Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Zac0. That is a really interesting comment you have provided as to where you are reinvesting. I bought Legal & General for the dividend and have been considering where, if I were to sell, I would reinvest. Not sure I’m quite ready to do away with income altogether but it’s nice to see some potential alternatives for consideration. They seem to chime with the type of opportunities that my stakeholder pension was invested in, comparable risk profile 6/7, and that has done very well over time. Food for thought. Thank you.
Zac0. That is a really interesting comment you have provided as to where you are reinvesting. I bought Legal & General for the dividend and have been considering where, if I were to sell, I would reinvest. Not sure I’m quite ready to do away with income altogether but it’s nice to see some potential alternatives for consideration. They seem to chime with the type of opportunities that my stakeholder pension was invested in, comparable risk profile 6/7, and that has done very well over time. Food for thought. Thank you.
First time ever with this share I made the right decision. Nothing to do with Turkey but only just caught up on the rns of yesterday and realised enough was enough. I sold out my holding 24 minutes prior to this last rns! Phew
Some time ago, after an attempt to hold the board to account for their poor performance etc., the dynamic duo of CEO’s promised all sorts of improved communication with shareholders.
Well, where is it? Why do the CEO’s feel it is better to buy back shares instead of returning ‘spare’ cash to shareholders directly? Is it because once the buybacks are done they can issue more shares to raise further cash to squander on rubbish investments. None of their actions make any sense. West Newton has gone to sleep. Our one asset with potential is sitting idle with zero tangible progress.
The sudden rush of rns’s over the past two days has me on the edge of my seat - not! I do hope the rns drivers are able to slow down their fast pace in time for Christmas. The complete lack of any credible dialogue with shareholders or a clear and obvious strategy pathway is a disgrace. Not that I am in the least bit disillusioned by the UKOG story to date 😜 as we have produced more worthless shares than many comparable oil companies. 👍The only saving grace of having a farm in partner is that the partner might actually do something? 😳 Rather like our fast and furious Turkey progress. 🤷♂️ Or perhaps that is hope rather than current UKOG experience. 👎Perhaps all will be sorted by COP 2050 but by then ……. Does Greta T do a decent rns anyone? 🤣
There appears to be more stability in the workforce. Plenty about revenue growth but potential for profit seems opaque? Revenue does not equal profit so is there any realistic prospect of doing more than tread water? Heavy emphasis on governmental contracts seems to present an unbalanced picture. Given the current high level of government debt surely it would make sense to have more non governmental work contracts in case austerity measures are brought back in earnest. Perhaps the year end results will be more transparent.
Guns available now. Not before time in this country where it is apparently easy to get from discovery to production in double quick time. So will it be Turkey for Christmas or nut roast? The moment of truth approaches.
I can hardly contain my excitement at the furious pace the Turkey operations appear to be moving according to todays RNS. Will we be enjoying Turkey this Christmas I wonder? Perhaps we may have to make do with the vegetarian option. This is one gift that may disappoint. Only SS can tell us.
It is important to note the comment made about the anticipated water break through in the infill wells. The high oil produced rate can change significantly when this happens. We have been made aware that it is expected so best not to put too much emphasis on the continuation of the early high oil rate methinks.
The daily increases in the oil price must be a sound base for earnings at the moment, more so now that production levels are being re established. An extra $ per barrel is ‘free’ money as no significant inputs are required to earn it. My car says keep oil prices down. My portfolio demands the opposite. Why is life so complicated?
I wonder what other patents are pending? I would expect that driving that process to be a key activity? It is pretty fundamental to have them in place to secure the prospects and future prosperity of the company.
Gr8 report on the local BBC NE news tonight re the supply of 30,000 tons of steel for wind turbine piles supplied locally and to be processed by Severfield. See the tweet on X by local mayor Ben Houchen for more detail. Surprised there is no rns yet.
Fully expected water to be produced at some point. That is normal. What I do find remarkable is the slow progress of the next stages for the development of the asset. I don’t get a sense of urgency. Have the operators gone to sleep or maybe on holiday?
Realistically the alarm has done its job. That’s why it is there and working. The oil and gas operations environment always has potential for things to go wrong and good operation is about production safety and the environment, not just the bottom line. I don’t expect the operators to ignore a warning sign and am very pleased they are acting quickly to resolve matters. I have full confidence in the operations team doing the right thing, that in part is what attracted me to this company. I feel the prospects for the company remain on target in the long term. Safety, a priority in the Oil and Gas sector, is part of the cost of investing in such operations.
The Rns today has answered my question for me! Considering all the headwinds that face the house building industry, and more especially so in Scotland where rents have been capped, I feel the Rns was very positive. I shall look forward to the September update and if funds permit may add further to my holding.