Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
According to analysis by Alpha Spread below are their price estimates under each scenario.
Worst case....9.48 pence
Base case.....13.33 pence
Best case......22.13 pence
Current price trading @ 81% discount to Best case
and 69% discount to Base Case valuation.
With production cuts looming, Oil forecasts revised higher to $95 / barrel or higher. Heron valuation should be revised higher from $70 to $95 accordingly.
Gazelle-1 discovery in Block XX still to be followed up once Heron Oil production comes online.
The most important petroliferous basins in China include Tarim, Junggar, Turpan, Qaidam, Ordos, Songliao, Bohai Bay, Erlian, Sichuan, North Tibet, South Huabei and Jianghan basins.
Mongolia - The next frontier with untapped potential Billions of barrels of Oil still to be found just like above Chinese proven Oil basins.
Added few more just now @ 4.22
But now can only buy £100 worth....WTF
Have MMs been filling a big Buy order since yesterday? Look out for any late reported trades after close today or Monday as they can delay publishing trades by upto 2 days.
New Blocks next to proven & producing Chinese basins and Oil fields adds a NEW dimension.
Chinese basins with close to 40 Billion barrels combined clearly suggests there are Billions more barrels on Mongolian side which has been largely unexplored since Soviet days.
For the 2 NEW blocks Petro Matad picking up, they could either go alone from Heron production revenues OR as a JV partner with Petrochina or a different foreign Oil conglomerate looking to enter Mongolia, KNOC or Malaysian Oil Major etc.
Price is not going to stay low around 4p forever. That is for sure. Excellent entry price this...you can decide on your Exit price.
Agree. Phased ramp up of Heron Oil field from costs to DQE being paid from Heron production Revenues gives a more stable and solid arrangement for both DQE and MATD.
Good to see Local Govt and Central on the same page now despite past shenanigans with LP. This is needed for Mongolia's Industrialisation and Urbanisation same way China rose to becoming the Economic power it has become today. Mongolia would be looking to follow China script with the help of Chinese Conglomerates and Foreign Direct Investment.
As Carpenters song..."We Only Just Begun"...
Nobody in their right mind would short this especially at this stage with news updates due. We all know how fast this moves with multiple intra-day auctions we used to get when this ran up from 4p to 35p in just 4-6 weeks in 2017.
Each to their own...
All at 4.14 pence are buys.
MMs putting them through just below 4.15 mid price. MMs in collecting mode. Watch them take it higher later once they collected enough shares.
Time to add / Accumulate...we about to shift gears
We have 2 TVR RNS recently.
I reckon TR1 is due...
Reckon we could have a crack at 5p tomorrow. Been gaining bit of traction last few days.
In my opinion this would be heading straight to 15p or higher after LP officially is in the bag.
Too much risk to be sitting on the fence at the moment and missing out on a quick re-rate which has been brewing. 😁
ASX: AZS
ASX listed Azure Minerals jumped from 0.26 cents to 427 cents (AUD $4.27) touching circa A$2 billion MCap at peak in just a year on the back of their Lithium discovery.
What a difference ONE year makes.
There is a strong possibility of KOD being Bought out by the Chinese mining giant for Bougouni & Gold assets in my opinion.
Should break past 0.40 this week ahead of news & updates.
Rose to 0.86 back in April 2023 before Hainan funding deal was done.
Now with the +$100m Hainan funding deal completed and Bougouni Lithium project underway, this can easily surpass +1p very quickly en route to +5p plus.
Then add on upside from all Gold projects and this could become prime Take Over candidate around Double digits territory. IMO
Yep. Think we are due updates on multiple fronts. Keeping this for few years as Wishbone sitting on some very lucrative HOT real estate in Pilbara Western Australia near new & past discoveries.
Wishbone would be a totally different beast over next 2 years in my view. Patience needed for value to shine through. Potential 20-25 bagger IMO.
This is just way OVERSOLD.
KOD all cashed up with Chinese Major on board driving the Lithium project.
Update on Gold projects also due.
Potential 10-15 bagger or more. Just need patience for True value to shine through.
Shocked that this is still trading below 0.50 !!
Good time to accumulate here while still cheap.
5 Jan 2024 Holding RNS
Looks like Atlas Capital increased their COPL holding to circa 19.2% now.
Think 0.50 offer price would be below Asset value. Has got to be lot higher than 0.50
This has dropped from 1.78 pence on 13 Dec 2023
Warrants conversion price revised to 2.6 pence.
Shocked that KOD has dropped from 0.70 on 1 Nov 2023 to current price of 0.34
With all the cash now. Update must be due soon