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Shell will play hard ball irrespective but a good recent yardstick is Corallian received, from Shell, £50m for 189bcf. That equates to just shy of $1 per boe.
Even on that low price our 2.7tcf recoverable would see circa £750m ( approx ). Think we could hold out for a bit more.
atb.
0.2p is still a crazy low price, even Dunrobin could see a rise of double that, this low price allows PI's to accumulate very high numbers for not so high funds.
I hold 81m and the facts are for every 0.1p rise ( one tenth of a penny ) I gain £81k every time, CDF1 you gain £36k for every 0.1p rise, as you know.
Those are facts, plain & simple, an awful lot of people, not just you and me, will hopefully make life changing amounts.
atb.
dougb, excellent post, this is what happened to GGP ( Greatland Gold ), as a minnow with massive gold grade finds they 'gave away' 70% to Newcrest in order that they bore all the mining costs, developments, utilising their infrastucture etc. GGP could not have gone it alone and it was an excellent deal, made many small PI investors millionaires overnight, myself included.
It can and does happen.
atb.
Whilst not certain if a one off special dividend is offered that alone could be substantial for the bigger holders and will most likely prevent an immediate sell off on news of it if its a couple of months down the line before issue. Quite possibly we could have our cake and eat it. Apart from Rob who we know is holding 300m ( ish ) be interesting to know who is holding how many shares.
atb.
Grill79, more than happy to corrected on dividends not taxed within ISA, knew there was no CGT on ISA's but thought Rishi had stated recently that dividends would be subject to tax irrespective of being in an ISA or not.
Very Happy if that's the case and apologies CDF1.
Agreed, but might be worth considering, before hitting the sell button, if we, as some have suggested, could be in line for a one - off Special Dividend. If circa £300m - £500m hits the coffers then I think it is highly likely that the BOD will want to return a decent % back to shareholders, anything from 25% - 40% is possible, so could see 0.5p - 1p a share returned.
A big return for those holding a significant amount, even with tax deducted you could see a windfall of £100k+ on dividend alone with 36m. As you say feet on the ground and nothing guaranteed but it doesn't hurt to dream.
Addison, regarding the twitter post, with shares in issue, every £189m is needed for every 1p in sp. As a yardstick Corallian sold 189bcf ( 33mbbl ) to Shell for £32m so it went for nearly £1 per barrel, I remember, as an RBD holder, that investors were fuming to sell it so cheaply but my point here it gives a recent price deal to gauge it by.
We could end up with circa 598 mbbl net to BOIL if the 5.56tcf ( 3.89tcf recoverable ) is confirmed by ERCE.
Andy did state 'for the right price' so its a question of the negotiations but even £1 per barrel would see an sp of 3p ish, every 10p a barrel higher than £1 sees an uplift in sp of 0.3p.
It's all ifs and buts, however, if ERCE's CPR comes in close to BOIL's expectations we could see a few pence provided Andy can negotiate a 'fair' price, may even get a 1 off special dividend.
atb.
RKB your last paragraph echoes my recent thinking, its possible to sell just 2 shares to remove the TR1 status which as you state could be construed as to losing faith / not being as committed as you were before.
I have many thoughts as to where QBT could be heading with some paradoxes I might add. As silly as it sounds I do wonder if total supremacy / game over as a result of Quantum processing success would be a good thing with regards to supply & demand. i.e if no one else has any chance of obtaining bitcoins via mining do they become worthless in as much that we could have a lot of what no one else is interested in because they cannot attain them. If there is no demand whats the point of supply. I haven't explained it very well but I believe having a share of the pie or at least holding the knife is the better option.
Other thoughts are could , for example, a further 1 million bitcoins be added by the creator once all 23m have been mined? It keeps me happy and intersperses my senior moments.
atb.
Addison, what stands out for me is the statement from FG in how easy it will be to use our current progress to mine these Altcoins at no extra costs etc. He states it in a matter of fact way as though its no big deal and a given to achieve with such confidence that I suspect we have more or less cracked the algorithm needed to mine all the crypto coins, just need to see the speeds which as you stated a few days ago the 30% increase in speed could be enhanced with super cooling.
atb.
RhHh, I am holding long term, several years, I have a decent holding but I believe RKB is knocking on the door of a TR1 (3%) which would be 29.94m ( ish ), I have 23m and my son & daughter have nearly 4m.
I could add but I am happy with that at the moment, quite possibly that may be it.
atb.