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"He knows the potential here and is getting in at the outset !"
Another totally inane post. Can't you read? The bloke - Scott Gilbert - was the co-founder of Apex, who were originally awarded the blocks in Angola which Apex sold on to Corcel. He was there before Corcel turned up to buy the blocks from Apex.
Don't blame me for the low share price - and even that is continually being 'bumped up' by the management with 'premium placings' and silly 'Put Option' transactions at over double the current share price.
I expected TO-14 to be a no-brainer and to flow multi-thousands of bopd alongside everyone else here. The no-flow result has been an absolute shocker, which has not been helped by the total inability of the BOD to accept that things haven't quite gone to plan.
Very big and expensive-looking BOD -- unless, of course, they have all agreed to work for zero salary (alongside agreeing to buy placing shares at a large premium to the current share price).
I believe that the 'very positive news' expected was concerning the flow rates of TO-14 which actually failed to materialise - so far at least.
Never mind they still have the option to head off across the South Atlantic and acquire some proper new assets in Brazil. Maybe that is where the unicorn is hiding.
I don't think that the news from Riversgold, the earn-in partner in the Northern Zone gold prospect, was reported here or by ORCP in depth.
The full announcement, which was released on 16th April, is in the link below. Riversgold seem to be quite keen on progressing this.
“RGL’s senior team were on site a week ago to scope the next drilling program and making plans to drill Northern Zone to deliver a maiden JORC-compliant resource. We see Northern Zone as being somewhat similar to Saturn Metals Limited’s Apollo Hill Gold Project and the early metallurgy points towards a potential heap leach operation.”
"Located 175km due north of Northern Zone, Saturn Metals Limited has released a Preliminary Economic Assessment (PEA) on the Apollo Hill Gold project that has a resource of 105Mt at 0.54g/t gold for 1.839Moz. RGL views the Apollo Hill project as an example of what we are looking to achieve at Northern Zone, albeit with Northern Zone being a potentially larger project."
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240415:nASX8g631m
Yeah, Bladey, blah, blah,blah
I would have reported your rude and derogatory post and had it removed but as that would have probably removed the whole thread which would have then removed all of my posts there was little point.
Richard Jennings - Investor, commented: "I am very pleased that under the stewardship of Antoine Karam the trajectory and prospects of Corcel have been completely transformed with the new focus on the Company's Angolan oil fields. I and Catalyse Capital have provided support to Corcel for the last few years and we wish all shareholders every success in the Company's activities in Angola"
The wording of the last sentence makes it 'sound' as if Jennings and co have now sold out completely, though, in fairness, this is only an assumption.
If TO-13 fails to flow the share price won't be at the current level for long. Oh, but don't worry, there is always TO-14 - surely that will flow the second time around, or else why would they even bother to go back and try again (if they do)?
Now I know the meaning of the phrase 'The blind leading the blind'. Or rather, in this case, the 'dodgy' leading the blind. And I hope that Karam doesn't know anything that the market doesn't know, as that would be tantamount to insider trading. It reeks of a rather silly and desperate action to try and bump up the share price at any cost.
As I posted a few days ago, HE1 have raised a total of £39Million so far. Montana, USA is going to be a much cheaper place to operate. Let's just hope that the Helium is there in the same quantities and flows to the surface.
This is just 'dodgy' management acting recklessly in the face of what can only be taken as bad news - ie. the lack of any flowing oil from TO-14
So far there is nothing to show for 7 or 8 months of drilling and testing. Whether this changes remains to be seen.
I agree, Worzel1, and I am quite happy to wait and see what the assays say.
Having said that, I am sure that they would have had a hand-held scanner on site so they would know already if the superconductor was stuffed full of high-grade nickel. We will have to wait to seein the 'coming months'.
The transaction shouldn't affect the share price at all. The only difference is that Jennings are not now going to sell 99 million shares on the open market.
Of course, the usual crew will ramp this to death and the usual succours will buy more shares at a premium but then who cares? Not me anymore.
Dodgy on.
Not really. It is just the Executive Chairman buying more shares at a premium to halt any further decline in the share price due to any overhang. Can't blame R Jennings though as the shares only cost him 0.021p and now he has offloaded the lot at 0.075p when all he would have got on the open market was about 0.025p or less.
I would rather the share price go up as a response to flowing oil rather than silly director's buys.
But then you all know my opinion here anyway. And dream on, but it won't do you any good.
"The mineralised carbonaceous mudstone contains abundant pyrrhotite-quartz-calcite veining and localised sulphide-dominated veins of what appears to be pyrrhotite (Figure 1). Further mostly vein-hosted sulphides are present throughout the intervals including dominantly pyrite."
So is there any nickel or not?
"Geophysical superconductor is interpreted to be a sulphide mineralised carbonaceous mudstone unit between 760.5 - 813m downhole depth and from 828.4m - 832.6m (end of hole) where it remains open at depth."
Also, as in my first post, if they are still in the mineralised zone, why have they stopped drilling?
So drilling has finally intercepted the superconductor at the 3rd or 4th time of trying. I think it was always going to be much deeper than they were drilling as it kept showing up despite the drill never finding it.
Personally, I can't make a head or tail of Para 3. It is meant to be massive nickel sulphide but there is no mention of nickel in the RNS.
Also, if the geophysical superconductor remains open at depth at the current end of the hole (832.6 metres) why have they stopped drilling? Surely they should drill on to the end of the mineralisation.