Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Looks to me as these guys are in for the takeover.
But what price?
From the annual report released this Monday gone makes it clear to me that a deal is likely to be done by March 31st 2019.
LIKELY DEVELOPMENTS AND FUTURE STRATEGY
Project Icewine;
The farm-out process covering the conventional Project Icewine portfolio that was underway at year end, will continue in early 2019 with a deal targeted in the first quarter. Permitting is in place to drill two exploration/ appraisal wells next winter season, (2020).
Its very very simple.
We have not even completed three full days of drilling since 25th February.
Go to the chart and see where three days of drilling takes you from leak off test.
Also a reminder: Alaska is 9 hours behind us!
Depending on the time we restarted drilling on 25th, it could be as late as tomorrow evening before we get to Seabee.
I don't mind an alternative view. Wflip .... keep on banging the drum of fear as you always do.
Or simply and as calculated against the time line graph against the recent updates, they have not yet reached Seabee.
But keep banking that drum of fear Wflip
Stockade: Yes. So Seabea not likely to be hit until late today UK time or as late as tomorrow.
Its making a sunday night rns on ASX all the more likely.
Nigoil: If that statement is true, this is the weekend of weekends! Good luck
FROM LAST UPDATE
Drilling of interval containing primary Nanushuk targets (@~4,500') commenced 25th February (AK time): current depth ~2,640'
Now go back to the chart and work it out....
until late today***
Not going through Seabea late today (UK Time) if you go by the timeline chart and with Alaska being 9 hours behind us.
But you already knew that didn't you. Anything to ruffle some feathers.
Wow and now I realise I am on the CLNR board!
HAHA
Happy debating. My apologies.
I have an idea. How about having a meaningful debate about CLNR on the CLNR board.
The presentation is not an 88e presentation. But don’t let that stop your agenda.
The board has gone to a low today. Trolls old and new put in force.
PC gone mad is right
They will still be able to gather data from other sections.
Nanushuk is the correct target that time frame allows. We do not know what the end game is.
And who knows, maybe its only Nanushuk we need to analyse in the time we have because its what Oil Search will want. They seem the most suitable buyer. Then a quick exit for 88E and other parties. It could be all part of the game plan.
Makes sense then that Nanushuk is rightfully the one targeted for flow testing.
Question is, what will be the flow?
It worked for Armstrong, will it flow for us?
All buys! I love a blue screen
A good sign hopefully
And 17 buys v 3 sells is not exactly a sign to worry.
Pathetic HtoH
Also known as pay zones!
They need to play catch up
Expecting them to do at least 5% tonight.
25th February (AK time): current depth ~2,640'
Time in Alaska now 13:40 Tuesday, 26 February 2019
So we will be close to 3000ft now all being well.
Oil will show, when it shows.
I predict that news to come on ASX this Sunday night.
A very strong last hour. Buy after buy.