Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Mr Bond, hope you are well, normally I woud agree but bearing in mind the licences have been renewed and the company is funded for 2 years Im struggling to see what bad news could be, other than they have not yet made any further progress.
Have read the SP Angel report, a good analysis of the prospects and also how we got here over 11 years along with the general history of oil exploration in the FIs. A good read and I would say very useful for anyone relatively new the the Falklands oil companies, certainly more positive in outlook than anything I have seen from a broker for a while although does need to be borne in mind that SP Angel are our appointed brokers.
I think you miss the point of what Argentine leaders use the dispute for, its a great distraction tactic, an issue that unites 99% of the populace, they wont just cast it aside if they find some oil off their own coast.
Well my understanding is Argos decided to sell, also Argos had no money, Borders are now funded until around mid 2025 by my reckoning, that is not to say there couldnt be a takeover, but for that to happen someone has to buy a lot of shares first, so I dont think the two cases are strictly compatible. Someone could buy Borders, but they wont get the company for its current 18m valuation
Well we continue now to wait, but this to me reinforces the fact that if the board cannot get this over the line now, in the current enviroment then they never will. Please though lets not have talk of companies like Shell and BP, anyone working in Argentina is completely off the table in my view.
I suppose once again patience is the key, we will find out what ADB intends, I must admit my mind would be in a very different place on this share were it not for the presence of our new investors, the one worry I have is that they might try a takeover at a rockbottom price, having been here so long if my shares went for 10p without me having any say I would not be happy.