Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Alot as been said about log having a controlling interest in IoG however if iog was to place new shares before logs warrants became due would surely they could dilute logs or rres shares before they assume control. Not an expert would be interested to hear comments on this.
I invested in this stock when the company was very young 2005 there was huge hype at the time about where this company would go. I along with most of the other shareholders got well and truly wiped out. That said the underlying engineer is incredibly good. It looks like the management have been able to take this forward a long way although not yet for the benefit of shareholders. I wonder if now is the time? GLA
Skittish the way I understand it is Schlumberger provided oil field services and a French contractor hired us the rig completely independently. We were waiting around a year to get a rig and JB made the decision to get on with a sub par one and fight the fires as they came.
Both RRE and IOG dropped out of the investor fair this weekend at short notice could they be arguing about the price of IOGs shares instead?
Seeing some good volume for the first time in weeks she is slowly waking up.
Great new Jimmy. The squeezing of extra reserves and production out of existing assets is money for nothing and pushes back decommissioning.
Interesting and positive RNS but what is going to allow this stocks balls to drop is cash flow. Not long to wait now.
Remember we only hit a small tight formation at the top of the Djeno layer. If this is flowing with no stimulation imagine if there is sandstone below!!
In the meantime its important to remember that we are making about 4m pounds a week. Probably better not to post that on the IOG bb they are really emotional over there!
I get the feeling this is not on. The administrator probably feels a conventional auction of the controlling interest (once it is realised) would create better value than a firesale a few weeks into the process when they haven't fully digested what they have.
I was going to write a reply but frankly this board is one giant echo chamber of who can shout the loudest. The share price next week will be the judge.
https://twitter.com/TwoUnity/status/1110972366606254080
The truth is no one on this BB either from the RRE or IOG side can possibly understand the dynamics and value unless we can see the terms of the financing between IOG and LOG. Given how massively corrupt the LCF and LOG chain of money appears to be the terms are crucial to understanding the value of IOG. People talk about 20p 30p 100p etc. etc. No one is now partnering or buying IOG without transparent understanding of this arrangement. A much as the BoD has published a few numbers I am talking about the details (and the devils!).
As a holder of #RRE at this stage I am getting cold feet about getting involved in something that is linked (I assume at arms length but really don't know) to a massive criminal fraud. We can talk about the true worth of the assets until the cows come home but without absolute transparency an improved bid or a farm in from anyone is not going to happen.
Like it or not just by association IOG is now under the microscope of anyone who would do business with it.
I haven't checked the assets in detail but I do know the 450m is total capex the first development can be done for 250m IOG have been saying. Does anyone have the boe of probably reserves for IOG? I understand it is large but can only get in gas units.
I assume this is the plan I don't believe there will be a raise before 103 is cash generative. It does not make business sense.
http://serinusenergy.com/presentations/
Seems highly likely serinus's Tunisia assets are coming our way anyone want to guess the price?
Wow, either there is another very serious offer or the administrators are not doing their job. 40m sitting with your lawyers is as aggressive as it gets.
Does he? Only thing I have read had him on the record as saying that he was prepared to walk if it was much more than 20p. I suspect he remains relaxed. With all this cash flow there will be many options.
Excuse me? IOG buy RRE??? With what? Let us be honest this company is cash strapped and the capital market is currently very weak. This deal might or might not go through and the price might or might not hold if it fails but anyone on this board who understands that RRE is currently coming from a position of huge strength.
Interested to see what we are buying. I am assuming no raise until we have CPR, license and flow rates and accompanying sp change. I hope that the cost of production is low this is one of the most compelling details of tilapia.
Hi rift are you posting from Nairobi? I am in eldoret.