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I can understand their putting wheels in motion to foreshorten the time to market for production but, actually, we have seen nothing yet in terms of confirmation yet that there is any viability of that production.... and they would hardly be looking into the usage of a low rate production facility if there was the meaningful prospect of high rate production. So what does that say about their expectations for flow rates?
Indeed Blubay, just as the Company and LB individually have informed us in both RNS' and in interviews. Do people just not believe them?
The biggest disappointment for me in the RNS was no mention whatsoever of the Basin Modelling or new resource estimates. Add that to the reference of a "LOW RATE pilot plant" and I begin to question whether the outlook for Itumbula is as favourable as we shareholders might have been wishing for. Commercial maybe as they are talking about production but is it material?
It will be interesting to see if the interviewer asks questions on these later in the day.
"relatively quickly"? Well I suppose 5 years and counting is still relatively quickly - in Tanzania anyway.
Djwalls - I have been in a Tanzanian Mining share for 14 years and believe me, wheels turn slowly in Tanzania when anything to do with mining and energy are concerned; 7 years and counting since the last drill and still awaiting a development license.
I agree with you Cupacoffee; I tried selling half of my holding on the bell this morning but couldn't get my limit price - look stuck here for a good while now. Ho hum.
Hope to see you at some point in the future.
Well there is some consolation Jamesp21. Discodog has promised "If this doesn't bounce today, then I will quit trading forever."
Discodog - you say "Let this go"...
They are DD, the MM's have let this go - down to 1.35p.
Seems your over-confidence was misplaced?
No, you are right in that regard Chesh - my post was as much in hope as expectation but I do think there will be a few buys into the close.
What bets for a run up into the close? I am expecting a 1.50+p close.
Now I would be the fist to say that the LSE's figures for Buys and Sells are grossly unreliable but even so, a 2:1 sell to buy ratio is as large a disparity as I remember seeing for He1 over the last 12 months or so - and in either direction.
Strange perhaps that Helix is based in the US and in a growing Helium industry where US Dollars would be very keen to invest in such a growth market but Minchin decides to list on AIM..... I wonder why?
Actually the bid has just fallen, not gone back up.... total utter nonsense - as ever.
Agreed Cupacoffee, just as we discussed earlier; didn't stick at 1.75p so traders reversed their play to a short. I top sliced a few earlier and have just covered them.
1.30 - 1.40p now FRED. Still think it's BLUE?
1.35 - 1.40p now FRED - is that what you meant by "BLUE"?
So what exactly did you mean with your post of BLUE then Fred? 1.40 - 1.45 now btw.
BLUE? Really? Now at 1.45 - 1.50p - that doesn't look very blue to me!
Can't get a price in either direction.
Same for me Cupacoffee - at least it is on II. Not sure about anywhere else....