Member Info for dai2belts

@Daven66, the BOD are still debating on putting some real skin in the game, so the lower goes the less it will cost them ;)

@gogs, the company have painted a picture of a remote place, far from anywhere, saying how rigs get stranded, nothing is local... But they managed to deliver 17 truck loads of gear in a weekend, 1600km.. Well actually it all happened Monday morning, once the work force were picked out from the villages, and taught to drive

@Gogs, More like +14p,

https://invst.ly/12pjzz

Get that funding and delay drilling until after the rains, could happen again, especially if Noble are ahead with a good flow test

@Gogs,, they said the rig had gone to A site, could be the site of an expensive workshop, maybe Epiroc Tanz..

They made it sound like a field repair, so just not drawing anymore attention to cost overruns

Or depending on the funding options, could be the job needs to be stamped by the experts if its conditional,

Was it Jan 2022 , the price almost doubled while nothing much was happening... 6/7p-14/15p

Sure could step up 1p-2p,

Obviously still does'nt see any relationship between comms and the share price...

And that rig saving money, sure has for the city boys, some cheap shares coming up with a discount to boot , she has got that relationship spot on lol

@Roger, trouble is the delivery note..

Helium One

A site

Rukwa

Tanz

Their PR is fine, Lorna said so,

14th Dec...

The Company is pleased to announce that the replacement iron rough neck is now in Tanzania, having cleared customs, and is due to arrive at the Itumbula well site today, ahead of immediate installation. Once installed, the full rig up process will commence and the Itumbula well is anticipated to spud in January 2024.

Good point funding might be on condition of the rig being A1..

I have a feeling its related to the funder, as its an unsolicited approach they may be offering a facility rather than saying if you do a placing count us in... To me that suggests a CLN, probably in tranches, maybe T1 drill Itumbula and electronic logs, T2 flow test depending on results or Tai-3..

A bit of dastardly trading, loan the shares from Horults 212 account, sell them off, buy them back low, ... Put that profit towards the funding or part of, reducing their risks.. if nothing is agreed they have a profit for their efforts, and probably some inside info through the discussions.. They could even pump the price before returning the loaned shares if the opportunity appears.... all that is legal and independent of He1.. Also funder dragging out the talks will give maximum amount of shares on 1st tranche too.. The longer this takes the more traders will be watching that oversold signal and preparing to buy..helps support a pump

@No1, sure the QED BB is full of LTH that work the share, as soon as 3p was achieved and it started to drop back, even though the news was still due they highlighted the funding, giving details so everybody knew it was due sooner than the cash run out date... So if the news comes, and its worth that 3p it reached on initial anticipation, there is 50% to gain

@No1, always think your being sarcastic saying that...;)

One time I spent hours reading all the stuff He1 pushed out, and I have poor memory so needed to keep going over stuff, now I dont bother so much...

Its about timing now, like when you bought into QED and doubled your money in days while I broke even.. Since then it dropped to 0.8, and broke 3p..

Thanks again, Quite extravagant overheads , considering they have limited resources, and have only drilled one licence in 3 years , 2022 at least a $866k payment of $1.6m in licence fees, at least they relinquished some for 2023

There is no legal obligation to pay these licence fees, but it is a condition of retaining the licences... Sounds

Https://planetradio.co.uk/absolute-80s/player/

Nope, that was the 70s lol

That spread takes a nice junk out trading gains, especially small gains

Good music is good music no matter which year..

He did some good stuff....

@Hasiba, that makes some sense, locks in the buyers too, puts others off

Trades on the chart suggests its about 6%

I thought the report on the companies web site was the full audited report ?