Member Info for ID78

PRD - any thoughts? Spud meant to be first 2 weeks December (SP hit 12p from 7.5p when that was announced). Back to 8.35p…

I’m not to sure, but TXP at these prices will make you money. How long you need to hold is another question.

88e I finally looked at and the bottom is in with no rise and drilling next year. At this price I’d be shocked if there wasn’t money to be made buying now…

DELT spud 23rd Nov, and should take 60-90days.

3 months?! Wow.

Not great at charting so I use MarketScreener .. reached support so maybe good time to buy?

https://m.marketscreener.com/quote/stock/DELTIC-ENERGY-PLC-10636023/

Think MATD looks a better buy than HE1 after these presentations..

So in MATD

‘Mike Buck stated we were WELL FUNDED for Heron Workover AND Velociraptor, many of the expenses already having been covered with £6M STILL LEFT after that expenditure!’

Also, on land access

‘Access - Special Designation should be "fixed within the next 1-3 months" as confirmed by the Minister of Mines in Oct, hence anytime within the next approx 6 weeks.’

Dia- no, I didn’t get to see it.

HE1 - talked up projects in other countries?! That’s not reassuring in my opinion. I think we all know funds are needed. The fact he won’t talk about it is a red flag. I’ll stay out till the fund raise happens then I’ll see from then. Maybe I’ll miss the boat, however todays drop in TXP (a share I had my eye on) will present a better opportunity at present. If HE1 raises funds at a big discount to todays SP that changes everything… (I hope for your sake that does not happen)

Curious to know what was said about MATD. Are they fully funded?? Think I’ll pop over to the MATR board (though I do find it heavy reading at times with the personal nonsense).

TXP:

https://www.malcysblog.com/2022/12/oil-price-touchstone-scirocco-echo-uog-and-finally/

Tbh I’m repeating what someone posted on here, I think Robbie did say it in an interview last week that I haven’t watched.

Anyone else ok the board able to comment? I’m sure there was talk of this last week….

The SHG approach does make you wonder and I can’t see why buyers wouldn’t take a look at GCAT given the crazy MCAP.

Robbie thinks we are worth 100mill….. …

Anyway, the ops update and MRE update would be greatly appreciated, Robbie, if you could be so kind.

Have to say I appreciate Treks posts.

Never held any TXP but I wish I had, I think I’ll have to buy some when funds become available, it’s just a cracking price and the chart helps too.

Appreciate the comment, Troajan

Placing at 54p.

Can easily see this doing 50% from here. Tbh can see this doing 100% with the right news.

Ok… so Maghor, in the prospectus was stated as the ‘Largest mineralized area in area of interest’ -

Back to VR: KPG identified a 25cm, 22.74g/t vein at surface level (trench 10).

I’m still confused why the first holes they drilled after the hill were at Maghor, at 4km VR always seemed the first best target

I guess depth and width of deposit are the other factors, but between the 3rd set of results from the hill and VR I’m hoping for a total of 1.5mill oz.

Hopefully that’s VERY conservative! It could hit nearer 2mill from VR and the hill combined.

I was reminded recently that the veins are narrow in the hill and this was offered as an explanation for up and down production figures. VR should have higher grade gold and this will completely change everything, higher grade ore lowers the AISC but also makes it easier to hit or surpass the 2000oz a month from mining less ore in tons.

In fact all production figures to date are, I would think, based on what they know - the hill. Finding a good sized deposit of 12g/t would be a real game changer to the production metrics. Especially if the deposit is close to the surface…

The impact of VR could be massive…

I said it ages ago, the hill (relative to the the rest of the area) was lower grade ore (its in the prospectus).

So yeah, I’m in agreement certainly some double figure gold grades. Whether the average is double figure, I’ll pass. Just trying to manage my own expectations.

As you say, potential was said to be 12g/t… and a 4km strike length …

I think the Q3 ops review will give detail on any success (ie HL) and be vague on the less positive. As we know the numbers will be underwhelming (which we fully expect) so I suspect the ops update is being held back so as to be released with the updated resource figures.

Just my thoughts.

Yep, we’ll done Troaj. Hope you had some to sell.

Dia - I have to say sub 2p is kinda tempting, 50% is just 3p.

I just don’t have a handle on timescales- or funding - I’m slightly suspicious about the money side and it could burn my fingers.

Wonder what Troaj thinks.

You are welcome Kevin- it’s only my opinion.

They say March 2023. Central government want MATD to get access. Local government are pushing back. So when the legalities are resolved is anyone’s guess. March would suit MATD with better weather but this is more what MATD want they have no control over when this will be resolved. If/when it it is sorted out the SP will do great things.

Or hitting oil on Velociraptor…. It really has huge potential if I remember correctly so there could be quite a bit of excitement pre drill. Question is do they need money and when??… I think (say again - think) they expected Heron1 to be pumping oil before drilling Veli… so some sort of income coming into the company and at the no money there is no cash flow.