Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://www.voxmarkets.co.uk/rns/announcement/b63c2d4c-18de-48ad-bb37-eedcd16d7159/
Ok, who wants to own up up to being "Kickmuck" Ive always wondered where they got their info from. There were only ever a few posts, if i remember rightly. Intriguing, as they would leave us all wanting to ask him or she a load of questions. Then they would then disapear for months on end, only suddenly to pop back up with something new months down the line.
I think someone even thought it miight have been SN himself. LOL.
I remeber reading a lot of stuff from Devex & Regik as well.
There were some interesting posters back in the day.
Oh well, hopefully see a conclusion that will benifit all of us, in the near future, thanks to the likes of Looed keeping us all in the picture.
Hi, I check in here a couple of times a week as a holder since 2016. I was just uploading my old drive to my new computer, and came across a few posts, that I had saved from back then. Kickmuck, mad Mole, Regik and a few others. Would be great for all us long term holders if some of these came to fruition. Mad p "s is still my favourite.
Madpunter valuation
FinnFCR - I agree. You might like my previous valuation :-
18kMMbbls oil and 202TCF (at the same recoverable rates as the figures in the CPR = 2.9kMMbbls and 140TCF) . If this is converted to oil equivalent (1TCF = 170MMbbls oil) = 2.9 + 26.7 = 29.6kMMbbls. With an oil price of $75/bbl = $2002.5bn.
Typical takeover amounts for O + G companies are 1 - 3%. As the numbers are so huge, it would have to be a consortium (we have two majors interested remember) and the 1% would likely be the top limit. Therefore, with 1% = $20bn, which equates to a share price of 98p. If a JV/farmout, then I would look at 0.1% = $2bn, which equates to 9.8p. If FRR were to go into field production alone borrowing the money, then £500m market cap. is achievable + $440m recoverable expenditure is roughly $1bn. Hence, why IMHO $2bn is the figure for a JV/farmout.
IMHO a figure somewhere in the middle of the range is most likely for a buyout of Block 12. Therefore, halfway between $2bn and $20bn is $11bn, which equates to a share price of 53.5p ($11bn = £8.44bn @ current rate of $1 = £0.7675).
Remember, I have used a very conservative value of just over 0.5% of the value of the recoverable hydrocarbons. When takeovers are considered, factors that give higher valuations are low costs per barrel; infrastructure in place; market in place; proven resources and fields already in production. BP recently bought 4.6kMMbbls for $10.5bn and FRR has almost 6.5 times as much. The costs for the BP acquisition are well under $50/bbl, whereas for FRR it is under $12/bbl. There are pipelines running through Block 12, with the nearest to Tarabani only 18km away. There's a ready market in place connected to the pipelines. Production apart from the very low zone 9, is only just starting for FRR. Tthe resources are being proven by the current EWT's, plus the seismics and the proven geology of the Kura Basin and Maykop formation. Therefore, IMHO taking everything into consideration, half a percent of the recoverable value is very conservative and not utter tosh.
I am assuming the resource of 4.6kMMbbls of oil BP bought is the amount recoverable, as I haven't found a breakdown for the resource.
FRR has 6.5 times as much recoverable hydrocarbons and 4 times as much profit per barrel, which equates to 26 times as much profit. BP's acquisition is already flowing at 190kbbls/d and is a proven resource. IMHO $11bn for 26 times as much profit, than a resource for $10.5bn with the field already developed, is a good deal.
Etorro is free tades and no monthly or annual fees
I am under the standing that this court case is over a misplaced share certificate., and its just an admin legality, because a significant amount of shares are involved. If this is the case, could be some communication after this is settled.
Share Talk posted this on the day of the news release.......
Eurasia Mining PLC (LON:EUA) The Corporate Update That May Lead To A Positive Outcome In 2023
Abm December 27, 2022
The Corporate Update was published on the 21st of December 2022 and a cross-social media was well received, could 2023 be Eurasia year?
So many clues pointing to a positive outcome, we will highlight a few paragraphs from the RNS update and let you decide if the tide is turning for the company.
The company provided a general update on operational matters for the Urals and Kola operations, the possible sale of the Company’s Russian assets and sanctions legislation.
Vox markets Jan the 4th. 14,23 mins. Paul Hill and JW discuss POLX. Hope link works, if not checkout VM page for interview.https://www.**********.co.uk/articles/stocks-to-follow-on-vox-markets-040123-e5d7fef/
Great post A[180. I remember JW talking about this on a podcast, back a year ago. I think we are very close to take off.
The company has had plenty of time over the last year to be making their plans after the inevitable FDA landed. I think they are a lot further ahead than most people realise.