If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
Yikes, 36 Bres posts by lunchtime. Is that a world record?
Good to see a whole host of new names. GLA.
Did everyone notice that Bres will be doing more drilling in the near term at Orom Cross?
can someone get rid of this ******* ridiculous thread?
it has nothing to do with prd and everything to do with certain posters' egos.
can someone get rid of this ******* ridiculous thread?
it has nothing to do with prd and everything to do with certain posters' egos.
...but nobody wanted it.
So, the suspension was just down to bureaucratic delays of the audit.
Hoping the best for GMET's fothcoming drilling campaign, but let's be in no doubt, the market is brutal if finance can't be arranged to take into development/production mode, and/or the contained Cu is barely economic to mine.
PXC's update reserve RNS yesterday is a reminder. Now sporting a MC of just £21mn, after 485 drill holes and a 109mn Lb Cu proven and probable reserve estimate, at a 0.49% open pit mineable grade, in a safe jurisduiction, Idaho.
Exploration is one thing, but development quite another. GLA.
We need a NASDAQ listing.
OF is such a coherent speaker, who has the ability to allow a layman into his professional life and much better understand the geological set up here.
If I was the interviewer, though, I would have asked with all the focus on a porphyry-type target, shouldn't GMET be regarded as much as a Cu play potentially, as a Tungsten play.
And I would have asked, knowing what you know now about the magnetic inversion and IP anomaly at Porphyry South, what is the chance that it is NOT a Cu-W rich core deposit at depth.
Is this the AAL effect, the NvS CC effect or the FB effect?
Pardon me for asking, but if the geological terrain at Guercif is so blinding obviously on a scale equal to the biggest previous N African finds, why on earth hasn't at least one supermajor been crawling all over it, with success, with their combined manpower and scientific resources?
From now on, I'm switching off until PG issues those long awaited transformational flow test and MOU-5 drilling RNS(s).
Nothing else really matters.
TR-1 notice incoming with that exercise?
Hi Jimmy,
Do we know if Chariot wil be using 2 7/8" guns or the 1 11/16" guns that PTD used unsuccessfully in their rigless testing of MOU-1 and MOU-3 Sands? PRD in their last presentation did make the statement that the 2 7/8" perforating guns weren't available "due to retention by another operator". SDX, or CHAR?
Also, do you recall the netback/mmcfpd to PRD of a 20mmcfpd CNG operation, so we can work out the EBITDA for CHAR for a similar sized operation, on a success case in this drilling programme? They don't make reference to it in their latest presentation.
I found the Chariot Loukos webcast dated March 2024 to be very informative and underplaying the upside possibilities onshore.
Chariot has 3D seismic over the initial drilling area covering Gaufrette and Dartois that represent just 10% of the total onshore licence area. Even in that initial 2-well drilling area, Chariot has a range of resource estimates centring on 46Bcf but with significant upside potential on deeper drilling and enhanced seismic interpretation over legacy datasets.
Chariot regards this as a "rapid commercialisation opportunity" for a CNG and/or pipeline to the local Kenitra market which offers high gas prices for supply currently. They assign an NPV of $3-5mn per Bcf for this gas, which means that this current drilling programme could validate the entire MC of Chariot in a matter of a few months from now, with all the rest of the Loukos play, AND Anchois in for a free ride!!
Of course, it's all subject to flow testing, ha ha. Let the games begin....
My mistake. I apologise.
From their appointments to the bod in Sept 2017, the shares issued have spiralled from 1.18bn to 10.2bn.
Again, quite some feat.
Just checking in.
Well that's quite some feat for our dynamic ex-City duo. Supposedly adding value over a full cycle - acquisition, management, disposal of low-risk, near-term projects - in fact Oza and Williams have done the exact opposite, to the extent of 90% value destruction.
That's quite some feat.
What next, I wonder?
They won't care as long as they get their director emoluments. That's AIM for you.
Thing is, Swindells and the other board members own only 0.33% of the DELT shares between them. That's hardly what you might call incentivised, to make this work.
It's all about Other Peoples Money.
So, would they care that much if the equity dilution of this imminent placing is on a truly HE1 scale massive?
By the way, I saw that OF gets a salary of (only) £70k at the outset. I like the cost consciousness of this operation. If he and his team pull this off, they deserve every share option they are awarded.
Hi Tray556.
Thanks for the link and I get that.
I am still puzzled, though, as my mind wants to reconcile the stated 18.42mn warrants with Section 12.13 where the warrants were issued on a 1 for 2 basis on the 24mn Placing and Subscription shares issued.
Anyway, whatever. The full amount exercised will be known in a week's time.
OMG, the perennially depressed LTH is at it again, I see.
Beats me why he is still here, year after year, spouting the same downbeat claptrap.
Better to move on and make some money, if that's what he really believes, before his time endeth.
Just saying....