Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I totally agree with the first part of your post in respect of a “rat in our nest”Today was for me an all time low for conduct on AIM.I think you try an act as an honest and impartial observer in these things which is good to see ,but on this occasion I’m a little surprised at your leaning to negative thoughts.Although they clearly have not got to the sweet spot a twenty foot oil column is a significant probable pay zone. I do say probable ,as nothing is certain until wireline opps are complete.However , I do feel that the chances of commercial find a very high given the known geology and the mere fact that we have located the oil structure ,be it less than the optimum location. I am bullish but would be interested in knowing your reservations atb
When ICM sold it was only adult content,The whole perpose of the sale was to extract better value by way of the mix with MMX .A sale of MMX now would further reduce the porn content visibility,thus in my view a non issue.
Clearly some who have been stung today will want a price that is no longer available and will spin a failure message.its also clear that this RNS would not have come today without the disgraceful antics on the market,it’s a very encouraging but incomplete picture . I anticipate a good commercial find ,though less than expected ,which in my book is a good result.
BBN. The point of suspending a market is that there is no market in which disorders can continue.You wait 5days for the result if need be and then its one thing or the other..and not the chaotic disorder we see now.
I would think around the £150m mark . I do not agree that there will be a discount for ICM ,it’s all in the mix now .
I agree Silverblade. I certainly have higher expectations for an eventual buyout of the company. The beauty of the company is the now predictable annuity income which will appeal to not only interested industry insiders ,the candidates having been noted by SL in the past ,but also to hedge funds etc.I am working on a 16p price ,a price I am sure most would be happy with.more would be good but 16 works.
I agree with you Bakky,only if this rate of growth is maintained I think it will be much sooner than your timeframe.MMX has to be on the radar for any serious player in the field that can afford us.The synergies involved make us a compelling investment.
Look out for .Luxe.Suddenly it has jumped by 2k to over 8k now.This is really excellent news and I hope the start of a major build up.
Although I'm pleased yo see some upward price momentum , I still consider MMX to be at a depressed price , the recent move only makes a start on reflecting the operational reality we now have.
Adultblock,an improving .Luxe,London pay off and a dividend are the news items we can look forward to ,in addition to the impressive bread and butter day to day business performance. Atb
Added 147 today ,largest daily total for a.long time..
I cant see that as possible given the signal is more towards lifting guidance.All evidence points to substantial growth and even if Adultblock didnt live upto expectations ,its still making a bottom line contribution.Thia is the market starting to accept the reality of the MMX growth story.Still a long way to go for the SP.