Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From I.W:
” We have had some unplanned downtime at Kraken recently that has impacted production. We are due to provide our usual operations update later this month and would provide any relevant update as part of that announcement.”
Whaat say you guys?? :/
A bit noob at marinetraffic But if you click om vessel/tanker near Kraken u get this:
”Tanker
This vessel is out of Coastal AIS Range. Access vessel & voyage details via Satellite.”
Could it be a tanker or is it just some kind of glitch?
Interesting interview today on CNBC with Tom Lee. They have calculatet that for oil to hit the economy in the same way it did in 2008 price would need to get to $252/b !!! Yes it’s not a typo 2 5 2. I think we could easy see +$120/b next year. That would call for AB to make an emergency D-Day!! LOL
Well I don´t think they have the time to attend there. They must be spending every waking hour trying to find places to put all the cash flowing into the office! Immagine yourself getting a constant flow of almost $2M comming every single day!! I have an idea how to spend them! Make a big D-Day and invite all shareholders to help share the burden =)
What’s up Krak?? Have not heard you this positive in three years! LOL
I also think this is great news! SP is not an issue ATM. Just keep the money comming! A good time to hedge GE production right now! 50% two years out would make me feel safe :)
Have a great weekend all!
But but.... Can we continue on Avanza Crown forum? =)
"The total consideration amounts to US$450 million before deduction of transaction
costs. Under the terms of the Agreement the Buyer will pay to the Company within 5
Business Days an initial consideration of US$75 million, which has been paid by way of
non-refundable advance payment for the acquisition and/or the grant of rights in respect
of the relevant oil & gas assets (the "Initial Consideration").
In addition to the Initial Consideration, the Buyer is obliged to pay an additional US$8
million to the Company on each 6 month anniversary of signing the Agreement with a
final payment of US$33 million on the 5 year anniversary, up to an aggregate of US$105
million (the "Additional Consideration"). The Additional Consideration is also paid by way
of non-refundable advance payment.
Following the acquisition of the initial subsidiary entity, the Buyer shall also pay up to
US$270 million in earn-out consideration during the earn out period in case certain
milestones are achieved. "
Well I disagree e121. But it also depend on how you define real groth. Can US reach 12Mbpd? Sure! But will they move above 13M and keep pushing it like before as demand WW grow?? NO! Not unless we see my three digit number OP for quite a while! I know you wont belive it But it’s really different this time in shale!! And if you give it a few more years this questions about tier 1/2/3 land will make a huge diff! The best places are drilled and tech can only take U so far….
Well we will see what happens next year n onwards! :)
I don’t see much more groth for shale going forward! Just read an article about surging costs in US! This is driven by both lack of workers and logistic problems for spareparts etc! Oil will need to come closer to three digit for them to really fly! We are talking record costs over there!
” Record Costs Slam U.S. Drillers as Oil Output Growth Slows
(Bloomberg) -- America’s oil producera are boosting output at a slower place as record costs hammer the shale patch, according to a survey of industry executives.”