Oh yep, here we go, working in pairs. Same scare mongering tactic. No spot funds are not needed. They are cashed up till back end of this year. Additionally it's likely sturec will be sold for circa £10m. NVS and VC do not like dilution. Please explain why you think funds are needed in stead of being childish
Feeks, you've tried your damnedest to bad mouth this stock, and fair play to you, put a lot of time and effort in....wasted time and effort I hasten to add. But I think even you must be able to see that a corners been turned here.. so go on, away with you now. Unless of course you can back up your argument with tangible facts and evidence? Hmm? Thought not
So.... Another positive update. Couldn't be any clearer if it smacked you in the face. This resource is significant to say the least. The current JORC of 1.2moz is a joke and when VC stayed 5-10moz he probably isn't too far off. Also NVS being conservative when he says 'well in excess of 2moz'. Cashed but till back end of this year too. To say we are undervalued is the understatement of the century. Cash in bank, and 3 big resource projects, of which CASA and the Akyanga belt is an absolute beast of an open pit resource. Amazing
The same argument, debate, ********, whatever you want to call it had been going on for the past 48hrs here. Everyone's heard both sides off the argument and made their decision so let's drop it. Thanks in advance!
This zone is flowing naturally. The reason they want to frack is because everything suggests that there is a HUGE reservoir here (hence how it's flowing naturally) just can't flow quick enough. So need to increase the permeability. Also I disagree and don't think they should bypass this at all. Everything learnt here will aid in the other wells they drill in area. But Dempsey hardly priced in currently
Not even sure why it's happening. That RNS was literally nothing! Plus it's not about the 140mcf which we all know is pittance. It's about the reason it's coming from one of the deeper zones previously thought to be nothing of interest however upon drilling showed significant pressure. Therefore with a bit of stimulation/fracking could 'release the beast down there'. The upper zones are already commercial - SGC just being thorough on the lower one.
There's no new information in that RNS. So if you're trying to 'sell on news's this isn't news. Why don't you wait for China / India news (shortly) confirmation of fracking license (Q1) or alveres permit. Plenty more to come to try trade not this update lol
To be fair from the RNS and MCAP you decision to buy makes sense.....don't think anyone expected at drop like this off the back of that RNS. 3.3 billion barrels of oil with current crude prices is significant to say the least. Even with extraction costs, logistics, geographic location etc its nothing to be scoffed at. This will have caught the eye of a few today. Of that im sure. See what games tomorrow brings
The gift that keeps on giving. Not long before the beast that is casa is 100% owned and JORC obviously going to increase significantly after continued brilliant results. Let's hope its at the top end of 10moz :) unbelievable currently still at this mcap. Roll up roll up, back up the truck and fill your boots