Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Mcadder
Posts: 6,234
Price: 0.355
RE: MayanToday 22:17
"Difference straight away with Itumbula as opposed to Tai-3 for starters is that Tai-3 experienced up to 6 times elevated helium shows in just Lower Karoo and basement targets compared to Itumbula which demonstrated OVER 20 times elevated helium shows in not just Lower Karoo and basement, but the Lake beds formation and Red Sandstone group.
Also note the word consistently was used which wasn't at Tai-3 :-
"Elevated helium shows, over twenty times above background, have been consistently measured"
Secondly, they state they encountered frequency and concentration across all encountered zones at Itumbula as opposed to Tai-3 where they say they encountered increase in frequency and
concentration across all encountered zones at Itumbula as opposed to Tai-3 where they say they encountered increase in frequency and concentration at depth. So straight away it sounds to be like it could be much more highly charged than Tai-3.
Thirdly, we know of the problems they encountered with drilling there which has led us to here, and today's RNS reads that everything went to plan, no issues were reported.
Whereas at Tai-3, they encountered a fracture while drilling into the basement, with losses of drilling mud etc etc.
Fourth, they encountered this at Itumbula :-
"An increase in temperature was also recorded which suggests the movement of deeply sourced fluids migrating along the fault, which is likely liberating the helium." .....which wasn't the case at Tai-3.
And fifth but most importantly this :-
"In addition to helium, the well has encountered a high concentration of hydrogen in the Lake Beds Formation over a 6m interval. Hydrogen shows continued to be encountered throughout the Karoo section and into Basement."..... again nothing like this at Tai-3.
And fifth but most importantly this :-
"In addition to helium, the well has encountered a high concentration of hydrogen in the Lake Beds Formation over a 6m interval. Hydrogen shows continued to be encountered throughout the Karoo section and into Basement."..... again nothing like this at Tai-3.
So today's significant update is quite literally a game changer and why I expect results from this well to blow the doors off. And don't forget Lorna said in the interview today that the over 20 times shows will be diluted through the mud shows so the wireline logging is likely to show the figure to be way above 20 times.
This therefore would imo confirm Itumbula to be commercially significant on a global scale"....
Agreed, and clearly drizzy doesn't understand sentiment and market mechanics.
Otherwise they wouldn't have sold HE1 below 0.30 to buy ENET which then tanked before close.
Strong day tomorrow here, but don't worry drizzy, we'll pop over onto the ENET bb just to keep you updated LOL
Difference straight away with Itumbula as opposed to Tai-3 for starters is that Tai-3 experienced up to 6 times elevated helium shows in just Lower Karoo and basement targets compared to Itumbula which demonstrated OVER 20 times elevated helium shows in not just Lower Karoo and basement, but the Lake beds formation and Red Sandstone group.
Also note the word consistently was used which wasn't at Tai-3 :-
"Elevated helium shows, over twenty times above background, have been consistently measured"
Secondly, they state they encountered frequency and concentration across all encountered zones at Itumbula as opposed to Tai-3 where they say they encountered increase in frequency and concentration at depth. So straight away it sounds to be like it could be much more highly charged than Tai-3.
Thirdly, we know of the problems they encountered with drilling there which has led us to here, and today's RNS reads that everything went to plan, no issues were reported.
Whereas at Tai-3, they encountered a fracture while drilling into the basement, with losses of drilling mud etc etc.
Fourth, they encountered this at Itumbula :-
"An increase in temperature was also recorded which suggests the movement of deeply sourced fluids migrating along the fault, which is likely liberating the helium." .....which wasn't the case at Tai-3.
And fifth but most importantly this :-
"In addition to helium, the well has encountered a high concentration of hydrogen in the Lake Beds Formation over a 6m interval. Hydrogen shows continued to be encountered throughout the Karoo section and into Basement."..... again nothing like this at Tai-3.
So today's significant update is quite literally a game changer and why I expect results from this well to blow the doors off. And don't forget Lorna said in the interview today that the over 20 times shows will be diluted through the mud shows so the wireline logging is likely to show the figure to be way above 20 times.
This therefore would imo confirm Itumbula to be commercially significant on a global scale....
it's ok, drizzy the d1ck loves a good ramp. it's just a shame they constantly cross ramp the he1 with enet but don't like it when other's do the same on the enet bb when they stated earlier on the enet bb :
"stop trying to spam the bb" lol
shall we head over to the enet bb drizzy and do the same that you're doing here?? :)))
looks like you have a dilemma drizzy, as you clearly sold out of here early afternoon and put it into enet, only the problem for you is enet started to tank towards the end and he1 started to rocket again lol
karma is a ***** isn't it drizzy.
basically you are hoping this tanks tomorrow. problem for you is that all investors now know that not only was today's update seriously good and a potential game changer, but they also know that in the next few days we can expect to get further updates on the wireline logging and dst on the well which could prove that this well is commercially significant on a global scale.
so this should in theory not only hold up sp wise but should also continue to head north in anticipation of good results.
all the language used in today's rns would suggest that we are in for one hell of ride. lorna knows it too and you can just see the excitement on her face today in the interview!
so good luck getting back in tomorrow drizzy for less than what you sold earlier lol
I think personally HE1 have really hit the jackpot at Itumbula. Tai-3 was a good start and yes we've had to deal with short term pain to fund this drill but this really looks like a game changer to me.
Raising in the current markers is not easy and HE1 were severely punished for the 0.25 raise BUT if this drill turns out to be as good or better than what we hope then there will literally floods of offers from big players wanting to farm in and fully develop this or even a bidding war to buy us out!!
I would imagine it would be pretty positive over there. Usual volume there is only 200 - 300k, if the volume is 1 - 2M plus then that would also be a good sign.
The other really good part of today's update is the presence of elevated hydrogen which wasn't expected and could be of HUGE significance along with the elevated helium shows.
Let's not forget those helium shows in the mud showings will be diluted as LB said in the interview today so the data they get from the wireline logs is likely to be significantly higher !
tbh onbeyondzebra - i honestly couldn't be bothered to check your history, but i know people like you who **** off the company even when they drop good news and then claim to have made money somehow even though we all know you missed today's update. you actually are a bit of a d1ck aren't you? lol
"Why can’t folk be happy that some people are making money here"
Because some people (nudge nudge, wink wink Onbeyondzebra, John Henry et al) are sore losers that missed out on today's update LOL
True, we were expecting some update by tomorrow at least but today's update is by far and away better than we could have hoped for!
The bod have definitely redeemed themselves here, plus we have more news coming in just days with developments on the wireline operations and drill stem testing :))
One thing significant in the interview is that she said the elevated helium shows are actually diluted in the drilling mud, so the wireline logging and testing imo could show even more elevated levels. Plus just 7-10 days testing timeframe they are looking at, so news rich period right now.
They confirm it is a very exciting development today and that the elevated hydrogen shows were a nice surprise :))