Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Someday wou will be in my shoes, you will watch the fundamentals of a business you own eroded it won't be so fun you for you. I don't care what is your average we call all still be hurt by Les. Keep being a shill for Les and you might come to resent your choice some day.
I have not closely followed Chrysaor and Premier Oil, but the perception I have it's that PMO has mortgaged their future for a short term sense of security. As far as I know there are no plans for Tullow to merge with any other company so it has nothing to do and your "serious" question is out of order.
But don't put nor me not Tullow in the same basket as you.
(Apologize for being mean but you shouldn't lie and say we didn't have a choice, you always have a choice we could have burnt the whole damn thing rather than give it to the french for the bare minimum!)
I would rather be rich than be right. Yet I was right and not richer.
You should and couldhave WAITED before selling Uganda just imagine all the more money we would, could & should have made.
Geez I am disapointed with Tullow's shareholders. Can't believe you were all willingly mislead and led astray by Les Wood. So pitiful and shameful. Hope you all learnt the lesson and kick out Les.
The remaining 7 millions of initial cash consideration? Is working capital (subject to customary working capital) that has been pulled out of the business and will have to put now in Ponoro. The transaction is value accretive and we didn't want to be in, in the first place, but we would have lost a few millions if we hadn't excersiced our back-in right.
Uganda is already a producing asset (production neeeeds to be ramped up), I don't know the precise details about the contigent payments but we should be getting some payments.
In 2011 oil price went through the roof. 4 years of the same old policies and a bit of luck (oil union strikes, sabotaged pipelines, some war) and oil prices will skyrocket again!
(Noticed the Neatherlands fines on Shell oil? Or AOC's Green New Deal? Alaska oil production is also taking a hit. With less oil investments oil could go up in a relatively short period of time)