Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I believe the marathon deal came with 350m of decommission cash in escrow. Unlocking this cash to reinvest would be transformational.
Anyone here with a background in financing, if the IOG deal or something similar happens and we have cash flows from a long term field. Will we be able to secure our decommissioning liabilities with a bank guarantee against this cash flow and asset and hence release the 100s of millions sitting in escrow for more shopping?
the cost of the RNSs is surely dwarfed by the rise in spare price that the offer has created?
It would be very interesting to see RRE go up against Management backed by PE for the company. This would be a great result for shareholders if RRE stays in the ring.
Only got 3k here but reason that tying up a boat is not rocket science and will eventually happen and people will be surprised and start paying more. Just watch!! Honestly I know nothing about basement fractured oil but am pretty sure that they can tie the boat up!!!!!
Battery grade is the one I think will move the dial. I can imagine car companies diving down the value chain just now to secure key resources and nickel and cobalt are as key as it comes! Think about the way that nations secure strategic resources (China in particular). When you look at the number of battery factories being build there is about to be a supply problem for these minerals.
Fast yes I think you are right the portfolio fit is good. I anticipate a second offer at 24p I believe this also unlocks boards incentives. But I suspect beyond this they would walk not because IOG is not good but because the market is not strong. Disclaimer I hold only RRE. I considered a position in IoG to ride the takeover but believe this deal far from certain.
Fast yes I think you are right the portfolio fit is good. I anticipate a second offer at 24p I believe this also unlocks boards incentives. But I suspect beyond this they would walk not because IOG is not good but because the market is not strong. Disclaimer I hold only RRE. I considered a position in IoG to ride the takeover but believe this deal far from certain.
Presumably a JV partner on the mine once finance is closed if the share price doesn't perk up substantially. Diluting the 2nd mine for equity for the first one doesn't make much sense to me atm. Two majors already involved so at least two options for the JV.
Wow these guys were tossers. This deal is definitely going through if the administrators have there way.
Our market cap was about 100m and the pipeline rental income alone would give this company a PE of only 4!
It doesn't make sense that Congo just paid us $600k and then won't issue the lease.
The $30m extra for the pipeline is a nice surprise I had guessed it would not be above $10m
If we develop this field cash flows will be long-term without near term decommissioning costs. Perhaps on the back of this asset a bank would give us a guarantee for decommissioning and we would be able to unlock the 400m+ pounds that currently sit in escrow. Check AA video on you tube for a little more detail.
Is it the case LOG own more than 50% of the company when taking Convertible Loans into account?