Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The directors have taken a pay cut, at time of increased activity in Namibia and within the company. We will soon find out whether they have been earning there corn.
The Peter Hill will have taken a pay cut coming to GBP and probably thought it a short term move. Having got us through the sectors cycles and exploration ups and downs to a point where we are drill ready and deal ready
On current form we will be seeing further news this month for sure and possibly next week. All to play for imo
If you don’t like directors getting paid, completely in keeping with every other company across all markets worldwide, sell your shares and don’t invest on the markets. If it it GBP specific, sell your shares and buy elsewhere. You have the choices.
1% of any company in one go is quite a lot regardless of size of that said co.
Nai/DYOR
Given that 1% of the company equals sweet FA at the moment, 1.8 million shares is hardly big money.
I have lost count at the number of false dawns we've had in this company over the years. Meanwhile, the directors draw their salaries...
I wouldn't make an investment on the back that info, it may be something or it may have been a short term situation that has been since been filled. No details were given, but as you say it was interesting ;-)
Perhaps something to do with africanobserver posting heavily on 5th August?
That is very interesting. Thanks for sharing.
Nai/DYOR
Had a call from my broker last week, asking if a want to sell GBP...........I would be out of pocket if I accepted
Current online bid for 100k @1.275p
I missed that Jim, who asked if you wanted to sell ?
Nai/DYOR
I hold considerably more than 1.8m and when I said the other day I was asked if I wanted to sell, I didn't make it up ;-)
1.8m : )
Surely something going on as that’s nearly 1% of the company in one go !
Nai/DYOR
Lowest ASK on show is 1.40p......!
Here is a first, currently can sell online 1.8 million shares @ 1.13p
Hhhmmmm
Some people keen to get in this morning. Paying over the offer to start with and now paying 1.4p !
Nai/DYOR
Can sell a maximum of 1.2 million shares online again this morning, normal market size 20k
M, No wonder Paul Howlett's presentation to the Africa E&P summit 2018, was titled "Hunting Giants in Namibia" ;-)
Here is the latest list of speakers for the Africa E&P summit next month, there are at least a couple of regulars missing from this line up including Eco's Gil Holsman. They may appear in the next speaker updates
HTTP://www.frontierenergy.network/africa-ep-virtual-summit-2020-speakers-governments
Worth noting ReconAfrica over on the TSXV up 30%. They just raised C$10m @ C$0.70 per share, closed tonight @ C$0.89
HTTP://www.newswire.ca/en/releases/archive/August2020/04/c6651.html
Recon about to ship an onshore rig from Texas to Namibia and drill 3 wells, expected spud early November
“We will conclude by showing the evidence for an up-dip bypass zone for the non-deposition of sediment, and/or laterally continuous fault systems that will provide up-dip trapping.”
1Geosceince Team, Spectrum Geo, Woking, Surrey, United Kingdom.
2NAMCOR, Windhoek, Namibia.
November 4-11, 2018 – 2018 AAPG International Conference and Exhibition, Cape Town, South Africa
Posted: March 26, 2019
Written post Cormorant drill.
http://www.searchanddiscovery.com/abstracts/html/2018/ice2018/abstracts/2994805.html
Welwitchia Deep, Gemsbok, Lion, Dik DIk are those reservoirs located up dip in continuous fault systems at the right geological depths. No other company that I am aware of have reported such prospects in the Walvis Basin. Only GBP. They combined are capable of holding billions of barrels.
It is not too hard too see why Namcor gave 3d to GBP for 7% of 94. It is not hard to see that GBP speedily carried out and published some data on 94. Remember, this acreage is huge and additional prospects are expected. It is not hard to see the release of the above link I have posted ties in exactly with the successive contacts with counterparties over a possible farm out in 3 quarterly reports. It is not hard to see TRP swinging 180 degrees and talk up GBP.
Namcor, Geoscience and Spectrum Geo have spelled out the location.
Great post M, spot on summary of the developments in the Walvis Basin
Again the mm's can't get hold of enough stock, can sell 1.2 million online currently......the ask is up as well
Personally still of the view as stated on successive quarterly reports and written on GBP’s website is “farm out deal.”
I don’t think many get just how important PEL 94 has suddenly become. Walvis is the only basin in Namibian waters to have brought oil to surface. 36api - 41api found below its original shallower target in what has only very recently been discovered as below that regional seal. As J has mentioned time and time again, millions spent on the easier shallow waters to no avail. Reports of oil/gas signatures etc etc are promising from the few drills carried out but lateral migration appears to be a major issue in the shallow water locations who have their reservoirs above that seal. Eco 30 PCL 37 , Azinam and so on with targets above that seal are dead in the water for the next phase of drilling. So, take your pick.. GBP or possibly neighbouring Oranto? for the hunt for that 36api-41api oil in the Walvis.
There currently no other licences with prospects below the seal in the Walvis. .It is ALL about proving the regional seal and a successful reservoir accumulation. Welwitchia Deep is currently just about the only prospect that meets the bill, it ticks ALL boxes, 3D, large enough reservoir, follow on prospects, below regional seal, up dip (for examples) Ironically it has been one of the reasons GBP appear to have been left on the sidelines for so long. Well it’s our turn now and the board have highly desirable assets, a complete about turn and they know it.
You forgot BOD negotiating on best terms. As ever it is risk v reward. Every shareholder has their own choices to make and take.
Anyone interested in a vote?
A - a modest placement
B - an RTO by Azinam
C - a farmout to SeaPulse and/or other parties
D - simple speculation based on random noise
Adding and waiting as something is going on imho with the recent news and increase in activity.
Nai/DYOR