Ncyt at 300 odd from 1100 high, odx halved from their high. Sure they may come back and but also they may tank more. Entry point is god on these. More people get burnt than make 100 bags is the thing to remember, but of course we all use the metric ' I'm special , I know'.
Aside from the medical sector makes the helium sector look luke warm and you have comeption in the same spaces and China. Anyone claiming UK production of a product should be wary , well everything cv19 I have seen has 'made in china' written on it. Lot of work going into picking the stock that gets Govt contracts, well after that first wave of cv19 the govt seem to have smartened up to getting better tendering. Often paraded is 'of course it's a cure for cancer why wouldn't anyone buy it'
Answer being it doesn't work and is unsafe until proven otherwise and there are X number of better projects out there
Thanks Troajan, have to be iplayer, kids have been off with a cv19 case and missus bday today. The strangest of times. But the telly may as well be on the moon for that's as close as I'll get to it right now.
RE: The only thing left to do is…09 Jul 2021 21:35
The hairline more suited to a hamlet cigar than a Alice band. Mid 40s and clinging on, so can't be too bad and anyway the ear hair is happily compensating for the scalp. I'd be keen on hairlines and shaded garden planting ideas
Well that last sentence is interesting. If anyone is interested, there are some good posts on the Canadian board in reaction. I think pleasantly surprised, though awaiting details on the contained word 'significance' to come out https://ceo.ca/dme
They are a direct peer company They are helium explorers. Their investors are waiting on a drill. They are on the 4th drill. They are part of the whole helium story and why the asset is hot. They are referenced often in Helium One reports from Hannam and partners. They have produce helium discovery of 7% and 4%,something like HE1 would be happy with.
It can provide similarities and contrasts to Helium One. It can be of used in discussion of timelines, geology, business strategy, rivalry and the helium sector.
Their last drill looks a dud some people should be aware of the risk in helium mining. There was plenty of discussion on derisking today and/or risk on drilling.
Personally I check in now and again on Blue helium, Imperial helium, royal helium,Mosman and a new one coming First Helium.
I do it on all shares I'm in, I take a look at the sectors they are in to varying levels. I thought I'd drop two lines in case those who don't follow had an interest.
Personally I'd hope they be ready to meet that month deadline. In case all does go well. Id hope they wouldn't be caught short on that and need to add upto another month on the second site. Imo it should be that prep and drilling can operate independently of one another so I don't think the first drill affect basic prep for the second. Shouldn't wait till drilling is over, especially as you don't want lots of idle drill days. Each day is money on that and I'm with DM, I hate wasting money.
Curious about this 2nd hold as well. Be interested to know if all is going well on that ,however we can say that as much local cooperation may not be required as in compensation to farmers and land clearance? Maybe
Dai, I find this hard because I want a calculation i can apply in a spreadsheet, and I'm sure there is one somewhere but a little bit like underwriting in insurance, if you can find two cases identical ,then its a minor miracle.
For COPL correct figures here (as puppy is asleep and the tea i just spilled on the laptop hasn't killed it(phew).
"The deal was agreed in December last year, with the oil price at $39/bpd, before jumping to almost $70/bpd (15 March-takeover date). $2.18/bpd acquisition cost against a value of $7.52/bpd at net present value (10%)"
Looking at that not sure where I have my 15% from, but COPL have so many potential positives and questions/pitfalls I've lost track a little.
Generally Dai, and on that question too of late, bseems to be about 15% of a barrell in ground value for asset pricing. Obviously in ground Wyoming is more than in ground Nigeria. In Copl was 3.62 in ground value when deal agreed but 7.50 when deal closed.
It it a question for a helium metric or another interest?
RE: The relevance of 70m gas show06 Jul 2021 14:54
I think the HE price is difficult to gauge. A western world price vs Chinese price and as consumption is rarely stable year on year its becomes harder to predict and amalgamate into averages. I would think part of China helium pruchase cost is due to its reliance on Qatar LNG by-product, that disappears with HE1 in production. Anyway the pricing is curious, American behaving as a international controller + refusing sales to China the communist party on the open market, whom then buy from Sheikhs in Qatar. Go figure!
IMO its beneficial to have less volume but higher HE concentrations.
I do wonder if CO2 levels will have some impact on the SP too. If reasonably large CO2 numbers arises it's something of a negative, not an insurmountable one, but expectations are for it to be Green and world friendly.
I'd be keen to know if the mass spectrometer gas chromatography machince in the portacabin will give us a whole reading and/or if we get a indicative (pre-appraisal) flow rate. All of these items appeared on the first DME report( I think)