Member Info for Ezhik

It's Riversgold's results. and in any case theirs are tiny volumes to test by comparison to wsbn- plus they are just continuations of many results already posted, therefore not individually significant. If I were WSBN I would also post nothing until I had some idea of what the results actually mean. results from 1 hole does not make a mine. Keep selling.

Van. thanks for posting - and going !. valuable.

Good results for shallows and previously unexplored area.

Sounds like they are looking for a sales manager.

Not that anyone here cares but i'm not convinced after the rns and the interview and sold out this morning after a difficult argument with myself!. price dipped just below 21.8 where I bought it back in May so I look at it as 6 months of wasted opportunity but better than losing. good luck all.

They' ll just level off the ground, remove obstacles, trees and rocks and compact any soft areas and chuck in some gravel where conditions are a bit 'loose'. Plan for water run off, avoid low lying areas - plan for annul maintenance as and when. £500k

Dont forget that the SP as only 0.75 in September and is still up over 100% from just a few months ago. SP is doing well from that perspective. The next good news and all will be forgiven I suspect. I think @Winvester has the right view that the overall project is a good prospect, also the company do at least appear to be open and provide regular updates that are not completely ambiguous and full of get out clauses like most.

Mr Patience. You'll have to live up to your name for a little while longer - I would say maybe until around March next year for a full appraisal of what they have found to date - it's only my opinion, same as everyone else's posts!. Average down or falling knife? Who knows but I think that I will be adding some mid Jan if they haven't published any results by then. If it goes below 40 before then I might add some more regardless.

Works at the pawn shop in the high street, we buy anygold.com

@brombard. I mentioned the flow back rate and the only place it could have come from is the interview. I recall being disappointed that it wasn't in the rns and then I was 'happy' to learn it was such a good rate and that could only have come from the interview somewhere.

? what's despicable, someone giving information about something they think may make some money? By the way, by replying, you keep the thread title going and are more likely to encourage people to have a look for themselves to see what exactly is so despicable. lol. well done

There's still a lot of work to be done at WSBN, many on that bb seem to think it will be worth billions following the assays on a breccia pipe - which typically have low % gold elements and they can't get their heads around that several hundred metres of 1m sections of core samples are taking time to assay ffs. anyhow sold mine there at about 1.6 and 1.4 old money bought a slack handful at .82 just in case but looks like it will drop further as the new year starts with no results so its worth a 'punt' at some point when everyone has left the building. Absolutely not cross ramping lol. OMi ticking up quietly a couple of points here and there-very nice.

Never shorted anything, I use HFX and HL, for Isa and sipp I'm not even sure they do short selling. Sp is back to where I bought it back in May, disappointing really, half a year of watching it go to 32 and all the way back down again.

@growmore, I agree, but boring usually makes for a good investment but not necessarily an exciting gamble. Will soon be time to raid the biscuit tin.

They dont mention formation water so I assumed there was none to worry about and then asked myself maybe that was a wrong assumption because at 2900 bbl of fluid a day with only sporadic or modest oil content they should have discharged more than 40%, but then of course the flowback would have been variable with different amounts earlier on and then having further thoughts they wouldn't actually be able to differentiate between frac water or formation water so no way to tell in any case unless they can measure the concentration of the various components in the returned water against the original frac water to determine how much it has diluted by ingress of other water. Probably better to forget about it :) Rambling now. lets hope that 'modest' has been replaced with outstanding on the next flow rate update.

And there's a lot of 'slippery people' 'talking in tongues' :)

They quoted 10m for drilling, 15m for completion = 25m. The extra was the pilot drill plus the additional well pad construction. Hellish expensive though. I'm wondering how much of the current flowback is injected water and how much is formation water. They said the flowback is something like 2900bbls a day which is very good but not if it is made up of 2500 bbls formation and 380bbls of injected water with 20 for hydrocarbons. Have to say I'm also a bit worried about what they will achieve, it will have be fairly transformational clean up from the 'modest' oil shows to something above 500 bbls a day.

I almost posted on Friday that a raise is coming but saved my breath. That 'valuation' is entirely hypothetical and as always conditional. To satisfy the conditions and get to construction there is a lot of work to be done and someone has to pay for it. Without any notable income other than the stable gas and electricity from Italy it has to be placing.

Obviously. The grades are small and only over shallow intervals. It's just the way the market and people behave these days. They want huge grades and to be instant billionaires.

So. They have been looking at ways to improve efficiency and lower cots and have come up with connecting RC to a camp with a local airstrip to facilitate crew changes and some folk are not happy?

Assay results were always going to be 12 eeks and now look to be longer, the started at beginning of October therfore end of December would be the earliest, then analyse what they have in terms of the geology and then they can wait for further result to come back before notifying. I would not be surprised to find us into March. the rns states how many samples there are and they are doing the full monty on the testing.

Undoubtedly there will be more funds required next year to increase the drilling and the road, with cost savings to be made with improvement in efficieny. For the moaners, just pull out and go to ladbrokes for instant gratification. Chuck a few quid on a horse and get the results live if thats what gives you a hard on.