Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great work as always, I would assume this time though they are just drilling to prove the helium, so maybe not a production ready well.
If this is the case could they do the pad differently at this stage to get the drill in the ground and find the helium?
Don’t need all the bells and whistles imo
I get that, I do - I am not against a raise I just don’t think they will now, how can they if we are drilling in 2/3 weeks time?
I could see them offering existing share holders some to cover anything they need but I just don’t see them doing it the other way.
I may be wrong we will see.
I don’t see them raising before the next drill, no point at all. If they don’t get anything at itumbula they can raise to go back to Tai where we know we have helium waiting,
When people realise this is the case hopefully we can see a move back up, be even better if LB came out and said that they have enough funds and won’t raise until after.
They haven’t released a % or anything though as it was contaminated believe.
Their share price isn’t much better because of that. That is the kind of thing we want to avoid.
Good luck all
I guess that would depend on the results, if they are bad it’s best to have a drill ready to go again, if they are good no one is going to be concerned about the drill for a few days.
Having said that they have had enough time to source the bits needed for the drill, probably already fixed now or close to it
Realistically if we have billions ££ worth of gas in the ground which is more than likely a lot bigger than we thought and higher % than what thought, this really does have the potential to go into the £’s.
Settle for double figures for now but I think things are going to get interesting now.
Shame in one way as I did like the Joe show yesterday.
Tuesdays are the days they rns the most with updates, hopefully we get one tomorrow explaining the part needed and time scales.
I very much doubt everyone’s just gone home. They have hit something which looks decent - I am happy to hang around and find out what they have, this year or the next.
Didn’t they have the manufacturer there when it broke down the first time? Maybe they can do that again if they don’t know what it is that is causing the problem.
Wasn’t the problem the first time the drill broke hydraulic related as well?