Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Regards to contracting the rig responsibility’s, LB said back in Q1 it was the full teams priority to work towards executing a rig contract. I hold every single one of them equally responsible from Mike Williams to Sarah Cope
@lattorre as it’s stands we are invested in an exploration company that from the outside looking in seems to be actively trying to not explore anything. Hopefully this is rock bottom and it’s now onwards and upwards. GL
For the record I’m still heavily invested here but Friday was a mess! It needs clearing up this week and Lorna needs to pull her head out the sands the silent approach was fine back in Feb when she thought she almost had a rig contract to announce and be golden girl but it’s now July…. Let’s get this sh*t show back on track already and start the comms
The mind boggles @LW.
We wanted cluffs predator rig in 2022 when it was tied up in a legal situation and once it was free from legal ties and available we no longer wanted it. For me that didn’t feel right…
Now in 2023 our co-operation agreement seems to of been cancelled (which was saving us in excess of $2mill) as our now ex partners sign a contract with a reputable rig provider…. What are we doing…. choosing to continue a legal dispute in mid July with sofori rather than sign the exact same rig for cheaper!
Hmmmm
@jr I’m not disagreeing with all you say totally as I do think they drill this year.
However basing the pad developments on a rig contract isn’t so relevant. They would have pre paid/planned/booked contractors as prev to go hand in hand with rig execution expectations. A rig contract can hit a stumbling block at any day/week… do you expect them to halt all work on the ground? It continues!!
The market and sentiment will always be cautious with this company until they can contract a rig to rukwa. Again I think they will.
Lorna pre warned us about the silence until river contract when that agreement was fresh with noble.
I just to think she’s miss read the market in standing by her agm statements. If things away from the rig are progressing such as site developments she’s missing opportunity’s for a sp run up IMO.
If you mean the exalo rig? They told us because I invictus energy announced they had extended contact on it!
I do think we drill Q3 but don’t think they would have to inform the market of an LOI been cancelled