Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“why were the bondholders so desperate to get their hand on a failing company?”
My guess would be the WoS assets owned by HUR.
Potential game changer right there, waiting to be explored.
HUR could be sitting on a fortune.
markaskew83:
“ Just after peoples opinions here, small holder with just under £5000 worth of shares, currently 2k down and in the process of starting to apply for a mortgage. Do people see this moving north or not? Not in a position to lose much more and obviously would like too try and get back what invested
Thanks in advance for any advice”
Expect this to move higher or before spring this year, when bond holders should be paid off and RNS released will be more positive. Takeover also possible. All pointing towards multiples of the current price this year.
Appreciate you might need all the money you can lay your hands on for a deposit on mortgage. I’d strongly hold if you can. Look to find cash elsewhere, even if it means selling other stuff.
The £5k HUR shares are effectively savings you can mention for application.
Also be aware that credit cards should be reduced to close to zero if possible (but not closed), because these will be taken as multiples in mortgage affordability and affect your debt-to-income ratio. Makes a huge difference.
Good luck!
Anyone shorting HUR at 4-5p sp would risk losing a fortune/ their house.
Assume no-one is that crazy and it’s just derampers causing mischief and best ignored.
Yep. Over $80. Just noticed. Nice positive signs for 2022 already.
I’m not expecting a Forward Plan for HUR until all the Bond holders are paid off. The money is tied up anyway up to that point, inc cash set aside for decommissioning, etc.
So in next few months. No time at all, in the grand scheme of things. We might see a takeover beforehand.
In the meantime, I’m holding firm. But also appreciate this is a high risk share and follow the old saying:
don’t put all your eggs in one basket.
:-)
“That's the biggest bit for me in the CA RNS, use to be a good source of info on HUR”
That’s fine. Expect we will still be able to read ad-hoc information on HUR when CA have something to update Fund holders on. That’s where this MB comes in handy. :-)
Basically don’t trust M & C anymore.
It’s a bit like having a couple of pet crocs. You recognise them and they both seem to be floating along serenely, but you know at any given moment either one of them could bite without warning, put HUR in a sp death roll and drag HUR to the bottom.
It’s very difficult to change that killer instinct.
“I'm sort of semi-retired now. I'm sure I could find time to be CEO. Couldn't make as poor a job as those dodgy characters.”
Go for it, Alibi.
If you can promise not to release RNS’s laden with doom and worst case scenario’s, where good news or even no news at all can send the sp tumbling… you’ve got my vote. ;-)
This reminds me of Have I Got News For You, when they replaced Roy Hattersley with a tub of lard.
Fine. Replace M & C with x2 tubs of lard. At least the randomly destructive influence on the sp would be removed, albeit with a slightly higher cholesterol risk.
“Missing the point imo, why has the sp tanked this morning?”
I expect it’s very little to do with today’s whitewash review and everything to do with the Friday evening, after close RNS rather needlessly writing off millions of HUR assets before the full financial picture is known.
The less said about that “Review” the better. Kind of expected it with two of the old BoD still in situ.
My take on it: It’s always good advice when someone tells you what you want to hear. Tracks well and truly covered. But we move on and it wouldn’t have benefited the sp anyway, other than our sense of injustice.
Need to concentrate now on removing that pair asap in the New Year, otherwise we will continue to see rogue RNS wipe a month’s worth of sp rise in a couple of hours.
HUR the company can continue to make large profits, pay off the bonds nice and early, and then get into planning for exploring / drilling the vast WoS reserves. Ideally with a new and fully committed BoD all pulling in the same direction.
I expect it will be down 20%.
Dreadfully worded and unnecessary RNS on Friday evening. Suspect this is still Maris playing silly bügger$. The sooner HUR is rid of the two leeches at the top, the better.
That ADVFN kooba post below makes more sense than anything Maris has release recently.
Merry ******* Christmas!
Here’s a defeatist RNS to ruin any potential festive cheer.
Yours not very sincerely,
The HUR Grinch
This will be seen as bad news.
Don’t really see the point putting a RNS out telling us there’s been no progress. They should be working hard to make inroads and then put an RNS out. Don’t tell me they can’t find an investor. Absolute bobbins.
And in regards to the actual need for a regulatory amendment to extend the consent, why do they need to extend it anyway. HUR should have enough cash to pay off the bonds by March at the latest. Gives them another 2-3 offloads, approx £50m - £75m based on recent output levels. Plenty of money to start to drilling a well at Warwick.
The key thing here, it’s just like planning permission. So long as HUR start to drill the well before the P1368(S) Lincoln licence expires on 30 June 2022, they are fine.
“had in mind that early jan may be appropriate time to start pressing boa
what do others think?”
Yes. Early new year. Nothing will happen now with Christmas shut down. Ideally I’d like them both gone from HUR as quickly as humanly possible. But then there’s the replacements to sort out first. Need a seamless transition.
“..are positive since the five muppets directors were forced to resign…”
Not so sure about positive. Maybe to us, on initial impression only.
Could have been worded more positively imo, but that will be Maris contribution. No coincidence previous RNS’s have resulted in a fall in SP; all had more than enough worrying paras and reasons to not be cheerful neatly inserted into what should essentially be a good news update.
“Any particular Easter in mind.... Have you been rubbing your lucky rabbits foot ....”
Easter 2022
A Wise Man predicted this with his Christmas Amazon delivery of Black Gold, Frankinbrent and Oil, tracking the Lancaster North Star.
Think I’ll hold, thanks.
HUR might be a dead cat at the moment but at least we aren’t completely stuffed.
Expect to see a miraculous resurrection by Easter, if not before. HUR to leave no fractured rock unturned.
This isn’t the place for pointless arguments about:
- Pro-Vaxx / Anti-Vaxx
- Brexit / Remainers
- Boris / Anti-Boris
- Earth / Flat-Earthers
- Other crazy horse conspiracy theories
Etc
Read this MB to get updates on HUR. Not have to wade through unrelated arguments about world issues.
Nobody is changing their views on these emotive subjects following a few words typed on a MB. It’s just wasted energy and raised blood pressure. Chill. :-)
Thanks Morganna1.
Tempted to block NGR1616 but his futile efforts are quite amusing for now. Don’t think anyone on here is falling for the spin either
Looking forward to Monday and some positive developments from the CA AGM. Assume there will be at least a couple of HUR related ‘good news stories’ to push the HUR share price upwards.
After a week when the HUR BoD (Maris, shame on you), released a production RNS which resulted in a 6.6% sp drop. I’m sure CA will be able to produce factual updates without doom laden worst case scenarios.
Amazing how the CEO can turn what should be a congratulatory RNS with higher than predicted outputs and HUR well on target to pay off the bonds early, into a red day. HUR down 2.6% on the day, when it should be up to 6p min on this production news. Takes some skill and manoeuvring to achieve that. Like the HUR version of Keyser Söze, chipping away in the background with a smile on his face now the other Usual Suspects have resigned?