Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This stock is undervalued now, they rejected a takeover offer of 250p Thats not the reason i see this as undervalued by the way, i have my own formula that WB taught me. Peeps can go buy an overvalued stock if they like.
samadhi, did you miss what riddler said.
Prospective resources have been calculated on three prospects: Global's primary structure, Gemsbok, as well as Dik-Dik and Lion. A total of 3.66 billion bbls of unrisked gross technical prospective resources (Best Estimate) has been estimated in the Blocks. Global holds a working interest of 85% and is operator for the Licence. Of particular note, the main Aptian Carbonate reservoir at Gemsbok has been estimated to have Best Estimate unrisked gross prospective resources of 1.1 billion barrels of oil with a probability of success ("POS") of one in eight. The POS for the deeper Syn-Rift section at Gemsbok and the Lion and Dik-Dik prospects is lower than the main Carbonate resource at Gemsbok but the oil resource numbers are significant. Gemsbok, Lion and Dik-Dik are identified as dip-closed structural traps, which the Company regards as particularly compelling since previous large prospects identified by other Namibian operators have mainly been stratigraphic in nature. Oil seeps seen on satellite close to the mapped prospects and work on source rock maturity based on the recent 2D seismic mapping has further reduced the play risk, and it is expected that the POS will increase further following the planned acquisition of 3D seismic data. These trolls are desperate and sound like they are mothers to me.