Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Gerry - Looks to me that WH is buying roughly every 2 months - so next purchase probably June on this pattern. Would be nice to see one of the new NEDs buy some as it would indicate they liked what they saw (as well as the NED remuneration!)
After that last very unsuccessful attempt to spread fear and doubt to investors on this the Board, I suspect the AQ handle is “dead in the water”. Probably time for a new loyal but extremely worried poster to appear - perhaps a woman this time in view of AQs concerns re gender balance?
Sounds like your learned friend likes to indulge in speculation just as much as the rest of us. But as the answers will now only merge with news and the completion of the audit, we might as well wait and see what actually happens.
WH was appointed CEO 15th March 2023 - not Jan 2023. In any case at the time everyone was getting excited about the licensing round. What a relief that they haven’t gone for anything. Guess if people knew then what they know now, pretty much no one would have shown interest.
Agreed. I think that’s always been their aim - a drilling campaign not a one shot gamble. The money just gives them much better negotiating leverage in the farm out discussions to maximise percentage and funding for a campaign.
After ice creams on EQ beaches don’t you think Scarborough might be a bit of a come down? Still a picture of a full cone followed by an empty one would at least be some evidence of their ability to progress an activity. Question is -would they have time to reprocess it 3 times before it melted away?
And while we are on depressing news, don’t know if people saw the Deltic rns today - basically sealing the coffin lid for small company offshore UK exploration imo. Have to admit an element of relief that it presumably kills off Serenity, as by now I was more concerned that attempts to exploit it might only drain our resources more.
hi copper - did you not see that english heritage have put out an holding objection because egdon have not followed their guidance on archaeology investigation on pipe route? another unintelligible **** up by egdon and could push back dates for committee. but having dealt with this kind of stuff in the past, the level of work required could easily be completed in one or two months at most, by any number of reputable archaeological companies. if there is any sort of delay beyond this in completing the work then i would be highly suspicious of what egdon/heyco are up to.
Arthur - that was almost poetic with its “hot air” and “iron fists” - but quick wardrobe changes and a holder who says they remain positive while telling us “not to fall for the Board”? Aren’t they the people you are relying on to deliver this project?
It would be the broker, not the company sounding out the market - if anyone was incompetent - although it’s hard to imagine that anyone approached in that way wouldn’t know they had market sensitive information - so probably would have little defence against such a charge.
The percentage of the PSC that UPL can retain in farm out discussions at this stage will affect all future valuations of the company - which is why it’s worth injecting the money on to the balance sheet now to maximise position in negotiations. Big difference between saying “we need your help to drill” and “we are drilling, so if you want part of it how much will you offer”.