Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Can’t help but ponders what the valuation of the businesses would be accepted by Paul. We just do not have the firepower to move these projects forward fast enough. Morocco - newly discovered gas basins. Trinidad - proven CO2 EOR and exclusivity of supply. Ireland - recent government u turn on exploration. ????
Two thoughts from this.
1) converting unallocated shares to allocated can be a strategy to maximise an offer for the business (as a whole!). It also gives management more fire power to battle a hostile take over. Not 6 months to exercise.
2) we should now see Lonny really start his promotion of PRD now his nest egg is set.
https://twitter.com/lonny1971/status/1486621236432187392?s=21
Rough start to the day for #CEG being down >70%. Not sure how they will be injecting CO2-EOR? They thought it was so bad that they unilaterally terminated our project. #PRD
BDT I read that news as positive. We have exclusivity of CO2 supply. We have either reached an agreement on the outstanding loan, or found a way to monetise the T&T business. Either way it means cash flow is being generated. But I would expect an update on the deadlock to be RNSed ?? Perhaps some details are still being agreed.
“and has made a further EOI to enter into additional sub-licences with a focus on improved / enhanced oil recovery ("IOR / EOR") in certain Heritage onshore acreage“ - is this Inniss Trinity with PRD? After the public fall out between PRD and CEG? CO2 EOR has been proven up there by PRD who have security of CO2 supply and are looking for new partners after CEG have been playing up.
“To this end, Trinity has submitted an Expression of Interest ("EOI") for six onshore blocks being made available as part of this process; and has made a further EOI to enter into additional sub-licences with a focus on improved / enhanced oil recovery ("IOR / EOR") in certain Heritage onshore acreage“
Chances of this referenced EOR being CO2 injection??? Water flood hasn’t had a successful history in Trinidad from what I know. CO2 has been proven up by PRD. There must be partners lining up, or bids to take our CO2 exclusivity and know how.
I know what I said would be low, I would be looking at it from a personal perspective only, it would clear a huge loss from LGO-CERP-BPC-CEG and leave me in a good position after 6 years of chasing the market. I’m just getting fed up really. One last push, dig deep PG and prove to me that micro cap CEO’s can after all be trustworthy.