Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
6th August
Peshkabir - 65k (you’ll see something close to this)
Taq Taq - stable
Bina Bawi - nothing new (would update separately if had something)
Cash - expecting a positive update
M&A - nothing new (separate update if anything)
QD - nothing new
Buy-back - continuation of this if share price is sub 2.20 (imo). No fixed time period this time - which might be better.
For anyone with Interactive Investor, can you let me know if you receive your divi payment. Thanks.
Are people reinvesting into Genl?
Been having some fun with UJO recently, it’s been a nice distraction from Genl. Is this really our new trading range? Let’s hope not.
Bill Higgs seemed bemused during his last interview re the share price, but in all honestly, I think we need some positive news on Bina Bawi before sentiment changes.
Signing commercial terms on the gas will have a huge impact on the strength of the share price. Let’s hope they get this done by year end.
It's a fair comment, JL.
From my perspective, I have a lot of GENL stock and if I get 155, I'll buy more (as that's an obscene bargain), if I don't get it, I'm already heavily loaded so all good. I'm in this until the end of 2020 (or until bought out).
Bill Higgs and co need to be very careful. They don't want to be known as the guys that lost GENL at a bargain price. I have a feeling shareholders would accept a low-ball offer right now, and not one that reflects the true/potential value of the company.
Defies belief really. Boyo.
This is a company clearing about $30m of FFC every month at current production rates and oil price. Production will continually increase over the next 12-18 months. Unloved by the market.
Does anyone have a detailed list of the 2019 drilling program, or know where i can find it? I'll ask our PR guys Andrew if not.
Remaining on track for $600m of liquidity by year end (see p.14 of the year-end results presentation).
Based on a conservative 37k bopd and taking into account all expenditure.
A good day but I think we’ll be higher than 2.32 by YE, don’t you!
My 254 chart prediction is still looking ok – we’ll see. A lot can happen before Friday.