Member Info for CrustyPete

At face value that may be so but there are a significant number of trades that have not been assigned a BUY or SELL flag and even many of those that have are likely not to have been correctly assigned. Furthermore and, probably far more significant are those trades that we have not even seen yet, delayed trades or those being warehoused and dripped out into the market, which will only be reported once they have been completed.

Well they will be panicking even more now; 1.10p on the BID ;0)

Unfortunate but predictable, the market never likes uncertainty.

Exactly CP get the basin modelling and revised resource estimates concluded, determine and announce the forward work programme and then raise capital for execution. The "problem" being, methinks, that the first of those requirements is no slam dunk and will take time, maybe even relying upon the long awaited independent corroboration of the wire line data from Itumbula before final completion?

If they have nothing more to say before announcing the above, we could be looking at a lengthy period of silence. Unless, of course, we are about to lend out our drill for some short term revenue? Will it be enough to fund EWT? Nice idea but leaves me somewhat nervous; we could end up with another Tai3 operational disaster with considerable downtime and delay whilst we repair and replace key parts of the drill.

Yes, MrMoi it was but then one rational poster actually posted something worth replying to. Perhaps if some here can desist from the childish playground banter we can keep it like that?

Well strangely though the spread has moved from 1.20 - 1.25p to 1.15 -1.20p the actual price of the trades has changed only very marginally..... from marginally above 1.20 to marginally below.

Yep, though not surprised after this mornings SELL volumes.

From the looks of the early trading hat the 1.20p "floor" that we saw yesterday will be sorely tested this morning. It will be interesting to see what happens. Already on 1.20 -1.22. Can the MM's keep it there?

Sorry, clicked too early.

Meant to say, that we have been told no drill until after EWT and that is not planned until Q3.....

Now what about the possibility of their renting the drill (and a drill team) out? It may not be an He1 drill perhaps?

That further underlines the point.

Okay, thanks Wimbledon I did not see that.... But the 6 months caveat still applies.

At least the SCIR BoD have learnt the lesson - yes just as they are getting kicked out of the door and no longer give a 5h1t..... I wonder if they would have said the same if they were still creaming the shareholders?

But we don't even know who the advert is for? He1? Noble? ARA? And it is for a 6 month contract, so whilst the job may start in April, the drilling may not.

Exactly Roger, so it is impossible to come up with a definitive figure or a close comparator, so any suggestion as to what it may or may not cost is meaningless.

Moreover, as we have discussed, all the RNS's suggest that the current capital will run out at the end of the basin modelling and resource estimates; it is forecast to fund the future work programme and not the execution of it. So any cost of the EWT will need a raise unless it can be covered from pocket money. Recent RNS's suggest the BoD do not think that likely, otherwise, surely the message would be that current capital was foreseen to be not only sufficient to cover the planning and determination of the future work programme but also to cover the EWT - but they haven't....

Donni, I do not yet recall anyone here being in a position to provide any definitive evidence of what an EWT would actually cost. Perhaps you could provide it for us? Without any evidence making an assertion as the one below is fairly meaningless. Yes it may be less than actually drilling but how much less? Also do bear in mind that we actually have our own rig, so maybe, for He1, the costs of a drill (subject to disasters like Tai3) is less than elsewhere, whereas an EWT is the same as for the rest of the market.

I have been looking for this evidence myself but, to date, cannot find anything that could act as any reliable comparator.

Manipulation is always a possibility, particularly when the company's own NOMAD is also a market maker in the shares; it can control the liquidity in either direction by being on the BID or OFFER as required.

Maybe both RJ they must be towards the limit of issued shares but, in either event neither a consolidation nor a placing are by themselves or collectively necessarily bad news. Even if we need £10m from a raise that is less than a 25% dilution with current MC, even with a discount to 1.0p

And another wearing "budgie smugglers" too methinks....

I hope it is the placing - get the speculation out of the way and onwards to the EWT..... We could actually see some lift off in the sp if so - forward selling notwithstanding though. No matter what the company's prospects they will be looking for their 5 -10% turn, not holding here for the big prizes down the line.

16:13 200,000 share trade at 1.25p - above the offer for only £2500k bizarre those sized trades would normally go through for nowt!