George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Having just caught up with today's RNS I would like to add the following comment.
As the rig has had a mechanical failure it should now be on downtime and will not be getting paid a day rate by Helium 1.
The well has not been compromised so the only inconvenience to Helium 1 is the delay to reach TD.
As previous posts suggest it gives extra time for the share price to recover.
The rig has already pulled the production tubing and packer and moved off the wellhead. Sand clearout ops planned over the weekend.
Well cleanout - Alkaid #2
The Nordic Calista #2 rig contracted for the Alkaid #2 clean out operation has successfully pulled the tubing and packer and has now moved off the well head. An SLB (in October 2022 Schlumberger announced a change of name to SLB) coiled tubing unit has subsequently moved onto the well head to commence a cleanout of the sand blockage which is scheduled to occur over the weekend. Once the coiled tubing unit has cleaned out the sand blockage, it will move off location and the Nordic Calista #2 rig will move back onto the well and replace the production tubing prior to the recommencement of long term production testing immediately thereafter.
Commencement of these operations was delayed due to poor weather and a number of electrical and hydraulic issues with the rig which are now all resolved.
As the offer was over-subscribed your application for excess shares would have been scaled back by the amount in the second line. I'm with the share centre and rec'd a letter explaining the situation. You should receive a refund for the balance within the next 2 weeks .
My £5k purchase this morning has been recorded as a sell
THS123 filtered - I haven't got the time
Bancos1 filtered. I'm Bancos free !!!!!
Cheers will do - amazing the amount of crap getting posted on here in the last few days. Next week will be interesting Gla
Load of rubbish - where did he say this?
Latino read the drilling schedule as per 88e rns
Well said russukarian. There has been a lot of deramping this afternoon and a lot of manipulation by the mm's. You only have to look at the sells and buys for today:-
9,816,849 sells 19,486,765 buys.
To me that indicates a lot of confidence in this stock.