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After the literal decimation (and then some this morning),it would be nice to see it back in the 30s at the bell today just to restore a bit of confidence.
Plenty of upside if manages to get to production without diluting itself to death.
Possibly kore potash. KP2
The immediate share price is anyone’s guess. In the longer term it’s only going up ( disasters aside). If you buy now and it slips back just ride it out.
if it helps, i found this rather vague explanation.
All types of transactions listed under Article 12 of this Regulation and which do not contribute to the price formation.
Anyone know of the top of their head how many CB,s are outstanding .?
and they tend to close out en masse when the sp moves . . . up !
The mine just had a mention on BBC Look North regional news at 08.30.
Not be sensible to drill out a new well when the end result is expected to be favourable ? Surely a new one could have been drilled and put on production in the time it has taken to discover all of the unknown obstacles in zardab !?
Bob sounds like a bit of a knob. You are a share holder, obviously you are not one of the decision makers but a shareholder nonetheless.
....of this months ago thankfully. Really hoped this would turn around for people but GSR is corrupt as hell. A PoX on you Gsr management !
Found this explanation somewhere on the web.... There's no empty spaces left behind after oil extraction. The oil is in microscopic gaps in the rock. The grains of material that make up the rock are irregularly shaped, which means there gaps inbetween them called pores. Other "gaps' might be fractures or fissures. The pores and fractures connect to make a network, so the water can flow through the rock. In general, these gaps are filled with water; at depth this is brackish and undrinkable. When oil is generated underground its is less dense than water, so it floats up through the pores and fissures. Some oil gets to the surface, but some might get stuck below a rock layer that doesn't have small pores or fissures - like a clay, for example. This trapped oil is like a bubble. The drillbit goes through the "trapping" layer, into the bubble, and the oil can flow out into the borehole and up the surface. As the bubble shrinks, the water pushes back into the spaces where it was. There can be some subsidence as Christian Bergland comments, but that is more because of the change in pressure, as opposed to the oil being removed. This usually only happens when a very large oil or gas field is produced for many years. TLDR; There's no gaps left behind, water flows in to replace the oil. The change in pressure can lead to some subsidence over a long period of time.