Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“*** packet” doesn’t have the same ring to it Gazza : )
I mentioned yesterday, Hainan are paying £96m for 51% of Kod, my *** packet calculation says that they value the whole business at around £188m. Our actual market cap right now is around £110m.
Hainan are coming onboard because they see massive upside on their investment so who am I to doubt their thinking.
I’m holding for at least the next couple of years to see the story grow.
GLA
“Mcap has hit 100m”
The Chinese are giving us £96m for 51% - so they think the total mcap should be nearer £200m so a sp of around 1.1p would be where i’d even start thinking about selling. And that’s before any drilling updates.
GLA
It doesn’t Charttopper, business cost per kwh is around 4 or 5 cents according to globalpetrolprices.com and also cable.co.uk/energy/worldwide-pricing/
Fact of the matter is the share price is being walked down every day for weeks on minimal daily volumes. Today again was a case in point, around 0.5 of one percent of shares in issue transacted and we’re down 7%.
I’m buying.
And Mike Oxbig
Bleepa without doubt will speed the data and information flow, no ifs or buts there. BUT if you have 3 secondary care consultants all being sent the same patient images, you need the three of them to be “chatting” virtually in real time in order to get an agreed single treatment plan in place. If those three guys are not available together then you’ll get three different threads of response at different times heading back to gpland. And therein lies the problem - how often are allthe multi-dicsiplinary staff going to be available for what is essentially a teams meeting?
None taken Dibs,
My original reply was not knocking Bleepa and as I said, my wife loves the idea of a multi-disciplinary collaborative approach. She may be jaded but she’s anything but cynical, she’s simply pointing out that the example given in the presentation resembles closely the timescale and treatment co-ordination a private patient might receive and that aint happening in the NHS any time soon.
Hi Seav1ew,
Average time for a secondary care specialist to respond to a non urgent Gp request is over 2 months at my wife’s practice. So that’s 9 weeks to get the ball rolling. Her point is that Bleepa will move the waiting list from NHS desktops to consultants’ iphones but the massive backlog of cases needing reviewed is the same.
My wife is a GP and while she thinks the Bleepa concept is briliant, the idea that every CDC patient would be able to see a GP, get referred to a CDC, have a variety of tests and scans and then have the results discussed by all the clinicians involved and a ptreatment plan put in place all in less than seven weeks is pie in the sky in the real world. The number of extra clinicians we will need in order to adopt this collaborative approach would run to many thousands.
I’ll put my helmet on…
I’ve been here for years Bill, miles underwater so they’ve been in the bottom drawer. Hope we’re essentially a preferred bidder and the tender process is a box ticking exercise.
GLA
Can I double check something? Have we actually been awarded a contract or am I right in thinking the shares are up 20% on the announcement that there is a contract up for grabs and we might be able to join the tender process?
Be interesting to get other people's take on EPS for 2023? My *** packet calculations based on a conservative 25k boepd gives a minimum of 3p per share - plenty of room to increase dividend and initiate share buybacks.
Think we’ll be well in excess of 24k boepd by year end given theere’s around 10 net wells still to contribute. Also really looking forward to the reserves update at year end, we’ve expanded our acreage substantially this year. Surely must be a prime target now for some of the bigger guys.
Aimho
Down 5% today on less than 0.1% of shares in issue traded. Absolutely laughable ??
Just catching up here and thanks to SeisNav for posting the link to the Cogito note. Interesting final sentence on the JLP section of that report : "All future capital expenditure will be funded out of internal cash flow, and non-recourse project finance debt."
Do they know something we don't?
GLA
While it's good to see the director buys, it's equally encouraging for me to know they weren't selling into the Serenity news. Looks to me like they're committed long term. Bring on that production news now please.
I've filtered the pillock but just to address one of the lies he or she is spouting, per the 2021 year end accounts there's a total balance sheet provision of £126m for decommissioning costs set aside.
Think I agree with Homey on this one. Basically we remove the chrome from the waste material first which produces the beneficiated feed for better yields on the PGMs. The chrome side of the business has been growing for years and has always been reported on separately,and in almost every quarterly report they have been trumpeting how well the chrome side is performing so to suddenly see it downgraded to a by-product seems very strange to me. Also, in my accountancy days many years ago all sources of income and expenditure had to be accounted for gross, ie the chrome process produces its own gross revenue and expenses resulting in a gross profit - if you then remove that gross profit and deduct it from the pgm expenses I’m pretty sure the auditors would take a dim view. They’re probably fielding us figures based on internal management accounts which they can manipulate as they see fit. The real detail should come out in the annual audited accounts.
Aimho and happy to be corrected because I’m a long time retired from accountancy.
GLA
Seems a strange way to declare the cost per tonne of copper? They are showing it nett of cobalt by-product credits. Would be good to see that grossed up, the figure looks high although it is the ramping up period.
As always, lots of questions left hanging in the air and quite disappointed with the format of the statement - could have been penned by a certain C.Bird. It appears the new chairman hasn’t really hit the ground running. Pretty underwhelmed tbh but lets hope the coming years blow this out of the water.
GLA