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Yep pretty much crusty. Very similar to the November operations update

Very predictable what the next rns will say..

Should be a very interesting update thats for sure. Id love to say theres probably lots going on regarding rig etc in the background, but i said that when we were expecting to spud in November. I wont be buying any more thats for sure.

I wonder what made them say March specifically though. Surely they would have just stated it had been delayed due to rig availability and then update as and when etc.

My point isn’t whether or not it will happen, I have no doubts it will go through. What I mean is, if like some have stated ARA are waiting on the deal to conclude before drilling CH1, there’s a risk of the March spud slipping again.

What I was thinking Aimster. The deal was expected to close this year, now just ‘Q1’. A bit too close to supposed March spud for my liking..

success is priced in?! hahaha what at 25m mcap?? blimey

Is the value of your holding dictated by the mid price? or is it the bid, the one you actually sell at? Strength

Has it risen though? its been 1.07/08 to sell since the market opened. Its more expensive to buy however, so all thats happened, is the spreads got worse.

Still plenty of time to get in, however.

Fridays rise possibly priced it in? It’s great news but not worth getting ahead of ourselves

One reason to be negative would be delay after delay after delay and the fact that the supposed months we’re told we’re meant to spud clearly mean F all. The issue we have now is will it be March? How many more times will we be told one thing for it to not happen.

Feels likely we'll settle around 0.8/0.85 again whilst we await further confirmation

How can they shout about it from the rooftops when its price sensitive and information has to be very carefully collaborated and announced via RNS? Not to mention that the cores have to be assayed before they know what they've got. Absolute fool

I fully agree. For now at least i now have zero trust in the information we receive which is not good. The communications are an utter shambles. The only way things will be different and a spud in march can be taken seriously now is if we get information on the pad, rig contract and mobilisation in the coming months.

Aimster so when in your opinion do you realistically expect this well to spud?

Trouble now is, do we trust a word they say? What will be the next delay when March comes around?

Exactly sibajak. How on earth could they of not known there was trouble securing a rig. Beyond belief.

To be told November was 'Still on schedule' only a month ago, to now find out its delayed due to rig availability, is nothing short of absolutely pathetic lets be honest. Abhorrent communications/incompetence.

I think it’s highly unlikely that there’s no news to tell? As a few have suggested by the end of next week there’s a very good chance we’ll know whats going on.