Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Amazing, buy trades going through, just after my first post, yet I still can't buy 10 quids worth, and can sell aa much as I like it seems... something fishy going on. Poster on advfn seems to think the deal is already done.... going to be an interesting week id say.
That's my expectation at the moment, more delay / extension. Assuming that's possible of course. The more time runs down, the more desperate trp become to get the oil out of the ground and the more small placements we will see if they don't.
Of course the deal may be done on less preferable terms, reflecting the situation trp are in, no money left, drill not in the ground yet.
Or an oil major might be in more advanced talks about the other block... who knows, we will know more tomorrow and at agm next week. Let's hope its a positive one but I fear it won't be. Im staying put regardless! In for the long haul.
.50 tomorrow possibly? Oil likely to rise back to $60 in no time. I've kept my holding for one main reason. The cheaper oil is to get out of the ground, the more likely it will get taken out of the ground, other wells, more expensive to mine will clearly be under a lot of pressure right now, those are the ones likely to get the elbow.
Maybe a second partner, or another different one on more favorable terms? Maybe costs have dropped so much the existing partner can put a bit more in for a little more equity in the oil.
Maybe no deal at all.
News on other regions? 3d taking place next door, maybe an oil major doesnt want to wait...
Who knows, lots of ifs and buts... sp is low considering the interests we hold in key blocks where oil is very likely, might be an interesting few years or we are bust within one.
Looks like there's a 3d scan taking place at the moment in gbp and trp blocks. Looking on marine tracker, off the coast of mowe bay there are 3 tugs pulling equipment, I saw a 3d piece of kit show up a few hours back, and they look to be mowing the lawn as I heard someone else say they call it in the game. Another boat in rear, probably support boat I guess. Just need to see how far into trp blocks they go.... imo
Not to mention the placing, getting their last bit of hard earned cash off the pi's. They timed the bond issue well, in the middle of the summer, most decision makers are sitting on the beach. Zero flexibility from JPM because it wasnt in there interest, they stood more to make from sxx not succeeding, they probably knew they wouldn't get those bonds away, without an alternative at that late stage your snookered with only one option, sell your business on the cheap or go bankrupt. Gov didnt help by changing its stance on guaranteeing bonds, and the timing of the guarantee. Most PI's have well and truly been taken to the cleaners in a managed and well thought out process by brokers and BOD. Massive re rating on the cards, keeping all those pi's invested some doubling down... anyway no doubt this will go nowhere as usual. Everyone happy, the poor investor, with a good conscious, supporting a business that is going to provide so much good to the world get shafted. Stinks and everyone knows it.
Seems to me like the cards are on the table, crap offer, hopefully not the only one, that's the risk covered by AA being able to potentially offer a lower price when/if they do offer. Borad indicate they would have to recommend it, with no other offer on the table, indicating to anyone else thinking about buying it, they need to hurry up or it will go. Could see the formal offer tomorrow morning from AA to speed up the process, which would give less time for other potential partners to make a bid, giving them an advantage. Gov probably not interested as long as its bought and the jobs are provided they dont really care about 85k who lost money in a stock. Rejecting the offer, well, with no other, that's suicide. They clearly haven't got news of any other potential or serious offers, hence why they havent announced them.
At least there is still come comedy about! Nearly choked on my dinner reading that post! Lol up 35%... post of the decade!
Let's hope this is stage 1, someone else comes along and ups the price.
New gold mine is us pi's! Got 20 years to make up the 80% lost I guess...
Interesting to read JPM were involved in the Initial setup of AA. Also shorting via highbridge, and wouldnt budge on the finance.
Sir Ernest Oppenheimer, a Jewish German émigré, founded the Anglo AmericanCorporation (AAC) in 1917 in Johannesburg, South Africa, with financial backing from the American bank J.P. Morgan & Co. and £1 million raised from UK and US sources to start the gold mining company;
Why would CF make such a trade?
Clearly not to make a lot of money due to the size of the trade. It was a pathetic amount considering the guys wealth. He doesnt seem to be the sort of guy that wants to stick the knife into the local people who have supported and invested the project. Trying to encourage the
PI to hold or buy more to allow the institutions to get out.
You would want to **** on their own door step in any case. He didnt buy any of the shares in the offers and now he buys 10ks worth. Having lost substantially, now handcuffed to this, hope, is all we all have left, however that trade wasnt a trade to make money, or to incite.
Interesting to see the bond holders being bought out at minimal expense, slightly reducing further dilution in that respect.
Gla - this time next year we'll be millionaires!!!
I can't believe the shorts have been growing recently when it's really obvious to me that the big funds are more than happy to snap this up at anything below 15p, and why on earth not when they were happy to pay 15p in the first place. Does anyone else agree? Or have an opinion? It seems to me a very strange stance to short, even as a hedge considering the major funds invested already.
There are a lot of people that want fresh, organic food. You are what you eat.