Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You didn’t seriously expect an RNS about Coho and the EIA the first minute of August did you Scott?
I’ve given up on getting excited and checking for a morning RNS, just led to disappointment and anger. Now I just figure nothing is going to happen for a few months and maybe I’ll be surprised along the way.
In the mean time we have the SHAG, and the pending response from a long list of questions sent in.
Don’t forget to post more questions in the appropriate channel for the next round. Would be nice to get some more financial and geological questions.
“Represent” is maybe the wrong word, as anything like a formal action, if there were one in the future, would have to be confirmed again with those in favor of said action. But you could say that the Discord group holds or is in contact with over 26 million shares now. Only about half have stated what their holdings are either in the individual holdings channel or to me by PM, so the actual figure is likely higher. There could be people that joined that are not holders, but I don’t know why that would be very interesting.
It’s not a blank check to mean something and think everyone means the exact same thing, but it certainly shows a strong interest in having a group that could be organized towards an action. A labour union doesn’t go on strike everyday, but they are organized to present their interests towards management in a friendly way, but also to strike if the need arises. So, we’re an owner’s union without dues (fees for those who might not be familiar with that term).
Another use of such an organized group is if we ever get into a hostile takeover situation, and we have enough backing, it might be enough to not let them force everyone to sell. Better to have the group before the situation arises than to have to scramble at the last minute.
There are no secrets, don’t have a lodge, no sacrifices or drinking of blood. Drinking of Kraken is encouraged.
Maybe you don’t quite understand what Discord is, and how good it is.
It’s not a social media platform in the sense that you think. It doesn’t function at all like one. I like or do social media either.
It was made so people could talk to each other while gaming, but you can write text and add pictures, files, etc. there is no personal data they are fishing from you like Facebook and others. I suppose they can see when you are playing a game or what groups you might be in, but there is little value in that. They do not sell data, the business is based on paid subscriptions and paid products of which you need neither for the TXP Discord. The communications are also encrypted to some degree.
The format is accidentally perfect for a stock group, and it’s very good for the voice side of gaming and closed groups of individuals.
Check it out, you can always delete it if you don’t like it. It is way waaaaaay better than these two forums we read.
https://discord.gg/b87w76xC
Put your holding in individual holdings channel or private message me if you don’t want to put it there.
For those of you not on Discord, a long list of questions sent to Paul today is posted there if you’re interested.
We will most definitely be going deep, but we need to get the shallow on production first …….
Great initiative, but the current General Manager should be demoted, and an Expat with a lot of experience brought in as General Manager. Current General Manager can be his assistant, bring him coffee and stufff.
Isn’t that what you asked for for Christmas last year Smasher?
Did you read the last article where he was quoted? Can you understand what he is saying?
Do you remember seeing him in the videos?
The guy needs to be replaced.
Having a general manager that is not local removes the good old boy and temptations for corruption in choosing contractors to build stuff for us. I am not happy at all with the speed and quality of what has happened on the construction front in Trinidad. Maybe we have the best there is in Trinidad, or maybe we have somebodies friends?
Not saying this is the case, but we need someone that can actually string a sentence together, can project manage, can give Paul reliable estimates of timelines, and isn’t easily corruptible for awarding construction contracts.
It’s quite simple really. We need oversight over the local content on the ground in Trinidad because they have shown several times now that they can’t get things done on time, and to the level of quality that we desire.
Fantastic News this morning.
Now we just need to get gas flowing through the Coho pipeline while the EIA is being worked on. I think the new appointees will be able to contribute to answering the EMA questions for further clarification, as well as applying pressure through the back door.
Follow this up by changing out the General Manager in Trinidad with an experienced ex-pat to oversee operations and strengthen the operations department in general.
We should shoot all of the environmentalists. This will greatly reduce the damage they are causing the planet and society at large. Two birds with one stone.
It’s really not that much work at all to hook up the Cascadura well-site facilities Scott. Simple concrete footings, all the units are pre-fabricated, just have to put the pipes in between.
Cut down some trees, build a road …… c’mon.
Super Super Simple, like construction 101.
Writing the EIA and answering all the questions from the environmental nerds that have no grounding in reality is much much much harder. They will make stuff up that needs to be answered, while they themselves don’t know the answer because it’s so unlikely to ever happen, or so hard to model what would happen, they don’t have a f’ing clue.
Just look at the global mess we are in now because of these environmental fantasies that are absolutely impossible to achieve. Not enough resources to do I, even if they did allow the mining to happen (which they won’t). Oil is gonna be dead in a few years ….. they’re all smoking crack.
They’re asking a bunch of stupid questions about the Cascadura pipeline, that is gonna hook up to a much BIGGER, and much LONGER pipeline that is running through exactly the same forest and environment as the little one we need to build. How in the world did they manage to build the big one? It runs across the whole f’’ing COUNTRY, from corner to corner.
