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GRH - Yes, of course a whiff by comparison to low estimate. I do have to check my spreadsheet every time I do this - it's just ridiculous!
Here's another thought... Is the 'nominal' c.36 BCF "commercial" in the sense that this is the breakpoint of a potential quick disposal of all Moroccan assets without evaluating MOU-4 and the rest of the licence area? A Freudian slip perhaps?
Not long to go now
ATB everyone
Thanks MrMM
It’s an interesting chart forming. To add a complementary view to the tealeaf reading if I may:
We are currently in a rising wedge that converges on the 14th August ~5.25. This also intersects with a long term resistance line (17/09/18, 23/01/19, 02/09/19, 16/12/19, 24/01/20). Crazy!
By interpolating the daily close between now and then (few scenarios run), we should see the golden cross occur somewhere between 3rd and 14th August. Even Crazier!
Another thing I will often do is chart the mcap where there has been dilution. 5.25 will also represent a mcap of ~£12.6m. The previous mcap high was in March ’19 at ~£13m (closed at £12.3m) but with much fewer shares in issue. Super Crazy! Golden cross on mcap occurred a few weeks ago!
The expected news on T&T should be around then. Ran out of ‘Crazy’ expressions! Throw in Morocco and who knows what the team has up their sleeves for Ireland. It’s shaping up to be a very exciting early August – but quite possibly a breakout before. It’s a bit like the 50 year storm from Breakpoint (original version)
GLA DYOR
Here are some intersting starting points. I'll do a bit more research over the weekend if I get a chance.
https://www.ervia.ie/who-we-are/carbon-capture-storage/carbon-storage/
https://www.carbonbrief.org/around-the-world-in-22-carbon-capture-projects
http://www.ccsassociation.org/what-is-ccs/storage/
An interesting read when you get 5 mins...
https://issuu.com/agendani/docs/energy_ireland_yearbook_2020_8830756b2bf0bd
A bit more info...
https://assets.gov.ie/75183/67036e95-c89c-43a2-9d7f-96d2d56cf652.pdf
Name THESEUS LIMITED
Number 127525C
Registry Type 1931 Act Company
Company Type Private Ltd by Shares
Registered Office Address P O BOX 95, 2A LORD STREET, DOUGLAS, IM99 1HP, Isle of Man
Date of Incorporation 19 Nov 2012
Presence of Charges No
Is in Liquidation? No
Receiver(s) Appointed? No
Status Live
How frustrating. I think this will now drift down to 0.010 - 0.015 through Q1 in the absence of any other meaningful news and at the end, another round of placings for £1m to do some more work and keep the BOD gainfully employed = another 10bn shares + 5bn in warrants = nearly 50% dilution = my little bit of EUZ gets littler and littler.
The only thing that will stop the freefall will be a whiff of a sale or some confidence restored by changing of the guard. GLA
What's really interesting Shed, is when you overlay the indicated area over the older block model (as used in the scoping study Dec '18), is the amount of NEW pink >=10% at lower depths. Higher grades at lower depths can only mean one thing for the economics!
I thought the distinction of “ Europa Metals Iberia SL” mentioned a couple of times interesting. Will we begin to see this more frequently now as subliminal messaging that this company (and toral) is the bit that is for sale?