Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oil price was poor in H1. They won't make such a loss in H2. You can't just drag those numbers out. In morrocco the also have this well which will modestly boost productivity. They have enough cash to see them through until H1 2024 at which time the cash will be in from Egypt. The key issue for shareholders is how is that cash going to be put to work. Drilling safe tiddlers in morrocco doesn't seem cost effective unless much higher prices are negotiable... still a great many questions - I wonder if they'll do a analysts call we could join?
It's a slightly lower cash figure than I was estimating at 8 million, but no the less, a good chunk. I am looking in detail at these numbers and think that a little belt tightening around the edges might not go amiss. Quarter of a million in professional service fees is outrageous.
You might be correct [that it is the plan for the next campaign] but the fact we're guessing is yet another thing the company could disclose to us. Literally we are joining up huge dots all over the place.
Does anyone know what the terms of the "prepayment" are? Whats the rate being charged and what contingencies are in place for failure? It's all a bit murky.
Fully aware of that fact you keep repeating Maestro, just don't mislead new or potential investors. If it fails and we can't get the cash out, then the business is dead and we all lose everything. Including me.