Member Info for LeMajor

Still early hours of Thurs in Alaska, so potentially 3,000 feet by Saturday and seals on Sunday/Monday (add a day for SH). I wondered why 3000 feet- could it be that's the limit for a drill bit change? If they could do 4k feet, then the next phase might have the tech train attached for data gathering at Indigo/Charlie by the following weekend.

I would not be surprised to see spudding taking place today, then all the top seals can be cemented in over the weekend. The whole point of rig3 is that it is ready to go, once positioned above the sump & bunding. Not sure if that would have been dug before the rig arrived or after but by now it will be ready.

I would not be surprised to see a jumbo sale go through in the next 24hrs. It could be that 2xMMs are jointly trying to fill an order, so sitting on the order and holding back a rise while encouraging a sell-off. Only time will tell, but can be camoflaged even then.

B/liquid, you have fallen for the ruse. The MMs do not tie up lots of cash for shares, therefore the volume of sales is never very far adrift from the volume of buys. The MMs can alter or manipulate the spread - for example, if spread is 1.4-1.6 then the "estimated share price" is 1.5, any trade below that is classed as a sale and a trade at 1.53 is a buy -easy!
BUT, by extending the spread to 1.4-1.7 the ESP is now 1.55p - so even though an MM continues to buy at 1.53p, because the ESP is 1.55p, it shows as a sale. The impression is given that sales are outrunning buys which encourages a sell-off by nervous investors or triggers automated sell orders (aka a Tree Shake).
It's smoke and mìrrors.... do not be fooled, if the ratio of buys and sells is more than 60:40 I smell a rat baited with a red herring. If it is backed with disasterous or transformational news, there may be a basis for it, but if it comes out of the blue or drops on good news....BEWARE!

Similar to Brombarb, my watchlist of 20 has 5 at zero, the rest drop as far as -18.5%

With the wagon train arriving at the terminus, we might be spudding before the weekend. Looks like ASX still suffering from 'flu, but volume is so small it hardly matters.

WAaussie, could not find that photo of DW & PB on wiki but......
https://www.hartenergy.com/exclusives/ice-road-drillers-27611

I thought Eric was on the pic but I suppose someone had to hold the camera.

That trade (buy) of 3m shares, may have been taken this morning for 1.20p but broker may have been accumulating all day to cover it, hence the booking of the transaction at 16:19, and accounts for why the sp was kept low at 1.18p (in order for a profit to be made).
Shares must be in short supply but can be "borrowed" from nominees by arrangement.

WAa, there is a pictute of Dave, Baz & Eric in the wiki pages ( pre-ice1) taken at FB.

With a nice tree shake and a following wind MMs should be laughing all the way to the wine bar this week.

About 1150m to drill for the Indigo/Charlie targets, which will only take days, once the topp seals are in place.

Up 2%, now mates are in. Hope it keeps going to 1.9p by spud.

Plenty of time to level out.

Thanks for the sump explanation.Good to have someone who walks the walk.

That last leg was about 14 miles in 9 hours, which is a whisker over 1.5mph. It may be a touch slower on the ice road but not bad progress.

We are on the North Slope, the rig started nearer the coast. Does the Dalton slope down from Prudoe Bay? That might explain why the tundra is so boggy - but which direction does the Sagwon river run alonside the Dalton? Let me think......

Rig is halfway through the last leg of its trip up the Dalton. Next pull-in willl be onto the Ice Road..

This time tomorrow the rig will be on the ice road.

Stanmman, not as weakened as mine, looks like I gained 24 hrs somewhere. I defer to your timetable, so Asx could get an announcement on Monday (late Sunday in UK).

If memory serves, 9am Monday (in Alaska) is about 6pm in the UK, so Monday market will be closed - but 5 hours later, ASX will be open for business (Tuesday in Sydney). These time differences will make for an interesting week for announcements.