Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I see Moers was prominent in the unveiling of Marco Mattiacci who was previously senior at Ferrari as brand and product integration lead. Doesn’t really suggest he is planning to leave imminently. More like he s building a team.
I didn’t think the last Financial results were horrific or great for that matter. They were in line with expectations given the Valkyrie delays which now appear to be resolved. I think the financial position was horrific when stroll took over and he was clear at the time this was never going to be a quick fix.. the bigger question at this point is are we heading in the right direction. Are the sales improving? Invesco appear to think so. I don’t think stroll can be judged yet. It’s too soon. As for the court case I guess it will rise 20% if we win on that basis. Or maybe it will be settled out of court?Who knows?
With the completion of the seismic testing and now the ERT testing program which looks likely to complete sometime in early march things could move quite quickly here. My understanding is that shallow targets will be drilled using a water rig which is reasonably easy to transport certainly compared to a mineral rig. It seems plausible shallow drilling could start as early as April. If they can make a confirmed discovery even if it’s a limited volume compared to the deeper targets I really think it could be a game changer.
I don’t think it’s overpriced at this level because based on last year the price gradually increased to 28p prior to the washout. I think it was way oversold when the price dropped to 6p because it was inevitable that there would be a ‘22 drilling program which may or may not succeed but with inevitable SP increase leading up to the big reveal. It may not increase to 28p this time due to what happened last year but I’m confident it will be in the 20s.
I’m not sure that the type of person who buys a Valkyrie would be in a rush to hit youtube or Facebook with anything. A few might I suppose but I’m not sure the YouTube test is a very good one to determine whether Aston Martin has been exaggerating/fabricating critical delivery information.
Lots of investors sold last August and were quite vocal that they didn’t want to hold for months with the share price drifting. Many expressed the opinion that they may return heading into Q2 ‘22 prior to the drilling program as they were aware of the likely increase in share price based on what had happened in ‘21 prior to the washout. The price may not increase to 28p again with no confirmed discovery but it will surely increase significantly from todays price. I’m not convinced there s been a leak, this may simply be people taking there positions at a great price prior to substantive news that may come before Q2.
I recall Mitchell drilling was appointed for the first drill in late march last year with the seismic still ongoing so with this years seismic due to complete any time now we would appear to be ahead of last years program. I’d rather they took there time with preferred drilling locations and rigs to make sure they get it absolutely right.
Quite right the levelling up policy in china will have impacted sales but there are signs of normalisation returning and hopefully Covid will become less of an issue. But even with the harshest of policies and in the depth of Covid in July DBX sales were reported up 440% compared to the year before. Still low numbers but who knows where the sales would have been without these factors?
I’m not sure Aston Martin can wholly be blamed for the delays in the Valkyrie. It has been delayed several times but it’s disingenuous to lay the blame solely at Aston Martin when during the period in question there has been an underlying issue which has led to every car manufacturer having supply and production issues. I’m more concerned by how good the car actually is and how well it sells once in full production. This was always going to be a long road to profitability which has only been made longer due to factors outside its control. Overall strategy and direction look sensible.
There should be lots happening over the next couple of months. The completion of seismic, confirmation of the provision of an O&G rig and clarification of shallow and deep drills. Perhaps this won’t move the price as much as during spring last year but I’m sure they will have learnt a great deal from both last years drilling and the recent additional testing.
I’m sure many investors knew this being an exploration project was inherently risky and therefore invested what they could afford to hold for a longer period of time. Of course it was hugely disappointing that phase one didn’t establish a commercial discovery but ultimately this was always a possible outcome. Unless you think there is no chance of a discovery next year I wouldn’t sell now as the price will inevitably rise as the new drilling campaign starts. I would think the chances are better next year than this simply based on what they have learnt during the first drill.
I understand that a detailed plan moving forwards may take some time to formulate to benefit from what they have learnt this year, however It would be interesting to get confirmation at this stage whether we intend to continue with Mitchell drilling as per the original plan or use a different company. Either way it would great if we could get confirmation that a suitable rig for deep drills has been sourced even if the drill date isn’t well into the new year.
Difficult to be positive on a day like today but they do know much more than when I first invested some months ago, some of it isn’t good news and some of it is it terms of the underlying geology. I would never have risked my life savings in this but thought it was worth a limited investment. I’m happy to hold into next year now in the hope that what has been learnt this year will lead to much better results in the future rather than sell now at a loss.
This board has always been extremely constructive with at times conflicting views but almost always enlightening. I’ve never looked back at the Salcombe fete and wine tasting days more fondly. Quality contributors. It’s a great shame if members like them leave because of contributors with no real investing interest or intentions.