Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Definitely a positive, hard to take seriously as a company as a penny share. They are sitting on material shares in the most exciting SNS play in years with a major committed to the opportunity. Their share in Pensacola must be worth the current market cap, never mind Selene when that comes along. Sure this will multibag, after the consolidation in the next 12 to 24 months.
Does anyone know what cash raised from IPO was used for? I presume it was a payment to the founders? now they could buy the company back with half the cash pile they raised? I don’t see much margin in their balance sheet and cash flow to ride the waves.
I thin £10 is first stop, this is worth £100M with no line of sight to first oil. With a farm out secured and path to revenue, £320M mcap would still be insanely cheap for what will be the hottest property in the North Sea. Sit tight, expect a slow trickle back down to 150p between now and end of April (hope I’m wrong on that). Exciting times!
15M BOE - does anyone know the economics that would determine the value of that if Deltic were to sell their 30%? Is $10 a barrel too much to hope for? That would equate to the 6p per share estimate they have in their presentation.
The EPL makes this proper boom and bust territory, take the EPL at face value it should turbo charge deal making, if JOG is valued at 400M (I’m an optimist), anyone with tax to pay could acquire it lock stock and barrel for 40M. But, how many people actually have that sort of tax to pay? They big unknOwn is what happens after 2028? Nobody trusts it won’t be removed, hence the Linda Cook position at Harbour, the actual number of deals and farm outs has dropped post the introduction of the tax and we are essentially on a long (or fast) path to oblivion. I’m Not all that hopefull they can address that in the budget, but we need the HC so let’s see. Deltic is also an interesting play on the EPL if you think it will come good and facilitate investment.Next week Rodney.
Very lucky to get 200% for a sale. Looks like it’s rapidly heading to 70p, but if they pull it off, your in on the first floor (dick was in on the ground floor with trap) with the hottest property in the NS! Place your money take your chance.
Sure thing dick, do you know oil is largely traded in dollars? Our forecourt prices are higher than they where a year ago because our currency has fallen against the dollar, anywhere between 10-20%. Who’s benefitted? Asset owners.
DU, you make a big deal about the conservative government but I suggest you stop reading the daily mail. Read the daily mail and it workers pushing inflation with wages that are actually real term pay cuts, no mention of the inflation busting divi us shareholders got from shell yesterday;) get wise, look behind the headlines and there has never been a more successful government in recent times in transferring wealth to asset owners (most of our portfolios are testament to that), they pulled an absolute blinder with furlough and the covid contracts. They’ve even managed to get a billionaire on seat as PM, rest assured our wealth is safe. The political news is just noise for business, the big deals rolled on, and when this one lands we will be laughing (because behind the headline this wft will actually line our pockets).