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Hi Guys the price is starting to tickle upwards as I saw my trading account turn blue and a dummy trade proved the point so maybe interest and excitement building before the bank holiday, GLA Swissy.
Good volume and decent buys today.
Hopefully things will continue into next week.
Have a good long weekend all.
Ness due next week so probably buying in anticipation.
Not sure if a holiday in Germany on Monday so one day closer to drilling.
Will we see a flurry of blue,before 4.30.
Looks like its 0.53 to sell and 0.54 to buy, only 9 trades so far. I hoped for a bit of fomo tody but it appears HEX is stealing all the traders today!
Hopefully we will get a good update next Tueaday which sets this share off.
I wait thanks and stick here in BCE - mercy bucket
Still not too late to get into HEX, but I would buy first thing tomorrow, as suspect it could have a Friday frenzy over there tomorrow!
Well done, im sadly all in here so had no spare cash to put in their. Hopefully this share wil make more money than HEX in the coming weks or else ill of backed the wrong share.
Kevin
Just a quick thanks for putting up HEX yesterday.
Got in first thing morning and it’s now 22% up and still going.
Appreciate the tip and hopefully our day here will be soon.
Personally think we will break above that range soon, we would have done so already had we not had Spreadex selling 600,000,000 which they picked up in the raise at 0.05. Finally the rig is been mobilised, drilling side track thereafter soon, long wait but May will provide the excitement and the market makers know it.
It's traded in the range 0.045 to 0.06 since 29 February
Thank you Hepseal, all of your figures mean we’re on the cusp of something big.
GLA
I.e. Operating Cash Flows (after deductions).
As if by magic, from Beacon recent presentation:
150 bopd = $40k per month
300 bopd = $295k per month
600 bopd = $805k per month
900 bopd = $1,310,000 per month
Yes, 150 wouldn’t be a failure, that would be seen as a success. I’m no mathematician but I wonder if you could do some sort of ratio calculation to work out what the BOPD would be with the ESP fitted. 400/450 seems like a good number. I can’t remember where I read it I think 150 BOPD means the company only breaks even?
While I would not call 150 bopd a failure I would want the flow figure to be above 250 bopd (eventually with electric pump) to be able to call it a success. Having taken on board the wording used by Beacon and Rhein in the past I think their is a reasonable chance we will achieve around 400-500 bopd and hopefully more. (just my opinion and please DYOR)
Troajan , Kevin and Olwi
Thanks for your thoughts, very much appreciated.
Always good to hear from other regular investors willing to give well intended information and research.
I’ll jump over and speak further on GOLD in due course. Been a bit manic today but hope to get some reading done etc tomorrow.
Regards.
150 is commercial so I think anything above that will be a success. I’d prefer the full 250 with a caviat that it needs the other pump to get more but 150 would be good
Thank you Olwi.
Yes, they did someone bought a lot at 0.06, it could have been Monday, I don’t exactly recall but 2 multiple million buys went through at 0.06
What would you class as a successful sidetrack (BOPD)
The rod pump delivers up to 250.
Yes but did anyone buy any at that price? Or was that just the offer price?
Like Troajan HEX is where I will look next.
ARCM and KAT also look interesting.
This vids about don'ts and do's about stages in mining cycles
but it also applies to the hydrocarbon sector,in its stages
worth a listen,by this pretty lady.
https://www.youtube.com/watch?v=xDFAKWTVe8k
Well in tro let’s keep them daily top ups going lol
Sheep hatch we ( me and tro) talk about other shares at the below ticket come across and join us if you like
https://www.lse.co.uk/ShareChat.html?ShareTicker=GOLD&share=GOLD.L
But you didn’t ask me but I’ll answer anyway lol pred looks a good shout if they can get this sand testing done, I think it was feb when they said they wouid start testing on the following Monday. A month later another rns dropped saying their was a delay so I’m nervous about investing their but might put some of my winnings from here in their.
Hex another one that looks like it will take off this summer.
Geni they are due to release some results soon so that could pop soon as well.
We discuss quite a few shares at the above link feel free to pop by….