Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'll go for 3tcf. People thought we would be starting drilling this month, I thought possibly the second month of 2024 but am now starting to think we will be in Q2 2024 before we get the drilling started. The Tanzanians don't help themselves by dragging their feet. I've learned this from past experience it's not what the Tanzanians say it 's what they do that really counts and like a few posters have said on here(also proved by experience here) the longer there is no news we see a corresponding drift down in price. There is talk of significant progress on all fronts but that's just talk would be great to see some action.
Atb,
Northern
You can have your opinion Setanta1 I'll stick with mine. I'm happy to wait and see on this one. If people want to shares that's up to them - that's what a market is all about. One thing I do agree with you on is news soon would be useful but I cannot see them pulling anything out of the hat any time soon. I'm happy to wait others might not be so patient but that is up to them
Atb,
Northern
The road. The company have a great resource and 100% of it. They have non-op assets to reduce the debt.
The concern I always had is the fact that if they are a bit capital constrained and they don't want to take on too much debt then things will take longer than anticipated. Maybe that's why others have sold out. Personally because of the management's financial interest in the company I am sure they will want to turn things around in 2024 for what has not been a very eventful 2023(in terms of Production that is).
We also have the production results to come from the 6 new non-op wells before not too long as well.
Atb,
Northern
Of an increase in the sp. Maybe people are waiting until they hear the results before they commit their money.
Atb,
Northern
To be reported following 30 days of stabilised production, based on the recent RNS.
So, presumably we will get news of this the week after next as production commenced on 1st November. Not long to wait for this news then. Hopefully, some further positive updates before not too long as well.
Atb,
Northern
At the end of the first quarter next year? Oddly, I'm pretty sure I said exactly the same last year!
Fingers crossed for a better year next year.
Atb,
Northern
They like us must be getting very frustrated.
Atb,
Northern
I am just hoping we get some news during December to give us LTHs some hope for drilling starting in the first quarter next year. First it was drilling was going to start in October, then December!
It's looking like my own guess/estimate of the drilling starting in the second month next year is now starting to look optimistic. You try to stay optimistic with this share but a realistic approach has led me to believe it's will only be true when it happens.
Never can be sure what is happening behind the scenes but I would be very surprised if Ara are not really pushing to get started
The moment in terms of its sp and you were looking at the company as a potential investor and what might happen next year in terms of progress and possible production would you invest?
Atb,
Northern
Seem to go up and down as the sp goes up and down. You would have thought that as Ara have got closer to drilling the sp would have steadied at a higher price then moved up as we get closer to drilling. Maybe I should have learned from last experience here - the share always seems to drift down on lack of news. Hope more news arrives soon and Ara can move towards drilling . They must be raring to get started!
Atb,
Northern
Will come to be achieved and I suppose more importantly when those numbers might be achieved. I have always thought though that Zephyr would ratchet up production reinvest then repeat the process. So, although currently constrained this year because of lack of some production once they get a decent production flowing then we will I think see real progress which will then ramp up quickly. All imho.
Atb,
Northern
Pretty much my opinion on this company too. This year seems to have been a little wasted with the problems with the 36-2 well but good that we have the extra non-op wells now producing. I'm hoping th next couple of years will be success built on success. Time will tell.
Atb,
Northern
Very encouraging, especially that last sentence.
Atb,
Northern
Fingers crossed newtofo
Atb,
Northern
What looked like a very encouraging RNS there was so little movement in the sp. Is it likely to move much higher when the rest results - presuming they are quite good come in?
Atb,
Northern
Great news and thanks for clarifying that.
Atb,
Northern
I listened to the Webinar recording last night and there were a few things I took from it. As a company they have an awful lot going on in terms of i nfrastrucure, drilling logistics(rig, selection of time they drill) they have also learned the way they want to drill to have a better drilling result. not
It seems to that there is a link between what they are able to do(drill and infrastructure) and being able to do it based on funds available, so the question of when they get paid for the Slawson production becomes relevant.
What doesn't seem to have changed is the enthusiasm and drive of management to succeed and good to see them strengthening the team to achieve their objectives.
Atb,
Northern
Dropping back to where it started this morning. To me that RNS was great news this morning - more money to spend 're non or operated assets in the Paradox and I always think back to over a year ago where I seem to remember Zephyr former a relationship with another company who were prioritising possible assets Zephyr could invest in.
Atb,
Northern
More of the same please Zephyr.
Atb,
Northern
Agree Elland,
For a company that have put a lot of emphasis on making progress 2023 I think will have been very frustrating for them - they've invested a lot in the company too. Hopefully the webinar will be posted on the company website at some point.
Hopefully of progress is made in 2024!
Atb,
Northern