Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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good volume!
This is a traders share now, it could well temporarily bounce around as people play it, but underlying value is well south of 1p.
Not worth selling my meagre investment. Other projects maybe out soon anyway.
This is gonna bounce like crazy here...lets go!!
Via a poster on ADVFN
Rough figures...
£10m mkt cap at 1p. Cash of £5.8m
Not checked myself
"we've been completely misled or the management are not as skilled as we thought. "
You've haven't been misled by management, you've invested in a company with a single project with a CPR from an independent auditor that deemed the project to have a high chance of success but not without risks as any drilling operation is.
How much cash does the company have left after paying for the well?
Crazy!
You mean strap in for the crash to earth - we've been completely misled or the management are not as skilled as we thought. Nightmare day ahead
Wow - news to wake up to that is!! My take is - there’s no way they could have drilled near to TD yet. Only if jack fruit was found when they reach TD would there be an announcement. Our buddy @energygeo said at the weekend (following their analysis of the announcement on 14 jan)….’likely midweek to reach the top of the attic’….. what day is midweek?? TODAY ….
Fingers crossed still tho and tbh I’m crapping it now
Have a great day everyone and strap in for the ride
PJ
This will fly today 30% increase by close of play with no rns!
Leave it to the grown ups...an just watch lol
For me RNS at 7 to halt also ADV
I'm going for an rns at 7am
Be about right...the ashes wasn't enough for them...
@amin I'm on the the rig I'm gonna tell the Poms it's a duster.. Wait til price drops then pile in cos I know its not a duster.. easy peasy ...
"I'd be surprised if ADV doesn't follow CVN into a trading halt awaiting results. Could you imagine the rumour mill if we stayed open.."
That's AIM, you pays your money, you take your chance.
I'd expect they release an update this morning, but if not it's not going to be suspended.
PoO just touched $89 too!
Dont think that will happen jezz. Cvn have done it because they are compelled to do so
I'd be surprised if ADV doesn't follow CVN into a trading halt awaiting results. Could you imagine the rumour mill if we stayed open..
Complicated timing!
Perth stockbroking firm Euroz Hartleys describes Buffalo, which is 50% owned by Carnarvon, as “a material well” which should be easy to develop because of its shallow water depth (30m) and could generate a higher internal rate of investment return than Dorado.
Perhaps most importantly, success at Buffalo would elevate Carnarvon from the ranks of explorer to producer in what could be a useful warm-up for the bigger (and Santos led) Dorado project, which started a final investment decision (FID) process last June and is expected to win a formal go-ahead decision by next June with first production in early 2026.
Long before Dorado proceeds, Carnarvon will know a lot more about the geology and oil production potential of the surrounding tenement as a round of drilling gets underway to see if Dorado could be more than a solitary oilfield.
At the same time that Buffalo No.10 is drilling over the next few weeks, Carnarvon will spud the Pavo No.1 well located 42km east of Dorado, in 88m of water with desktop analysis indicating the potential for a reservoir capable of yielding 82 million barrels of liquids and 108 billion cubic feet of gas – an estimate that can only be proven (one way or the other) by applying Getty’s third wealth creation maxim: drill.
My take: column top hit, time needed to TD and logging
This will be an interesting opening!
Clearly everyone is worried/ nervous. It is normal practice to suspend trading in asx when there is something material that may affect the price. If you look at the company announcements for cvn they have done this many times before. Most recently was before the dorado find.
It would not surprise me if they have been going like the clappers to work out enough information for adv to put out an rns this am.
Gla
Advance won’t halt trading, the rules here are very different to ASX.