Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I read the report T but it sounds like they are still as confused as ever. Clearly there is a heavy 'green ' agenda here but without anything to back it up. They mention energy security, so hopefully someone there has got at least one brain cell in his or her head. They are taking a massive risk pushing this COP agenda as it could backfire when the electorate are struggling to pay their bills. Let's wait and see.
With retail gas prices at current levels and likely to stay that way for some time, the tax revenues alone are very attractive. Meanwhile DECC still dither along working out how many more windmills they need. Very sad. Hopefully Moroccan government are the opposite and can show them the way.
Unfortunately when faced with the likes of Ryan and his green buddies, they would rather bring a country to its knees to drive this foolish Paris carbon neutral agenda.
Hydrocarbons should be replaced slowly by nuclear power. There is room for renewables but not this their way.
We must not forget that if the placing was not done for the Serenity appraisal drill (and assuming this is successful to endorse full commerciality of the field) we would be a one trick pony with Wressle. The risks are too high solely depending on one asset despite its tremendous performance since the proppant squeeze. If/when the Irish come to their senses and a farm in partnership for Morocco is found there are potentially 4 assets. The SP if that happens will be multiples from here but there are still too many ifs at present.
It's the recent placing that is holding the so back to current levels. Before Serenity we were heading towards 4p+. The share dilution keeps us where we are. A positive outcome for the serenity drill is required to justify the placing. The other things on the horizon i.e. Morocco, Ireland are still only that ATM so little or no impact on sp. So fingers crossed for Serenity.
Yup, things really coming together at Wressle. I can't see them having any issues with permission for the pipeline as it is a win-win for the environment and production. With updates on this and the Serenity drill it's ludicrous for anyone to suggest sub 2p.
Purp, you have a good point. It's time for the BOD of TOM to come forward and take a lead. Unfortunately they just look like the two guys in the stalls in the Muppets being led down the garden path by Valkor etc... I've sold 50% of my holding in TOM now in case I am halve right or wrong. I think Europa oil and gas have better chance of doubling it's so in next month than TOM does.