Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well that RNS was straight to the point. I can only hope that the BOD wanted to keep Bad News separate from Good News ? But I’m defending the indefensible here. No thought given whatsoever to Shareholders.
I mean … What’s wrong with informing shareholders that they have a plan b to get to 5000bopd ?
I see 5/6 Trucks or same trucks but double runs 7 days a week as significant. Dare I say 3000 in the medium term is another 5 Truck runs. Throw in the Wyoming harsh winter and I think the BOD have no intention of a repeat of the downtime suffered earlier this year. Hence the road investment hint.
To be fair the BOD have dropped subtle hints re GGS outcome imo. If we are to achieve 2000bopd in short order / then being almost double recent Production / some planning has to be done ie : They are going to need double amount of Trucks to Transport oil to Market. Given that they mentioned about road infrastructure costs then ….
Expecting Decent News tmoro.
Stas is proving what an absolute tool he is. The point is they didn’t recover the amount of oil expected from initial discovery / so the experts on here quoting 50% as it stands is completely unproven. Read up on the Bakken field. Art refused to inform Shareholders the rock formation despite biggest oil find in decades. Talk about share the good news. Until it’s proven that the oil actually comes out cost effective / then it’s pie in the sky re if the field is viable or not.
Here you go Stas you piece of crap.
Read up on the Bakken Oil Field. Le Viola.
Horizontal well drilling and multistage hydraulic fracturing have been demonstrated as effective approaches for stimulating oil production in the Bakken tight oil reservoir. However, after multiple years of production, primary oil recovery in the Bakken is generally less than 10% of the estimated original oil in place.20 Apr 2023
Can you all imagine a Q&A with SP 7% down at 1.75 ?? Best for the BOD to let their Market friends do their worst / shake the tree / as the BOD know what the RNS will be.
I’ve called this all the way. But I could be completely wrong.
They are shaking the Tree as everyone knows RNS coming before end of year and most likely mid point DEC due to Holidays. It stinks ‘cos those on the inside know now what the production is. So they create uncertainty on a 50/50 chance of it being Good or Bad News re GGS. I am staying for the GGS result as was my intention from day 1. I couldn’t give a monkeys about the JV because the GGS comes first and then I will re asses.
The BOD are yet to demonstrate a clear pathway to growth. Hopefully we shall find out next 10 days..
They are Shaking the Tree. And the BOD love the uncertainty it creates amongst the PI.