Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Smokin, i agree, our best chance to date for many reasons, significantly PMO's assessment (and others if we accept there were multiple offers) that Charlie1 is worthy of investment. I have high hopes and can see no reason why it should not reach 4p or more pre or post spud. But not everyone will take that view, and there will be many still down on 88e and not prepared to risk more.... that's my opinion, but WDIK!
BigHow, we were getting close to 4p on anticipation of IW2, but on Winx, more like 1.4p. Charlie1 is different, very different from Winx, but i dont think we can just take previous high and go for that, although I have to say I do have high hopes for our pre-result SP on Charlie1.
Also, 480m is all 7 targets. Primary 3 are 192m. 4th target also regarded as discovery is 92m(? off the top if my head), so maybe calculation should be baed on 192/284m? But we could have success on all 7, and HRZ.
We must remember however that to reach that 16pps, there is still continued risk, a $6m cash raise for 2021 activity, and 2 years of effort. Apologies if that dampens enthusiasm, but these are the facts, but i would be happy to be corrected if i wrong.
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https://www.ft.com/content/4c8685e0-311d-11ea-9703-eea0cae3f0de
Premier Oil has agreed a $625m deal to buy two major UK North Sea assets from BP as fields in the mature region continue to change hands from the oil and gas majors to smaller independent companies.
https://www.ft.com/content/4c8685e0-311d-11ea-9703-eea0cae3f0de
Clifey, 11:02
1.6b total, but much less at 480 m net to us, so we need to be carefel not to overstate. And if we consider primary targets only, then we are c. 192m, still substantial but a long way off 1.6b. And this drill is potentially transformational, it will only be transformational if we prove up commercial flow.
Happy new year and best wishes to all for 2020. Success in our 3 primary targets must be worth 15p'ish + per share in the long term, in the short term that depends what investors are prepared to pay for a 15p return in 2/3 years time. If we have success on secondary, other and HRZ, then everyone invested will be wealthier than today. Good luck all. Thank you to Brombarb and others for their valuable contributions this year once again.