Member Info for Bridgedogg1

Presentation. From sept, no new info

The other way to counter YA is to pay it in cash and not shares

We might even start paying it down with cash instead of shares

BGI is one of many companies worldwide developing PCR-based test kits for 2019-nCov. The firm said it developed its kit by Jan. 14 and received National Medical Products Administration approval for it on Jan. 26. Earlier this month, BGI and several partners, including the Wuhan municipal government, opened an emergency testing laboratory there, designed to test 10,000 samples per day.

Last week, BGI said it had produced approximately 300,000 tests.

I get ya, thanks. Must be for well water storage?
Surprised this didn’t open up after the large sell on the close where there is usually a large buy. With Halliburton working over night I’m sure they will work the weekend if needed. Almost guaranteed a Monday RNS. I expect it will be to report that the fix has been completed.

One ounce, or roughly 30 grams/tonne is high-grade and can be expected to move markets in most cases. Several ounces of gold per tonne is considered to be high-grade for underground mining, although 5 grams gold/tonne is usually economically viable.

I thought the original planning includes storage for 5000bls?

Surprised by the lack of SP reaction to the current work onsite. Much of the shareholder goodwill has been decimated and nothing less than a quick fix and string flow rates will do now. GLA

Taking a fair bit of buying to move this up. Once the fix is confirmed expect some bigger money to move in here.

The gold is interesting<, I think the initial thoughts was to just get the waste dumps and pillars to a processing plant to generate some low cost cash flow. This is still the plan but I think the untapped potential within the mines has got them excited - visible gold is always good!

Detailed review of the sampling results confirmed viable 1.74g/t recoverable gold from a specific waste dump outside level 6, the specific waste dump is made up of 2,753 tonnes containing 4,785.39 grams of gold.

As previously reported, the Company has been in the process of identifying a processing plant that will take the waste and process it; negotiations with two plants, both in close proximity to the Gold Ridge Project area, have commenced and are being progressed. Our review suggests that the most economical approach to secure the highest possible return on the ore within the waste dump is to blend it with high grade ore from the pillars, as a result we have integrated this approach into our overall plans for the Gold Ridge Project and plan to process ore from the vein at level 6 and the waste dump outside level 6 at the same time.

So many peeps on here are always 'going to buy when it hits x'
What a boring waste of a comment.

The hard bit is done - hole is already drilled and the equipment is all on site and ready to go. Well head ready for dual flow to should all move along quite quickly now. Something to be positive about for a change! Certainly unlikely to stay at these levels for long.

Plug it up and flow the oil. GLA

TSAE
Its a wildcat drill which means very little change of success-other will disagree but that is a fact-has a COS been published?
There is no local infrastructure which means a large oil company will be required to build all the required infrastructure, that if oil is discovered, more exploration drills, appraisal drills and flow testing. That will take a good 4-5 years.
You need a large oil company that doesn't mind opening up a new oil frontier in the Bahamas regardless of opposition.
If you hit oil that's a good 5+ years down the line - further exploration, appraisal drilling, local politics, protests etc.
Best case scenario you hit oil and sell up, I'd say could make around £500m which is 20pps? Much more likely that no oil is found and the company goes bust, took about 10 years to get to first drill. Having said all that if you are going to take a high risk punt on a wildcat drill this is the one to go for but go in with eyes wide open.. GLA

Both of the last updates on the gold project and the oil option came through during market hours 3:50pm and 11am.
Its been over a month now and waiting on new due before the end of Feb - 7 working days or less!

63k must have been a sell :) but now its cleared downward pressure may have passed

Not surprised it has gone down this morning with the 2 day rise and ASX not keeping up. 1.41-1.43 level will be particularly tough and may have to wait on rig mobilisation news next week.

1.5 - 2p spud still looks good to me.

mEM the consortium of large companies have committed to the development so either LEK joins in or sells its share of the project. No middle ground here.

Hot money moving around, worth waiting here for a week or so imo at the very least. Could easily do 100% in one day when news drops

Some nice buys going through