Member Info for dai2belts

MM creaming it on the spread, making at least £200 per 1m trade

Sure I just got a quote below 0.54, but only had a small amount, and assumed price was dropping as they were moving the bid down, probably the MM loading up..

0.57 just gone through..

Longboat drilling Q3,

AEX ?

88e, testing Q4

PRD June, the MOU-4 ?

MM, widening the spread moving the Ask up, and Bid down, not seen that before on high volume

I bet they are pleased now :(

"Premier African Minerals Limited ("Premier" or the "Company"), is pleased to provide a further update on progress at Zulu Lithium and Tantalum Project ("Zulu")."

Are you attempting the bounce?

The trouble there is the company is repeating history, forever shifting deadlines.

First trial in years, and they trip at the starting line..

DELT, just consolidated, risky as its a penny share on a downtrend, with its main JV partners exiting the UK, and nobody is sure of the partners plans for DELTs North Sea prospects... 30p back to 1.5p is a risk

Looks like they are just giving us something to occupy our time while waiting.

Originally Tai was only Lake bed(uppper & lower) and Red Sandstone, no Karoo

The New to old CPR only 7.5Bcf difference(total Mixed Gases), on these levels..

The Karoo, roughly double those is a big increase.

Multiplying the Total Gas by 4.3% does give a big increase,

212Bcf, by 4.3% gives 9Bcf

Those seeps at 8-10% were recent too, around Itumbula

Here is the original CPR

https://www.helium-one.com/wp-content/uploads/2023/02/259989-Project-Apollo-CLN-reduced-memory-Final-13.11.20.pdf

@Keith, you could try lol

Mmmm, cant find the original CPR either

Tai was originally, P values, Unrisked, 0.6,1.7,5.5

I wonder how many misinterpreted the RNS resource update, I did ..

· The deterministic sum of the unrisked estimates of 2U1 net helium prospective resources in the report is 2.8 billion cubic feet ("Bcf") and the deterministic sum of the unrisked 2U1 >" total gas prospective resources is 212.2 Bcf"< across the combined intervals of the Lake Bed Fm, Nsungwe Fm, Karoo Sandstone and weathered Basement.

Thinking Tai has 2.8Bcf Helium and that the 212Bcf, was an increase of 61% of the Total Helium Gas Resources of all prospects, which originally given as 138Bcf is close at about 55% ..

That 212Bcf is the complete gas mix in the Tai resource, being almost all Nitrogen as we were told, to be vented to Air, of little value, probably worthless

Of the 212Bcf, just 2.8Bcf is of value..

Not sure why this is bullet pointed, as its no value Nitrogen(est. 7.1Bcf Helium)

· The deterministic sum of the unrisked 3U2 total gas prospective resources is 437.8 Bcf in the ERCE report, which is a 294% increase from the previous 2020 CPR completed by SRK Consulting (Australasia) Pty Ltd.

Misleading parts of the audience..

MMMMmmm, maybe its right, but not sure a side-track is a re-spud, as your still using part of the original bore..

To busy to proof read the CPR ?

Page 13

Helium One attempted to drill the Tai prospect in 2021 with Well Tai-1. The well was drilled using a rig designed for mining purposes.

The original Tai-1 wellbore was abandoned due to a lost drill pipe at 485m.

A re-spud, Well Tai-1A, was drilled to 1121mMD but failed to reach basement due to deteriorating hole conditions.

https://www.helium-one.com/wp-content/uploads/2023/05/230519_ERCE-Tai-Helium-Prospect-Report-FINAL-client-release-signed.pdf

That happens a lot, I assume all at 51.2 are buys, 51.0 sells ?

Worth a read of the BB,

multibagger for the gambler, and a CLN in place to keep wages paid and lower the share price

Another with a dispute in the background, not mentioned...

All the investor waiting for a deal to go through, funding for the acquisition of the remaining land(maybe leased) to extract heavy oil from sands, which has been delayed and delayed on the deal/funding while omitted, in the background another company is contesting rights to the same leased land..... Initially reads there is different rights to resources at surface, depth and hydrocarbons depending on their makeup, and extraction methods...

Who will provide funding to a company that has possibly no rights to the resources it is chasing, and how can a company spend so long developing extraction techniques for what they have no right to ?

Other thing is now I can double up, for almost half the price, and MSC is still in the pipe line( not said otherwise)

If Morocco doesnt work out in time for the fund raise, which must be due soon.., probably could sell my holding now, and buy it back £1K, recovering £1k cash, still losing £2k though,

Slippery slope, on next month, next month....

Nope, I took their word they would get the trial done..

But its gone from one excuse to another, to a failing component early in testing with no further timings,

like DM and his audit, and losing the rig...,

Down about £2k,

@KevR, Morocco is a Kiln belonging to a miner so nothing fancy, and you would think parts to fuel a kiln would be available in country, especially Morocco..

Last update on the boat was that it was in dry dock, ... but it was out sailing after leaving dry dock, maybe a road test ..

Thanks, itsawrap

@Horult did you get 0.65, looks like it bounced before

Whats Wressle generating cash wise for EOG ?

QED, messed up..

Finally got their slot to test with Moroccan customer, equipment failed.. :(

Failed part, mechanical, not named. ?

Shipping time from UK into Morocco, cant say, customs ?

Next test slot, next production run, whens next productions ummmm ?

1p, incoming

Probably before fund raise to support company...

EOG, Mmmmmm, EDR bought out..

EOG share Wressle, with EDR and UJO..

EOG just £10m, probably worth looking at how much Wressles share generates ?