What is P&A? I'm guessing the 'A' stands for either analysis or appraisal and secondly what are the implications of not flow testing? Are you suggesting this is why the shareprice is languishing somewhat? Sorry for the very basic nature of these questions. Cheers MFM.
I saw in a video that the discovery last week was worth circa £700 million for 15 million barrels so if Colter North proves successful too with around 19 million barrels that's over £1.5 Billion or £150 million for our 10% stake, surely that will command a much higher shareprice alongside all the other good news lately?
Cheers Westie I will take a look, I've heard the ticker bandied about. All funds are tied up in other companies atm but if I like what I see I'll put them on a shortlist for when cash becomes available.
I think (over time) a ten bagger will prove to be a very conservative price target. I'll stay as long as this company shows promise. So far I've been very impressed with the management team. I think the BFS will show the value here is compelling. All the numbers look very good to me. I'm not into hyping companies and then bailing for a 10% rise. I'm looking for big returns and I see them here. GLTAH
They state the Bankable feasibility study is on schedule and due 'early Q2' and I think we'll get news on the Vanadium resource before that so plenty to come here. I really think this is a nailed on ten bagger if not more. PDYOR.
Spot on bricks, cast your minds back to just before the fiasco of last year's announcement and there was a real sense of excitement around the numbers to be released. Barring the area that has had to be excluded (possibly only temporarily) those numbers won't have changed.
After delisting and disentanglement from the ASX rules I'm sure the figures will be released quickly and I fully expect a massive rerate from current levels. PDYOR.
I have to admit I'm watching the current pullback with some amusement, it's as if the market has just heard some shocking facts that they had no way of knowing. To my mind the rns about the letter to the ASX was just a statement of fact about the current situation. In fact I actually found it quite optimistic because management went out of their way to stress that funding was pretty much secure as long as we get a PPA agreement and we know the company's preferred route to that end is via a positive response to the RFP. So I didn't consider this bad news, the shareprice reaction was predictable amongst lemming shareholders frightened of their own shadows and unable to hold for longer than a week. I'm very bullish TLOU now more so than in the last six months, make of that what you will...