Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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20p in two weeks is not likely at all. Would be happen with 0.20p which is very possible.
Willec - I know I will lose all credibility here - If I have ever had any after JB's assasination - But I think we hit 20 by end of month - yep - I 've just become a Ramper (for a minute or two) - Why? - The facts are alligning and because The trolls are trying to persuade non investment and this one is a good chance - Folks in a few months time will be saying to them selves OH I wish, If only etc - ALL IN MY HUMBLE OPINION
Another way of putting it is - JB and Co will have peeeed on peoples chips.
GLA
IK
As Nas-k posted www.galp.com/corp/en/investors/publications-and-announcements/investor-announcements/investor-announcement/id/1529/update-5-on-namibia-exploration
It just gets better and better - The trolls are defeated - idiots.
Hi Druid
Sorry a bit confused by your posts - which previous farmin are you referring too please?
IK
And yes, Uruguay is all the rage now.....and a legit binary play........but heads-up people......while I do not doubt the sincerity of those involved now, we have raised off a farm-out before in prior incarnation.....it does not mean Uruguay is not real... but we have gone down this road before.
When it closes I will believe we have learned some.
Interstking, no, we found exactly what we were looking for in Cedros with Saffron 1, you are just a pessimist. Leo Koot said so after drilling, logging and testing. And he really knows what he's talking about.
Cedros and Goudron are just as good as he said.
I think...
In4,
Can't get it up at Goudron, So what about GY 677 then, 2000bopd for ages!
.....just joking, I know how sensitive that is considering all the production crashes around late 2015.
:-)
In4 - Thks vm for that info, much appreciated.
I guess if we have deeper pockets, hopefully, post Uruquay success, our growth could be exponential.
I suspect you are originally a CERP investor whereas I am a BPC veteran.
Originally a follower of Alan Burns.
One could argue that with deeper pockets (and maybe a friendly successful partner) The Bahamas might still be a play for the future.
I know that is going to give The Trolls food for disparagement but my argument still stands that we drilled against all the odds and failed on the first attempt. Virtually every exploration region fails on its first attempt. You need to be a major with deep pockets to have PERSEVERANCE. - Yep! pun intended.
OK pie in the sky maybe or at this time of night maybe I'm dreaming!!!
Have a good weekend.
Cheers.
IK
GLA.
InterestKing - Trinidad business pretty much breaks even at current production levels, ignoring the G&A of CEG, substantially BOD salaries.
The Goudron licence is main producer. From memory CEG only earn about $7 per barrel on first 150 barrels per month - thereafter rate is better and over 300 rate is even better.
All fresh faced CEOs look at the numbers and think - if only I can get production up to say 450 bopd at Goudron business will be transformed. Problem is investment needed and successive CEOs have all been cash strapped - they’ve raised cash but it’s been for specific projects like new drill on Cedros ( Saffron) - shareholders don’t like to cough up for boring Goudron .
If CEG do have a bit of cash spare after advancing Uruguay they may be able to make Goudron more viable which may increase the value if they want to get shot of it ultimately. PRD have bought Cory Moruga and will be applying their CO2 injection process to it- CEG will watch with interest.
I’m not saying any more about Trinidad because most people don’t want to know - Uruguay is the sexy number now!
In4 Thanks vm for elucidation and indeed insight into something v useful FMI.
Cheers.
GL
IK.
Cedros peninsula is SW Trinidad where some areas ouse oil naturally at surface. At Galpha point oil bearing rock is visible at the beach. At that beach it’s possible to see Offshore oil platforms in the Venezuelan basin where oil has been successfully extracted for many years.
Many have suggested that a deep drill onshore at Cedros may yield similar bounty but depth is required, ideally 15,000 feet and that costs a huge amount. CERP under Koot managed to finance two drills, at shallower levels, but was commercially unsuccessful.
CEG still have license and it wouldn’t surprise me if it was sold for many millions as part of the stated strategic plan.
Normas - correct - primary guide is MKT CAP@100 mill.
The nominal share price doesn’t really matter to institutions.
In4cedros - (what is the derivation of your name please ?????!!!!)
A superb comparison. History does not dictate the future. e.g. Otherwise we might have a 6 day ME war now.
Times and things change.
The question really for The Trolls is: How old are you and can you teach old dogs new tricks?
GLA
IK
GarryGraham- as a claimed Manchester City fan you should be acutely aware that fortunes can change, especially when some investment is introduced!
Up 12% on 157m volume - not bad for a Friday.
Shows positive intent for next week as we head north to 1p +
Very nice for a Friday and gone into an extended auction at the close. Getting ready to nice upwards moves next week.
BUY BUY BUY!!!! we are going north to 1p and beyond.
GarryGraham - how is the Charlestown deal a first step to dilution bearing in mind the conversion of the loan and Warrants are both at a premium to SP?
A share consolidation, per se, is not dilutive.
This is just more Timid Trolling trotting out the historical information and suggesting history will repeat itself. Yes it can - I expect the SP to advance in the build up period and it will almost certainly fall if there’s a duster- who would disagree with that.
If, however, the drill is ultimately successful, history of scenarios involving other companies, not CEG, suggests the SP will boom spectacularly!
The above 2 scenarios are the crux of buying shares in an Exploration Model - your dilution suggestion is pure tosh !
@Max “the neutral trader” throwing his toys out.
Perma-poor behaviour.
Since I invested, SP has moved from .045 to .16, farm out agreed with global super major, and now a £1.5M strategic investment.
If this is a “dead stock” to you, then it’s no wonder you’re underwater.
See you in a year 🫵😹
Up 10% with over 135m volume and ticking up as we go into the close. 0.16p - 0.165p atm.
The trolls are defeated as this is going one way which is NORTH
BUY BUY BUY!!!!!
The news has been getting better and better and it's amazing they have secured this as most people have lost hope it's finally waking up and surprised it's not received the rise maybe because people do not trust the consolidation which is rinse and repeat hope it's wrong on this occasion as the mega news is incredible.
It's all there to see if you can be bothered to wade through JohnBriggs de-ramping tripe/records...
Attract meaningful investment, LOL. That's what Willec was saying after the last consolidation... it's all there to see if you can be bothered to wade through his ramping tripe/records...
Here we go yet another tick up - heading north to 1p +