Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
classclown,welcome back,,,,,how's great missenden,hope you've viewed crude's video's of Morocco i think everyone came back a bit more positive than when they went,hopefully not long to go now,i cant believe you still haven't got your shares back,let's hope the next sound event is the last.
Glad you got home ok crude,i've been in a little while now & am knackered,i must say it was very enjoyable nice people & it was great loved every minute of it,as for the sound team they where great hosts,i feel very positive about te9 so keep fingers crossed,good luck all it was great.
Tommorow out of Gatwick,just ironing stuff at moment,then down to Bournemouth visit mother in hospital (stroke) then see some friends before they go back to Aus up to London work till about 2am & off in the morning,busy busy busy.
Ian,2 of us at Bristol where talking to Jp in the breakout/buffet room & we mentioned mooncheese & his 65 quid a share,Jp said why not 85 quid a share----both our jaws dropped at this stage,funny but a bit warming you come out with the same.
Sara told me she's flying out of Paris,probably the lady herself that's sent it.
Been thinking Jp has always said this is high reward,C4 energy--if this fails you'd think twice about investing in that & there's Echo/Coro,9 comes in it makes the seismic look more proven than not,a good project done & his four figure quote don't cut it look mouth watering,that's why i don't think 3 quid cuts it.
Anyhow bags packed,got my Aussie sun hat out of the box so let's roll.
A finish later at 31p would unbelievably be welcome,as some have said the fundamentals have not changed & it's plain to see there is a general market sell off,i would not want to be in jp's shoes tomorrow,he will get a lot of flack & i bet he knows it,unfortunately the dragging this out for (as he said) the best deal has been caught up in a market sell off,not a position i would want to be in.
I'll be out there on Monday night & looking forward to it,as for a prospective buyer i think it will be Slb,they have partnered all the way whilst pulling out else where because of a changing the business model & would not want to loose this to a rival,as someone else said thank f--k the weekend is nearly here.
I'm down to go as well & looking forward to it,however i'm now leaving to travel down to Bournemouth my Mother was taken into Hospital last night looking like a stroke---so i'll make a decision on Morocco this week,hopefully it will still be on.
Looking at Coro & Echo they are down,so is the drop here affecting them,also if this does not work out here i can't see investors ready to splash their cash on the future C4 Energy (sound 4) project & i would imagine Sidi if it's floated off would be difficult from a pi front.
So there is a lot stacked up on this,reputations,future projects & current,which is why i'm now more happy to go out on the site visit the old fashioned face to face,,,,,,,a lot riding on this for a lot of decent people.
I was a Tory voter,but i do not trust them one inch anymore,i detest Labour as for the Liberal lot i'll throw them in with the Tories,however i would trust Caroline Pidgeon.
Tories,well my grandfather used to say don't trust them they will stab you in the back,i'm 63 now & he was correct,they are all about money &Cameron Osborne Johnson the vile bullingdon boys prove it,still lets see if any of them end up in the dock with the coming Uber case.
I've lost faith in the political system of these islands & also believe free market capitalism coupled with globalization & free movement has f----d us,just watch the possibility of our investments get screwed to pay to keep these islands afloat because of bent system,rant over.
Can't remember if anyone posted this.
Sound Energy has just obtained permission from the Ministry of Energy for gas production in the Tendrara Permit (Eastern Region). The British company has a production concession covering an area of 133.5 km2. As a result, it will continue drilling five new wells, in addition to the reconstitution of two existing wells (TE-6 and TE-7).
The authorization also concerns the construction of a gas treatment plant, a compressor station and a 120 km pipeline. This pipeline will be linked to the delivery point of the Maghreb-Europe gas pipeline. Note that basic engineering and project design are in progress. According to the company, the first volumes of gas should be delivered in two years. The expected average production is 60 million cubic feet per day for a minimum of 10 years.
At Bristol myself & Simon from Chelmsford where chatting to Jp & I said to him when this is all done will you retire on your reward from Sound,he said no I’m going to do it all again.
Earlier Lelo Gas said company 4 & I think he could be correct on this with us being sold a lot sooner than we thought,after all was it not Jp that said private investors would be the last to know & going out in style.
Just think when us lot are out in Morocco we might have a suprise & something to celebrate,wishful thinking.
I'm going & wonder how many more that post on here or just read posts are also going,but can you just imagine to get out to the site to see the workmen sitting around doing nothing for Jp to say an offer has just been made,hope there is more than one defib unit on site.