Member Info for CrustyPete

"starting in August 2026, the company expects to start receiving ships that will carry equipment for the project, ..........various equipment that will be used in gas extraction in the Nanguruwe area."

Starting in August? Just pipework, production equipment etc or does that "equipment" include a drilling rig?

BLN!! Doh...

Well we know that BLM love a press release!! So yes, they know how to keep the pot boiling, PR and continued banging of the drum is far more in vogue for small cap US explorers (and producers) than it is over here, so yes I fully expect more news from Galactica over the next two weeks. The more the merrier.

Already seen a dozen or so trades here today but none showing here, nor even an intraday chart.... more issues with LSE today?

It is also true to say that over an extended period it is likely that many have taken the opportunity to add when the sp is low and top slice when it has seen a spike; so I will be amazed if there are a huge number of LTH's that have not taken some profits over that period.

It also effectively prevents the spread betters from opening a position and closes any open ones; as the spread betters operate outside the "official spread". Any spread better opening would have to buy at 1.86+p and sell at 1.59-p... and operating a margined account would mean that any open shorts would likely as not have to put in more margin as the bid price has fallen by 10bps.

Drilling a "reinjection well"? If it has to be anywhere nearly as deep as the production well that wont be cheap.... how many of those will we need? If we are looking at 40+ appraisal and production wells I seriously hope we don't need another 40+ "reinjection wells...? ;0)

Well EE the sp was double todays price (24 -25p) at precisely 3 years ago and look at the progress the Company has made in our various trials since. Yes, it is true to say that the BoD haven't yet converted that into lsd, but even so, how did we make 25p in January 2023 and yet only 12p today - it makes no sense.

Let's hope that you are right yet again EE.... strapped in and looking forward to the ride.

Good luck all.

Okay McNol, I understand your explanation - thank you.

No McNol I am not suggesting that at all - simply the fact that they are brought to the surface together.

Sorry "If the gaits below" should read "if the gas sits below"...... Doh!

But McNol we are told that the Helium is contained within the water and the two are pumped to the service where they are then separated - your explanation below suggests that the Helium sits below the water and by removing it can be brought to the surface as gas. But nothing we have so far been told would point to this. Moreover it is the water that is the carrier of the gas and the water that flows into the area being drilled, so will any measure of pumping ever be able to actually remove it? If the gaits below the water why not simply drill to below the water to access the underlying gas?

Maybe in the peculiar and particular scenario at Rukwa it is the ESP that is simply pumping more water to the surface, more quickly, thereby increasing the "flow" of gas to the surface.

Moonparty, the MM's may be more than happy to go short if they know they can get their hands on another 3 million shares anytime soon....

Agreed Piscator and yet with all those buys the sp has plateaued - the MM's sitting on it, or maybe they have an overhang of Institutional shares that they could topple into the market at any moment...?

Who knows and, frankly, who much cares?! It's the big news that we are all waiting for and that, surely, is only a question of when and not if....

MM's suppressing it? UT for 1000 shares....?! Though to be fair to them, quite a few sells at these elevated levels even if some of those reported sells are (definitely) buys.

Easy to sell up to 10 million and maybe more - 10 million is the most I have in any one account, Can anyone test higher quantities?

Interesting info relevant to FDA approvals:

https://www.linkedin.com/feed/update/urn:li:activity:7415014513911173121/

10.30 - 11.00p. The best price for a while. Let's hope this isn't another false dawn.

I would fully agree EE, there is nothing to suggest that the selling will continue ad infinitum but, then again nor that it will end anytime soon. I am now pretty much fully loaded anyway, having intermittently topped up whenever there has been any price weakness, and may well do so again if continued selling creates an opportunity. In any event I am very comfortable with my holding and, whether that selling stops sooner or later is of little consequence; I am not at all worried - it is, after all only a question of time and at the end of the day it is a partnership, funding or takeover that will ultimately put a rocket up the share price and that will happen irrespective of whatever the sellers are doing.