Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sine, I’m sure a lot of us totally understand what you are saying.
But even though we know how this is probably going to end, we are moving into a week where potentially we have a chance of them finding some helium and at 10% as well.
If the rig is working well and if we are only going to 800 meters then we could find out this week, I am expecting an rns at some point next week. Fingers crossed for everyone it’s good news.
at this point now i hope we don’t hear from them until the job is done.
i don’t really want to hear how they have such a good team of people and they can do all this standing on their heads crap, blowing smoke up their own ****s.
they have a job to do now they need to get on with it and hopefully pull this out the gutter.
not complete sure about the 4/5 weeks thing though, seems more realistic to be a 2 week drill if they have fixed the drill. nobles certainly didn’t take that sort of time.
GG - don’t know if this helps you but I am in a similar position to you, had 650,000 shares at an average of just under 7p.
I did sell some the day before the raise on the rumour of the 0.25p raise. Wasn’t much left to be-honest.
Now I have thought about chucking it all back in and some more to try and get the money back, but I only had that many shares in the first place because I planned on de-risking, which never happened as we stand below 10p
So now I except that what ever I put back in I will leave for the results, if they are bad we know what happens.
If it is good the upside is massive, because of this I don’t really think I need to put all my money in here now, if it will do to 2/3p on a discovery .
Happy with a low amount in here for now, given the operation risk of them ducking it up again.
Good luck with what ever you choose to do.
Based on the 2d seismic work, but that didn’t help much at Tai.
Seeing as it is seeping out the ground at 10% how far down do they have to drill before it’s a discovery?
Is the difference between a discovery and a seep that it is under the ground and not above?
They may only have to drill 100m to declare a discovery and then hopefully re-rate to something reasonable.
Depends on if the Tai outstanding cost is include in the 3.2m or if the 3.2m is with that taken off.
Still very tight, would need to be problem / delay free. Got to hope they are oversubscribed and take a bit more
I did today as well, going to average down as low as possible once the funding is sorted, which I think will be this week.
Personally not bothered if they drill in January or later in the year as long as they sort the money.
You make a very good point LW, the drill breaking down again wasn’t something I thought about.
Guess I hadn’t thought past them getting funding and going again, but chances are something will break down.
Risk everywhere you look with this one now, do you average down before the raise / funding is announced or wait until they secure funding or leave it all as is in case the drill breaks again, selling isn’t really an option at this point.
The guy who asked that question about Baker Hughes seemed to know more than he should. He also asked the question about hearing they had over run by 4 Million .
Looking at LB face at the time I would guess he is probably right about that, that would mean they only have 2/3 million left.
To do this next drill and return to Tai and complete how much would they need?