Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just realised that article is from last August, apologies. Might be annual maintenance I suppose?
The AECO drop seems to be maintenance work driven and prices will rise once completed, probably by tomorrow.
https://www.nasdaq.com/articles/canada-natgas-prices-drop-at-alberta-aeco-hub-on-pipe-work-2021-08-12
Looks like a whopper of a buy round about 4pm - £242k ?
Noticed the announcement and payment date for the divi is getting shorter each month, are they making way for a special dividend ?
Hi Olderandwiser, there was an interview earlier this year (proactive i think) where Majid and Graham gave some info re the year ahead. Forecast net operating income this year of $241m and crucially Graham said this was based on $69 ave boe. He also said something along the lines of "we're generating a bow wave of cash" so with total dividends forecast to be around £15m I don't think we've got anything to worry about.
GLA
Hi Spike, agree about the drop in gas price over the last couple of weeks to $6.7 US. The point though is that Majid et al were happy to hedge 37% of this year's gas production at $3.86 Canadian. Also, looking back at qtr 3 and qtr 4 2021 operations reports, gas prices realised were US $2.95 AND $3.72 respectively. I can't see a comparable figure in the Q1 2022 update but pretty sure we're looking at a much higher realised price despite the hedge. Time will tell.
GLA
Absolutely Gusto, all these arguments about macro factors, oil prices down, recession coming etc. If any of this was actually having a real effect on our SP we'd be seeing investors running for the hills in their droves. What we've actually seen this morning is a 9% drop in SP with less than one fifth of one percent of shares transacted.
Fear is the biggest enemy of the spooked small investor and the biggest opportunity for everyone else.
Aimho of course.
If you're right Spike and people are selling on the basis of oil price fluctuations, it's probably time to let them know that 80% of our current production is actually gas and gas liquids.
Hotchip, you say "Bear market, rising inflation & interest rates, impending global recession and political issues will dampen all markets over the next 12 months" but in every market there will be companies who completely buck the trend and i3e will almost certainly be one of them. They are throwing off cash, indeed "producing a bow wave of cash" at much lower oil prices than we currently have, they are rapidly expanding production and, crucially, reserves as well. Majid talks about decades of production to come so I'm loading up whenever possible. And I like to remember the Warren Buffett quote "“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
One other thing, in a bear market - definition down 20% or more which we are - the last place I want to be is in cash. Inflation eats the true value but each to their own.
GL all
On the 5th April the share price was around 26p and this interview took place - well worth watching (again) - should allay any fears.
https://www.youtube.com/watch?v=g_NQufrGYkw
Agree with that TSSZ, also when doing my research before buying saw a cost of £8.36 per boe in the 2021 accounts. That's not too shabby!
I've added today, also worth remembering around 80% of our production is gas, not oil. Pretty sure if the Canadian price profile for gas is anything like ours in the UK that'll be trending upwards. Maybe some of the more knowledgeable posters than me would have a better handle on this?
Spike, I could go along with that if we were seeing huge volumes of shares being sold off but not the case here. Scared punters and market makers laughing in my opinion.
Somethings's going on in the background the last couple of days imo, maybe a couple of large II buys being worked to a specific price or possibly some option holding staff taking profits. Volume traded today is miniscule so far yet we're down 7% as I speak. It's all fun and games on AIM but this will come good so have a great weekend all.
The cash position is really strong. Mcap is ludicrously low at around £18m - over £10m of that in cash. Fdbk is primed to take off on multiple fronts.
Also with regard to Imaging Engineering, from the Chairman's report on the 2020 final results :
In addition to Bleepa, the Company has already spun out a further application of the Cadran technology in the form of its Fluorocapture software which is being offered under licence to Imaging Engineering, LLC in the USA. Imaging Engineering is using the Fluorocapture software to update fluoroscopy equipment across the USA. Approximately 2,000 providers across the US will need to update or replace their fluoroscopy equipment in the next few years. Updating the equipment is considerably more cost effective than replacing it, and the board believes that this will create a sizable opportunity for the licencing of the Fluorocapture software.
Think the American side of things must be moving for sure, this is the announcement from January 2020 regarding Imaging Engineering:
London, 13 January 2020: Feedback plc (AIM: FDBK, "Feedback" or the "Company"), the specialist medical imaging technology company, today announces a commercial partnership with Imaging Engineering LLC, a US-based specialist technology provider, to support the installation and refitting of modernised fluoroscopy equipment across the US.
Tom Oakley, CEO of Feedback plc, said:
"This partnership will allow US healthcare providers to modernise their fluoroscopic equipment to meet the needs of the next decade, with considerable savings for the provider and a reduction in equipment disposal. For Feedback, the licence fee provides us with a new stream of revenue reflecting our strategic focus on the Cadran product portfolio which includes our flagship product, Bleepa, and its commercial roll-out in 2020. We look forward to continuing to work with Imaging Engineering as it rolls out the Insight Essentials system throughout the United States."
Imaging Engineering is the manufacturer of an X-ray fluoroscopy product, "Insight Essentials" which enables the capture of fluoroscopy and X-ray images using low-cost hardware. Fluoroscopy is a form of dynamic X-ray capture which enables real time, moving patient imaging and is commonly used for a number of imaging investigations within gastroenterology, orthopaedics and interventional radiology.
Utilising the Cadran platform, Feedback will provide the core software to manage the entire system for the "Insight Essentials" product, from image capture through data management to DICOM (Digital Imaging and Communications in Medicine) networking. Feedback's software will enable a wide-ranging Imaging Engineering initiative to update fluoroscopy equipment across the United States, with an initial focus on 200 provider sites.
Under the terms of the agreement, Feedback Medical, Feedback's plc's wholly owned subsidiary, will receive a licence fee for each installation performed by Imaging Engineering and has no commitment beyond maintaining and providing the software under this licence. All intellectual property relating to the software remains with Feedback as part of the commercial agreement. A small number of initial installations have already been performed by Imaging Engineering and the first licence fees have now been received by Feedback Medical.
Charles, there's a lot of information regarding the copper ramp up on the last presentation available on the website but you're correct about Sable, up and running and a design capacity of 14,000 tonnes per annum. Pages 20 - 24 should help your calcs.
https://jubileemetalsgroup.com/wp-content/uploads/2021/12/Jubilee-Corporate-Update-122021.pdf
Apologies if this has already been posted but well worth watching.
https://youtu.be/asxmrJtc76Y
GLA
I read elsewhere that you can stop your shares being used for shorting by putting a sell order in at a massive premium, eg if you put a fill or kill order in to sell all your shares at £10 my understanding is those shares cannot be lent out for shorting.