I can understand and to some extent feel the same but believe the industry view the situation slightly differently..I suppose it really depends on the interest from other players and given that many of the majors are looking for hydrocarbon projects it may not be as desperate a situation as you paint
it be way off the mark to suggest 25p for the TE 5 Horst plus 2p for every Tcf unrisked gross gas ..say the 20 was discounted to 15 this would potentially get us to a figure of 55p with a free run in Sidi or am I in cloud cuckoo land ?
RE: pleased with rns this morning22 May 2019 08:52
Possibly a bit harsh..clearly there is gas and somebody with deep pockets that can afford not to have to depend on 3 drills to prove it up will find it. As has been mentioned before even Algeria one of the most prolific producer of hydrocarbons in the world only has a 1 in 3 success rate
Not being funny New80 but are you actually being serious with some of this sh*te you are spouting or are you just miffed because you are like many others deep in the red on this one ? You not so long ago suggested that CH should have offered pis the chance to take part in a raise at 0.8p when the raise was at 0.35p which you could of taken up ..Do you know the difference in costs for doing a rights issue as opposed to a raise through PrimaryBid..probably not but primary is the most effective economic and quickest so when you suggest some of these things you just sound stupid..as for the debt funding and your point about CH telling lies do you understand how these things work or are you just ignorant ..as we all know for the plant to be built AST needs to be producing a considerable amount more gas than it is at the moment and any lender would want to see that demonstrated over a reasonable amount of time and obviously the issue over the permits has thrown a major spanner in the works , but then anybody with an ounce of common sense would know that so I can only deduce you have none and along with it any credibility in what you post and I would advise anyone else to treat what you say with a pinch of salt
Haha you are so righteous..you are not telling me anything I did not know and I along with everyone else here knew the risks ..if you were one of the non invested arse*oles coming on here telling us we told you so fair cop but there is nothing like hedging your bets is there..hindsight is a wonderful thing but do you really think pis who have been invested for years hoping for a positive outcome when most indications pointed to that would sell out on the eve of potential company making news because some tit on a bulletin board who spends most of his time spouting cr*p about his brother farting told us to exercise caution !! Jeez
with todays news .. was really hoping obviously like many that TE 10 would be commercial and we would be up for sale. However think we are now a long way from that but will have to wait and see what the plans are..one thing I questioned and indeed somebody asked at the Balls event was how can the well be described as a discovery if it is not commercial and JP was clearly irritated by the question and almost incredulous but whilst data may be gleaned from this drill it ultimately goes down as a non commercial duster and not a discovery !
New_2 ..So can you tell me if and when you get CH removed as you would like where is his replacement going to come from..someone in your mind who is obviously more qualified as ceo and clearly someone who has a good knowledge of the area who can get AST up and running and profitable ..also on a salary of £100k as you suggested..can you please have this replacement lined up before you vote Colin out please
I do not think these big mining companies enter a new country like Ecuador on a whim..before they invest they will have done sufficient due diligence and what better place at the moment if you are looking for a monster project with beneficial infrastructure than what Solgold have..think it is only a matter of time not if but when
is Cornerstone..of course market probably anticipating the dilution if Solg successful in taking them but what may surprise is another miner entering the arena and bidding for cgp which would certainly propel the sp forward but until the next corporate move think we could tread water
Lol probably did not word that very well which is very irritating sorry but what I was actually commenting on is that in the RNSs on TE 10 tests they have stated on 3 separate occasions that 'they are delighted' with what they have found and I said one more this week would be very welcome
Hi mike , I do think without any substantial corporate move the market will be in limbo awaiting further updates on funding and I know I have made the comparison with Solgold before but the situation is no different..both businesses are cash hungry and therefore the market will factor this in..it has been nearly 5 months since we had an update on cash balance held and I would not mind betting that we are now below the amount raised in the last round which from memory was about $ 5.4 m A ..I am expecting another call certainly before the year is out unless there is as I said above any corporate move and although I have had a couple of modest top ups am in no hurry to reach my target holding