Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We`ll know when the news is coming as sp will rise dramatically for a few days beforehand. Aim is that leaky. News could come anytime between now and the end of 2019 beginning of 2020. Its very frustrating as others have said.
the other day I emailed pxog here is the reply
The company had guided production in Q2 from Bainet. It change it guidance to Q3 when it announced the 2017 full year results in June to production due to commence in Q3 2018 subject to final permitting consent”.
Based on reports from the operator, Raffles Energy, the Company is happy with the guidance. The final construction permit was awarded some weeks ago and over half the pipeline is laid. The pipe line (2.2km) ties into the Climautil – Bilca flowline and the gas will flow to the Bilca processing plant. The flowline and plant are also operate by Raffles energy.
Whilst getting delayed on 1 out of 7 pf the tier 2 permits was frustrating in the context of getting a European gas well on to production less than a year is a very short time frame. We have just had the 1st anniversary of announcing the farm in. The well was spudded in November. It is the nature of these project that timelines expand and contract as they proceed.
I think all parties are frustrate but the operator is progressing hard.
Kind regards
Edward Dawson
Have emailed pxog the following questions this morning. I will post a reply if and when I get one
Like many shareholders I am becoming increasingly frustrated at the lack of news about Romania. The board have told us numerous times that the Romania project would be up and running by the end of June and yet here we are approaching the end of August and still no news.
So I would like to ask the following
What is the delay?
Are all ancillary structures in place? so as once permission is granted it will be just a case of hooking up and pumping the gas.
Is all relevant paperwork completed accurately and has it been submitted with no outstanding issues?
When are the Romanian authorities next meeting to discuss authorizing the go ahead for the project?
are they harvesting in Romania as well !!! We should be harvesting cereal good sp news not a drought.
"How long before the bounce back" - I guess when we get the first of the promised value trigger points, soon I hope atb
"The Board and Management is establishing its growth strategy within the context of the expected performance at Cobre and has an exciting, and potentially lucrative, development programme planned which should see the Company in a strengthened position in 2019." Its the last line that kills it, why not put "development programme which has put the company in a strong position" The current line implies we are not currently in a strong position even though cash is coming in regularly and in greater amounts. One day onwards and upwards.
please god no more good news, the sp is taking a hammering with all the positive RNSs we have had. Surely can only be due to shorting to get more shares via the March vwap, we will know sometime in April I guess, hang tight, top up and atb
Agreed, why would Bandy do anything else. The company needs to be liquidated and money returned to shareholders while there is some, rather than a drip fed to Bandys pocket.
to wrap this company up and return cash to the shareholders, or at least no wages for Bandy till we have a money producing asset, it really can`t be that difficult
prob great news coming, you know what aim is like. Doubt it though as GB couldn`t pull his finger out of his **** if he wanted too
would be nice, aiming sub 2:50(did 2:48 2yr ago) and fingers crossed top 10 V50, best of luck to you, 30 days to go, sorry off topic but there ain`t much going on here
maybe GB could donate his salary, he doesn`t deserve it. Will also be running, what time are you going for?
I can see Ted Bundy hasn`t pulled his finger out yet and got us a deal and the sp moving, nice (non)work if you can get it,gla he said with a sigh
shocking day ,but still holding as dont think politicians have a clue how to sort out the mess. Time will tel,gla
any idea? Certainly looks better in the pf. Looking at the top of the page seems to be some massive sells, but dont always believe buy/sell on lse. Cheers gla
worth a look at OEX, DYOR of course
Certainly tough at the moment, markets everywhere. Gla
http://moneymorning.com/2011/10/05/gold-price-conspiracy-uncle-sam-doesnt-want-you-to-know-about/ obviously take with a pinch of salt. We was murdered again today aaaagh
and the gold price down today as well. Still this is short term, hold tight, tin hats gla