Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If we are on a fixed price contract how is the average calculated ! Contradictory or what . How can we work out anything if we don’t have a calculation number so then guessing becomes common , which upsets a few .
The average sale prices achieved during the period was US$89.53 per barrel for oil and US$4.13 (January and February only) per MMBtu for gas (in each case after transport and processing costs but before royalties). Current prices of both oil and gas have increased since the end of the quarter, with the Henry Hub reference gas price currently in excess of US$7.50 per MMBtu.
FF totally understand that things sometimes just don’t work out ! That’s life !
I just go on what is expected from knowledge base BOD as l understand , so when l read an RNS or speak at conference with them l want to know the positives and the negatives of what is coming up .
It’s been a long road both for me and them in this so l hope that the positives in cinnabar come to reality and l can move on from past disappointments as l believe l have ran the gauntlet with them .
Get this home
My opinion
Given the feelings of posters and the current production position we are just hoping that Bod do the best for there share holders. My position is what it is and that’s tough ! I’m hoping oil price stays at $80 + and with unforeseen fortune we could be in better position this yr .
Just a word to BOD listen to share holders they are your Freind not your enemy that’s why they invest there money in Mosman .
Funding issue alternatives or consolidation whatever but think of shareholder when deciding as we are your shareholders .
My opinion
Thinking that if we have found the value in the asset why are investors not hammering our door Down , the numbers on paper should show we are good for a loan or large investor ?? If not what is holding back the growth asset ! RISK is the one element in my opinion we need as RISK involves loosing all inc BOD jobs etc . We are operating but purely in my opinion for the jobs that our investment funds created .
And again In my opinion the only one making on this is Rig company as we find they make which is fine but there should be an element of you have our contract and negotiate the contract for well 2-3-4 etc .
Read the chart over 5 yrs
VALUE !!! My chart for my business given recession / Brexit / Covid / another recession is up 600% as l don’t borrow but grow through production and take less in wages but my employees benefit from my running a strong ship !
No bluffing a chart , we need to be able to be heard as it is a business .
As a shareholder and with no say other than buying or selling l for yrs have been buying on the potential of share price growth as would be expected !
After many yrs and many RNS s the understanding in my opinion ( maybe incorrect ) l am told that we now produce and others can buy shares inc warrants in billions far cheaper than l could at every placing !
Reading posts saying :l would certainly not buy at present why would BOD ! All this needs an explanation that investors like me can understand .
I gave money (investment ) on potential return based on how this is run and circumstances of which funding type and application is applied .
Question is dilution in a growth company a wise or only option , if so see ya.
I don’t see as we will be any further as my investment angle as placing is just diluting our share price so l see it as placing dilution loss of investment me as a holder which l am and it never changes , BOD need to understand l as an investor are making 0 ! no point . And it’s producing more ? .
If raise ! but l thought you were to the opinion there was no evidence of that ?
Video was just what we know ! I said Sunday that raising funds at a Heavily discounted rate dilutes existing share holders as price drops and as video states that some projects flow Subsequently fail that leaves company with masses of shares and no return on that project ! Then it’s repeat ! If we raise this time below last placing price l am in my opinion that this will never in my mind pay my investment back . And l will lose , let’s hope not
If that actually happens l will be very pleased !
But if and when it happens let’s hope we push our position there in both 145 and 155 as these are assets that should have started to put our share price higher even on speculation ! We have to stop diluting as l have just had enough of holding confetti . Raising for paying rigs to drill to produce our amount makes me feel l should have invested in rig companies .
It’s just covering costs all the time for investors hence the chart and share price .
My opinion my money
Exactly ! What is the hold up to get this historical snail to next seismic stage , if the potential is there we need to get it started one way or other , it’s been on the cards for years with time spent on it which is costing funds l would imagine . If Georgia energy are not going ahead why the wait ! Don’t say money .
The ongoing exploration work programme on EP 145 is to acquire seismic prior to drilling an exploration well. Mosman has applied for the required regulatory and Central Land Council ("CLC") approvals. The CLC has conducted a site survey as a pre-requisite to land access approval for seismic acquisition.October RNS has the result of the pre-requisite land survey been given ? This is as important as funding as this is the opening up of any prospect hopes ?
Ford the add value part of your discussion is the part that l feel in my opinion is the holding back of share price as the dilution of a few billion share on top of the billions of shares current / warrants just looses the appeal of any investor ,simple really .
Warrants are a form of funding but never get to the point of use for raising funds for production as we always raise whenever a new well is projected .
Just let’s imagine the scenario of : as of now we hand 6.8 billion shares and warrants to whatever !
We then raise funds on expectation and report of 1 st drill ,
Cinnabar and work overs etc so more billions added to the above .
My point is where is the expectation to add value without diluting the value as the share price which is just a lead weight to my portfolio has just been allowed to drift lower and lower after each placing .
This concerns me .
Discussion needed in my opinion
My opinion is unless Cinnabar produces above 200 and work overs add to existing tally there is no point in spending 4 mil and maybe more on producing other wells which are only after costs just about cover 4 mil so where after a massive dilution of billions there is no point as the shares are so low now ! Maybe lm missing the point !
That’s in the assumption that each well found 200 and more with no reducing numbers for 2 yrs . - operating costs royalties etc .
My opinion