Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well guess what I do, it was once joked I knew more about what was going on out there than some natives.
Do you realize the stuff they found in SWP, is not the heavy Venezuelan stuff they were looking for it was the better stuff. the light good quality gushing from the ground like in Dallas etc.
Touchstone, is not different its actually very similar, they struck early and borrowed, swp struck first time. You don't know Trinidad. Who else can the banks lend to when the country has been shutdown again., you are spouting negativity and you have no clue or reason to.
That's exactly what happened you fool, there was a deal to drill sell oil to pay for it after the drill was complete. The deal was done d.i.c.k. then you fools came bought cerp and blew the whole thing up. Go check the old end.
They did the drill, it will be the same drilling company. It's fools like you do not do their research or even follow stuff properly that destroy sentiment. This was how Leo rolled, that's why the cerp shareholders loved him, he had a way of getting water from a stone.
People like u is exactly why shorters can put this company on attack, when they should be elsewhere.
Unbelievable how a company can have oil, when it was going for 400 mills, hit the oil, there was even video of it spewing out of the ground like Ewing oil in Texas, Dallas style and every tom dick and Starchild(lol) is getting panicked. You could be 88e, or even Hurricane Energy, those are companies to short. If they hit the offering and the shorter are wrong, this is going to Rocket, 88e hit their offering on the same price proposed several times, they don't have ****.
Beware, if this company hits its offering and the market suggests it will cause 88e did when they had 12 bill on the market. The only problem I foresee is that 88e and others did not consolidate to get an offering out there. They could also get a loan in TT dollars for part of the funding as well, pay part US part TT that is getting financially complex because it would most likely be illegal for a Trinidadian company to refuse payment in TT.
Be very careful selling this cause if the offering succeeds and past experience suggests it will, the share price will rocket before the drill and on success, it will rocket again, be WARNED shorter.
The whole point of laying it out the way they have means that on the first few success the market will price in the whole plan and the increase will happen now, not on completion of the plan.
After that, the taste for another Bahamas drill will be too strong.
SWP, not Bahamas, Trinidad was 400 mill.
THE ORIGINAL DRILLERS OF SAFFRON.
Offered to drill for nothing, previously drillers have offered work for shares and some have offered to drill and get paid later as oil came in.
Bring back the old CERP Director who has all the relationships to run Trinidad.
This is not a comment to discuss, but rather a message to company people who read here.
I do not understand why they did not get this secured properly.
How could we drill and hit on the old data and now need to reprocess, clearly the data is good haven hit oil and proven that the data is good. 6months to process info.
For discussion, though there are real probabilities that shorts will lose their shirts here. The low price is not because of prospects it is because of sentiment, as the example thrown at us like Hurricane Energy and 88e are in a real bad position.
Hurricane has cash of 127 mills, but 200 mills is already spent. 88e may have oil but who the hell knows nothing at the moment. We have a solid 400 mill first reported now reported to be 220mill roughly with targets hit. Banks in Trinidad will lend you 20mill they have no problem with that, they lent touchstone on their first drill.
I wish the meeting was on zoom, but some consultant would find a way to charge, 20,000£s to do that.
Maybe cost overruns do not happen if u stand with first rig and crew, you got scanked on fees.
88e was 35. With nothing, they should never have asked for a deposit on the case.
Oh shiiit. That's true.
88e are hitting dusters all the time. They keep going it makes no difference.
With so many board members going it screwed us cause nothing has changed. Potential farm ins see suckers to be played. When it's something you can make more money off, with positive sentiment without success. Green investors smashed up the other investors. All we need now is a Green play on the other 300 wells.
So much opportunity, but investors do not even give the board a chance to blag.
If u keep disrespecting the board u want get any directors that are any good and your depressing your own asset. Only 1 drill was missed.
88e missed on tons of drills, and they are worth 120 mill.
Stop digging my grave. Your attitudes successfully destroyed things. Momentarily.
Why did they throw the baby out with the bath water?
They only missed one drill!
How did you workout your stuff?
Does anyone know if over the years there were other drill targets made.
Uruguay is going to be a bonanza. No issue there just gravy, just got to improve RNS writing skills.
What are your hopes?
88e don't;)
Yes moving forward
Nice question