Very interesting that avi pointed out what they had for income through 31 March but failed to mention the soon to be delivered and profitable gas sales from the Dingo field. If the north east interconnector project goes through (a likely scenario) CTP will have very large markets for its domestic gas. Perhaps avi is buying CTP because he, or his controller, sees value and wants to talk it down to get better purchases.
And that gives me a sickening feeling to know I might profit only because we are reverting to a form of Cold War competition. Satellites for research, resupply missions and defensive posture developments are fine but space wars elicits visions of weaponized satellites and other devices to make life worse.
If Magellan actually had a UK subsidiary/listing through which the Brits could invest, our shares probably would rise BUT I think there is the feeling that this HH find will take too long to develop and that Magellan's board will decide to sell our UK interests before that happens in order to raise money to focus on the Poplar CO2 project. In any case, we have to get through this low oil price period if Magellan is to make any money/profit and that could be a couple years away.
I doubt we will have any flow rate information until late in the year. UKOG is subject to rumor and spikes up and down according to what the rumor says and if there is profit taking etc. The action over the last month or so should leave one dizzy. I keep reading about an upcoming announcement and it seems to have those on the UKOG board excited. It was a .5 pence stock which soared to 4.0 pence and down to 1.5 pence and is now 3 pence. Horse Hill is a long way from any production and investors are not going to buy Magellan just because the company has 30+ percent of Horse Hill where oil might be produced in 2-3 years.
NAA is an actual entity although probably not capable of forcing the FDA to demand testing of algae products from China. Their main goal appears to be algae as a fuel source at this time but their goal to have U.S. algae products labeled as "made in the USA" is fine with me. Any tool that Cyanotech can use to solidify and increase market share is also fine with me and all the advertisements about how pure our product is and where it is sourced helps make that happen. Alex, have you nibbled at any shares yet or are you waiting for a couple more quarters of results as you indicated earlier? I doubled up at 5 so am holding now.
Am not surprised that Brits will argue about this for years but I would hope they would not be so stupid as to not extract what they can conventionally. I know I do not have 20 years to wait. I suppose that as long as oil prices stay down there will not be much urgency to get started on flow testing and extraction so that needs to be taken into account by shareholders in regards to what they decide about their holdings.
Wait, didn't you post their lease expenses were over 70 dollars per barrel as part of your regular postings?
Then we stress purity of source and push the idea that duck and goose ponds filled with who knows what are not good sources of astaxanthin :-)
Whoops, Falcon 9, not Dragon. The interesting thing about any technology is that, once it is proven, variations by competitors seem to sprout up rather rapidly.
At least it is partly on his own dime. The ISS contract is not out of his pocket but his rocket landing attempts certainly are and I suspect it will eventually work. I also think he is going to get a lot of satellite launch contracts if we really go through with the banning of Russian engines and I would suspect those contracts will, as they should, be agreed to with a profit for SpaceX. The Dragon craft appears to be quite reliable so far.
You sign your place and calling, in full seeming, With meekness and humility; but your heart is cramm'd with
arrogancy, spleen, and pride.
Any new area, with potentially large resources, needs to be proven. That is a given. People who jumped into the AIM listed shares at 3-4 pence were buying a story not yet developed. Magellan will make a decision on what to do in the UK and that may or may not benefit shareholders. Magellan can also get an extension of the notice of delisting that will give the company more time to get above 1.00 a share. Those of us who wish to ride out this story are doing it for our own purposes and advising no one else to do so. Dire warnings by those who have no stake in the company are, as the Bard would say, "..full of Sound and Fury, signifying nothing."