Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If GJ of SGC reports non commercial I say we sue his arse for being an incompetent pleb. That will hold up under common law won’t it? :-)
BigBear, at first I thought you were being harsh, but as every day of waiting goes by I agree with you more and more. Besides wasting 3 months on testing the bottom levels on the erroneous basis that we couldn't first by-pass them and then go back later to test them, we were, and still are being given the constant message that information can't be given to the market as it would put us at a competitive disadvantage in acquiring leases - but still no evidence has been provided of SGC acquiring any further leases (and are those additional leases of benefit to EME anyway?). The testing of the well will soon have its first birthday. So somewhat unimpressed here. Hopefully we will get news from Raven next week on further corporate action, and too, maybe the Tulainyo read across - but that's a poor substitute for the real news from Dempsey we all have been waiting for, for far too long now. Anyway, that's Friday's griping done. Sun's out - so let's make the most of it. Have a good weekend all.
KOE TK has fresh money he sold his shares in the other company he is the CEO of. It’s alright for us financing GJ and his backwards theories. When is he gonna finance us. We are not here to sponsor SGC at all, Call themselves operators, more like bloody labourers All IMHO of course
Didso my issue with GJ is he has done nothing to protect shareholder value. SGC just placed @ 5c, which is an absolute total joke, considering it was hovering around 20c for a while. He stated he had to test bottom up (with the most risk first) What have we just done - tested a field level reservoir at commercial rates. if he had one this whilst sentiment was high I would estimate SGC would be nearer to 30c than to and likewise 30p or so here... So yes it may (hopefully) come good, but with the inept management of the drill he has us starting at pre-drill levels here 10-13p range, which considering he was spouting off about a world class discovery is a joke. Personally I think they will squeeze out a commercial rate from comingled zones, which should at least put a floor under the price and hopefully give some upward momentum.
Sorry my last should have gone on the Cradle Arc site .... Sorry for error and any confusion
Didso, it’s inevitable it will drop off a bit and I don’t think we will see a sustained rise until either good news from Dempsey or updates on China and Indo. The reason (imo) the price has risen slightly is we have the Dempsey gamblers back in, if the results are less than positive they will be out again and we will be trading in the mid 10’s once again until China update, with oil at $80pb currently this is where the money is and this is the reason I invested, I guess most too! Gas is a bonus here, to play the devils adovate this won’t be a company maker or breaker, yes be a great positive if it comes back a gusher but the worst that can happen is it doesn’t and we drop back to mid tens until new money is pumped in with the real ease of the JV in China, we need fresh money, at the moment it’s just been recycled!
It’s alright dragging your heels being jack the lad with other people’s money.
Hi didso My own view is that we are due some ( at least ) quartet results very soon And if you look back at interviews you Will see that the company is well in profit from the current price of the metal Those who wait will be rewarded all my opinion of course but just look at the Numbers ... they speak for themselves :) very Strong Buy
Lets hope this not another false dawn? We need to hold this position until next week and hope for some news! On the subject of GJ who I think most people think is a real toss pot with his handling of this drill, what if it does come good, a big what in my opinion but if it does we will have paid for him to have put all HIS theories to the test. The rewards for SGC from it being successful would be huge as they could get so much extra business stating their success story from here! So is he such a plonker or a very clever man? GLA.