Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Donks when you revert to type with your incessant doom mongering you lose all objectivity and any valid points you may have had evaporate.
A superb succinct summation dcat.
That's about 4 chartists now that have earmarked 4p (including me) and using differing means of technical analysis so good cross confirmation of where this could go given the right news.
Regards data room, I honestly don't know but I think at least one director has stated an intent to buy when able to. They will be advised by their Nomad when they are allowed to it won't be down to the managements own judgement.
They've only just made the application to commercialise this latest well, how long that process takes is anyone's guess but I reckon it will be less than six weeks. Plus they will do further testing, the grant of permission to get this well into production will be classed as price sensitive as potentially could further testing results.
Besides the drilling Q2 has been advised as the period for the Hibiscus payment, I doubt UOG know the exact date when this will fall.
Further we don't know if they will be announcing any other news wrt Italy, UK or Jamaica.
Closed period due to constant drilling and results. They most likely will buy when they don't have more good news to announce within the period the rules specify.
https://www.thetimes.co.uk/article/united-oil-boss-brian-larkin-is-the-man-with-the-golden-gas-fields-l6jqn0nhd
Needs a subscription to read the whole article
The shareprice went up on Friday
Thanks chaps some interesting points both ways to consider. I guess the company will run all the figures and come up with the optimal outcome for the company and it's shareholders whatever that might be. They'll have a good handle on all the costs versus benefits etc. I trust them to make the right decision. I'm just really happy to be part of something that could be life changing for many.
Thanks chaps some interesting points both ways to consider. I guess the company will run all the figures and come up with the optimal outcome for the company and it's shareholders whatever that might be. They'll have a good handle on all the costs versus benefits etc. I trust them to make the right decision. I'm just really happy to be part of something that could be life changing for many.
I personally loved this interview it really sounded extremely positive to me. I can't make up my mind which route they should take. If they go down the self funded route, $10 million is a cinch and might mean we can just get a loan and avoid any dilution, it would also mean we get value achieved sooner with some still very good economics. The alternative is to JV, give up some of our equity but for even better economics but a bit longer to wait.
For me it hinges on one thing. If we go down the first route, with the cash we'd be bringing in how long would it be before we could fund the titanium / vanadium mining and processing ourselves? If we could fund 100% ourselves within say a year of commencing mining and not have to give up any equity I would favour that route. I don't know what it would cost us to mine and treat the titanium to make the titanium powder that is valuable so it's hard to tell how long it might take to raise the requisite funds. If it is very expensive and would take us years of production then I would favour the JV route as long as we don't have to give up too much. Interested to hear what others think and if anyone can illuminate wrt the CAPEX required for the second option.
I would just add that during most of that time Copper was at very low prices, as soon as Copper prices started to pick up we had the offer. Fortunately as prices have continued to rise that has now fallen through, with Copper taking out all time highs and predicted to possibly go to $15,000 over the next couple of years I've a feeling that it won't be anywhere near as hard to find someone willing to take Mankayan off our hands. First we need to get the licence extended though.
Jim Paterson at a uranium conference
https://twitter.com/ValoreMetals/status/1388104626986172418?s=19
The figures they came out with for 2020 were average figures so will include downtime.
Aye MM there's no doubting the massive potential here, could literally be life changing for investors if everything falls into place.
https://twitter.com/UKInvestorMAG/status/1388084541684846596?s=19
Sorry for the repetition MM if lse would get their act together this wouldn't keep happening. I refreshed on tlou thread and nothing as soon as I post your post then appeared. Feel sorry for anyone that actually pays for a subscription to this site!
https://twitter.com/TlouEnergy/status/1388041085281349633?s=19
https://twitter.com/duediligenceguy/status/1387918458747301888?s=19