Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They are selling the shares down and have to notify once below 4/3% threshold and it raises £4m+ which will go towards their share of the drilling costs.
I believe £3m is due on JV sign off and a further £2m 180 days later. Zubairs carrying AEX for $35m for their 25% share and paying them $5m on sign off.
SOLO is undervalued based on the above by a big margin. Soon see a correction.
Still watching this. I want JV news in black and white before buying otherwise they will be funding this via an equity raise.
The joint broker is on the books for a reason. CoS is 56% btw and drill is targeting 30mmboe with prospective resources of 1bboe and 2.2tcf
New management making the right moves which demonstrates SOLO is heading into a new direction. Not much priced in at current levels given we are targeting a much bigger resource and up dip from NT-2.
Zubairs are here for a reason and it isn't to fund the lifestyle of AEX or SOLO BoD. They are investing millions as they are sure that the return will be multiples.
Now if they above don't give you enough reason to buy then nothing will. The sign off is a formality and will be done in time. Remember the government have something to gain here too.
New management making the right moves which demonstrates SOLO is heading into a new direction. Not much priced in at current levels given we are targeting a much bigger resource and up dip from NT-2.
Zubairs are here for a reason and it isn't to fund the lifestyle of AEX or SOLO BoD. They are investing millions as they are sure that the return will be multiples.
Now if they above don't give you enough reason to buy then nothing will. The sign off is a formality and will be done in time. Remember the government have something to gain here too.
Giving it a little shake. Come on give it a good ol' shake, I've got £20k waiting
Given previous results we should be on to a winner. GLA
Some of the money owed is from Turkey where ORR staff are providing contractual services so it will be eventually paid. See the money as a bonus if nothing else
https://oilprice.com/Latest-Energy-News/World-News/India-Scouting-To-Buy-Oil-And-Gas-Producing-Assets-In-Russia.html
Drilling the recent C4 Well was a KEY process in selling or farming out the license. PTR already have a JV with Oil India on their other license which they sold for a total of $85m
Could you post the link to this article. Very interesting for PTR since Oil India already have a 50% JV with them...
In recent times COPL was valued at £70m for their 20% stake in the run up to their drill so CHAR should be valued at much more given they currently have 100% of 469mmboe...
Cove sold for $1.4b for their 17% stake which amounted to roughly 450mmboe. Big big upside here if they strike it lucky...
The problems a placing could create are twofold. First it would lead to a humongous overhang if another 400m+ shares were placed and secondly it would lead to untold dilution which is not good for shareholders.
As for the JV, Idiens has stated he wouldn't dilute shareholders but I'd take it with a large dose of salt since he has consolidated 100-1 And diluted shareholders since...
This drops below 2p then it's 1p I'm afraid...
Idiens needs to be put in front of the firing squad, literally imo...
He needs replacing and someone more competent needs to take over...
Well done bud. Name of the game. Who is your broker? Best I could get was quote of £350 With ii but had £30k ready on the bell...
Very much doubt it bud but good luck
Phase 1 deal for 51% involves $2m cash and $10m OPEX for Newmont hence £10m mcap as total value of deal for Phase 1 $22m
£10m mcap coming
No, everyone is trying to buy but can't lol
Due at the end of the month. I expect them to show increased margins and higher sales revenues with reduced costs.
Also there were a few gems in the final results which we might hear about. The BoD are well advanced in completing a deal which should conclude in Q3 and drilling C4 was a KEY process to the sale/farm out of License 67.....