Firering Strategic Minerals: From explorer to producer. Watch the video here.
Being fairly new to this company I am confused. Are they doing the 150 day EWT? Is that what the 2 loads of oil came from? If 2 lorry loads are roughly 2400 barrels over what period do you think this was produced. ie what date did the 150 EWT start?
Then Zoom mentions a 96hr test - is that part of the 150day EWT?
Sorry - am I just being thick here!?
Some help from you UKOG oracles would be appreciated.
Great videos from on site - makes it all real - thank you
gla
Matt
at the coal extraction equipment and the size of the pit for Atlantic Carbon Group(was Atlantic Coal) at:
https://twitter.com/atlanticcarbon?lang=en
gla
Matt
John you are right the figures do not seem to match up for anybody.
In terms of a new poster I have done the odd post on this share over the last 18mths. I sold out and come back when the price looked attractive. My worry is and always has been cost of machinery to dig out the coal.
When the power plant is burning it will cost the company millions. Did anybody invest in Atlantic Coal?
imho
gla
Matt
Perhaps the reason the price has not increased is how to increase production.
The 4000t per month is 131 tonnes a day.
The rns on 14 Aug stated they were shipping 51tonnes per day in July. That is not what they are mining perhaps though. So they really have to up their game to meet the new contract and other orders.
The fine material is presumably only usable for the power plant which is years off and they will have a huge stockpile of this by then which may be a storage problem in itself.
At some stage they have to bite the bullet and buy/lease larger excators etc. That will mean a capital raising exercise.
My average in here is 0.35p so I am happy the sp will eventually go up but I feel for you chaps who are in at 1p etc.
I do not see the sp moving significantly prior to Xmas but perhaps next year.
imho
gla
Matt
for a £4.5m MCap company
Go Rufus
gla
Matt
I have listened to this.
After all this time CH has still not satisfied the permitting info needed and it is even now going to take until early Sept. The result will be the end of Sept. Did not say which Sept! To take 2weeks to get info to them means some fairly big stuff being asked. I do not think the permit will be at the end of Sept.
I know he said some companies do not need the permit to make an offer.
CH comes across as a nice chap but has been useless. I am not sure what he does in the job full time!
Time will tell and I hope the company survives and we get our investment back and some profit!
imho, gla
Matt
Colin said only a handful of companies left in the SR - so that I take as 5 max!
He also said several had done more due diligence. So it is likely to be down to 2 companies.
What happens if nobody decides to buy it? SP back down to 0.3p?
Folk are thinking this is a foregone conclusion I feel.
What do the experts think the risk is of a no deal 50:50?
Will it be another GGP certainty? Not!
Trying to bring some levity to the table.
No intention to deramp as I will not buy anymore
imho gla
Matt
has gh not got any other mining company interested in any of the 6 areas yet?. He talks about companies being interested but no results as yet. I do not think the sp is going to significantly break the 2p level until he shows there is a demand for our sites or a buy in.
We can argue how wonderful they are but until another company wants to put some money in they do not have a value!
Firetower, Bromus etc have been around for ages if companies were interested. Obviously NM showed interest in EG but to ended in nothing.
For discussion?
imho
GLA Matt
I just noticed that on some documents you see Greatland PTY and I wondered why, rather than Greatland Gold. Bloomberg states that Greatland Gold is a subsidiary of Greatland PTY. Also if you look on LinkedIn Callum Baxter works for Greatland PTY. Is this significant? I do not know. Perhaps some of you Oracles out there do! But if they are looking to sell Greatland Gold they would still have Greatland PTY presumably.
gla
Matt
I will stick my neck out and say the MC at the end of this week will be £100m and a share price of 3.35p - s*!t the bed! I think this share now has a following that nobody will want to sell and it will rocket!
imho
gla
Matt
The four holes drilled at Haveiron are roughly within 250 -400m of each other. Hole 2,3& 4 are to the north and north west of hole 1 with the tremendous grades. Even when grades in holes 2,3&4 are declared we will not know what is to the south and south west of hole 1. I believe there is better grades here if you look at the previous drill figures.
I suppose it is trying to define where these really high grade bands in the 500 -600m depth fizzle out.. This is going to be an exciting time!!
imho
gla Matt
Life OReilly who mentioned UKOG on this board this morning. Had a quick look, seemed like a punt, got in at 1.475 and sold at 1.64p, a quick 10% return, thank you very much. Did not stay in as I haven't done the research.
GGP holding up well.
GLA
Matt