Member Info for Bamps21

Hi Jerry
Declines normally follow the shape of the ore body and this one being circular on the south end will tend it to spiral down 6-10 degrees and from what I've read over the last few months NC will begin there stoping procedures into the ore body from the decline tunnel as soon as possible.
As Paddy says it doesn't matter if it is the drilling for the tunnel or an increase in size, its all good news:))

Well done Paddy for putting those images together.
With the Arcuate zone heading north westwards I had in my mind that the decline tunnel would spiral around the southern end and the drilling seems to concur with my thoughts.
It looks to me as though they have started on the Feasibility study drilling test holes so that the tunnel can be designed .
Posts on here seem to disagree with my thoughts, I could be wrong and hopefully there will be more gold but they will have to drill test holes at some point
ATB:))

Hi Nige
I'm glad the builders have all rebounded a bit especially for you. I'm glad you're diversifying a little, I know you are very adamant that the builders are strong but I have been concerned for you not diversifying. Look what it's done for Tom.
Even my portfolio of 50% divi stocks and 50% growth has gone by the wayside, more like 80% growth now. I'm not holding many stocks that don't pay divis, only got a few thousand left here now and just sit on these.
My thinking around the current situation is the testing sector has the greatest growth and have 3 at the moment Ncyt,Ygen, and Odx . The first 2 are linked to the antigen test and Odx has joined the antibody rapid test group bit of a punt but looks good.
I've been researching the vaccine companies and I'm hearing conflicting accounts, so I'm not convinced it's anytime soon .
When this is all over I will revert back to my original strategy but at the moment I am playing it by ear
ATB:))

That spike today reminded me of the LGO spike when it went to 7p
I believe the market needed more shares and took out higher stop losses, not many punters can sell at those high prices.
Same happened at Ukog

Hi Ben
It's been a longtime that I've had a share spike in a straight line, great feeling :))
Good luck stay safe

Hi Neon, Chesh
Forgot what it was like to have a share spike, Ncyt fantastic :)))))

Hi Tom
What is happening any idea Ncyt over £4
ATB:))

Hi Tom
Good that Tw rising, with the up and down swings it could be a good play but think I leave that for Itm
Took a very small punt on Odx yesterday wish it had been a large one they doubled this morning, they formed a consortium with Oxford University to do with making a vaccine.
Morning Lancs
Well done with your purchases

ATB:))

The only reaction will be if Prd pay $4.2m unless you know of any other benefit that we don't know about

Peter said to me yesterday "that you still sound hopeful on Saffron " and yes I suppose I am.
Firstly in this crisis Trinidad seem to be containing the virus apparently 68 people off a cruise ship are isolated, restaurants and bars are closed.
The Saffron testing can't have stopped they would have to notify the market.
The Lower Cruse is very complex 3+ horizons to be tested separately then the gross pay sands. They could be doing 6,7,8 tests and maybe water issues to address besides testing the Middle Cruse.
If the Lower Cruse is a success then maybe the Middle Cruse will be drilled later as shown on the latest timeline, see Chesh link yesterday.
With success on the LC then permanent 5,000 barrel tanks maybe required.
At the moment they are still within their timelines but only just.
Yes I'm still optimistic .

If the Innis situation continues at 50-50 what can Cerp expect
Recoverable reserves of around 8.9m less the 10% of the pilot, on today's price of $26.79 would give around $11 per barrel after costs and taxes.
Overall there would be $88m in revenues less 10% untrievable would leave approx $80m divided by 2 =$40m each.
A $4.2m cost to buy for a potential $40 seems fair to me even at these low oil prices.
At Saffron the potential revenues at $26.79 of 11.5m recoverable reserves is $253,000,000 after costs and taxes :)))))

Hi Zebra
I hope Prd do buy it even on reduced sums $2-3m at Saffron will make far more than at Innis.
I think Prd will do ok at Innis overall but not with the pilot, the recoverable barrels in the Herarra 2 pilot zone will only just cover the initial set up costs let alone the buying costs.
Will be interesting to see a new CPR report on what recoverable barrels are still there.

Could a deal be a possibility with a lure of joint venture on Saffron? Who knows, we don't get told anything
ATB:))

Hi Zebra
The clause in the agreement is $4.2m , Cerp do not have to accept a lower figure.
The way it is at the moment the revenues after taxes, costs etc are too small to share 50/50.
Even at the $60 WTI levels revenues were only $30 and then less $10 per barrel.
Again I would ask what benefit is it to Cerp?

Hi Hertstrader
The CO2 project might be good for PRD.
What are your thoughts on what good is it for Cerp?
If you have read my posts recently you most know I don't think it is especially at these low prices
The only benefit to Cerp would be a sell but not sure where they going to get $4.2m from.
I see LLL trying to discredit this but he can't tell me that the lenders didn't know of this clause, another pointless post from him
ATB:))

Hi Chesh
As far as I know he is, sent me a line the other day so must be ok.

Hi Tom
I've seen that the professor is probably right , test everybody every week and isolate those positive results and their contacts. Sounds like what S Korea trying to do.
I don't know where all the tests are going to come from though, Ncyt :))

LLL has a real bitterness for this company, probably got the sack by NR for being negative.
If you look at his posting history 41 out of 42 posts are negative posts on Cerp in the last month

I'm not surprised by this new extension with all that's going on lately.
I would have thought Heritage would be having trouble negotiating with the government to finalise any deal.
If they change the IPSC terms for Cerp then all the others will need to be looked at.
Agree with LGO that the Bod are light years from shareholders they're lucky they have any left.
Very poor at communicating anything

I just read in the Times that Schroders have sent a letter of support to all the Ftse 350 companies but warned against issuing new shares before cancelling dividends, bonus and executive salaries.
The Government have relaxed the rules on companies raising cash from share issues and don't have to offer them to existing holders.
That seems a bit one sided and fair play to Schroders for doing what the government should have done

Hi max
Getting out of Barclays was a nightmare for me and one stock went under in the process still charging me account fee for that 2.5 years later. If I did it now in hindsight I would sell everything and just transfer the cash and take a hit with the fees.
Very optimistic with this sp holding my account up at the moment.
Good luck all for next week