMG and apply that as very relevant to ORR 's remaining share. You can bet your bottom dollar they will want 100% and highly likely take ORR's share imo.
Take a look at this from Augusr 21 RNS:
The Company today reports that it has completed, independently of IAMGOLD, a Mineral Resource Estimate ('MRE') for Faré South that has delivered a maiden JORC-compliant Resource (the 'Resource') of 155,000 oz Au grading 1.26 g/t Au in the Inferred category, based on a 0.3 g/t Au cut off and within a US$1,800/oz pit shell. This Resource sits within a larger JORC-compliant Exploration Target estimate for Faré South of up to 280,000 oz Au grading 1.10 g/t Au[1]. The Mineral Resource and Exploration Target have been compiled for Oriole by an independent consultant, Forge International Limited. Both estimates remain open at depth and along strike.
I think this will be bought out as part of the package. Need to determine value for ORR.
Oil price up, I3E? Point lost in the 100% rise is, should we have fallen this far back and would we have, if a more proactive approach was taken? RH is in charge of the Canadian ops and the team there..what is our team in the UK doing while the heavy lifting is done in Canada. Surely some PR cannot be too much to ask?!
Agree GGH, Jezzo and et al. We're defo into the 19's now. Shambles of a PR job.
Forget commodity prices abd value disconnect etc. Rises in oil etc is paralled by a fall in I3E sp. Seems to be no vision at the helm. There's nothing there to get the market excited absolutley Zilch. No good saying we've got vast unexplored accreage and bringing on sustaining wells. MS needs to target and deliver on some bigger potential producer wells and shout it out from the rooftops, not read some presentation slides in a mundane manner. Confirm the unicorn is dead please!!
Not really Tony, you could have said you were up the creek without even a paddle at one point here!
Ignore obvious typos lol.