Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The main rig could be arriving later next week I reckon. Then one or possibly upto two weeks of set up then, it's 6 to possibly 10 weeks of work to complete the job. Data will be gathered along the way which means news updates could land at any time.
We may get an RNS long before the job is completed to confirm hydrocarbons observed or brought to surface.
Hold on to your shares as I'm very confident that the sp will take off long before the 6 - 10 weeks are up.
Just imho.
Gla
The main rig could be arriving as soon as by the end of next week/first week of September.. The sp should hold fairly stable until then until the rig is spotted. I would then expect another climb, this time to the 0.35 area but, it could easily go much higher. IMHO.
The main rig will take a week or two for set up and then 6 to 10 weeks to complete it's task.. During this period I would expect the sp test new highs. If any updates are released along the way to confirm hydrocarbons to surface then the sp could go anywhere. My guess would be 1.2p and beyond.
The Twitter fake notebook scam is hilarious. Pete the clown has written some scrawled nonsense in an attempt to fool investors.
We're going to see more rubbish like this as the sp climbs higher and higher on RNS news.
RNSt
What a plonker! ..... This is completely incorrect. Each member of the Joint Venture has a right to sell their share or part of it as they see fit. They do not need permission from the other partners, nor do they need to offer any deal they may have been offered to the others.
You can not be serious! In that case maybe DB will sell the 16% stake to some dodgy but wealthy tarmacing travelers down the road to get a better price. No questions asked.
I don't think so RNSt.
I don't think DB ujo would have any choice. If a buyer came along they would deal primarily with the principal holder/operator and ujo would really need to accept the agreed offer. Although I'm sure the deal agreed would be acceptable to all key parties. Imo
I think it highly unlikely that ujo would be able to hold on to their stake or demand a higher price.
Yes Heid
That's got to be the plan but, one never knows.
Imo, like you I'd expect WN to be sold and the cash proceeds to ujo to be used to buy out Wressle and to develop and expand the remaining assets.
Both scenarios are a win win in my book.
Do you mean today or next month?
Its interesting to see Shell Energy buying out Angs Saltfleetby gas. Especially, when DB casually mentions BP in his interview plus, a strange remark about how he hope's ujo will be left alone when WN gets bought out. I think that's what he said. Very odd that. Is DB implying that theres a possibility ujo may get bought out too? Surely not.
If BMD is right then I'm hoping to see photos posted showing the rig arriving at WN next Thursday or possibly Friday. Should see a further lift in sp, up to 0.35 maybe.
It's going to get interesting soon.
Gla
All this talk of being taken over.
Actually, it's WN that would be sold off. No take over of ujo etc..
.. and it's not just talk that we posters have made up if that's what some folks are thinking. It's the plan if all goes well at WN as mentioned in interview videos with DB as I recall. I'm happy to be corrected but, I'm sure I watched a video where DB clearly said WN would be sold off to a major.
The benefit would obviously be the cash proceeds from a WN sale. How much is the question.
Imo
RNSt
What on earth are you going on about?
The answer is obviously yes. Ujo will at some point in the future need to raise more cash, so what!
DB raises funds as and when required and for the advancement of the company. He manages the finances very well and maintains a healthy balance at all times.
I can't understand why you keep going on about funding. Wressle will make ujo a profitable aim oil production company.