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Thanks ;)
Nice pattern to pxen chart
gas? pxen
gold? arizona metals.
nirvana..."its fun to lose..."
but....quite possibly not.
Can't sleep now :)
dai
shg?...some of their latest drill intersections....have grades over 1000 grammes per ton
or 30 ounces
cant get much better than that
nitezzzzz
grammes per ton,for gold?
rare earth minerals,are even worse,they can be lower than 0.10% for a ton of ore
dai
sentiment dai
there isnt much love in that sector
hence why you click onto any aim miner,theyre all stuck in deep downtrends
but at some point,that'll change.
like it did in 2009/10....when the mining sector,shot through the roof.
then in 2011,a deep bear market,took hold
atm...the oil n gas sector,is the best place to be.....for now
oil n gas upcycles,tend to be,short live...
eee?....the gold grades are well above average,but the intersection,have some very narrow ones...less than 1metre....which is not very good.
5 metres is ok
20 metres is real good
owt over 100 metres is cracking......ggp,as intersections,over 300 metres,very cracking.
I am clueless with miners, I dont understand the quantities, If I mined 1 tonne of rock I expect 1/2 tonne of gold, not 1.5 grams ;)
Almost 1/2 placing price, but I bet those 2p shares were forward sold looking at the spike around the news being announce..
So why does a miners price drop building up to results?
dai
eee
another one,but gold,the downtrends ending....drilling started about a month ago
now's the time to buy..imo
https://www.lse.co.uk/SharePrice.asp?shareprice=EEE&share=Empire-Metals
dai
as risky explo's go....its a pretty safe bet dai
its on a 6 month low
placing done,hence the low point
only a month or two....for 2 sets of news,of which,you can sell.
easy peezy.lol.
Ta Troajan, are you intending to sell Kev and I your shares ? ;)
page 8, valuation but...
.EOG have just a 25% interest of .....
"The reserves already discovered at Serenity represent the opportunity for a commercially attractive tie-back to the planned development at Tain (operated by RSRUK and subject to development approval) with recoveries of approximately 8.5 to 20 MMbbls. If further appraisal confirms the sand deposition and connectivity model, then oil in place would be circa 197MMbbls and a stand alone full field development would generate recoveries of 100 MMbbls or more...
https://www.europaoil.com/wp-content/uploads/2022/06/220609_EOG-The-full-package.pdf
I see the Gov are crafty with that windfall tax to please some...
New Energy Profits Levy (the windfall profits tax), its effect is substantially offset by an increased investment
allowance (raised from 62.5% to 80%) introduced concurrently. This allowance is designed to
incentivize investment in the region, rewarding spenders with the ability to immediately save
91p of tax for every £1 invested.
and its an apraisal well,so they have around a 70% chance,of finding hydrocarbons.
unlike a wildcat drill,which as a 20% chance of success....aka EME's failure a month back
eog?
kev/dai
theyve already done a £7 mill placing,which is why,the sp is running in the low 2's range
drills due in sept,so only a few weeks to go.
ok,i realise some will have noticed,the sp can tank on no oil/gas news
but your buying into where he1 was,when it was 5p,before the last drill
so your buying in,at the bottom....so your timing is spot on..imo
the final drill depth,is due a month later,after the spud
so you have plenty of time,to take profits ,just incase,it finds no oil...they call that,a duster
no reason,why 3p,cant be breached,before the spud....then a pullback,usually happens,after that
gla
Thanks dai, I’m avoiding the quick win shares that’s it’s all or nothing unless I can get in before the spike like I am here. Looking at that one it’s very up and down I can’t see which way it will go.
Fingers crossed down as I’ve not invested in it lol
@Kevround. might be worth looking at EOG, spud coming up september, not sure what its worth to the share price, if you find out let me know...
https://i3.energy/operations/uk-north-sea/serenity/
https://www.europaoil.com/operations/united-kingdom/serenity/
might be something in here, not looked yet, time to go out
https://www.europaoil.com/wp-content/uploads/2022/06/220609_EOG-The-full-package.pdf
Void, class A salt seal
https://www.geolsoc.org.uk/~/media/shared/images/education%20careers/Plate%20Tectonic%20Stories/Sites/Sicily/Realmonte%20Salt%20Mine.JPG?h=345&w=460&la=en
No1 its sarcasm, for the badly written RNS..maybe setting the stage for drilling updates
But its from the RNS
· Rig considered suitable for planned operations, with acceptance subject to completion of audit process
it also says
Completion of the audit was delayed by approximately six days
preparations on drill pad design progressed in time to receive the Rig..
Oh excellent Lattore - 12/10 is my birthday, ta.
Dai
where did this news come from?
your imagination ?
I have some good news
· Rig considered suitable for planned operations, with acceptance subject to completion of "audit process"
No pass criteria, just need ADC to tick that last box....;)
Dai 11:44
Had a word with DM, stating that October is
too long to wait, get it done in September:)
‘No comment’ was the reply, something is
cooking Dai and it’s not your dinner:)Haha
06.53
Best Notable comment I've ever seen on LSE.
Good on ye!
GS
Void, September ?
Thats next month,
@DD13, Ta..
Next event the suggested audit restart date
and just perhaps to finish off: from a chart perspective.
On 3 separate days times the SP fell and closed at 7.4p, so the majority sold down to 7.4p before new buyers thought at that at that price (7.4p) it was good value and bought in.
During the 3 time event the SP rallied to 7.6p (having previously also topped at 7.6p before falling.)
However now it has closed yesterday at 7.95p.
From a chart perspective it is telling me that the sellers (at 7.6p) have been exhausted which is why the price has risen.
As a result the SP has 2 options, it can go up or down. Given the above explanation I think if it falls it "should" only fall to 7.6p as that was the last place sellers came in and the chart says they have all gone.
The other option is that it will rise and that it "should" go to 9p before sellers come back in in any real number.
So, given that I can't predict the future and that the SP always has 2 options I assign a most likely move to what might happen next.
I think it will, on balance go up and will look to around 9p before re-examining my position. If I am wrong then I will sell if it falls below 7.5p
I think the key point is that using FA as a basis of buying (or selling) the individual usually does not wait until the news is released but actually gets in sooner so as to get the most gain.... and that's when in fact you are in, for want of a better expression, "my world"