Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There are lots of flights out of Port of Spain, on scheduled departures. One that jumped out was a Surinam Airways departure at 09-15 tomorrow but it is only going to Curacao. Curacao at one time had the largest refinery in the world, to service the Venezuela oilfields, but I don't think it has any oil of it's own. However it IS part of the Kingdom of the Netherlands...???
https://www.flightstats.com/v2/flight-tracker/departures/POS/?year=2019&month=4&date=16&hour=6
Wishful thinking I know, but perhaps the slightly delayed RNS will say " Oh, and we've just sidetracked FRM-1 and hit 200bopd" ! LOL
I know nothing about interpreting seismic scans, but attempting to learn, I just 'saved' the picture from last weeks tweet.
Having blown it up to a reasonable size, I notice a curved dotted line leading down from a label saying " Sidetrack FRM-1 ST" to labels that say "Potential pay sands"
Am I reading to much into it or does that suggest a plan to sidetrack from the old abandoned well?
You can infer anything you like, tbh. The only thing we know is that on 9th CERP tweeted that the RNS would be "next week", i.e. THIS week. The reason may become clear whwen we actually see it.
Offerman, I stand to be corrected but I believe the BOD get 50% paid in share options, not actual shares. So that means those shares don't actually exist atm.
Don't like it myself. The typeface is thin and spindly and not easy to read and the filter boxes are green not red.
It's almost 'no news' as far as we are concerned. However the corresponding PRD RNS is, I suspect, aimed to temper the dissent from some of their shareholders about other things, and since we are FRAM and Heritage wrote to FRAM, we have to issue an RNS so that PRD can.
Before accusing the current major shareholders and BOD of undermining the SP ( and shooting themselves in the foot) it may be worth remembering that the old LGO BOD held millions of shares which were 'given' to them as salary payments. I would suggest that they are more likely contenders to be dumping, since it is all profit however low the price they receive.
As of 9th March 2017 RNS ( after the consolidation) the situation was :
Director Ordinary Shares allotted Holding prior to allotment New total holding % TVR
Neil Ritson 4,215,998 1,250,000 5,465,998 1.28%
Fergus Jenkins 1,218,793 0 1,218,793 0.29%
James Thadchanamoorthy 973,439 750,000 1,723,439 0.40%
Michael Douglas 772,917 400,000 1,172,917 0.28%
Total 7,181,147
Thanks Rugby, I totally agree. At last somebody has said something sensible on this board, it's a rare occurrence these day.
This piece doesn't make for good reading and some of the place names are worryingly familiar.
https://www.bbc.co.uk/news/stories-47003108
It has nothing ( or everything) to do with the company's future prospets, it is simply that this AIM. People in general on AIM are here to make a quick profit and that only happens when the sp is rising or, more importantly, expected to rise imminently. CERP could have the best prospects in the world but that is nothing compared to the fact that the bopd is not rising anywhere near as fast as was predicted 18 months ago, which means that people can't see any sp spike coming in the predictable future, so they are getting out to chance their luck somewhere else. The more that happens, the more it will happen again ( snowball). Just be greateful that at present the snowball is rolling fairly slowly, but until there is some news to jolt the sp upwards, that snowball will continue downhill, I'm afraid.
I agree that it would be nice, but it may be a while to wait. He said that hey are going for cash income rather than bopd . So if they get more income per barrel from one of the other fields, then Goudron and TI IPSC production may be allowed to slip, in favour of the higher cash generating fields, in which case the group average bopd figure may not change much from where it is now.
I may be wrong but I don't think there will be anything until at least after a first successful SWP drill. CPR's are expensive and unless a new drill in one of the other fields produced unexpectedly good results which changes what might be underneath, then there is no real point in laying out cash that could be better spent elsewhere.
Looks like a site problem. I got an 'invalid security certificate' when trying to get on it
Just for general info on the subject:
https://www.twi-global.com/what-we-do/research-and-technology/technologies/materials-and-corrosion-management/corrosion-testing/co2-corrosion
Offerman, I'm pretty sure I saw a post from Mike J. a day or so before Christmas saying he had bought an early pressy but with no other detail. I haven't seen anything else but could have missed it in all the garbage that has been spouted on here in the 10 days
LGOfan, I totally agree and I said much the same thing on here a couple of weeks ago.
Unless he massively exceeds 1000bopd or announces a major M&A with no dilution somehow, then this sp will go nowhere except for a possible short term spike, and if it does that then it will nosedive after a short while.
Not being pessimistic, thats just the way things work on AIM, we've all seen it too many times before.
Burnie click on the "filter" tab above the message window and put his exact username in. Simples!
The 1000bopd has been forecast for over 18months, so when it happens it will already have been priced in and the sp may spike and but then drop back to not far above where it started. All IMO of course.
The only things that will shift the sp up significantly are a massive increase well above 1000 or an unexpected game changing M&A. I'm not being negative, I think both of those things are possible, eventually, but LK needs to learn not to publish his optimistic forecasts months and years ahead.
TR-1 perhaps, Mike? ;