Member Info for dai2belts

@Skittish, The overlapping areas, their licences will probably be for different rights..

So if TPDC discover helium, especially without hydrocarbons then they would have to forfeit their claim as it could be He1 have the rights.. I wonder if this agreement would result in TPDC being able to develop a helium resource and He1 getting royalties, at no cost..

@Wasendo, you can get merry watching your game ;)

I forgot all about the drill bit, talk of reamers, and seeing those spirals made me think they were the cutting edges...

Kept me entertained though :)

@Anelka69, looking at the diagram Blubay posted could they step down from the 13 3/8 casing to the 8.5" hole, missing out the 12" section ?

https://wiki.aapg.org/images/f/f1/M91Ch2FG6.JPG

This was interesting

https://terrarocdrilling.com/up-hole-velocity-and-why-it-matters-to-you/

@Anelka69, Ta,

seeing those spirals had me thinking along the lines of metal and wood drilling bits...I knew I was confusing something, as the joint ends were wider lol

If England win their next game , and I hope they do as I want that Cup in the Great Britain ;)

Then they will be all black, and blue after that clash...

@Swissy, its not easy without hindsight...

If the price gaps up, maybe its worth chancing the spike and selling, buying back the dip..

Trouble is you cant predict the herd...

High volumes will mask both buys and sells on the charts, the price being the indicator, and fast changing spreads suddenly widening nearing a change or pause in momentum.. if they unexpectedly turn tight they can go either way, I guess it depends if its a changing Ask or Bid thats closing the gap..

Probably worth having 3 charts on the screen 1day, 5 min, and 1 min..

1 day, green and no wick its going up, once a wick starts forming its easing back.

5 min, overall trend, angle/slope speed if in coming trades, watch that volume closely, its the trading activity, can stall

1 min, more chance distinguishing buy from sells, especially with a wide spread, its flakey

1 min stalls, refresh wipes out the volume candles until they reform new, if they do..also falls behind,

Bookies from now on ;)

@Swissy.. Lets discuss some tactics, based on being in, but start with a success case...then come back to TD..

We might see some delay , because whole core logs would be worth collecting to measure rock porosity and permeability , the porosity giving clues to how much gas those rocks are holding.. unless they take side wall samples, or intended to rely on electronic logs.. but we have no idea of that plan, and they may have collecting cores all along...

So if a discovery is announced, we wont know its commercial until flow tested, but they will have a good idea on its size from all the data, and its value....

There is a broker note out mentioning 19p & 56p for Tai, not sure whats behind that pricing, and this year He1 have not made it available unlike phase 1. BB lacked focus on those prices, so no price target..drowned out I guess, terrible BB this year, toxic for quite a while.

Will there be a publicly available brokers note and valuation after a discovery..?

Tai will de-risk Itumbula, with the prospect of a 2nd discovery I would expect a good rise, at least initially,, as then any significant increase in peoples profits will be put at risk going into the next drill...Last to de-risk getting the lowest prices, unless FOMO rules, helped by Noble discoveries..

If we have a valuation then it will give people their target price..nice if its that 56p lol..

Then after Itumbula, I assume there is going be a wait until next drilling season and a raise hopefully sold on flow testing two wells..

So plan...play it by ear lol...

You start...

And maybe should look at price and not what was paid, so looking at what the current price offers, rather than what was paid 6 months ago.. stops you chasing them losses...or losing them gains..

If its a good blip, but your still down, its a high and those in profit will be selling, and your recoup disappearing..

If you paid £5k for shares, now worth £2.5k, you can still de-risk by taking some off the table, preventing heavier losses, rather than shte or bust....especially on drill results

https://www.youtube.com/watch?v=7hx4gdlfamo

Was thinking we should discuss tactics...more often..

Hindsight, intending to be in for results..

Twice now, He1 has hit near 4p...

So after the rig failure, practically 4p to buy.. with a 2nd drill to come a duster is likely 40-60% drop before recovering some, so from current price(near placing 6p) 3p, and maybe recovering to +4p..

So to be in for results, at the lowest risk, then 4p was a fantastic opportunity...

Buy double, 100k at 4p, sell half at 6p... £4000 becomes £6000, put £3000 back in the pot , leaving 50,000 shares on the table, risk £1k..

