Member Info for pactrol

Why didn't they instead of drilling for sand in turkey

Ah that's interesting so its nrw who are sabotaging the job with pumping restrictions.

Why so much debt. they reckoned it was going to cost 12 million we seem way past that . can anyone explain why angus has run up so much debt. ?

Tygra very well put . as I suspected were being shafted.

Yes but i can't help thinking this has turned into another lifestyle company for the management.

How come the share price is less than it was before they drilled the side track ?

What the hell happened ?

So when do we exspect to return to making some profit for the shareholders or are the hedge funds going to get it all

Hah psychic ability eh well most of us don't need that to know at some point it going to rain ant take appropriate measures like packing an umbrella. so to not allow for any is unbelievable. especially when they had 3yrs to think about it.

Who were the engineers involved in assessing the pumping rate. and why did they not take rainfall into account. were they incompetent ?

Well if you had followed the news BP & shell i think had just signed a multi billion dollar contract to exploit the massive oil & gas fields in Ukraine . then Mr putin decided he wants it. now do you see our interest.

I pleased to here its not all doom & gloom . but you haven't explained why what the 700 employees are doing it definitely not drilling .

Wow its depressing reading these posts. while i agree sol gold doesn't appear to be doing much if anything. however we are still sitting on a tier 1 asset. the only thing surprising me is at these prices why no one has taken us out, if its just a waiting game and the project is mothballed as it appears to be . then why do we need 700 employees burning cash.

I must have missed something . How is the share price Lower than it was before they drilled the sidetrack ?

Nah next we be having an IPO and donating all the proceeds to the new company. AKA Groc. ?

But we owned it to start with.

That makes no sense what was the point of the ipo then ?

How you mean it went to Groc you mean as a loan or what

Well the share price did rally a little then they killed it selling millions more shares. which I find strange when we were supposed to be fully funded after selling off groc.

They have built nothing in the last 2 yrs ok spent a bit on surveys for nrw but thats about it