Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They knew well in advance and this view is supported by this statement in the rns...
the Company has consulted extensively with its major institutional shareholders prior to launching the transaction and intends to respect the principles of pre-emption in the allocation process of the Placing;
In line with the Company's dividend policy, the results will not support the payment of a final dividend in respect of this period. The Company intends to focus on strengthening Jadestone's balance sheet before reinstituting shareholder returns once the Akatara development is on stream in 2024, or earlier if the financial position of the Company permits.
HtTps://www.energyintel.com/00000188-4eb4-ddc5-ab9e-eff65a5b0000
No matter the origin of the deal, it's now clear that Rosatom will play an outsized role in the world's largest uranium producer, even as it is slowly cut off from supplying fuel to nuclear operators in Europe and the US. Indeed, Rosatom's pro rata equity offtake from Budenovskoye-6 and -7 will likely by itself surpass domestic Russian uranium output, raising the question of what Rosatom will do with all this material. One obvious answer would be to sell it to the Chinese, although it's not clear to what extent Moscow has any interest in selling on yellowcake — as opposed to low-enriched uranium or fuel assemblies.
For the Chinese part, the CNNC Overseas deal with Kazatomprom will surely make a dent in Chinese uranium demand going forward, given the scale hinted at by Kazatomprom's filings on the subject. During Tokayev's visit last week to the Chinese city of Xi'an, for a Central Asian summit hosted by Chinese President Xi Jinping, a May 17 joint statement from the two leaders only mentioned uranium in passing, in a pledge to "continue to deepen cooperation in the fields of oil, natural gas and natural uranium.
Jono,
thanks for that point - the valuation for the company is based on, everything having been taken out, so the figure attributable to shareholders in the accounts, takes into consideration the fact that only 42.53% of the attributable revenue for uniteds share is received by the company.
as for the point re number of barrels - yes, I did a "range of one year" based on 462 bopd, and gave gross revenue at the same price used by the other poster - sorry didn't specify in that revenue figure, re the tax take by Egypt gov. - should have made it clearer
IMO and we all have different views on it, ...
net assets after all liabilities are about £16m in last accounts
After all taxes and charges on revenue - the total attributable to shareholders was £2.3m
from a valuation perspective as at the last accounts - you could say that £18.3 million is the current value of the company
that would imply a share price of about 3p
sales of assets, farm outs and positive drilling excluded from above
Back in march 2022...
ASD2 Well....The well has now been tied into the existing facilities and brought on stream at an initial rate of c. 2,100 bopd gross (462 bopd net) on a 28/64" choke.
as united hold a 22% share of the field, it means that out of the 2100 bopd, 462 are attributable to united.
This would imply revenue of 168,630 barrels in a year or about $11m at circa $66 a barrel to united.
Maths is the same in o and g, but it is probability not odds that are used..
4 to 1 odds
This means that out of 5 possible outcomes, odds are that there will be 4 of one kind of outcome and 1 of another kind of outcome.
This drill cannot be 4 to 1 odds, as there are not 5 possible outcomes - just success or not.
4 to 1 probability
There is a 80.00 percent probability of a particular outcome and 20.00 percent probability of another outcome.
this is how the drill cos is seen in the industry as i understand it - probability not odds.
Odds vs. Probability
Note that odds and probability are not the same. Odds compare one event to another event, whereas probability compares one event to both possible events. Thus, when the odds are 4 to 1, the fraction for the Odds is 4/1, but the fraction to calculate the probability is 4/5.
hence 4/5 chance of success or 80% on this drill
You will of course be aware that quattro is subject to a reverse takeover by jesmond capital in canada and they are "planning" a non brokered private placement to fund the qualifying transaction. They expect the reverse takeover and closure of deal with united to occur concurrently.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00050742
you will need to click on "1 May 2023 MD&A English" for the discussion surrounding the RTO of quattro by jesmond and the plan to raise money to pay for uniteds asset
Http://envoi.co.uk/wp-content/uploads/2023/04/UOG%20Walton%20Morant%20Update%20Flyer%20April%202023.pdf
The potential for 7+ billion barrels of mid case prospective resources.
https://www.afr.com/street-talk/small-caps-aura-energy-iperionx-chasing-equity-20230501-p5d4la
Uranium explorer Aura Energy was seeking $9 million via an institutional placement and a further $1 million via a share purchase plan, according to a term sheet seen by Street Talk.
The offer was priced at 18¢ a share, a 19.5 per cent discount to the last traded price. The board and management intend to subscribe for approximately $100,000 under the SPP.
Aura’s raise comes after the company tested the waters with a $5 million raise in March last year to nudge its Mauritanian uranium project Tiris into production.
htTps://finance.yahoo.com/news/uraniums-impressive-performance-troubled-times-130000500.html
Uranium was the only commodity to increase in value in February, as the price of nearly every other major raw material declined.
As the push to replace fossil fuels with lower-emission energy sources gains momentum, uranium has exited its decade-long downturn and professionals in the industry are excited about the sector's future.
today...
https://world-nuclear-news.org/Articles/Energoatom-and-Cameco-sign-fuel-and-uranium-agreem?feed=feed
The first of the bilateral agreements signed will see Cameco meeting 100% of Energoatom's need for natural uranium hexafluoride from 2024 to 2035 for the nine nuclear reactors at the Rivne, Khmelnitsky and South Ukraine plants for the duration of the contract. These plants have combined requirements over the contract term of some 15.3 million kgU as UF6 - equivalent to 40.1 million pounds U3O8 (15,424 tU).}
The second agreement covers the sale of Ukrainian uranium to Canada, with conversion of the uranium being provided by Cameco.
Kotin said that the two agreements paved the way for concluding a third agreement, on specific quantities of uranium product supply, adding: "Cooperation with Cameco is strategic and necessary for Energoatom, because together with Westinghouse we continue to move to Western standards. The development of domestic nuclear energy is possible only thanks to cooperation with our international partners."
from Kazatomprom results release today...period ending dec 31st 2022
https://www.investegate.co.uk/jsc-nac-kazatomprom--kap-/rns/kazatomprom-2022-financial-results/202303170700013469T/
The decrease in production guidance for 2023 in comparison to 2022 is mainly due to continued delays and/or limited access to certain key materials, including sulfuric acid, and equipment impacting the wellfield commissioning schedule in 2022.
and
Wellfield development, procurement and supply chain issues, including inflationary pressure on production materials and reagents, are expected to continue throughout 2023, impacting the Company's financial metrics and giving rise to an expectation that C1 cash cost and All-in Sustaining cash cost will be higher in 2023 than in 2022 Changes to the tax code of the Republic of Kazakhstan on Mineral Extraction Tax, which came into effect in 2023, will have an additional impact on the Company's financial performance. The expenditures related to the local social funding requests are possible as well. However, these risks cannot be quantified or estimated at this time.
and
The Company continues to target an ongoing inventory level of approximately six to seven months of annual attributable production The Company may purchase uranium from the spot market, while continuing to monitor market conditions for opportunities to optimise its inventory.