Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I just topped up, but took a long time to get a quote to buy. Did a dummy sell easily enough though....
In short:
As a result, CRLs are regularly used by the FDA in order to “buy time” to review the application. This is evident in the CRLs many companies receive containing bases for holding the application deficient citing issues or guidance documents entirely irrelevant to the application in question. Because even minor changes to the application under the resubmission option in § 314.110(b)(1) will award the FDA at least an additional two months to process the application, plus the 12 months an applicant is allowed to respond to the CRL, such letters are a valuable tool in acquiring additional time to examine the NDA or ANDA and for the FDA to process other applications.
I got shot down by Tetchy Petchy for saying the same thing yesterday. Read this link and it explains how the FDA have been using CRLs to give themselves more time.
https://www.healthcarelawinsights.com/2015/01/fda-complete-response-letters-the-design-v-reality-of-fdas-responses-to-drug-applications/
Another poster suggested the government shutdown in US may have had an impact. Read this in conjunction with that thought....
https://www.healthcarelawinsights.com/2015/01/fda-complete-response-letters-the-design-v-reality-of-fdas-responses-to-drug-applications/
Probably because 90% of people buying in the last month have only been in for this one RNS. They'll now take their profits and go elsewhere. Hopefully, the SP can now have a steady run to its true value.
Maestro1, why are you posting on this board? I assume that you're not invested as you clearly dislike the company, therefore I (and clearly many others) really don't understand your mentality. Perhaps you have a Messiah complex? Definition below:-
A messiah complex (also known as the Christ complex or savior complex) is a state of mind in which an individual holds a belief that they are destined to become a savior. The term can also refer to a state of mind in which an individual believes that he or she is responsible for saving or assisting others.
Thank you for your assistance but we're adults and will make our own decisions. Please go and save another BB.
Thanks. Obviously, it would be totally amazeballs if Djeno came in, but for sanity's sake I would like to concentrate on the value that Mengo brings to the table. I think too much emphasis has been put on Djeno and we've perhaps all lost sight of the fact that AAOG has some great potential without it. I can't believe that all the placing shares at 10p and all the subsequent soaking up of shares (all around 10p) has been done based purely on Djeno, which (whether we like it or not) is not guaranteed.
I think I need to just reiterate and reassure myself that if we don't get great news on this drill re the Djeno, that it's by no means an out-and-out disaster (despite what many doomsayers would like us to think).
Can some of the more experienced amongst us give some approximations / guestimates on timescales to get 103 into production from Mengo if Djeno/Vanji not successful on this drill?
https://total-market-solutions.com/2019/01/25/malcy-talks-oil-gas-vii/
From 22 mins - talks FRR
He sounds relatively upbeat about the future....
Seismics say it's there, they just need to hit it. Whether it's this drill or another drill.
In the meantime, we have the Mengo. Happy to wait, I'm in no hurry.
Remember, this well is looking "oily"
Maybe, the company just wishes to remind everyone that the company is not just about the Djeno. Only BBs and Twitter are making this company ALL ABOUT the Djeno!
If Djeno wasn't in the frame, I am sure most shareholders would be very happy with the following:
Mengo discovery and R1/R2 looking set to boost production to 750 bopd
Existing infrastructure allows discoveries to go into production rapidly
Risked NPV suggests upside of more than 170%
A Djeno hit on 103 would be amazing, but it's not the ONLY upside to this company.
IMHO/DYOR etc...
Ha ha, cheeky! It's probably because they sold it to me at exactly the bid price.
My buy just showed up as a sell on HL
Whoever he is, he's quite happy to have spent £1.43 million on Flybe shares......
Spike, may I politely ask whether you are still invested in this share? If so, do you believe in the long term prospects of the company?
I like the fundamentals of this share and for my sins I have just bought some more. Like everyone else, it was really exciting seeing the share price rise yesterday and then really depressing to see it drop and see all my paper profit disappear. However, the resource isn't going anywhere, the Government of India are keen to get it out of the ground and as mentioned in the interview recently "Both Oilex and the government in India are seeking an accelerated development of Cambay". The GoI will no doubt be putting pressure on GSPC (or indeed bailing them out) so that this can now move on. Yesterday's SP was rising because everyone believed that we 'might' get 100% - that part was always a gamble.
OEX may not have 100%, but what they do have is 45% AND now the ability to progress. The resource is unbelievably good (and of national importance). The company and the government are keen to get this moving. This may need patience, but it has legs. Will those that sell today, be kicking themselves in the future as THE share that got away. Looking back, buying yesterday was more risky than today. Today's buy in price looks a bargain for those that can wait a bit longer. Remember, the Directors all have shares in this company, so it is absolutely 100% in their interest to get a good share price out of this company. We all know that we are supposed to buy low and sell high. This looks quite low to me......
10:30am–6:15pm
Gujarat High Court, Friday hours
Definitely open tomorrow, because there is a case list up.
10.30am in India is 5.30am UK time. OEX should therefore be able to drop an RNS tomorrow morning.
I suspect GSPC sent a quick email to OEX after the courts had closed, saying 'all paid up' but OEX couldn't confirm it in time. OEX then probably felt they had to release the RNS in case GSPC leaked it first. I am surprised that trading wasn't suspended today as it has been with other court decision days.
4. There has been previous mention of alternate farm in partners. Can you provide some colour as to what type of framework would be palatable to management?
As you know standard industry practice is to diversify risk and cost by taking on partners and it is critical to have partners that are aligned and are capable, particularly on the financial side and this has been the whole issue going back for some time. There is no commercial sense at all for Oilex to work towards continuing to unlock the potential value at Cambay if we are funding 100% of cost but only retaining 45% interest in the PSC so it is essential that all partners are aligned and committed to the development and in the scenario that we were to acquire 100% of Cambay we would actively seek to place a new joint-venture partner that is committed and capable. Pending a final outcome from the current process that we are undergoing or the amicable solution we mentioned just a moment ago our clear plan is to advance our discussions with third parties. We are well advanced in talking to parties but they are subject to further commercial negotiations and with the timing and terms of any agreement to be announced in the future.
3. We believe the stock to be worth decent multiples of the current price in the event of a resolution. What are your plans to kick start this long awaited value realisation process for shareholders?
We have continually stated that we believe a successful development of Cambay has the potential to unlock substantial value for all parties, for our shareholders and also very importantly to contribute to the government of India’s domestic energy policy targets that are clearly being laid out by the Prime Minister. And our clear focus is to systematically overcome any and all obstacles towards the development of Cambay. We are pursuing this goal diligently and we will continue to pursue it with or without GSPC and we will continue to enforce our rights to the fullest extent and this critical objective. If a sensible commercial compromise allows for rapid development of Cambay can be reached with GSPC we also believe this would be a good outcome for all parties.