Now £1k is on the table for results, and you have £3k to trade any dips to further reduce that risk, and/or to play the bounce if a duster occurs..or what ever....

If it drops below 3p and you buy 100k, and recovers to 4p, then that £3k becomes £4k, your initial investment..

Option to leave 50,000 shares on the table or take £2k profit...

all easier said than done, but the gurus would have done better, as it went 4p to +5p, then 2nd chance 4.5p to +6p, and dip 6p-5.5p....

But 4p was the time to get in, rather than being tempted just before TD..

If a duster, is it time again ?

If successful, what price for entry, will it drift down ?

@Wasendo, just been reading your post again, checking out pipe specs "Nominal"

"It's always very hard to tell the diameter of drilling tubulars from photographs, but to my eye they look like they're 8" nominal diameter, in which case they would have been used for the upper sections and not the 8 1/2" hole they said they would be drilling to TD."

Being about 8" somebody with my knowledge would think thats fine for an 8.5" hole, and too small a larger bore above the 8.5" section.. obviously I am wrong..but using the chart below, to drill a hole to fit a wooden dowel just would not work ..

Can you add some more, if you have time.. along the lines of how a drill pipe is able to produce a larger hole, as the table is showing a 4.5" pipe can produce almost twice the size..

Website with table does'nt allow me to see the articles..

UHV Up Hole Velocity

CFM Flow rate

https://www.thedriller.com/ext/resources/Issues2/2018/08-August/SS_024_0818ND_pic3_nd-guest-king-CHARTt.jpg?1532719186

https://i0.wp.com/www.allaboutpiping.com/wp-content/uploads/2021/07/NPS-vs-NPB-vs-DN.jpg

Thats likely a buy, Brave or knowing ?

20-Oct-23 16:30:49 5.50 625,000 Unknown* 5.40 5.50 34.38k

Watching the trades,

Anybody noticed all week, after hours the 100k trade, its not big, but everyday thats unusual..

After that Friday rig update, anything negative or neutral , could start a buying frenzy

Tooooo late now... I believe Dirty Dave, the rig turned up eventually, and they stuck with his Tai after he left... and he said it would be the discovery year.....just not 2, lol

88e, Flow testing Q1/Jan Funded, entry to reduce risk, 0.325-0.35p... follow on drill likely winter 2025

IAG, Currently being pulled down by current climate, super tight spread, tiny duty, catch the low :)

CHF £0.657m MC 130.33m shares in issue. Free Float 84.30m -> Maybe UAE buyer purchasing polymetals shareholding..

CMRS £1.83m MC 50.53m shares in issue. Free Float 12.16m ->

DELT £22.58m MC 93.10m shares in issue. Free Float 64m -> 2024 Drilling Selene carried by Shell

GRC £6.47m MC 107.83m shares in issue. Free Float 46.97m ->

KAV £5.29m MC 845.57m shares in issue. Free Float 418.06m ->

LBE £10m MC 57m shares in issue. Free Float 37.5m -> $100m RBL through JV,.......19/10 £7.4m, 16p ..recently 34p

MAFL £3.53m MC 37.11m shares in issue. Free Float 20.31m Ave Vol 132k ->

SRB £21m MC 76m shares in issue. Free Float 36m -> Profit after tax 4,979,891, cash in bank doubled to US$13.3 million

Bear Trap

DELT, long down trend, rose from low of 22p, to 41p on Resource Upgrade, now 23p

Free Funding,

Zphr. Suggests insurance will cover re-drill, ??/. 5-7p historically now 3p

IAG is'nt doing well with rising oil prices, and Gaza, when things change providing the company itself is good it should give a fair return.. very low spanish stamp duty, and tight spread too..

CNE, Returning cash to shareholders, a reduction in issued shares, an on going buy back and a 'falling share price.".

A nicely worked fall before special divi increasing return on owned shares, followed by a nicely timed rise above inflection point(buyback, and 3 for 2 cons) to create a higher share price post consolidation.. And now trading back near initial fall ...

Activist investors on the board, and II with significant holdings, actively managing their share count... Mmmmmmm

Giant drill bits, I guess they also assist clearing away the cuttings just like those used in hand held drills

Well Skippy lets hope you regret that lol..