Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I know, I am already fully committed as have everything riding on Ujo. Spike think the 3-4p could be achieved, yes maybe not of WN alone but got some great assets and potential to get us there
25-30% recoverable this could be higher seen we have a huge license and is this just for the one zone or is that to be added on top after wnb?
??
Can anyone else do the maths of what this could be worth based on 200mboe? More realistic
Cheers thebod, just a waiting game now and am sure they are doing everything they can to get this moving as soon as they can, few hurdles but finishing line still in sight. GLA
Good post Grey!!
Have to disagree, i thought he done a good job, it was a presentation and that's what he delivered, clear, positive and to the point. not a Q & A. i do think he let bits of information out like, wressle was already agreed and they have bits of data that they will announce when they are ready, not when they have them, which i took as they already know how good it is and just want to time it right for the market. Think DB & GB will intervene when the time is right.
The market has to realise this price is far to low for whats to come.
well am all in until the race is finished and all 3 have crossed the line.
Tymers what you dipping like coz it ain’t Ujo
DB said a 3rd well will cost them 1mil and they are funded for the next one. will depend on news on wressle and bisc. if the 3rd well is in Q2 or Q3 then wressle might be producing then and can raise funds by other methods, anyones guess.
Please listen to luckyman2 link!!! Thanks Lucky, they are fully funded for another drill and DB has said they might not even need to drill a 3rd well. if they do then they might do a placing, RBD have done a placing for 2 more wells but whos t say they need to drill another 2 wells. this could all be sold after the next well and then they have cash left over. DB also makes its clear they might not even need a 3rd well. no placing until we have drilled the next one. pleople need to drop this talk and just listen to the link.!!
Interview says it all!
https://www.brrmedia.co.uk/broadcasts/5d9dc70ff8cc7162f3b03c47/reabold-resources-placing-to-raise-24m
It is sorted and WN is a monster, if your in for Wn and the end game this is going to come good for us all. GLA
Can only mean good time ahead!
could ujo not be placing to increase holdings in WN
if there was problems then that is information that would needs to be RNS'ed, no RNS of that nature!! all the information from all sources indicate a major discovery. We are committed to 4 wells on the WN licence to prove up the asset and will spud Q1 and Q2! what is wrong with people, this is a monster and time will tell how large this is.
held us back a while now.
could easily 10 bag from here - even 20 bag if all goes well.
all i can say is we have a very exciting 12 month ahead of us. who is patient enough to wait?? i am