Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ivans - north of 80p per therm is worth £34m for ANGS half of the asset.
Not 80p share price.
P10 reserves at 85p is worth half a billion..... I am unashamedly one of the bigger bulls here. but that made me chuckle.
Go on Geroge
Sorry for talking to my self here
But ANGS half is worth £34m - that is discounting the Geo thermal completely.
Gallifreyan - in your video he says we make money at 20p per therm. So Gl must be very excited at these current prices.
My figures below are on the P90 reservse, so that means at the current price per therm it is worth £34m and that is the most conservative estimates.
Plus there is no exploration risk as its just a case of re conecting and getting it to the surface.
https://www.malcysblog.com/2020/12/core-finance-ceo-interview-george-lucan-of-angus-energy-3/
P90 reserve at 38p per Therm is worth £17m for ANGS share. so north of 80p is £34m for ANGS share.
and as per previous posts their costs will be fixed. So market cap it still very low here.
would I be correct in saying that prices have pretty much doubled since march last year?
if so CPR reserves from March 20 (as per the slide on their website)
SFB: £16.7m (1P), £25.2m (2P) and £34.9m (3P).
so realistically you can double those, meaning that lowest estimate is just over £32m.
Look at what Argo Blockchain did off the back of Bitcoin going crazy.
Our underlying asset is doing a similar thing, making our profit margins wider
2p is a market cap of £14,000,000. we are easily worth that
The increase in underlying price of LNG means this should trade considerably higher!
Crocqman - agreed.
that is a solid update and solid progress.
With the forest fund buying and the work that is taking place on the ground I do not see how the £12m debt funding can not already be secured.
£19,600 buy went through shortly after the tweet. Clearly someone likes what they see.
Ocelot - Bo Jo has said the same, thats why AFC, ITM ect have gone through the roof.
The value that could bring is significant!
Head line: LNG prices hit record as cargo shortage amplifies cold weather effect.
First paragraph: LNG prices have jumped to their highest level on record as a severe cold snap in Asia boosts demand at a time when cargoes of the super chilled fuel are hard to come by.
Spot prices in Asia reached a record level of $20,705 per million British thermal units on thursday, according to an assesment of daily trading by S&P global Platts.
That is more than a fourfold increase on where prices were trading in september.
My opinion: And with the beast 2 from the east due, we are only going to see more demand
Head line: UK village to be the first on public gas grid to use Hydrogen.
First paragraph: More than 650 homes in a small village near Newcastle will this year become the first on the UK's public gas grid to be heated partially by hydrogen, as energy companies test ways to slash emissions.
Up to 20 percent hydrogen will be blended into the natural gas network that services the village.
my view: This is what we are asking for an additional £8m of debt finance for. So we are ahead of the curve here! potentiall a huge market! Really is quite exciting
Good to see things are progressing - with the Twitter updates.
I have said this before - they would not be doing all of this work if they didnt know the debt funding was coming
And the market is hoovering them all up. Which has been the pattern over the last week or so, which would suggest that the fund has not finished buying
there is still another 50% upside from here to the year highs!
If we break them (which we should as we are now in a very different situation) then i agree, we could see this pushing 3p.
The Forest Fund will be looking for multiples on their money!
Grey Panther - they are buying these shares in the open market, there are no ties ins here!
another 1,000,000 share buy. Is this Forest continuing to buy?
He has a price target of 1.6p. That would be nice, Come on Forest, get buying some more