George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Great post LeM - succinct, accurate and great perspective - thank you. Red.
Great post LeMajor.
I continue to top up at these low prices not only to reduce my overall average (to a level that the leased land itself is probably worth without any oil) but in the hope of 5p - that is my initial exit target for 50% of my shares to produce a very nice profit, with the remainder on a free carry for Yukon, Winx 2, fracking etc down the line.
Premier feel they have an advantage in that three of their non execs have worked for BP and two of those have direct experience in Alaska, this no gamble for them.
note=none
schedule gives plenty of wriggle room
3. Pre-pack all TWR alignments and pad locations 11/15/2019 12/15/2019
4. Construct Main TWR, TWR Spurs and ice pads 12/15/2019 1/1/2020
5. Mobilize drill rig, camp and support operations 1/1/2020 1/21/2020
6. 1/14/2020 4/272020 7. Drill & test Charlie #1 2/22/2020 4/27/2020
Disagree, this is not a "last chance" anything. There are multiple projects on the go. This is merely the "first chance" in respect of the conventional oil within the western section of our leases. It is potentially the largest of the three areas, but note have been fully evaluated yet. As I understand it, every time we "puncture" a stacked reservoir, we can send out an acoustic signal (like a fishfinder on a boat) to determine where the boundaries of the field are. At the end of this mapping exercise we will have a better idea of the volume of oil down there, plus of course, we will get oil samples and pressure data (flows) at each instance. Again, as I understand it the flows may or may not be indicative of the "optimum" flow rates as some of these puncture points are not in the best location for each target, some are on the periphery (bur suppose we get a commercial flow rate on the edge of the field, then think of when we go for the "sweet-spot" and use of the word "gusher" (maybe). We have had a couple of disappointments, and by keeping both feet on the ground we should be prepared for a couple of "lacklustre" results out of the 7 plays - but as I said, this is the "first chance" salon, not the last chance. Not being certain of the accuracy of the animated video regarding the three Torok fields, but at least 2 of them looked to be piercing quite a thick layer - over which PMO will be salivating, even now. Some "investors" will start piling-in when the Ice Roads start to be laid (I wonder if they will start when DW is in London?) others will wait for the sp to start accelerating, closer to spud - but when the stampede starts, shares will be as rare as hens teeth. Over the last 12 months I've noted a number of posters who average around 2.5p (as do I) so, I am looking and expecting to see that part of my portfolio hit 5-8p before selling, and then only sell sufficient to see the balance run as a free ride. We may be running behind my aspirational schedule, but I feel that I will be in a forgiving mood before Q2 ends. LTH's just need to lay back and enjoy the ride, and remember the HRZ, Yukon & Winx projects are simmering on the back burner as well as the other two conventional exploration areas.... Last Chance, I think not!
think less than 6m, we are only 12 days away from December, time marches on :-)
Feel optimistic as LTH (Almost 3 or 4 years now) and we are the final stages with 88E. It feels this is the last chance opportunity for this company as they've missed the mark so many opportunities. Well I wouldn't say missed the mark, they had to do their previous runs and built up all this data and now their finally going to exploit it. With profits pouring from other metal stocks I feel the hold for a bit longer is going to be worth it.Imagine if it works out - how fortunate PMO is to come and invest at the very end of the road and get their results, quite smart if it works out!