Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Personally I believe they are delaying the CPR pending license agreement, this will change the CPR significantly (see below) I think the license is coming as Congo is paying cash to aaog which they wouldn't be doing if a license wasn't coming but 3 weeks? I don't know!
Read this to understand the license implication for the CPR.
Perhaps they could publish two sets of numbers one with license and one without but I don't think the CP would be comfortable with this.
Any thoughts?
http://www.crirsco.com/templates/international_reporting_template_november_2013.pdf
I think you might move the share price single handedly one this one skittish!!
Post the rre malarkey I am enjoying following this stock very interested to see if the value turns into value for holders. Not in atm but hoping to learn from whatever happens next in the process. Good luck to you all.
As skittish says a whole bunch of morons all hit Aaog on Twitter together with some pretty Donald Trump's level tweets. Felt very organised to presumably hold the sp back. Weird and probably good news that people feel the need for these antics.
Bought again now sitting at 2.2m shares hoping the price stays are these levels for another 6 weeks as I free up some more capital.
The truth with this stock is there really isn't a negative post/story to be found. If there is a bear out there I would love to here the bear position on this stock because frankly much like rock rose energy in February it is hard to imagine what it is!
Don't shoot the messenger but I think the market is worried that either production will be delayed (we already have form) or asset purchase will come before production. In either event a raise would not benefit from first oil. I am not saying I nessessarily agree but it is important to see the bears point if view.
I think I speak for us all when I say that you original contributions are much appreciated. Keep up the good work.
No that's me! If it is a special great big return of equity to shareholders then I would like it to be reinvested instead if it is a modest dividend planned to grow annually I am all for it as I believe it will bolster the share price in the long term by much more than any personal exposure to income tax.
No that's me! If it is a special great big return of equity to shareholders
Morning Ricky,
Not yet for sure but if the company moves in the right direction and gains history and credibility we could see SP appreciation from both growth and a higher PE.
For me RRE being an expert end of life field operator could see this company go global as more and more offshore comes to end of life. It is not a sexy niche but it could be a huge one that supports a large stable business with a high PE ratio.
I like are management I just wish David would stop promising to do things which we are late on. It means his opinion on larger issues and facts gets called into question.
I would prefer if our new feed was based on things that have been done not things that might be done. JB understands this better I feel in his comments about "letting the work do the talking".
So I thought a little about this and wondered what was holding our ratio and sp back so much. See my thoughts:
1. No annual dividend
2. We are yet to prove that we can decommission for equal or less than what we are saving for the same
3. The market feeling that our production (and business) is only short term
4. AA doesn't focus on articulating how great the company is as he doesn't plan to sell or raise capital ATM.
5. Short track record
6. Market worries about $30 oil
7. The capital inefficiency of sitting on 100's of millions of decommissioning costs for years.
A PE of one was fine when I was buying! But now I would like to see us move towards a sensible number.
Any other thoughts on the same?
https://twitter.com/TwoUnity/status/1110972366606254080
I remember someone laughing at this twitter poll. Last week 18p was there for the taking.........
Hi Skittish,
I remember DS saying that the smp rig would be removed, they seemed to never want to see it again after the trauma of 103. Fracking is going to be done using a fracking machine supplied by Schlumberger. I don't think this suggests that a new unit is on its way. I would imagine any rig provider shipping a rig to Congo will want to see a strong cashflow source before sticking it on the ship. Personally I would love to cut a deal with the Chinese next door in some form or other as they seem adept at sticking holes in the ground in Congo.
If 20p was derisory what is 10p described as?
This BoD is not working in holders interests. I wonder if they have engaged at all with RRE.
Non engagement only increases DD risk and is likely to reduce any offer. Why would they do this?
The shareholders are now are a very clear crossroad sell out or dilution (with "very derisory?" BoD)?
I don't even hold this stock but it makes me so angry to see any investor treated in this way.
It feels like IOGs BoD and management just decided to look after their jobs not their shareholders. That or there is an issue that RRE would have found when doing DD and the offer would have collapsed anyway. I am very happy to walk away from this situation and pop back in 6 months to look at the all new and diluted IOG.
A sad day for IOG holders.