Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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He can't really win, if he didn't give a timeline everyone would be moaning and asking for a timeline guidance, if he does give one then if it misses he gets lambasted.
This is out of his control, there are no set timeframes to work with and this is India, just be patient as each day passes we must be getting a day closer to the approval.
On the Approval, it was my understanding that it was to approve the JV partnership, so not sure how much detail will go into the workings of the field.
At close think the @sk was showing, as 0.125. As it is now showing as 0.13 from start then the 0.123 & 4 trades are likely buys.
Not sure but is it the MM's who set the @sk & bid level?
It's possible that most people WANTED to believe Roland in the same way that we don't want to believe that someone we trust has done something wrong, but deep down many of us knew what was coming (or not). Roland can set and miss all his so called deadlines safe in the knowledge that a) he will still be paid and b) there' nothing we can do.
Would make sense Gordon.
Ssccss. I would think reinstating the plug might be one of the three planned workovers.
Still have no idea why GOI requested SYN to open up the old zones for the testing. I wonder if that has been dealt with yet.
I think most of us believed it sausage. In spite of his previous abysmal record on virtually every time scale he had ever given he seemed so adamant , with " a formality " and " a matter of weeks, that I, for one believed he must know for sure this time. Should have known better I suppose. There is now a massive credibility gap hence the sp.
Update - still awaiting Goi to get off it's backside and do an approval. Nothing anybody can do except keep badgering them. Not sure what else anyone can say or do
Pleased I didn't top up and increase my average now.
Didn't really believe it would be under 3 months but one can wish... However, now I'm wondering if it could be a lot longer going on how long it took last time to get approval. It would be better for Roland to give an update on how approval is going and a new time line. Although, having said that, it would probably be totally pointless as no one would believe him anyway. I guess we just wait... Could be tomorrow, or Christmas.
Did anyone believe the 'matter of weeks' statement from Roland?
I thought it would have been before the election, but now we will just have to see.
I think we should press Roland for an update RNS, for me SYN or Selan are being asked to do a few things before approval is given. Such as the electrical stuff SYN recently tweeted about. We are in the hands of the approvers and if they say jump, we just have to say how high until approved.
Emailing going in to Roland this morning. Three months instead of a matter of weeks, has shot him in the foot again.
Let's see if we build from here today or sink further.
"A matter of weeks"... Next time Roland can pull the other one! It's got bells on it :)
Holding on n to 12’s but disappointed with no news , thought we’d get it this week with tweet a few days ago . Oh well nothing we can do but wait
Overall crap day.
Let's hope on something positive tomorrow.
Going on 15.01 & 04 trade 7M is a buy.
Must be some more delayed buys in the system, cannot get a quote to buy 1m now....
Will the previous resistance a month back now turn to support? Some buying going on around the 0.125p area...Cheer up DVH you can buy in and trade from here...
GOI JV approval will be forthcoming, just not until after the elections imo. In the meantime folks will continue to trade this for a few quid....
Thought there was something brewing?
Need news here soon
Afternoon!
Quiet today , looks like the wait goes on.. after trades usually pick up , possibly end level
Thought there must have been a delayed buy to show, explains the tick up towards the end. Nice 5.7 mill buy 16:21. Roll on tomorrow !
We have so much to come.
On completion of GOI approval signature.
3 New wells to be drilled.
3 wells to be revisited.
CCS project.
On top of that we have cash in the bank and more bonuses to come.
· Synergia will be entitled to bonuses of up to US$ 9 million, linked to future cumulative gas sales thresholds being achieved as follows:
o US$0.5 million, if cumulative gross gas sales from the Cambay PSC exceeds 5 Bcf;
o US$1.0 million, if cumulative gross gas sales from the Cambay PSC exceeds 10 Bcf;
o US$1.5 million, if cumulative gross gas sales from the Cambay PSC exceeds 15 Bcf;
o US$2 million, if cumulative gross gas sales from the Cambay PSC exceeds 35 Bcf; and
o US$4 million, if cumulative gross gas sales from the Cambay PSC exceeds 70 Bcf.
Synergia will do us all well.
Happy with another blue day ahead of news !