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What is the cause, me ole China?
Wyn: “I agree that this delay (whatever the cause is), is nothing to do with ADV, but that's not the point. The delay is, and the cause therefore is, important.”
TC: Que? Your comment, Wyn, reads like gobbledygook to me given the “Cause” has been identified and as all have acknowledged has nowt to do with the merits of the Buffalo 10 drill.
I’ll be holding and buying the dips ….but not on the back of scaremongering.
GLAH
TC
There’s some big holdings by the posters on here. I don’t imagine we’ll be making them available anytime soon, which will only support the SP and help drive it higher when the rig arrives.
Dec will be a good month IMO.
smart
Added another 811k at 3.92p - increasing the holding to 6.3m.
delayed sells possibly
Markdown looks a bit harsh with all the buying. Any large sellers in the wings or just market conditions?
Fair enough Wyn. Im interested to hear your views, but respect decsion if you don't want to post them, in order to avoid backlash :)
Haz, its been known for me to go a bit left field early on in these type of situations but (without blowing my own trumpet) I am more right than wrong. But as its just guess work a lot here may (understandably) get the hump.
I agree that this delay (whatever the cause is), is nothing to do with ADV, but that's not the point. The delay is, and the cause therefore is, important.
'The Operator, Carnarvon Petroleum Timor, Lda., has been advised that the Valaris JU-107 jack-up rig is in the final stages of its current operations with another operator, with rig handover expected within the next two weeks.'
Wyn you say you have your own suspicions of delay, but does the above not imply JSE overworks? That was my assumption. Do you think delay is something different/more concerning?
Like i said yesterday, i wasn't convinced by LP's 'end of nov spud' timeframe in last presentation, however I do think it will happen in next 2 weeks this time. They surely cannot keep giving these mini time frames and missing them without knowing people will start to lose a bit of faith in what they say.
2 weeks, rig mobilise, spud, results early new year. Price hold up pretty well. Pretty happy and confident here.