Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
still has legs? It was crawling earlier, now just started to walk, yet to run.
It was 13.1p on anticipation of R1/R2, so I will say long way to go/run ;-)
https://www.proactiveinvestors.co.uk/news/details/211881/anglo-african-oil--gas-eyes-upgrade-to-production-at-tilapia-as-tlp-101-well-restarts-211881.html
From above:
Broker hails latest good news
FinnCap described it as “another fillip of good news” and highlighted that the TLP-101 cashflow supports the company as it continues to look for alternative financing.
The broker also highlighted upcoming potential catalysts, analyst Jonathan Wright said: “Next up, likely in short order, will be the results of the wireline logging on the various zones encountered so far with TLP-103C.
“The market will be looking for confirmation of better-than-expected net pay in the Mengo as well as more detail on the reservoir quality for that and the newly encountered zones.”
Agree, good to hear about increased production.
I thought they won't work on them till 103 is finished but great to see RNS on them and now producing 55 bopd when I thought currently producing none. And further better news that they can produce 400 bopd.
looks like that most likely logging results will be on 7th Jan:
https://twitter.com/AIMlistedstocks/status/1079698203824611333
I can understand your position, thnigs could have been different as it was at 13.1p in anticipation of R1/R2 at one stage, but hopefully after wirelogging it will get further boost and Djeno will change everything.
https://twitter.com/AIMlistedstocks/status/1078590260903317504
Thanks, that's good to hear.
Forgot to mention earlier that it was based on 10$ per barrel basis at 56% interest i.e. 50m (30p) - 290m (179p)
and 5$ per barrel basis, half of that i.e. approx 15p and 90p or so.
Though it has slightly bit more shares now.
Looking at my old notes
Mengo - 30p
Djeno - 180p
So looks that no desperate need of money. Anybody has any more info from meeting?
https://twitter.com/Alexios1201/status/1074628131602993153?s=09
Indeed and I guess after meeting today SP will move more north once people get more comfortable, anybody here going?
Hopefully update by Monday, in one of the interview Sefton said that R1/R2 is nearly given but they can't say it is 100% due to nature of drilling but as some posts says that there are no issues in drilling so I am hoping for +ve RNS on Monday.
sorry gmcc, didn't realise you already posted that.
Yes, it could be Tuesday, looks like it is raining heavily there
https://twitter.com/sadaatumar/status/1071714652755763200
"Drill is slow due to heavy rain and will hit target zone tomorrow. RNS is expected during the market hours tomorrow or otherwise Tuesday Morning. SMP is drilling slow during rain. Time to get more shares before update!"
100m per day looks reasonable, at one stage it was mentioned around 10m per hour.
Sorry meant to post following earlier:
https://twitter.com/GrannySnuffer/status/1071344140716310528
https://twitter.com/Jones1996a/status/1071359372423503872
https://twitter.com/search?f=tweets&vertical=default&q=%23AAOG&src=typd
https://twitter.com/sadaatumar/status/1071322318851448832?s=19