Only just arrived in small port of Corinto (Nicaragua) couple of hours ago. No departure port or details yet on Corinto board. Not a lot of sailing hours left, but these port calls can delay and, as CH has stated, Panama Canal is very congested (over 80 vessels currently in area of Balboa at southern end of Canal).
Good news is that Curia (with other 3 new rigs) is only a month behind Luan Hua Hai carrying our 4000m rig (delivered 3 weeks ago) and should arrive in Trinidad quite close to target date of 1 October. Four spanking new rigs delivered to RRDSL, and it is only a few weeks since LO specified and ordered them. And it also looks like Rigs 2, 5, 6 are already being used well, and Rig 8 will be back in fleet in a few days time. Plus rental rig may still be needed.
I wasn't suggesting we buy TRIN outright was thinking more of a farm-in or acquiring some of their producing assets. People keeps saying how we need to up our production, that would be a relatively low cost way of doing just that.
Some on here seem to really want RRL to buy TRIN. The fact remains that if RRL were to buy TRIN, then it means massive dilution for existing holders. Can't see how that is good for PIs. If indeed it does happen, then the news would be good for TRIN but very uncertain for RRL because of funding and need to prove that synergies can be had in operations.
I need GingerBeer to confirm or deny this theory is possible.
Facts are that on vesselfinder, last position is 30 Aug near Mexico sailing towards Puerto Quetzal in Guatemala. Last siting on marinetracker is 9 Sept after it left Quetzal and was close to port of San Lorenzo in El Salvador (a port that is off radar or AIS).
Could Curia have transferred the 3 rigs in that little port (or another port down coast in Costa Rica or Nicaragua) to another cargo vessel and Curia is now either heading back to China or going down western coast of S America on way to Cape?
Perhaps we should actually be watching one of the many vessels that have already passed through Balbao and have probably cleared Panama Canal and are in Caribbean en route to Port Point Lisas? Over to you, GingerBeer or anyone else who may help to solve this Marie Celeste of a puzzle. Hope DC issues an update RNS about Curia.
What do you reckon on Friday, Salt? Just so you can predict what you think sp will be cop. .45p? .48p? I know it is difficult to predict if we get RNS or two before Friday. Plus low oil price. It could go to .2p's, I know. But, just for record this time, what is your precise forecast?
....meanwhile on the 4hr chart 20MA 50MA Crossover is a bearish signal. The chart had proven itself to be reliable during this downward spiral and I fully expect this to continue. The annuals will not be pretty.
The SP hit the lower trend line in the downward channel. The SP bounced back and tried to breach the upper trend line in the downward channel but failed, which proved again that the SP is not breaking out of this downward channel. The SP is now falling back as I type, the SP may well breach the lower trend line at the second attempt. in either case the SP will carry on and if the SP does keep drifting down then next week, 29th, I fully expect the sp to test the low and with no news it will be breached, bad news will send it down to a new low....
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