Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, but they also said that the chances is the report for the FCA would only be a draft version before the court hearing in March, so pretty sure the FCA would not agree to anything until the final report is submitted. I wouldn't expect anything for the next 4 weeks.
Jimmy, I just wanted to put an alternate perspective about the SOA out there. One of your complaints about the SOA in its current form is that shareholders are getting out of this lightly. I’d have to disagree, as all the previous shareholders have already lost up to 97% of their money. The share price has dropped from circa 300p to circa 10p. I’d say that is fair in terms of penalty to them. Dividends have only totalled circa 13p so that no where comes close to the 97% loss. The only people who have had a benefit from this are the execs and that is only though salary and shares (which are worth bugger all now anyway.). So in terms of your view that it is unfair that people have got away with it, not sure that stacks up to the extent you suggest. And yes I know this is a generalised view and much more complicated, but I can’t why that is not a penalty enough. Just my opinion of course.
If I understand it right then the notice is for a CFD (as stated) however for them to have the voting rights they must be the buyer, and based on this they are expecting the price to go up. Again not expert and I may have this wrong but my interpretation after reading this. https://www.investopedia.com/terms/c/contractfordifferences.asp
I think this means these guys now own 4% is of the company. https://www.privateequitywire.co.uk/2021/02/02/295339/cairn-capital-acquire-bybrook-capital (but I could be worng)
Just for info, it looks like the pages first appeared before 26th April 2020 so they've been around a while (I've only checked the wedding page). https://web.archive.org/web/2020*/https://www.amigoloans.co.uk/guarantor-loans/wedding-loans-for-bad-credit
A little story (Fictional)
BIGPharma: We’d love to help you, give you lots of money and help take your products to market.
LITTLEPharma: Ooh, that’s lovely, we’d like that.
BIGPharma: Great, but for us to help we want a slice of your pie… lets say 20%.
LITTLEPharma: That sounds good, but we’re not able to give you a 20% slice, there’s not enough free float shares.
LITTLEPharma… THINKS FOR A MOMENT
LITTLEPharma: Looks like its EGM Time!
Here are my back of a fag packet calcs in terms of money. They may well be way off the mark and you can make your own conclusions but thought I’d share.
Application says possibility of 500 tonnes of oil a day. According to google you need about 7.33 barrels for each metric tonne. So therefore, we’re looking at 3,665 barrels a day. (This isn’t a long way away from current expectations as I understand it.) That equals about 1.33 million barrels a year.
If we take rough profits of about $60 dollars a barrel ($20 dollar cost and $80 sell) then the revenue to HHDL is $80.2 million every year. As UKOG have 46% interest in the licenses that means circa $36 million dollars every year into the coffers. This is £27.5 million based on current exchange rates.
How does this effect the m-cap / share price. If we were to assume an investor would be very happy with a 12% dividend p/a and all the money made is returned to shareholders then this would mean £27.5m = 12% so m-cap should be £212.5m which equates to 3.81p a share.
Now, as I understand it this essentially just the first of many opportunities and HH with upto 4 vertical wells on 1 pad on 1 license. What happens if you go horizontal, build more pads and extend to the other licenses. For my own basic calcs I am working on the basis that for every 1,000 barrels a day production it should make the SP worth 1.03p (or 1p for ease).
This may be a load of codswallop but each to their own.
The article seems to confirm that they have not started flow testing yet.
https://www.bbc.co.uk/news/uk-england-44727326
This is a sad day for me. Orogen Gold was the first ever share I bought, and I had dreams of making millions because here was a company that had loads and loads of gold and all they had to do was get it out. I'd been watching the early series of "Gold Rush" programme on Discovery, so in my brain it all looked easy... a couple of diggers, a bloke with a beard and hey presto.. millions in gold. However, as we see now it was not to be. And it has taught me very valuable lessons over the years about AIM and what to watch out for. As others have I am sure, I have made many other mistakes, and I've also made some money. But when I look at my original £610 investment in ORE is now worth £11 a 98.14% loss. (not my worse in history but emotional.) So I cant say I'm happy, but I believe I've had £600 worth of education on what to watch out for. Onwards and upwards.. better luck with GLOO hopefully.
459,000 from me.