Member Info for dai2belts

@KevR,
Troajan, will be able add some thing about that..
Does it fit in with the theory..??
https://www.youtube.com/watch?v=xDFAKWTVe8k
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

@Sbroms, Are you leaving all of your investment on the table for the big day, or just some profit?

@KevR, watch DELT, they have just announced a new joint broker, just before what I believe is their 1st well, obviously they will need funds for appraisals & development, but these things take years, and thats if they have a discovery.. Thinks its a new North Sea play too..
So will it be lots of updates, on prognosis, TD with a show(fizz gas ;) .)fomo, waiting on results and a raise.. Or silence until completion..
seen 67 and 87 days estimates on the drill with testing, I think its 67..

Take a look at tower, I expect its slowly heading down to 0.2p, with a fight.. up to 10% profit some days..

My mates a bit of a wheeler dealer, recently sold a pile of junk to look at, an old garage petrol pump.. He seen it, driving past, knocked the door, bought it because people restore them, sold it..waited though until ebay were asking very low commission..

How does he know the worth, he watches the ebay auctions, so knows what people are paying. if he sees a bargain he buys and sells, never pays top wack..

Same with a mk1 capri, seen it, knock the door, paid the asking, will probably polish it, and sell.

Bought old windows in the past, he wanted just 1, sold the rest for more than he paid..

Always willing to walk away...

The 1st 300,000 buy was up £600 within an hour +0.2, nice if they could off load them all..
@KevR, I am not sure where this one is headed price wise, too many paths possible, thats probably why we know nothing.. Would be nice if the MM was a little more obliging and created a trade-able range.. The would allow us an opportunity to build, derisk, and attract some attention..
See QFI is still rising, not sure if its people getting in very early, or a sustained pump..I had only recently moved it higher attention watch list,
DELT might be about Nov 1st, if my source is good,

@TTS, this game make you really cynical,
Often with low volume shares, and if you get it right, it may take a day or two before the price moves above your purchase price..
Now we see three sizable buy trades within minutes, all of which can sell at no loss within a further dozen trades..
There is that feeling I should top up before 7p, but also the feeling I am being lured..
Could be shorts closing before 7p
Buy finger twitching , what a game...

@Sbrom, I see you only have 20 post, so unless your the silent type your new to investing.. ?

@Sbrom
I am not that clued up on PRD, but there was mention of an extended well test, and selling that gas to market..so some early revenue, while bigger plans develope..
Not sure about any time limits or restrictions...

Here is an interesting read, an extended appraisal test, over 1 year in the UK..
Quite surprising they have been burning saleable gas, money down the drain & pollution, & a restriction to oil production..
https://drillordrop.com/2022/05/30/wressle-oil-production-gets-formal-approval/

If your fairly new to mining/oilers like I am, these are interesting
https://www.youtube.com/watch?v=xDFAKWTVe8k
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

@AP, there is not much you can do other than put your feet up while there is little news to shift the price either way..
While waiting think objectively, consider all the outcomes that come to mind, whenever they do, the best are when your not actively thinking, put a rough value to them..

@Latorre, Good to know he is still alive and kicking :)
Have you looked into hanging and falling walls ?

December, not saying I doubt that date, just we have been a couple of months from drilling since the water rig

@AP, totally out of order indicating the audit was almost complete when they had a show stopper, being upfront would not have stopped the price falling but it would have stopped people loading up believing 2022 was on...

@HeliumBull, Just another angle, last year was partly about raising further funds, and ensuring the investors who provided got their rewards, and the savvy PI will have done very well too
This year is partly about protecting the companies market cap, and share price through the challenges, and we are just a short time from getting that rig on site....December lol
On that front DM has done very well, at IPO MC was £14M today £40M, not even a penny below my first buy, back in 2020.
At the moment we have two dusters, and two plugs, all worth way more than that rig will add ;) lol

Where's Muscles, DM deserves some abuse ;)

@Sinequanon,
That yard the rig is in, probably is the lost and found section, within a police compound.
Now its A1, the owners have probably turned up to reclaim it...
Just hope they are good enough to offer us its services ;)

No conspiracies, AP mentioned a lawsuit related to the previous/current owners, and we have seen Cluff were paid, and the matter resolved..
As for the export issue, thats DM's doing
Anyway that MOU DM was working towards completing in Feb 2022 must be almost ready ;)

Void..
listen very carefully for 2 minutes
https://www.youtube.com/watch?v=rHV09L1_t0g

Watch very closely for 2 minutes
https://www.youtube.com/watch?v=EeauvE1M7qc
I cant believe some people were unaffected

Void,
Forget the math, a whole sentence suddenly appeared, on the umpteenth read, age related reading issues, more irritating than my de-ramping :(

Void, lol
All DM's doing, if you dont provide enough information people go looking for answers..
Read BetKarma's post and do the math, then ask yourself who likely owns that rig or is expecting payment ?

@Latorre, It looks like DM has stated its related to the parties involved in the import..
"Export requires approval from Kenyan authorities but is compounded as all parties originally involved in the import of the drilling rig must also sign release papers."

Probably some outstanding import duties, just hope there is not a decade of interest and penalties to pay by the new owner, you know , small print in the sales & purchase contract.. ;)

This makes me think, maybe, possibly, 49% sure, we are the new owners, a rig sitting around????

"The plan is to get the rig into into Tanzania ahead of a rainy season so we can set it up with mast up, waiting for the Baker Hughes equipment to be released from its current operations in Africa."

@AP, whats the story on the law suit?
I know there was a legal dispute over payments, but no where near billions, and cluff got paid their costs..
But I wonder with the engine issues whether Cluff failed to meet their commitments to that Geo-thermal project.

I am not sure I buy the export papers story, we have no clue to who these parties are. I would'nt be surprised if there is an underlying issue meaning the export papers cant be signed until resolved.. DM is like a politician