Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
101.50
Anyone else having this issue?
She's still going, no signs of slowing down anytime soon!
and that is with no news! When news drops this is going to re-rate massively. Recent SP movement would indicate news is due very soon imo.
GLA
Although small volume today we still actually have more buys than sells but MM’s up to their same old tricks to drop it. There was some ‘sells’ around 0.81 but they were definitely buys as someone took 25k’s worth at 0.80 around the same time but it was delayed
I wouldn’t be surprised if we see it trickle up this afternoon, maybe even a blue finish is on the cards.. some decent buying coming in as I type...
Ok nice, so based on an uplift from 1900bopd to hopefully around 2500bopd this alone should add about 10m-15m gross revenue a year. Add any additional gas production and we can safely say a good update could see our annual gross revenue increase by 2x our Mcap on this alone.
If we receive good news in our updated figures and we are achieving our target of 2500 boped or above our Mcap will roughly be our quarterly revenue if my maths is somewhat correct!
Any further comments on this will be welcomed.
GLA
Large PI's like this would be more than happy with the return they've got. But yeah it could be any large holder offloading... either way the sentiment remains, holding up well and once the seller is finished it bodes well for the next leg up.
I think one or both of those PI's that triggered the TR1's have got to be offloading? Someone's selling in large chunks anyway but a great sign to see the Share Price up 11% and holding strong.
Once they are done taking their profits we should really start to move, along with some decent news and this could easily bag over the next week or two
Upon reading the Bolivia: Cooperation Agreement and Exclusivity RNS again I am more and more leaning towards the idea that this might be the beginning of a potential merger or even a potential offer from GTL.
I particularly find the sentence: in relation to which the parties have granted each other a six month period of exclusivity ("Exclusivity"). Interesting. This to me means, GTL can have a good dig around our existing assets, our plans and our potential. Why? A cooperation agreement is a cooperation agreement, this would naturally be tied up in a way that both parties were loyal with one another but we have announced a cooperation and 'exclusivity' agreement, I am aware sometimes one can run away with RNS wording and dig for something which is not there but pretty much all offers, potential offers and mergers would begin with some sort of exclusivity agreement and a 6 month one is pretty common...
Recent trading activity might have something to do with this...
If nothing else it's food for thought while we are waiting on the next lot of news.
Good momentum, good volume returning, buddied up with a major in Bolivia, big VAT return due soon, plenty of working capital, producing assets, plenty of news due, including additional workovers, 1p is just a start for me, hoping to hit that soon and go from there. Big year ahead for Echo
Nothing wrong with teaming up with a local like minded Company, I don't read any JP type of content in that RNS. It is what it is, two companies looking to work with each other to help improve their businesses.
It's not an RNS to write home about but it's a positive for me and looking forward to see how it pans out.
Sometimes the companies that have the biggest re-rates due or are well under valued often have a long period of time where the Share Price is quite simply incorrect - the current levels are not a true reflection on where this should be.
However, for big companies, with longevity and large Mcaps, that started off much lower need to go through this phase It's building a foundation and accumulating vast amount of Shareholders.
This is the difference from a Mid - Cap Pharma in the making and a Pump and Dump, without this phase comes a lot more volatility on the way up.
Patience with companies such as this will be rewarded.
GLA
I thought TA was the holy grail? One of the main reasons this company was still going? And why many PI’s have remained patient and put in their hard earned cash? Multi TCF potential... etc
The only saving grace is this news hasn’t completely killed the company and we are somehow blue