Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
BH you're too bull on this share, everything seems obvious to you. If it is manipulated why would want to get involved?? You say the no new wells from ED is no big deal. well it is and you know it. Why wouldn't you want to have more from a free carry? we've gone from Montana to DTU to ED to WD and now all off a sudden your saying that Kansas is the big play? come on there was no Kansas when you first invested here.
we've just gone sub 12, but all I read is how great the company is on this board. why can't this share hold its gains? why is this unloved? some balance would be welcomed
Becareful all those who take this charlatans d14 figures as gospel. He once counted to a single share imaginary forward sold warrants for a period of 6-9 months daily! To no availe. He also said the money would run out in Dec and guaranteed a placing. Has own agenda to drive SP down. Makes it all plausible in his head just because he puts some figures in. Worst kind of poster imo
sorry don't follow...what has COP's involvement here to mean True will/can only stop at 8 well? apologies for the lack of research.
does anyone know what is stopping True increasing the wells this year to 16 and possibly 24 wells this year?
considering what they've paid for project and the costs of operating you would think that 8 wells isn't really what they are in for here.
Sorry hit Post. On par to first two well flow rates and fastrack upscalling of the nitrogen project. A further announcement shortly after from true oil that they plan to drill the remaining 16 wells would be nice. HNR would then really be a cash generative business. The potential is still there. I believe in the technical team there but they need to start delivering on Kansas after the WD balls up
HD ga cost 6 months to September is still close to £3m which means cash burn is still at similar level granted 1 month of that will be as operator. I wouldn’t call that a considerable reduction. We in agreement that nothing is going to happen to DTU or Helios anytime soon. The only thing that will turn the SP dial realistically is on par fl
I would call you continuously optimistic though BH
Cash at end of Sept is £2m.12mths to March 18 run rate on GA was £6m. Based on 6 months to Sept 18 you could suggest the same run rate, which means cash currently under £1m and due to run out in month and a half?. Yes 7.5% of 8 wells will see overheads covered going forward or close to covered, however flow rates are currently unknown. Even if flow rates are decent. How do fund the development at Helios and DTU? (which just seems of the table) They've assured us no placing for day to day activities which is a positive in my eyes but that doesn't rule out the requirements of funding for future projects. Short term need decent flow rates from the 6 additional wells to zero out OP loss, Upscale the nitrogen project and need True to confirm they have plans to drill 8 more wells if not 16! If the can pull this off the current SP is a bargain.
There’s many ways to skin a cat. Sell WI in nitrogen play, Upfront payment secured against future ED production, bridge finance etc etc. But someone will have you believe it’s going to be a placing. In fact hell bent on the idea. Just to get his so called entry or to be right. This is the same man who counted warrants everyday for 6-9 months to prove a non point which in the end he didn’t even do that. The same person calling out fadec and HD for ramping the share during a 60% decrease but did exact same thing when sp when low 30s down to 12p during primary bid raise. Motivated by which side of the trade he on. comical Entertainment at best anyone who gets reeled in by him check yourself
D14 you're actually quite vile. No one cares if you are correct as no one cared for your counting warrants everyday for 6 months either but it didn't stop you either. You didn't envisage single figures due to the WD permits but enjoy your hollow victory.
This news was known an posted on here by Noodle last week Thursday. WD was never priced in ever since it was announced the SP has always been dropping. MM's open at 11 and panic sellers obliged.
That’s right concentrate on existing projects ;)
What is Subs?
Good. Concentrate on delivering on projects they have going on at the moment rather than trying to get new projects on an old plutonium site. What a balls up
Is that all the WD well applications?
They said there will be 104 well application before the 6th. How long did ED Wells permits take roughly to get approved from submission?
Indi some people have short memories, last time I checked in here rift was literally tearing a strip of anyone who dared to mention Art was out for another placing the ramping was rife. Rift can buy as much as he or she wants the desperate comment is to do with thinking its now manipulation not with the buy. I don’t want any PIs losing money I hope Rift 10 bags from here but less of incessant hyper ramp
its the story of HNR. Always been a seller about. 12-34p in just over a month on anticipation of ED, but that was higher WI to what eventually transpired a great catalyst. 7% of 8 wells by end of the year, commercialisation on Nitrogen project (update really required here) are near term catalyst that I can see. Once the selling stops this can only go one way and fast. Its not a screaming buy but its close, the timing isn't that far off. I'm never convinced about their claims about non dilutive funding either, they've got form for some dark raises, which we are still seeing the consequences of today