Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Some big buys this morning hopefully be above 5.5p by end of today and if we get news/RNS tomorrow this will fly.. VSA target is price 22p
..4.9p now
Great RNS meaning less dilution for shareholders as directors are now being paid 100% in cash and are going to put it all or some of it back into the company which benefits everybody
Looking forward to the next RNS could be the big new country entry deal then followed by directors buying in... getting really interesting now
Sellers are being robbed by mm’s, these will worth a lot more than 3.8p in a few weeks. Hopefully will be seeing a rerate back to 5/6p this month
Cerp is rising due to drilling at the end of September month saffron prospect
https://m.youtube.com/watch?v=HMxy4n5d4Cg
CERP 2019 AGM - SAFFRON https://m.youtube.com/watch?v=HMxy4n5d4Cg
Them big red “sells” were actually all buys yesterday..
“· First SWP prospect (Saffron) chosen with commencement of drilling operations planned for late September 2019 - well targeting un-risked STOIIP of 66 mmbbls (Pmean), with a geological chance of success of 45% and potential development recoverable oil volume of 10 mmbbls.”
Nice update.. still on track drilling saffron late September, m&a announcement late q3/ early q4, £1million cash in bank. Debt £116,000 will be fully paid off mid October
Nice 3.9p paid.. maybe BigM is buying
Are we seeing a rerate back to 4/5p? As drilling starts in a week “beginning of September” and m&a news still to come..
September is just round the corner so which prospect will they drill first really hope it’s saffron and when will they announce “Suriname” deal? Nice time to get in now with news flow increasing this could be back to 5p very quickly
“SWP drilling proposals submitted to the Ministry. Approval anticipated on time for September drilling. Q&A on drilling timetable on Company website”.
Get in Cerp now before this gets to 4p soon, I see opportunity bring on August
Share price @ 3.6p VSA target price 21p, this is a no brainer..
Really thankful of Mike for his reply on Twitter, his take on Cerp “Hi Phil, i believe @Columbus_ERP will come good but shareholders need a bit more patience with this one. I have a huge holding here and am very happy with the board , LK will take this in a different direction”
Interesting post on advfn carpadium: “SUBMISSION OF PROPOSAL FOR BLOCK CLOSED Staatsolie has received one (1) proposal from an O&GC for the Weg naar Zee block between 1 Jan 2019 and 11 Jan 2019 under the 'Open Door Invitation for Onshore Suriname 2019' Other O&GC's had the opportunity to submit an application for the same acreage until 11th April 2019. Staatsolie will review the proposal and agree on a plan forward with the O&GC”. http://opportunities.staatsolie.com/news/2018/submission-of-proposal-for-weg-naar-zee-block-closed/
850000k
Sales revenue up 58 %, debt down to £0.67m from £1.21m last year,
£1.7m in bank. Say no more.