Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
BD6Vant - ""Rest my case and await further first quarter updates""
Updates about what exactly??
PH has said there will be no more Quarterky Operation Updates.
PH has said the Farm Out Marketing Campaign will take 3-6 months.
Piscator
1) You may think PH's time spent on his Antler Global project in Equatorial Guinea is irrelevant - I don't.
2) I am not ignoring anything or trying to mislead anyone - Perhaps you are trying to mislead people by suggesting a farm in is just around the corner and a forgone conclusion.
On the subject of "cash in the coffers" there is no point in posting revenue if you ignore expenditure, all will become apparent when the yearly report is issued around May / June but based upon H1 expenditure of approx $5.5M I can not see the cash balance looking very healthy.
Techno - I don't know who you are but you are definitely not new to Mobile Streams.
76 posts in first two weeks of posting, 60 of them on Mobile Streams, most defending the company.
Yes, you have posted on other companies but that is just done to put us off the scent - the exact same tactic was used by a well known poster six months ago on ADVFN, except people saw through it.
Techno - Regular as clockwork you spring up to defend - you may like to check but from memory I believe ME's share from the sale of Krunch to Mobile Streams was £500,000 - half in shares and half in cash, so that was £250,000 cash - and you are now applauding him for buying £25,000 worth of shares - Get real.
For the record, I actually supported Mobile Streams acquisition of Krunch at the time as it seem to make sense to me but I think I was hoodwinked.
Sheep
I would agree with you that they should not make an announcement regarding flow rate until such time as they are 99% sure the flow rate will not decrease. If it subsequently goes up due to cleaning up that would not be a problem.
All the best
Good evening Sheephatch - excuse me butting into your conversation with someone else!!
The RNS basically says that we will be notified once a stabilized and sustained flow is achieved, but full clean up will carry on for several weeks afterwards, so I still actually think there is a good chance of news this week.
Anyway, I don't mind if I am proved wrong but that is still my opinion.
From RNS, Monday 12 Feb:
"Further to the Company's announcement of 29 January 2024, the sand jetting operations with a coiled tubing unit has now been completed and the Company expects to recommence production in the coming days following reinstallation of the rod pump.
The impact of the sand jetting will only be known once production has been restored and a stabilised and sustained flowrate from the rod pump has been achieved, at which time the company will provide an update."
On the 8th Feb I posted the following:
""Piscator1 - I think PH is more likely to have been in Equatorial Guinea""
Looks like I was correct, check out the photographs on Europa Oil and Gas twitter (X) page, Jan 31st and Feb 1st.
Could be 3 RNS's
1) Confirmation that production has recommenced with rod pump with initial flow rate, pre clean up.
2) Confirmation of increased flow rate post clean up and notification of temporary ceasing of production.
3) Confirmation of installation of ESP with further increased flow rate.