Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
RNS, Not happy with that AT ALL :(. I am not sure how much a horizontal drill at Welch costs or a couple more Stanleys, but $500k CAD could have produced oil. It’s Mosman OIL & gas...... this is just a load of GAS !!! Pathetic, the BOD, IMO, is another set of guys using the AIM for there jollies & pay thier bills. BOD Consulting fees !!!! Might as well have consulted “ollie the octopus R.I.P “. Poor Ollie got Sushi’d, by a axe-wielding chef...... Which is probably whats gonna happen to our $500k ....... Huff !!!!!! hope your weekend goes well. :0) S
Yep a jv in oz would be great, but really not sure of the size of baja? No i would be very happy with another 20-30bopd from another stanley well. Really need the YE to get a grasp on profitability. I still think flows will eventually rise at Arkoma & Welch too. Dreaming of 50k Barrels pa. that may make the whole company profitable.... here’s hoping.. :0) S
Yes its a grey day, its a long long term hold for me... my opinion is that the BOD struggles to focus & then maximise an opportunity, without somehow getting distracted. We had two share purchases and one loan, which have done us no good at all. We shouldn’t have got involved with either... we need a run of mature, solid decisions to blow away the past. I don’t mind the waiting, but they do have a track record of coming up with a, non-core, stab in the dark. We could easily be owners of a chicken farm in wyoming !! Or Stanley2... they are capable of anything IMO... ;0) S
Well here is a bone to chew on , 100bopd at $70 = $2.5m or AUD$3.6m. In the last full year accounts our income was AUD$70k ish..... No idea of profit per barrel, its not a dinosaur bone, more of a rabbits foot.... ! But its a bone... relax & be patient. But I do agree there is a creditability gap with the BOD. GEM was no “gem”.... Keep the faith... :0) S
Yes, seems like it... we have just hoovered up yesterdays 2x1m sells, so we’ll see what happens now. I have topped up again under .50 today. This was .67+ no so long ago, so another production increase through stanley 2 would see this up towards/over that IMO. GL what ever your strategy :) S
Morning. I Bought in yesterday. The market seems muted by todays figures. I think they are more concerned about the oil price. I’m in because of the apparent strengthening of this company & the dividend yield is over 5.5% now. Whats not to like..is a LTH for me. GL.
Three points to remember IMO. Firstly the company is due to make £500m plus. Secondly, the projected savings are not coming through YET. This is an asset rich company. Its no House of Fraser. 40%+ drop from year high? Dividend maintained? I got in yesterday. 15-25% in a year (including divs) in the bottom draw, see in 6-12months. :0) S
Not sure 5p next year sweaty, but the.49 will be a seen a bargain & a distant memory soon. I agree the placement drag has gone in the near future. Overall Production will continue to rise & Arkoma will be improved too. If Norseman could even just repay our investment, it’d be great. But i do have a little sneaky feeling that might have a great little surprise hiding underneath our investment there. JB was adamant to get hands on it, i’d like to think he saw something very benefical for MSMN. This will gradually, IMO, head north as the “loss-selling” dries up. Good news will then take it up a level .65+. Enjoy the ride upto Christmas. S
Afternoon, congrats spary on 10k posts :) stanley should be named “spary2” in your honour. Struggling to understand the trades over the last week or so. Its a pattern I have not seen since I have been invested. My only thought is that as each day goes forward there is a greater percentage of stock that is being locked away. IMO all sales are being done at a loss, this will reduce until it finally dries up.... we should see the price easing up. .55-.65 is my thought on where we should be. Arkoma is still a headache until production increaes there. It is in a very good area of the country, so one could have expexcted a greater return on our investment. That is a drag on things. However the decision on the extra 6% was a great decision. Stanly 2 should bring in better returns. My eyes though, are still on Arkoma, if that improves then we will be move forward. Its a drag on sentiment at the moment. This is an excellent LTH and .49 is a gret entry/ top up opportunity in the longterm. GLA - nice one spary- here’s to the next 10,000. Your a legend :0) S
Its just the classic “not in my backyard” . I used to work at Manchester Airport. People would buy a lovely house, then complain to me its near an airport and there shouldn’t be any noise. But go ahead and use the same airport to go on holiday from... :)S
Interview was solid. We are still making progress. I’ve been in a few years now, its a LTH and “buy in the dips” investment for me. We are making slow steady progress. For those not here long, Revenue for YE2016(june) was zero !! YE2017 was AUD16k !!! YE2017 will be @AUD 1m+ and if all goes well YE2019 AUD 2.5 - 3m. We are getting there, too slow for AIM to take notice. But IMO, we turned a corner last year... its a great LTH. Patience will be rewarded.. :0) S
Hey sweaty, you missed out one.... The final results in november??? For me its the most important. We can finally (hopefully) get a clearer idea of profitability? Other than that yep, there quite a bot to look forward too....S
Hiya, no i just keep high’s purchase, lowest sale price per day. Also the volume wich is easily available else where. Guess I could start that too. I find if i write itdown its easier than all the computer graphs etc. I find the lowest price sold per day is very important, it tells me more the mid, closing or higher value. The spread also gives me an idea too. Paper & pen, old fashioned but good for me... 0.525 is a snip of a price IMO... :0) S
Hey Spary, Very strange ? The sellers MUST be selling at a loss ? but they still keep coming to the market and selling into it. Bizzarre. I have no credible answer to it. Been in this for years, only saw this once or twice when bad news was coming. But this is something quite different. Bonkers. If you wanted to sell why not do it earlier in the week and you could have got .63+ ? you've just sold for 25% less ? madness.... Shame my investments are not liquid, this price is amazing (unless there is a mosmageddon hiding round the corner). With the normal share fluctuations you could make 20-30% in the next two months or so, IF the usual fluctuations are the same as they've been in the past. We are living in strange times my friend......strange times....:0) S