Member Info for dai2belts

$4m per £1.2m well

That explains them touting $4m per £1.2m, wanting to creating mates volume...

I remember Tai blip, drilling a 2nd well based on tai-1 findings and the unfortunate wash out..., RNS stating their intention to tests 1 of the discoveries, so leaving it open to interpretation.. the exciting bubbly bubbles moment was 560m deep, wash out at TD and the shallow lake bed discovery they had previously said they could perforate that zone to test if needed...

Yet they only drilled 70m and called it a day.....They knew well that was their intention..

The last very big, interesting it was at 2.65p, and the previous roll over(if it is) was at 2.60p...

I wonder if the £65K has inside info, or just betting on the news next week.. With Christmas Day being a Wednesday I suspect many will start their break a week tomorrow, so news should be any day or maybe not....

If they have $5.2m due, plus. $1.3m in the bank, plus H2 profits would they need to raise if the investor contributes $7m, ..Then again why the need for an investor with so much cash due ????

They have had a full year, so if the current guys in talks are not interested that doesn't bod well

Dec 3rd, Jamaica Farm Out Update

The Company "was" engaged in discussions with selected parties, but those discussions have been suspended until the new year. We also continue to explore potential interest from other parties, but we don't expect those discussions to progress further until the new year either.

Was ?

Rather than....

Current discussions have been suspended until after new year

or if ongoing why say anything ?

Volume Spike 5th, Https://invst.ly/17zt43

05-Dec-24 12:01:33 2.60005 7,156,947 Unknown* 2.60 2.80 186.08k O

05-Dec-24 12:01:24 2.60 7,156,947 Unknown* 2.60 2.80 186.08k O

without spike, I wonder if the large buyers today could see the 2.45m order on L2 ?

https://invst.ly/17zt7l

Https://invst.ly/17zt43

You could buy end of day yesterday for 2.44, near end of play today somebody paid 2.7p.. but I don't know if the 2.635p was a sell or not...

Unusual price movement this morning, if you look at the trades in red from 8am, assume 2.3s are sells and all 2.4s buys then the price to buy is reducing then it suddenly takes off . but it could be you could buy and sell at near 2.4, I couldn't check that.

Mmmmm while looking at the trades to see if there are any clues to the unusual pricing a 2.45m candle @ 2.65p has just appeared after hours ???

Has the MM been loading up on cheap shares since yesterday to fill a 2.45m, as all afternoon its been buying, RNS tomorrow then or a ploy to create FOMO , rotters

12-Dec-24 17:07:34 2.65 2,450,000 Unknown* 2.50 2.80 64.93k O

The displayed Ask was increased while buying continued in the same range pushing all trades below the mid-price, so all marked as a sell until a trade moves above the mid..

88e the spread is often set so all trades are marked as either a sell or buy, so you have to judge trades by the prices going through.. makes a mockery of the buy/sell algorithm

Looks like there is a rush to buy or some are moving profits from Hex, and the MM is ticking it up,

1st thing Ask was increased to 2.6 while buying remained low 2.4, so it looked all selling, then in came a handful of big buys..

Large buyers are paying 2.7 now when the risks are the same, and 2.5 has been available on a number of occasions ?

https://invst.ly/17zoxf

Odd that they trade again under same ticker, yet RNS suggest the name is still to change.. suggests it should have continued trading until so...??

@PortfolioPower, 5x wells will give $20m revenue current MC is £23m.... PE 0,, any thoughts?

5 wells, at a cost of ~$6m, not sure about production facilities, ...

I bet DM did write that, first thing that hits you is $4m per well, and many wells... straight to the point.. he is also a master highly positive obfuscation

Great to see a commercial discovery :)

but seeing it reached 29p, and it is only 19p I guess DM announced the results and everybody thinks its another off-taker line

Same position..

Apparently, at the moment they are being being traded in the UK as Depositary Interests (DI) ..

— Depositary interests are created to enable foreign securities to be bought and sold on the UK market and settled within the CREST system.

NFM(DI)

That mine, two 13000 ft shafts , at the time cost $600m, probably at least $1.2bn to do now..

Today it takes two hours to reach the gold, 15km away from the shafts, so 4 hours a day travelling there and back... crazy stuff

Thats coincidence, bumping a link and for the raise to be announced....

£0.7m is probably just to tick over...

August 2024 27th

United confirms that it has drilled no wells in the Walton Morant licence and therefore no commercial oil or gas discovery has been made. United holds a 100% working interest and is currently engaged in a farm-out process. United's 2024 work programme is focused on conducting piston core sampling, which aims to detect any oil residue before considering future exploration drilling targets.

Dec 3rd

Jamaica Farm Out Update

The Company was engaged in discussions with selected parties, but those discussions have been suspended until the new year. We also continue to explore potential interest from other parties, but we don't expect those discussions to progress further until the new year either.

Time is ticking.......

Two-year extension of the Jamaican Walton Morant Licence to 31 January 2026.

================

If piston core sampling was a commitment for 2024, then it looks like they missed it..

From the description of said sampling, unless oil is seeping from the sea bed, sounds like pulling the wool over our eyes...

========================

Success-case breakeven oil price of c. $25 per bbl*.

Seen articles that majors are looking for $25 breakeven prospects.......

=========================

Only two buyers got that price, less than 100k share between them, another 5 at 2.44p..

I was very tempted, but if that investor drops out, then the price will drop and I guess they will need to raise and I would not be surprised if both are announced together.. Then again maybe production funding will be needed to support the investors decision..

Another 750k sell tomorrow could seal sub 2.4p,

But first thing there was, on price a £23k buy, which did'nt move the price up or put off the sellers ???

I wonder when borrowing payments need to be made, and if/when Recyclus will pay back their loan.

All to complicated for me, seems a deep web..

The Group's loss for the year was £6.6 million (2023: £4.3 million (restated)), of which administrative charges were £2.4 million

During the year, the Company lent a further £1.9 million to Recyclus Group Limited..

In the period, the Company raised £4.4 million from the issue of convertible bonds and loan notes

Cash at year end was £0.015 million

Admin + loan to Recyclus=£4.3m = £4.4m borrowed ?

The total loan to Recyclus was £8.8 million at year end including accrued interest and management charges.

@lootgaloot, did Halifax say when they would make CCZ available to trade ?