Thanks Manwell, I really do appreciate your knowledge here. I was not invested during the previous drill. I too hope for an indication of some kind before the final 'result' as this will stop those who would wish to manipulate the market playing their game. As Genghis said we are due news from Romania so we might have more than one red dot!
Genghis, IMIC-2 is a bit overdue. Must spud soon you would think. whether ADX are preoccupied with IMIC-1 or other matters i do not know. One would expect something soon. Gas flow from IMIC-1 would be nice....
Is this what you mean Persi ? - Liquids: 146.4 million barrels ("mmbbl") of oil initially in-place ("OIIP");
- Gas: 211.5 bcf of gas initially in-place ("GIIP")
not including: These volumes do not include prospective resources in the Cadeby formation, from which the West Newton A-1 well recovered oil saturated core and the WNA-2 well encountered oil shows. The Cadeby is expected to have better reservoir development at the WNB-1 location.
In some ways the A2 EWT is as important as the B1 drill. No EWT has yet been carried out. But the initial performance was enough to raise £24 million
I'm not sure that would class a B1 'failure' as S or B as you so eloquently put it.
Anyway, I'm sure you have been happily loading up on the cheap as you like a punt. You're just a great big punt really aren't you?
Manwell, I think that the situation with the previous seller has led us into this price range in the VERY pre-news window.
Those that are in are already in, if you see what I mean, including those bigger holders. So there is nothing to push the price up, whereas any nervous sellers, aided by any opportunists like the other poster on this thread can tease the price down.
Hence you get this dribble off before news. With the geological information Rathlin has and the 2.5 Km to the A2 site, we should be good for a repeat of the previous drill. Then people will be scrabbling to get in but the MM's will have hiked it up.
Just an obvious post to note the modest but very frustrating SP decline over the past week. I just have this strong feeling it is being tweaked a bit. If you had held all this time as a PI, it's a very odd time to sell but i guess you could be forgiven for being nervous as we await the big news.
Those that would work this down would know this of course.
I would also have hope for much stronger buying pre-news, and that may yet come, but it seems most have what they have here and are done buying.
We will soon find out what the state of play is, that at least is certain. i am still of the opinion the team at Rathlin know what they are doing and a gas hit is as likely as these things can be... at a minimum.
To be honest, now I just want to freakin' know !!!!!!!
RE: Interest in Mali lithium belt23 Oct 2020 11:47
daz, I can only assume from your frequent, and of course given the history, justified posts of caution that you are currently not holding shares?
It would seem odd to do so given your...errr 'very realistic' sentiment around the whole Kodal asset.
I have been a shareholder in the past and have experienced the slow pace and loss of traction of the share and then, having sold, witnessed the SIGNIFICANT dilution. Not great.
However, I think the Chinese will assist in bringing this into production. Part, a tiny part, of their overall strategy all through the developing world, but especially in Africa. They are playing a long game and playing it well. Kodal will get something from it and will be able to move on with their gold assets. What they get is an unknowable at this time, but given the demand for Li, I think this is worth holding. The pace has been very, very slow but we appear to be witnessing the final stages into ML and mine buiid.
Only time will tell however. But I think this Li will be mined.
“One can argue about both the pace and scale of the energy transition but the criticality of metals to its realisation is without question, says Julian Kettle, Wood Mackenzie’s Vice Chairman of Metals and Mining. “Put simply, the energy transition starts and ends with metals. If you want to generate, transmit or store low/no-carbon energy you need aluminium, cobalt, copper, nickel and lithium.”
RE: Interest in Mali lithium belt23 Oct 2020 06:57
yup, in the coming months some big players are going to move to fix in their Li supply for the decade. If they are going to invest in big factories in Europe and elsewhere, they will need to know where their supply is coming from.
If you have been drilling in the heat and dust the last 5 years you can now play a harder ball game with your asset. Country governments will want a good cut and so they should being that all these places in WA need lots of investment.
It's deal making time. I think it is fairly clear where Kodal is going and I hope all shareholders make a good return from here.
I think it's pretty standard stuff baserite. It will take a few weeks for any drill results to materialise and many here are sitting on big gains. It can be tempting.... and clearly has been. It really depends on your investment philosophy.
I do believe they will find lots of gold at Eclipse. ! also am in no doubt they will need more cash to get to it. So there is going to be a battle between drilling results and placing needs as is so common.
If however, you are invested for further down the track then you will not be worried about this. If you then think that in say 12 months you could have gold coming and a positive Georgian outcome... what price then?? ( I'll leave Munni Munni out of it)
Hi Genghis, I get what you mean... but I meant they 'knew' in the sense that if they got it right they would be laughing and if it was not good then the consequences would be serious.
So what I mean is that they entered into this process in the knowledge that it was and is a massive deal for RBD and so they must have been very, very, very positive about the evidence from the A2 drill to commit this much.
But I do know we won't know until we know.... and who knows when that will be? Nobody.