Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Chris - I check daily and there is currently nothing regarding Helium One in the list of Upcoming Floats and Listings on the ASX website., like you stated. I assume that they are in the processing of Listing Application by ASX stage, but it would be nice to have some confirmation.
Week 1 Appoint Advisors
Week 2-10 Commence institutions marketing
Week 11-12 Lodge Prospectus with ASIC
Week 11-16 Processing of Listing Application by ASX
Week 13-17 Market and Offer Period
Week 18-19 Closing the Offer
Hey Frank....the old gentlemen that got into your taxi, it wasn’t Neil Ritson was it?
All IMO Ariel. Rockrose have 13M. Which is more relevant to Scirocco, Lloyds or Rockrose?
The key word in this discussion is Guess, because there are so many factors involved, that’s all we can do. I hope the Ruvuma License and H1 IPO do happen this month, before the offer. That would help the balance in our favour against old vs new assets, in the share dilution process. IMO the board will now be busy assessing market appetite for the deal, which would be a key factor in setting the offer price. IMO I believe there will also be a consolidation of the shares, probably 10:1, if not there will be over a billion shares in issue. Now would be a good time for that process.
Personally I would be happy with the SP opening in the 3-4p range (non-consolidation). Anything below I would be a little disappointed, anything above and I would be ecstatic. I’ll stick with my 9p end of year prediction. We could see another acquisition deal before Xmas and CH-1 spud may also happen this year.
GLA
He must have forgotten to include the additional Offer shares into his calculation, surely? Even then it would probably around 5p!!!!
IMO Based on your NAV calculations, the fair method would be to normalise the current SP to the existing NAV. Ie approx 3.7p and then calculate the additional number of shares required for the Offer. I believe that’s why there are currently 2 CPRs being carried out. One for existing assets and one for the new assets. These will be used for the IIs and to calculate a new SP. All IMO.
Zebbo....your comment “Not one to criticise, but where do some of these investors come from....!!!” are my thoughts exactly. It made me chuckle. I’m just sitting back and enjoying the entertainment.
Ariel...obviously stated in your one to one with the BOD. During my one to one, Alistair did state that he thought I would be “very happy” with the first deal, emphasising the word “very”.
Ariel.... I never picked up on that message. The BOD stated that the 5000 Boepd would be sooner rather than later. Also acquisitions in the plural rather singular. With regards to the negotiations I would imagine that the variation in gas prices isn’t helping matters. There has been a 50% reduction in the European natural gas price from the beginning of the year to July and is only just starting to recover. In fact the lowest price for a decade, caused by the trade wars between USA China & Russia.
Chris...I was told by the BOD at the AGM that any producing asset acquisition is NOT tied to the Ruvuma license. That first acquisition must be anytime soon.
Spud before Xmas, possibly 2 producing acquisitions in the bag. 9p for me please Frank.
Fitzpatrick bought £600,000+ at 3.5p, if I remember correctly.
Trrime... that was based on sentiment and the herd culture. Typical AIM based on potentially with no real value/income.
Small Cap considered up to £150m. So yes greater than £150m. Stick to your Robinson dilution jokes. At least it provide some entertainment.
Alfie...Eventually this will explode rather than pop!!!!!
Hopefully investors are now starting to realise the full potential here with majors assets and a first class BOD at deal making.
With should have news of a producing asset acquisition in within the next couple of weeks.
Looking at the numbers, after a successful C1 drill, even without finding oil, but taking into account future pipeline build, drilling costs, maintenance etc, Solo’s 25% should be worth around $100m.
Even bargain basement quick sale, at least $50m
The resources will increase with each drill but based on just 2 drills NT1 & NT2 equals approx $30m each year to Solo over 20 years. Obviously staged payments based on increased demand. This is an optimistic outlook and 2C resources not proven, but the reality could exceed these numbers, especially with adjacent countries knocking on the door for natural gas plus the additional planned future wells.