If you look at a map, there are f’ing pipelines all over the country. There are probably more pipelines per square km in Trinidad than any other place in the world!
Son of a bit ch these people are ******ed.
There is now close to 15.000.000 shares people have highlighted in the Discord.
Yesterday’s release of the EIA letter is only more reason to call for change to the TXP organistaion. It shows a clear lack of understanding of the initial EIA requirements, and a lack of understanding of the responses the agency requires.
These questions won’t be answered in a day, or even a week. It’s quite complicated, and will require some serious work to get clarified. Hardly what you would call crossing t’s and dotting i’s or changing the Latin names of animals.
On the bright side there were no special frogs blocking the entire project, but they’ve gone pretty hardcore on the fire safety side of things, and what a leak and consequential fire / explosion would do to the surrounding area.
TXP gave them lazy responses to crossing waterways. LAZY LAZY LAZY
The CEO and upper management aren’t doing a very good job of anything lately.
Oops
That being said, in Norway, a cleaning lady has to wear a harness and clip in to wash the stairs working for Shell. I was in Nigeria and observed oil running out of a truck onto the quay into the river. I shouted down to the guys to shut the valve that was leaking, they don’t move. I shouted to them again, they turned their heads and looked at me. Shouted again (was aways away from them and it was noisy), and pointed to the valve, they reluctantly went and closed it to stop the leak.
There was a Shell rep on board as they had the vessel on-hire, and I went to tell him. He was talking to the vessel owner. I interrupted the conversation and said there is an oil leak on the quayside. They kept talking. I interrupted again, there’s an oil leak on the quayside and it’s running into the river. He said ok. AND THEY KEPT TALKING! I said it one more time emphasizing that there as actually a lot of oil running into the water. NO REACTION. Shell didn’t give a flying f about oil on the quay, or in the river. Same company, different jurisdictions.
I went down to the quay to take some pictures of the oil alongside the ship. Was later on the bridge and showed one of the guys up there, and then I looked out at the river. What I maybe thought was shadows from clouds earlier, or never really saw it ……. The whole river had oil in it.
The guy on the bridge went on to tell me about how they see bodies floating by sometime, and the people that steal diesel in the middle of the night. They fill up the boat he said. Like a bunch of cans I said, No he said, they just fill up the boat as much as they can and drive off. So the dudes have small boats with outboards and they sit in the diesel they fill up into the boat and drive off.
They were building a heliport on the quay to the airport, so they could stop doing the drive. I did the drive twice, and stayed in a hotel as well. It was almost like a prison for security, but somehow full of prostitutes. Sketchy as F, the whole place. Port Harcourt, as an ROV pilot told me as we were standing outside the airport waiting for our armed escort “train” (I’ve never seen so many machine guns on guys in one place as outside this airport, and I grew up on military bases), the ROV guy says, welcome to the as hole of Africa.
Don’t go there, “why you go there?” a Nigerian guy said to me on the plane to Lagos, he said “I don’t even go there”.
But anyways, you can make it hard and you can make it simple, or non existent. Some middle ground to do things right without too much overkill is the best. Paul said 1600 pages. This sounds like overkill, and is the governments fault for letting it get out of hand. Trinidad needs to streamline processes, and get the rubber stamp moving. It’s costing them money, and it’s costing us money.
Things like the EIA and HSE which became HSEQA are only as difficult and time consuming as you want to make them. HSE initially solved many problems in the oil business, and then when the problems were solved, the people that worked with it had to find new problems to solve in order to have a job. Eventually they had to start inventing problems to have a job and the complexity and costs that these systems have created is absolutely ridiculous. It takes soooo much time and requires documenting things that takes longer than actually building or doing the things the documentation is about. You would have to experience it personally to understand literally how stupid is has become.
That being said, in Norway, a cleaning lady has to wear a harness and clip in to wash the stairs working for Shell. I was in Nigeria an observed oil running out of a truck into the river
You are listed in the group ….l sent you a message on Discord
9 million shares with a bit less than half of the 87 discord group members reporting holdings.
Please post info, articles, links etc you have in the various channels by asset. The discord is like an encyclopedia, and should be an interesting place for new shareholders to visit, as well as a library for us.
Thanks
But that’s enough about it on the two forums, let’s take the operational discussion into the back room on Discord.
The numbers are why we are all still here at all, and the reason I personally am not leaving.
An accountant that guides high and returns low gets shamed. An accountant that guides low and returns high gets shamed.
The accountants job is to guide correctly, and doesn’t get off the hook producing exceedingly high profit either. It shows a lack of understanding and control.