BDM 9.30% 19.5¢ burgundy diamond mines limited

Will Pandora remain stranded?

  1. 2,178 Posts.
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    What if US$7 - $9 mmBtu becomes the new normal trading range for gas to Asia through to 2020?

    Then this calls into question the viability of Pandora even using low cost new FLNG technology & PNG's geographical proximity to North Asia.
    The CMT stated delivery price model is aimed at US$8 mmBtu and therefore might not end up being economically viable.

    Seems to me that the Capex & Opex costs for this project need to come down 25% so as to deliver gas closer to US$6 mmBtu.

    Andrew Dimsey certainly has a challenge on his hands this year to somehow make progress in this environment.

    I would like nothing more than to place an order right now for 200000 shares at 5 cents which might be a good move seeing as cash holding equates to approx. 3.5 cents per share.

    However, I need to be convinced that Pandora's economics still stack up in this new environment, as the US shale revolution isn't going away, oil likely to stay US$60 or less for the forseeable future & gas seems to be cheap & plentiful in the coming years!

    Just my opinion - more than happy to be proven wrong or hear alternate views.

    CMT quarterly end of next week!!
 
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