Member Info for D220

You could argue it either way. If they are in negotiation over a farm out, the farminee (assuming it is only one!) would presumably want exlusivity and if it is a Major (Rio?), would probably (IMO) get it. From Kav's perspective, you would think the wider the results are known, the more competition for what could be a stonking find. I guess KAV would start with exclusivity and then if they didnt like the numbers being offered, could always then "go public". But I'm no expert!

My 3 buys this morning pushed up from 4.1p to 4.12p to 4.15p.
2m shares now and happy to sit back and watch things unfold over the next few weeks.

I have to say (holding 1.5m and been in for years) that I am slightly concerned as to why the company felt the need to let us know that the casing would be delivered later than expected, but they haven't seen fit to let us know that it has arrived. Maybe it HASN'T arrived? Which would delay drilling....? Come on guys, either keep us in the loop or dont say anything!

Sadly I wasn't able to take advantage of the crazy drop this morning to buy more! The more news this company puts out, the more convinced I am that this will be a monster. I am seriously considering switching out of some of my other holdings into this tomorrow...
There is deal coming to get Ditau drilled, just a question of how soon IMO.

Almostall buys today and moving up on vitually every one...Tightly held for results?

Makus, I just dont get why The Market is not seeing what you and I can see!

Just over one percent of the company. That will do me now...

I'm going to have to stop "topping up" or this will be most of my pf! Another 2 tranches of around £5k each. Had to pay 3.78p for the second one....

Silmilar to Slubby, I started buying over a year ago at over 4p and have continued buying all the way down to 1.8p. My average is now around 3p. I would expect that when finance is in place, this would be over 12p and as a takeover target, I would be looking for 20p+.
Of course, I would be very happy to be surprised to the upside of that!

I am really surprsied this didn't go up strongly today. IMO, the ONLY reason for the new licence (and the timing of it) must be because the drill results were SO promising that they wanted to lock down the whole area. I suspect we will hear the drill results at the same time they announce a farm out or JV on Ditau. And I expect that to be very soon, possibly this week.,,

westie, this is definitely one of the better boards! However, it is inevitable that as we re-rate to some thing closer to fair value, the herd will arrive with all the nonesense that entails. Enjoy the quiet civility whjile it lasts!

1m buy at 2.44p at 15.59.....Someone had a tip that news is coming, or just confident?

Wow, cant remember the last time I saw HZM in auction....!

Certainly looking strong today - and about time time!
themuir01 - sorry you can't have mine at anywhere near this level!

Agreed sasa, and I have just had another £4.8k at 113p, thanks very much!

And now share options for EDs! Something brewing?

Just been tempted with "final" £5k worth at 3.64p. Ready for news now, thank you KAV!

Hope you're right Tony. I have been buying "cheeky to-ups" for the last couple of weeks in anticipation! Next week, surely?

tapemeasure, nice balanced post. Hopefully the "sheep" have been shaken out leaving those who can see the potential here. Nothing wrong with de-risking on a spike but the gains that could be had here are very significant imo, even if just from the anticipation. The RNS yesterday changes nothing as I see it and tbh, I am not even sure why they were obliged to make the announcement. Are we going to get a blow by blow account of the work in preparation for the field test?
Whatever, a steady rise form here to double figures by month end would be pleasant!

As per Bountyhunter post on advfn:
"Makes you wonder why they need an additional broker all of a sudden?
This is how Stifel advertise themselves:
"From raising capital to structuring mergers and acquisitions, and beyond, Stifel helps companies, organizations, and municipalities navigate complex financial issues."
Capital has just been raised so it's the "mergers and acquisitions" bit that strikes me."