Member Info for Northman1

To be honest I think thule is irrelevant, Bluejay seem incapable of getting Dundas moving which is far more advanced than Thule with a bigger resource. If/when Bluejay get that moving the I would think best we just sell our resources to them rather than trying to compete. For us Greenland should be all about the Graphite, that imho is where the Greenland resources should be mainly aimed

Remarkable rise on no news? Its been undervalued but still seems a bit surprising

Wonder when we'll get an update on the Cyprus venture presumably that testing/sampling should be well progressed by now

For the less educated among us (i.e. me) regarding hedging I understand that its basically fixes the price that we sell or gas at, so as it happens we have missed out due to the increase in gas prices but I am unsure how they work when a producer fails to produce the required commodity. Does the producer have pay the difference at the hedge price? or does the producer have to pay to cover the difference at the market rate? Are there insurances that can be put in place to mitigate such risks?

I'm honestly confused about this whole saga. MC has been going on about proving up an entire district and has been continuing drilling to do this, bought a mill etc I presumed to setup a mine. Now out of the blue we're getting shot of it. Maybe Jim has gotten bored or something but his average must be well north of current share price so why is he willing to take such a loss after all these years of waiting and supporting the company.

Can someone tell me the formula to convert these flow rates to cubic feet per day

They wouldn't manufacture a drop for such small purchases as the directors bought

Its a start, but a token gesture. They should have been buying with their own money back when it was 30p so they could be feeling our pain.

Have Dan Betts and co ever received their share bonus's? They seems to continually fail so I'm assuming not and obviously they have barely bought any with their own money

sorry I wasn't referring to today as d drop I was referring to the last week or so. Warrant selling makes sense.

So we are exceeding the hedge (although late) so presumably making a profit on the hedge price? In addition we have excess production being sold at the current high price so why has the share price dropped? In addition possible increase from the new drilling.

Is the well they intend to sidetrack that close to the producing wells/plant that they would need to shutdown. I assume there are fairly big distances between well heads?

OK possibly some stupid questions but here we go. The RNS stated that one well was steady at 4.5 mcf and the other 4 mcf. so presumably this is a total of 8.5 total?
I know we are still working up but as we are currently running at just over 5mcf do we need the second compressor to be able to utilise the 8.5mcf? or what is it that the second compressor gives us?

See the market makers are still playing silly beggars with the share price to get in the bulk deals. Amazing its legal

So if one well covers the hedge(pays the loan etc but low sale price) presumably the second well will be the one we can actually capitalise on the current gas price with? or am I miss understanding?

Any results would be nice, honestly baffled why they aren't getting on with the sands projects

Well after another day of love on the board I guess we'll all have to wait till next week

Weren't we supposed to be getting an update 'early' this week?

Just wondering is the flare they tested yesterday with the live gas just a safety valve effectively? I assume we would never actually want to be burning the gas off rather than piping it for sale?

The graphite has always been the high value target for Alba I was a bit miffed they gave it to Greenrock they should be all over that target its potential value to the battery makers is vast. Also its on the coast so easy to ship off for processing