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http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190731:nRSe2808Ha

A bit of rush there at the end. It looks like we might due an RNS tomorrow morning.

And who used to be the Chairman?

https://www.lse.co.uk/rns/POW/power-metal-kalahari-key-botswana-update--tcgea1ex219mydx.html

Yep, I can see that but why not say there is no new news and that they would update the market in due course? Radio silence usually means that something is going on. Both UOG and RBD have a business model of going into development assets, proving them up a bit and then selling to reinvest into other development assets. In the short term, it would be quicker route to profitability for ADL to sell and reinvest into Indo.

Anyway lets see.

DYOR

http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190729:nRSc0064Ha

I reckon Friday.

The BOD need to digest the contents and I reckon it was delayed a bit because they would want to include as much data as possible.

If they just put it out with no comment people will complain. If they are going to use it for RBL, they want it to look as good as possible. No point rushing it and then paying to have it redone in a few months.

Why don't you some research and analysis? If you have some decent input I would welcome it, a lot of your input is simply negative and indicates you haven't read stuff that is out there. There is no point constantly complaining that we are not there yet and it must be Charlie's fault.

I expect we will have the reserves report by Friday: if you would like to study that and give me your insight I would be interested.

DYOR

Sorry mate, they would. Both UOG and RBD have said it is commercial: if it were a duster that would be new information, price sensitive and subject to disclosure. You need to differentiate between what you think is true and what is true.

In each AR both UOG and RBD said Colter was commercial and now RBD gives us radio silence: 7 weeks ago they couldn't wait to talk about it.

I don't know what it is but there is a reason.

*frittered

Yep I can see that nonetheless RBD, UOG and Corallian have each said it is commercial and that they are looking to optimise the forward plan. It wasn't that he didn't update on it but that he said nothing at all. I agree that some action on it is a way down the road but they still have important information to put in the public domain. It makes me think that the partnership might be looking to dispose of it.

Those four licenses plus the Colter discovery would make a nice package for someone.

DYOR

Sorry they did say nothing new to say on West Newton.
Why say they were silent on West Newton because they had nothing new to say but completely silent on Colter?

RBD did an update today: no comment at all on Colter. They followed up with an interview on Vox Markets Podcast; again no comment on Colter but did say that there was no comment because there was nothing new to say. Well on Colter there would new stuff to say but they stayed silent: makes me think that he was not in a position to comment.

The content for these interviews is agreed in advance and it looks like RBD said don't ask about Colter.

There are limited reasons why they can't comment; not even to say that the review is ongoing at Colter and we will update the market in due course. If Colter was a dud then that would been market sensitive and they would need to announce it. RBD owns a big chunk of Corallian, the operator, and so should be in an excellent position to know what is happening.

DYOR

How is it going with PFP? Fallen out with them yet?
FYI we made good money on it.

I read it too. Inaccurate and misleading. I contacted PH over the weekend. He has been deluged with rubbish as a result of these comments. As he points out he has a company to run. If he spent all his time refuting every mis-directed attack, he wouldn't be able to run the company.

DYOR

Since you are an assiduous reader of the blog and comment on everything, no doubt you will have seen that I have commented adversely on both AB and DS. I even took the trouble to contact DS last year and put some things to him. As I posted on here, he didn't welcome having the benefit of my insights. What has happened has shown me to be more right than him in the short term.

However, I think that PQE will come good. I still have all my PQE shares and warrants: I very nearly sold twice and wish I had done so. I see no point in selling now. A lot of this is about timing: if you hold shares long enough you will be both right and wrong, just at different times.

PQE looks to me to be nearly there. NASDAQ is not far off, the plant should be up and running properly shortly, Valkor has done a deal, QEM is near to a deal and it has completed on its asset purchase.

Mistakes: they should have stayed clear of NASDAQ and concentrated on the plant and deals last year; they shouldn't have bothered with the PR Springs asset at this time; they shouldn't have issued updates that were overly-optimistic; the CEO needed to have more engineering expertise; they should have engaged with Valkor earlier. With hindsight, they tried to muddle through with a plant that was not up to the job and relied too much on deficient internal expertise.
However, that is largely in the past. Fingers crossed PQE will be at a decent price and moving forward by middle September.

NB LVL the above is what you call reasoned analysis and not non-stop pointless personal abuse.

DYOR

JMS back at 40c. I wonder why?

The issue I was addressing was whether Colter was a duster or not. ADL, UOG, RBD and Corallian say not but you know better.

All other issues such as OIP, EUR, costs, FDP and PV10 we should know more about shortly. For now it is sufficient that Colter is not a duster and the partners are working on how to optimally develop the asset. There is a lot for them to address and the new licences will have introduced new considerations.

DYOR

http://www.alignresearch.co.uk/cpt-company/petroteq-energy-inc/

PQE not paying you any longer?