Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well in this game here om AIM we have all sorts...
Traders/Investors....Bashers/Pumpers....etc etc...different ppl will have different strategies...some will sell for 10% profit others will wait for 50% 100%+ etc.....some stay few mins others few hrs....wks....mths...yrs...etc etc....we are all different...as long as we all win thats all that counts....
I just want to cast your minds back to...when we was drilling SCHB2 ...25 days were up...and no rns...then we started to get delay rns;s....many traded...shareprice was everywhere....hit low 0.06's went to 0..11 back and forth....there were many many nevous pi's rightly so.....those who held firm and were patient...are reaping the reawrds....those who traded and left after 10% 20%..or even 100%+ well done to them....i am one of those who have been averaging up...thats my choice..as i am a BELIEVER.....
Now the point that i want to make in this post is this....
On 16th of AUG reason for rise rns after market closed came about....stating in that rns....wireline logs were being carried out and TD had been hit on 13th AUG.....my question would be.....was this normal?....why did they not rns be4hand and state we had hit TD...on 14th 15th and 16th of AUG....some might have sold...thinking we will never HIT TD...as it had taken ages...and might have thought this drill was a FAILURE...and that we had to re-drill.....more importantly....they must have known of somekind of OIL SHOWS....which would have been +ve if rns'ed.....anyhow they didnt....thats in the past....we can not dwell on thats history.....i feel upcoming flow rates....will be good.....and as be4....Bod will not say anything until full results are known....meaning....even if we was to get good/excellent flow results from day 1 we would never know....until they tell us....and by the looks of it they wont.....i have seen companies in the past....giving rns's after small milestones were /are reached...this could have very positives impact on shareprice...as market is updated on regular basis...on flip side....bce Bod are not here to keep traders happy....they are just doing their job...and will announce when there is some concrete news to announce....albeit annoying...i think bod are being somewhat professional here..by keeping the drill news close to their chest...of-course you will get leaks here and there...like we have seen in the past....but that would not be done by the bod...just crew members on site i think...
already in DAY 23 since hitting TD...this 12 day testing has doubled.....hopefully double time = double test zones...
remember 25 day came to end on day 57 ......more than double....KEY thing was it was SUCCESS...
Hope FLOW TESTs taking x2 longer also = DOUBLE SUCCESS
Start of 2nd wk of sep =
Nxt MONDAY ...
By this NXT wk....we could be in PRODUCTION....producing anything from 200bopd to 1500bopd....hopefully reaching at bare minimum the mean figure of 600bopd....which i think we will without any issues/problems....anything above 600bopd will be a BIG BONUS.....
This is the link Crumbs put up...
https://www.linkedin.com/feed/update/urn:li:activity:7099286652853858304/
This is what peter said
"We are happy to announce that we have been successfully and safely drilling our well in Schwarzbach (South-Hesse) down to 2,255 meters MD and 1,713 meters vertical depth. The first measurements and tests have been executed and we proudly can announce that we have encountered good quality oil bearing reservoirs.
Further tests will be executed within the next days and completion of the well is planned to be finalized during the next two weeks. Accordingly production of crude oil is expected to start second week of September.
Thanks a lot to the whole Rhein Petroleum Team which has contributed to this success with great committment."
PLEASE note....that link states this was posted 2 wks ago....
So we are about to get FLOW RATES anytime....
More importantly read comment and reply ...below the post...
Cedric Mineau
1w
"Time to celebrate!" π π note emoji ( wink )
and
Peters reply...
"Thank you Cedric. Yes we will celebrate and enjoy the moment."
YES we will CELEBRTAE....
They know what they have....once work done...final results are in...we shall also get to know and CELEBRATE..
HAPPY DAYS!!!
Mm's are screwed...they dont know where to hide...with current BUYING pressure...if they ask for reason for rise...rns....all they will get is...FLOW RATES.....
Keep hold of your GOLDEN TICKETS folks....they will be worth lot more...when BLACK GOLD starts to talk
HAPPY DAYS!!!!
Be
Careful
Everyone
You have been warned.....the JOURNRY ahead will be difficult....we will have some bumps on the way....Final destination 1p onwards...calling at 0.25 1st stop.......0.30 2nd stop....0.40 3rd stop...0.5 4th stop....0.75 5th stop...then non-stop to and beyond 1p+....at each stop refreshments will be available as new passengers arrive whilst some old ones ( traders )...leave...
Always keep your seatbelts on....as we can accelerate at speeds of 150mph without warnings....
FINAL call for 0.20 entrants ....
Initial Flow rates should have been with us by now...never say never....still can pop up intra-day....
Delay in rns can be annoying as many seem to be playing the swings...in end i guess...we all know what we have...just matter of time be4 we know.....i guess on plus side....we can say....we are way undervalued ...so it gives us time to get to reasonable shareprice be4 flow rates news is dropped....would be happy with 0.25-0.30 be4 rns....
HAPPY 0.25+
Hope everyone that wanted got IN....
Monday could be BIG day for us...if that long awaited FLOW RATES arrive....if they dont come.....not to worry.....we will let some sell early in the morning for them to only pay PREMIUMS be4 close again...lol...