Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I share the view that the next two RNS’s will be the y/e 2021 , Employee share options on 01/07 , which I admit are in lieu of salaries reflected in the balance sheet , ( cash v dilution ) .
Spud news and 2nd Quarterly Review will provide the stimulus to re rate the SP. After the middle of July we will see an uplift. Flow rates on WR1 should be out mid to late August.
You haven’t done your research have you Geowiz
Sometimes people forget this is all about gas , oil is just a bonus. There is a lot of gas which is currently enjoying record high prices. The infrastructure is being installed and when ready the numbers will be huge. GLA
News is well overdue, but there must be a reason for it, time will tell , 2nd Quarter Update in the next couple of weeks . , will be more informative than figures for 2021 yr end accounts.
And on such small volume
Why have 2 Price Monitoring RNS’s when the SP has not moved significantly up or down ?
Total speculation of course , but yes Chesh that would make sense.
The latest annual results can be announced is 6 months after the year end which is 30th June or 1st July. One of the reasons for this could be to keep the Share price low to have one more issue of employee and director share options at the beginning of July , possibly the 1st.
Thereafter we can expect Spud news, Quarterly update and flow news as well as non dilutive forward financial planning . This will then drive the SP forward IMHO. GLA
There wasn’t 3 million sold last week, probably not even 3 million traded last week, very low volume as everyone waits for news .
They have until 30th June to report 2021 ye accounts, 01/07 or thereabouts it will be a final Noses in the trough. Followed by Spud news and 2nd quarterly update. Flow rates august or September. Share price 7p or more by end of September .
It’s Royal Ascot, the city is concentrating on Racehorses today .
Meanwhile Brent Crude breaks through $125 a barrel
Buyers returning picking up some cheap stock prior to news. GLA
Meanwhile Brent Crude $123
I don’t think anyone is expecting anything but a loss for 2021, as you say Hepseal it’s the accompanying statements that deal with the future plans for the company. Especially an update on the sidetrack WR51 , financial projections with the benefit of higher oil & gas prices . Future opportunities and operations over the next 6 to 12 months.
AIM companies are required by the AIM Rules to publish their annual audited accounts within six months of their financial year end which takes us to the end of June .
I expected more buying this afternoon, was expecting people not wanting to be out of this over the weekend. Anyway I should be pleased that the SP is holding up against the market. GLA and have a great weekend. Here’s to next week :-)
Y/E 2021 report and accounts news imminent if not overdue, as news is overdue next week is nailed on and only 4 weeks to quarterly update. I would have thought that buyers will return this afternoon in anticipation of further gains next week. GLA
Meanwhile Brent Crude hits $124
Last September the SP was circa 2.8p, a lot has happened since then, the oil price has doubled and we are producing more oil & gas , and more in the pipeline so to speak. I don’t think the SP has caught up with it’s true value yet, and yes Quant it could certainly double from here in a matter of weeks. GLA