Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hey Spary, very strange market this week. 5m shares traded in half an hour or so, late Tuesday, followed by 1m in a day and a half... I keep records and can’t see this before. Its as if someone has turned the tap off ;). Selling dried up and buyers sitting on thier hands??? As a chartist, this is a very rare and interesting time?? Regards. :0) S
Morning WTF, IMO its down to three points really. May’s placing, deferred hope at Arkoma & the two share purchases.Although the oil production is improving and heading in a LTH direction. Those 3 are casting a heavy shadow & its difficult to shake that off. IMO the board needs to bee seen to consistently show good judgement. Its all about belief in the board, backed up with sustained progress & good judgement. To sum it in one word, “Trust”. The figures are improving well, but there seems to be this shadow across the share. Spikes in s.p is all we get, sustained s.p will come as those 3 things fade in the rearview mirror. All my own opion, people will disagree I’m sure, but thats why we are languishing, but with figures improving, we will get there. It wiuld also help if the BOD bought some more shares:0)S
Yep,disappointing, but not surprised. I got the feeling the brakes were coming on a few months ago. If it was a blinder of a bopd project, they would have snaffled the stake asap.
But on the other hand, Welch 50bopd, 25-30 (when running) from Arkoma, Stanley 25 ish - + bit and bobs. @100bopd Msmn is producing. That's better than this time last year.......We still (most annoying of all) have no idea of profitability, but with Stanley 2 (poss) Welch development etc - we are still a nice little company if you have $2m in your back pocket to play with. Slight over-reaction on the s.p, but IMO it will put a ceiling on the s.p for a while, unless there is better news. Ho hum.....That's oil for you :0) S
Morning all, Nice little RNS this morning, with a probable upgrade in the amount if revenue MSMN will receive from Stanley. Not enough to “Boom” as some have hoped. But with news to come, its another proved income stream. I much prefer these incremental building blocks, than the Murchinson, something, sometime, never.... say it settles at 25bopd for msmn, thats a steady $500k of sales p.a. Nice investment for the $135k it cost. No profitabilty per barrel yet, but whats not to like. Enjoy your days... :0) S
Morning, Not surprised about the selling this morning. Fuss abt nothing really. The RNS will have changed the minds of some multibaggers, thats all. The volume is very small so far, if it persists all day & the final volume is 20m+ then thats worth a notice. But on the other hand... if you can get some shares sub.55 then you’ll have done well IMO. Best go off and do something more important than watching the s.p all day, my humble suggestion is we all go and enjoy the day... God bless those who sold....they’ll kick themselves when inevitably goes back up.. take care & don’t add fuel to the little fire by selling. ;0) S
Morning, interesting little RNS this morning. Nice to see welch ticking up.... each barrel is 21k more of income p.a. Its seems like the U.S meetings next week, could well set the the strategy for the next season. Looks like they might be both investing and pruning what we are doing. IMO they’ll be a more substantial RNS later in the month. Only “fly in the ointment” for me, is the utter lack of info on Arkoma, no flow rates were mentioned again. It was a major investment, but nothing in the update?? I know there has been storms etc, but a bopd figure would really help...... on a side note Oz may need extra seismic work....so those still holding thier breath, might want to start breathing again, maybe a while yet, they have time... Anyway enjoy the meeting,if you go ask abt Arkoma production please.... have a great day... :0) S
Hopefully your not in america and you’ve just made a call ??? Not that depressed I hope ??? If its a car, Nice, but I’m a jag ftype myself.... overtake me anytime.... too old to race now... fill my time with bb’s now.........Oh God, what’s that number again?? Lol ;0) S
Yep, if the positive news doesn’t come through, we’ll all be in therapy......wonder if they’ll do a group discount ??? As long as they don’t start the therapy with the classic “ we’re trying to put oil on your troubled waters” etc etc, Then I would loose it. See you in the ferrari garage or therapy !! ;0) S
Afternoon sweaty, understand the fustration in the s.p. My little theory is that the AIM runs on speculation and news... Therein is our problem, we have neither, in sufficient quantity, to be noticed above the activity going on elsewhere. NTOG, UKOG and others have the limelight at the mo. The good news is, in the AIM market, shares can rocket & plummet, so you make(hopefully) big % rises compared to the ftse100 etc. This s. p is about right, but easily could bounce up 10,20,3040% in a day. Patience is the obvious, boring, annoying, part of the AIM. I had ntog at 0.4 once and bailed, msmn will spike sooner or later, so I for one am happy to hold, got my average slowly down, only a placement can mess it up now. Annoyingly as it is.... chin up :0) S
No idea Spary?? Stanley expected between 30-60 after RNS, Arkoma around end of September. They could both arrive in the same time window. Oz, well the RNS ( 4/18) doesn’t give a timeframe for reporting results?? I’m with RD, if they had it & its good news they would release it. But it all needs to processed by 2019.. Still if the opinion that boosting bopd is the priorty for BOD at the mo... but good news is needed to get the sp moving.. S
Could be sometime...:( the RNS from 4/4/18 say schedule for “ acquiring & processing 100km of 2D seismic by 8/2019” so that gives them another 12 months (max). So may well be a little wait. However you can get some other news, by looking at the companies that surround & are working on the areas around our EP145.... GL
Hiya, another difficult day s.p wise. IMO it matters not, the fundementals have improved withe the SCC ,but what we really need are positive flow rates. If that comes it is irrelevant what Bergen, the MM’s are doing in the short term, the s.p will rise. This is just a small window if time, the convertables were going to converted someday, so in book this will pass.... then it will be down to the bopd & profitability. Try & chill, we’ll be ok. Don’t panic & sell... S
Oz gas is a great asset which will be developed over the next couple if years (4/18 RNS). Will be watching what is happening around with the other players in the basin area. Short term would be nice to see the flow rates at Arkoma & stanley. Welch was well up in the last update, so a continued increase must feed through to the s.p sooner or later.. pls God. Some nice buys today... so still interest around. S