Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No, you are right Ivans, the time to sell was a long time ago. Now all LTH's are all trapped in a downward spiral, effectively sitting on a written-off investment. Drifting down again, Simon has effectively been in post 9 months and has delivered nothing, not even a promise of something, The board may as well put the company up for sale and try and get us some cash value at 1p a share so we can at least buy a beer to drown our sorrows with, because at this rate the entrepreneurially-challenged board could not even deliver a pizza!
That's funny. The full stop went right over my head. Appropriate, however.
Are you referring to the 'mini fundraise', Tacs
Down 20% over the last 10 days. No sign of activity, almost October. WTF are they doing??
Oh dear, things are now so bad we are getting nostalgic rather than angry! Harking back to those halcyon days of Vera Lynn and Space Hoppers. Anyway, I get where you are coming from - if you can't see a way forward, why not look back for clues. I think the main clue is in the Board - useless, the lot of them. Bring back Vera Lynn!
How exciting...not! Jack **** happening as far as I can see
Simon is relaxing on a beach, that is my guess. The board haven't a clue how to add value to our shareholding. Going to sell on the next significant uptick - assuming there ever is one! No point in waiting any longer. I have banged my head against this wall for too long - and I know I am not the only one.
European Gas is still down 75% since the New Year, oil only 25%. This is why the so-called third leg (Isle of Man perhaps?) Oddie talks about is super super critical to our future prospects as we cannot rely on Irish gas.
I am not sure I understand why EOG are hanging on to the hope that the Irish will reverse their policies on oil and gas. It is clear to me that it is much easier politically for Ireland to buy whatever gas it needs to generate electricity from some distant country like Russia rather than risk the wrath of the nimbies at home for home-grown resource development. EOG would be better off going for gas production in North Africa to add to their exploration position there. But hell, basically no sign they are doing anything to be honest, sitting on their hands waiting for Wressle revenue some day
Not much use having prospects if you can't drill them. Worse still, drill them then not be allowed to develop them. This is why diversification of portfolio is a must and Morocco is not good enough for them to be resting their laurels on. They need to get moving on more new stuff right now
I hope you don't mean burst
Agreed biggles. getting back to 1.3p or so only gets us back onto the long term pre-covid downward trend line. Without something new and exciting, this is sadly still on a hiding to nothing. Wressle is such a small deal in the grand scheme - the local farmer probably makes more from his sugar beet. Good try finncap, but it is oddie who needs to deliver.
I admire your positivity, Ivans. I think the reality is all LTH's will bail out at 3p. They know the track record.
It's a good job Wressle is coming on to pay his salary!
I have just drafted an RNS for him: 'The Directors of EOG are pleased to announce it is business as usual here at Porter Street. The Covid-19 crisis has not altered in any way our ability to operate as normal. Consequently, we will happily sit on our hands to prevent the spread of infection for as long as it takes or until the cash runs out. Stay safe!'
I'm sorry, guys, I don't see where the breakthrough is coming from. This BOD are moribund, hoping for a farmin partner on the Irish gas prospect. Really desperate that in the last ten years all they have done in terms of actual activity is drill Wressle and a dry hole. Performance is pitiful and now they are in hiding. They need to shut everything down and furlough the staff - at least they won't be burning shareholder funds. Any alternative views??
Doesn't it make sense for Europa to shut in its production, get the govt payments for its workers and suspend the shares for 3 months. No point producing at a loss - $23/bbl!
Looks like Reabold have caught the Europavirus and are down 20%!
My issue is he is a CEO of a competing oil company in exactly the same region. If a juicy deal comes along, will he support it going to EOG or Rebold? Presumably he would benefit much more from it going to Rebaold.
Heidi, there ain't no way the board will ask the founders to come back and save their asses! However, this board does need a major shakeup. 3 months since HM was kicked out and still no plan. What a shambles - the non-execs have no clue and all need to go, but considering they are in charge of corporate governance I suspect it will never happen.