Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks Carribean, I seen the recent one about making a special purpose vehicle 50% private investors and 50% mnrg with us having the casting vote. Also in Feb when they mentioned the Romanian interest they talked about financing solutions for the transaction. In paricular a debt development package, which we they believed was the to optimal way to fund that transaction. I may have missed a more important rns but would I be correct in assuming we be funding our 50% of the special purpose vehicle with a debt development package? I wonder what sized project the UK oil and gas will be? I got the impression from rumours that the Romanian was likely quite large hopefully this is also.
With the risk of sounding stupid how will we afford to acquire this UK oil and gas company? Will it be loans or something? Also what sort of price do people think it will be? I know o + g is cheap ATM however we only have mcap of just over 2mil I suspect most oil and gas companies have bigger mcaps then us and therefore imagine we would need something more than offering them share options?
Also Greg it wasnt 2-3 weeks as the update on August 27th said 3-4 weeks, which pretty much means the same as by the end of September. Ofcourse news on other fronts could drop in the mean time, very low entry here when you look at the value of Goldridge and the potential of assets we could acquire and in final stages of acquisition on.
Maybe but also being main market listen I think I heard they can't raise that much using placings anyway was it no more than 20percent in a year I heard? Also as of today's RNs they plan to be making money from goldridge in 12 months, Possible could be making money straight away from UK oil and gas. Also from today's rns it is interesting to see that the Romanian interest is still very much on the negotiating table :)
Another thing that goes against it is charting is pseudoscience and doesn't work! It is like the code nonsense! If it worked all these charters would be billionaires right? Same as mystic mrg who used to be on the lottery having said that haven't seen meg for a while perhaps she finay got a ticket! Don't need charts to know this is gonna hit 10p in the near future! GLA
Third post ever and 20mins before open pretty blatent what you are attempting. Also the rise hasnt been just about Triller however you know this I suspect just trying to paint uncertainty and backed up by your mate.
People are leaving as they think others are until they reach a level that they all buy back in again they are gambling it will go down further until it ends up at the price it started today at in about 1 weeks time most likely.
Is that how much you think it will cost to proove up Creswick 20-30m? I wonder whether that can be spent in stages though so the risk is less? I remember pre JV GGP had an agreement with Nm on Ernest Giles where NM out there trying to proove it up just on the grounds of being given first refusal to purchase if they found it to be economical. I guess something about the Geology here doesnt allow a similiar arrangement?
Not sure I explained that well, what I meant was in the podcast he was saying how Covid prevents people from looking around the site which slows JV due to quarantine when returned. However just wondering whether these Geologists etc could just understand it just as clearly from other methods and wouldnt have to take 2 weeks quarantine off work.
Might seem like a stupid question but does someone high up in another company even have to come and visit Creswick? Couldn't they just send them drone footage and then send a team out to do some drilling if it was something they were interested in?
MMs job is to create a market to maximise trades, a couple percent up or down makes no difference. IMO this company is obviously gonna re-rate over the coming weeks to a far higher trading range so I am gonna hold, relax and enjoy the newsflow.
I have heard some pretty crap attempts to deramp in my time but these attempts have to be the crapest!
https://twitter.com/MetalNRGplc/status/1298538225804468225/photo/1
I remember when Doc said GGP was an awful company and not investible! All shares you have rampers and derampers however it is odd for share-talk to get involved the comment about our CEO sounding happy and then the delay on interview being published is in my mind a very good sign.