Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
IMO there may be a tie up between Forum Energy Services Ltd and Forum Energy Ltd. Maybe someone can enlighten me.
FES Ltd was set up in 2015, for what reason?
Paul Forrrest resigned from the board of Forum Energy Ltd in May last year. Is there still a connection there?
Background Forum Energy Services Ltd, incorporated 2015, mainly Paul Forrest, who resigned from Forum Energy Ltd May last year. AAOG sell off their asset to Zenith, paying off Riverfort, and FES Ltd reverse into AAOG to create a cash shell on AIM.
Now drawdown loans are taken out from Riverfort for shares. Understandable why they didn't want the SP to rise too far.
So what's the Plan?
Reverse into another asset and increase share value? - Obviously they sold that idea to Riverfort.
Live a comfortable lifestyle for 6 months and then do a runner? - Riverfort won't be too happy with a collapsed SP.
Am i missing something here are there other options?
Just has the feel of the usual winter shenanigans. Clive banging the drum in 2018 and 3AB in 2019. I felt this time we might get to an EWT on the deeps, as was said caught in the headlights, I should have known better.
Spot on the price will drift until the EWT starts, the market has no confidence in Clive's announcements. When A5 first started to flow in 2014 the price went up to the mid 20's . In a different place now, won't see that unless we get a good EWT.
This is great news that A5 is stable but as usual Clive provides no continuity between his RNS's. On the 2nd Jan RNS he stated the next priority was commencing the 90 day flow test but 6 days later there is no mention of the flow test commencing. Now obviously they are waiting for the mud to reduce and determining the right choke and flow rate before commencing, but Clive, please give a bit more so we can restore confidence.
Yes Merry Christmas all,
It looks like a nostalgic one at least the sp suggests it. With a production licence I didn't think we would see these prices again.
I'm going to spend the holiday period re-adjusting my portfolio so I can put some more money in here.
I've got a feeling 2020 might be a big year.