Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
GP - Your “best friend” did post an email response on Twitter from WH saying flowrates end of this week - but as Egdon were presumably providing the timeline, it is completely unreliable! My guess would be sometime over the next two weeks.
Think too many sold for him (says a lot in itself) - I was thinking more likely one of the ultra disgruntled giving up - or could simply be a trading group trying it on - sales look too sudden and persistent to be just coincidental.
The obvious question was why if it’s so good didn’t one of the majors grab it - which they explained really clearly. Could we finally have had a lucky break? I guess only a farm out will answer that - but they are at least giving themselves a short timescale on landing that without too much extra work.
Same with UJO - seems very thin trading today, market not really got going yet. Let’s see what happens after EQ presentation, flowrate update, Cloughton news and hopefully Irish licence extension this month. Seems that there has already been a slight shift in sentiment - we will see if this is just New Year optimism!
Makes clear that with this CPR upgrade we are not yet halfway through Ashover production
https://www.proactiveinvestors.co.uk/companies/news/1037271/europa-oil-gas-starts-2024-with-a-bang-1037271.html?viewSource=TwitterUK
I’m not convinced that share buybacks really work for companies like this (they haven’t with UJO). But I would love them all - including the new non-exec - to start buying more shares themselves. Look what happened when WA bought a decent chunk last April. The SP was at 1.6 in no time - so I don’t think number of shares is a real hurdle if there is significant buying going on.
Well if newsflow drives SP January will be a busy month. EG presentation on 3rd - Inishkea licence technical ends on 31st. In between we should have update on improved Wressle flowrates, the Wressle CPR, submission of Pstones planning application and an update on Cloughton drilling location and next steps there.
@Aimshame. Spot on. He says he is looking for a farmin in 12 months - so we can judge. What we need to avoid is a never ending cost creep of Morocco. Either a major gets interested or they don’t. $3m won’t break the company, but endless reprocessing will drain it with no likely return.