Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
mibo, that's about a grands worth.
Youll find this share has a habit of rising and falling.
Its better to just bottom draw and come back next year, when its likely 50p-£1
Even valued on cash alone it should be around 20p, just on cash!
Cash 20p
Add dividends from Poly shares, circa 300k a year, which you could class as risk free revenue
Then add BP101.
If you valued the company on cash and Poly assets alone you would be 20-25p.
Factor in BP101, and the IP, and the stock should really be valued fairly around 40-50p.
But this is AIM and true value often not seen.
BUT, its these sort of stocks, if your patient and don't need the cash, can make you a fortune in the long term.
End of 2020, when BP101 goes to market, I am fully expecting £1 a share, and there is no need to dilute, given 19mil is cash we can call on!
This really could be share of a lifetime for many.
Coffeecups not sure I agree. 100k is around £10k, and looking at the buys and sells of those they appear to either be moving at a loss, or a very small percentage so I can’t see it’s worthwhile for any trader to be trading on 5% movements for £500
Although on the flip it’s been a rather consistent pattern so you maybe right also. Who knows!
Although reporting someone because you don’t like what they say is rather childish
That’s what the filter button is for, not reporting as everyone would be reported every day accross every board
It’s a discussion board ;)
Red enlighten me as to what we will be raising for after the £2.8mil in the bank, WN well tests paid for already up front. Wrestle and Bisc quick production with costs already mostly sunk bringing on free cash £2mil a year.
Overheard under £1mil a year to run the company
UJO won’t be drilling another well on WN imo. It will be sold and if they do, we have cash
UKOG however shares and loans like confetti for a few hundred bopd
Oh the predictability of some on here for their own means and gains
Anyone would think UJO only has WN lol
Transparent
Whether your UKOG or UJO, who cares. All I care about is what stock I’m invested in. Simple. Couldn’t give a t055 on others
lul before the storm
1) We don't want another Bloe - state they flow 1000bopd then say actually its 300bopd and share price crashes. Accuracy is key and I for one am happy to wait
2) IMO it doesn't take 2 weeks to work out its not flowing/commercial, you would know this within days of mud clearing
3) Interims - key word by Clive on A8 "production flow rates" PRODUCTION
4) Should be perffing other deeps this week
5) Cornerstone investor family heavily invested with skin in the game
6) Own your own rig, massive upside next year on low hanging fruit to bring the company cash positive
News rich period. Just need ONE of those deeps to flow and you can forget this price.
If A8 comes in, the next 3 deeps are a bonus given its been derisked with A8 plus shallows
As ever DYOR, but very exciting time, short, medium and long term
Broker note 80p from memory on upside with successful results and 35p at current position
Problem is you have a rise then it’s sold into and dropped 1-2p. Rinse and repeat each time
Q4 positive results should see a significant Re rate
Am I wrong? No.
Who is the joker? Because you hide the facts?
Happy to debate but clearly you can’t
Tell me, has the company got money? No.
Is it in cash saving? Yes
Debt? Yes
Raise likely to stay afloat? Yes
Pumped following by dilution .
As I say happy to debate but too many more interested with one liner factless ramps than disuss facts