Member Info for Morningsun

Sandy, I'm afraid the RNS doesn't actually state the swiss bank DD is going 'well'.
This is what the RNS does state:

"Due Diligence with the Swiss Bank is progressing."

Doesn't say whether it is good or bad or slow or whatever, so in essence it's one of those useless statements again.

MS

GT, Friday is a day off in the middle East, Saturday, Sunday and this Monday in the UK so that is already 4 days gone. Realistically it's then only 2 combined working days since the announcement.
MS

Careful Irish as Woody will get you if it's not true
LOL
MS

Tinlode, I can't find a link in the thread to the Swedish report you mentioned. Can you post please?
Thanks
MS

And don't forget MM that they will likely use the Telfer Lab for the assays. That shaves a lot of time off the production of results compared to GGP's HV results last year who had to truck all of them to Perth and then wait in queue with all the rest of the cores of other explorers. Hold on tight.
MS

Well DB, you can put a negative spin on everything. Bottom line is we are still 8% up at the end of the day and I take that any and every day.

MS

What a load of t@sh. Who cares. Beetham has said many times he is not selling. Now either you believe him or not but ffs get over it. If he is selling he is selling and there is nothing this innuendo discussion is going to change to it. Means nothing to me. He has the same info as we do. He has the same choice as we do, sell or hold. He said he is holding and so am I.

If you really want to have an inside track you've got to move your @ss and get a job on the rigs or the lab.

Now move on.

MS

Well PG, there you have it. GH just confirmed that NC have 2 rigs drilling on HV.

MS

Indeed, they will use their own labs PG. Why waste money to get the cores to Perth when you can do all the work at home and to your own schedule. They wouldn't want to wait for anyone else's cors to be analysed.

They will want to fail fast if it is going to fail at all and that seems quite unlikely so I'm expecting a lot shorter timeframe than last year's campaign of GGP.

MS

Ah ok PG. Good point.

Anyone any idea how many drilling rigs NC have then as I believe they were planning to attack this drill campaign agressively. So might be over a lot faster than when GGP were doing their drills there last year.
MS

What I like most about these announcements is the continuous mention of the word 'initial' right in front of the 10,000m drilling campaign.

Clearly the intention is to do more. I know it's obvious from the JV deal but I like reading it every time.

MS

PG, isn't that in the message. 10,000 m campaign to test along strike and depth of 1,000 m. Conclude not much more than 10 holes?

MS

the remaining shares in Acacia valuing the target at USD 787 mln in a share for share deal exchanging 0.153 Barrick share for each 1 Acacia ordinary share.

https://finance.yahoo.com/news/barrick-gold-bids-acquire-remaining-013737168.html

MS

Beyond me Gilo. Why on earth would one spend all this time debating on a share they are not invested in (nor believe in their products for that matter) is beyond me. I guess people have an agenda or just nothing better to do. Not sure which one is more pathetic...
Let's hope we get some good news soon.
The sheikh has to put his finger out as now is the time to forge these non-Straits of Hormus deals.
MS

That must have been a busy day then Hyperal LOL

Of course you do hyperal. Keep dreaming. Does your power come through a special wire? No! It is a mix of power that is at the very best made up of 7% renewables. The rest is just as carbon based as anyone else's. Have a think about renewables when you are at it. Drax sells renewables. From wood pellets produced in the US and then shipped (marine diesel oil....) to the UK. Not so clean after all. At the very least it gives you the power you need when the sun doesn't shine and the wind doesn't blow though.
Renewable energy is a good thing to develop but for the foreseeable future we are going to need the likes Mxo to give us hydrocarbons.

Back to Mxo now.

MS

Have a look at the below links to see what MSCI weighting of their cover shares have done yesterday in Dubai. Two stock jumped by 80% on MSCI coverage while in Abu Dhabi the first abudhabi bank dropped 8.5% on no change from msci. See links below.

https://www.bloomberg.com/news/articles/2019-05-14/dubai-stocks-shift-from-world-s-worst-to-best-in-just-24-hours

https://www.businesstimes.com.sg/banking-finance/biggest-uae-bank-slumps-as-msci-verdict-deals-blow-to-stock

Just saying, inclusion in the index WILL have an impact. In this case I expect positive at this moment as it's an inclusion. It can also change due to the increased exposure and not expected performance if that would happen.

All good for us!

MS

Ok Mitch, I'll play. What on earth are you two doing in an oil stock if oil is such a terrible thing to produce and use? Moreover, read what I wrote. ****ging off oil companies while invested in an oil exploration and production company is just hilarious. Maybe my message was a bit to complicated for you.

If you don't like Oil and it's derivatives fine, but don't try and make money off it either then. That is soo hypocrite. As for my home, none of your business. In my life I have avoided a hell of a lot more carbon emissions than you can dream off, I can guarantee you that.

Do I think oil is the enemy? Not at all. Do I think we should be responsible with it? Absolutely. But at no point do I think it will be a bad thing to produce and use it as if I DID think that I would certainly NOT be invested in this company!

Can you say the same on your high horse?

And as for 8 large solar panels serving 5 flats below, you must be joking right. That's just a rediculous statement unless you have actually switched almost all equipment off. You're telling me that you have also disconnected from the grid, I mean the gas, coal, nuclear and oil powered grid supporting your comfortable live style hence you don't need these oil and gas companies to produce their products so that you can use the power they allow to produce when the sun doesn't shine and all your 5 flats below want to switch on their kettle at the same time during the day, let alone at night.

Get real.

MS

Ticor, I think you are missing the point. Hyperal must be suggesting that he throws away his computer and other powered appliances and does not want to use any further power as currently only about 5 to 7% is renewable supply and I guess he needs that to have the lights on at home or travel to work.
That could work.
Not my choice but it's a free world.
MS

Well Dan, for starters this Sheikh has invested in an oil area that doesn't include the straits of Hormuz. How clever is that bearing in mind he invested weeks ago and what happened yesterday! I already think he is a visionary.
MS