Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
just a couple of million times in magnitude different!
Our old friend Nick Grealy mastered this topic with good background articles and tables.
This discussion is ridiculous!
Great news: drilling in Igas Tinker Lane site has started!
Lets make it into: Tanker Lane!!!
game on!
Finally these anarchists are losing.
Clearly one of our ''friends" has been moved to a place that protects him to himself. I wonder why a guy like that is allowed to post so much drivel, as I had assumed there would be some minimum standard on this site.
Anyway, with the oil price moving up inch by inch, it is all the more clear that the results of Igas will develop strongly.
Also, the flow rate of Balcombe and the progress of shale in the UK should play a part in the development of the share price.
It would be reasonable that the price moves up to 170-185 over the next three weeks.
Just saying...
Given current oil price, government policy, shale activities in Igas, the free carry of 240 million gbp; Within three months we should at least see share price between 1.30 and 1.50. And even at those prices; what a bargain!!!
I couldn't agree more. the difference of $30 is full profit meantime government has made legal process more realistic so only positives share price today should be well over 1.00
That's a profit of 0.2GBP per share.
This company does not have any debt. ZERO. just saying....
Ok, I would agree that at these prices (basically anything below 100 (taken into account the enormous drop over the previous years) is a strong buy. This week activities have started to construct the yard at Tinker Lane. In relative silence. Security fencing has been delivered, so built up has started. Good news!
Works to construct our exploration project have commenced! It took long, but finally shale progress.
Today the price of this share should have gone through the roof. But it doesn't. That is how disconnected the people and investors community are from understanding the energy situation in the UK. Yesterday it was a perfect storm. A 1000 year storm. A black swan event. Nearly the UK lost its ability to keep its energy system operational. In a matter of hours the following happened; 1. North Sea pipeline system down for oil for couple of weeks 2. Rough underground storage spitting out its last reserves, closing down for full year of refurbishment 3. Bacton interconnector down, so no supplies from mainland Europe 4. Troll Field Norway 1/3 down due to unscheduled maintenance. So no supply from Norway 5. Only 1 LNG tanker scheduled for UK this month 6. Baumgarten pipeline explosion. It is the backdoor into Europe for Russian gas. Italy within one hour called an energy State of Emergency. Prices went up 50%. Only one supply route left for Russian gas, Nordstream. So, Whilst in the UK we tend to throw sand in our own machine by giving the floor to Anarchists, Swampies and Google studying housewives, the reality is catching up. It is not just a theory that a situation like this could happen, it did happen. We are lucky Bacton is back up, but it takes little imagination that the UK can be brought to its knees in terms of energy in a matter of hours to days. We use over 40% gas for electricity generation, and 80+% for heating our homes. Clearly, there is a role to play for solar. But the sun don't shine at night. Clearly there is a role for wind. But the wind don't always blow. What happened yesterday is a total game changer for UK energy. I think on very high level some intense discussions will take place and scenario planning is not even necessary. It really happened!!!!! Should that impact IGAS? Well, do you think we now get more support to develop local resources?
because the price dropped it is a very good opportunity. Your see the world based on your wrong decision of buy-in this share at the wrong price! I hope you break even. That is the time I sell. At huge profit. This is the time to buy!!!
In and out during one day? As if... Overvalued? Please, give me a break. Current operations profitable at oilprice over 45$ No debt on balance sheet Free carried exploration program of gbp 230 million Current market cap gbp 118 million Current market cap should at least be corrected upwards because of 2 reasons: oilprice hedged for part production so nobdownside risk. Current oilprice $60, so healthy profit margin. At least 50% of the free carried investments should reflect on top of todays share price. 150 would be a fair price for this share, and I expect to see this fairly soon.
Silence is Golden.
You're wrong
Meta4, Your assertion that before restructuring 87% of shares was with Australians is incorrect.
The way I look at the business is simple; £230 million of 'other peoples money' will be invested on Igas assets. That will create a value of at least today's valuation, butpotentially a multiple of what these professional parties invest (else, why would they?). That means it is quite a good share to buy at todays share price; even better at lower prices! Actually, the more I think of it, the more convinced I get!
The gact that the ticket gets cheaper is an opportunity. The game to come is still the same game. Geology has not changed. If you dont believe in that, yiu shouldn't have invested in the first place. Sorry for people that lost a lot, but I only have an opinion on 'today' share price,+/- 10cts It's really cheap! If it goes down more it is even better. In 3 years is will be valued at an multiple.
At this level it seems good value. Taking into account all the legislative changes now implemented, EIA's conducted, field work, sites selected, permit procedures status and the restructuring of balance sheet. Also the carried development of shale for IGas for £200+ million. The conventional business has also been restructured and reaches break even at far lower price levels then previously. This is a very cheap ticket to a very big game.
Dear me, so sweet of you to join our discussion AuntieFrack! Thank you for your guidance. Indeed, it is not totally 'free'. There is some money involved. They need to pay a couple of acres rent for the pad, not for any around it though. Indeed, there is a 1% fee to the community, which is very handsome. And then the 100k to the community + 2000 per lateral. This could well be many millions per well pad, if the super pad strategy materializes. Let's hope so! If the Bowland is proving its potential though, the value would be anything between 1 billion or a heavy multiple of that. The Capex to get to that position was xtremely low. Still, thank you for your enlightening insight into the cost per acre.