Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
I can understand what you are saying Albinio74, but we have a purportedly very experienced management team who should have some idea about how long these things take. And Alba claim to be "a mineral exploration and development company with a diversified portfolio of mining assets and oil & gas investments." I am stressing the word 'development'. So I would hope they go with the JV/Buy In approach when they need the commercial /technical grunt power.
If they were to focus on some near / mid / long term goals and try to get something to production quicker then surely the revenue stream would help significantly.
Anyway, just my thoughts, not here for an argument !
What annoys the hell out of me is yet again they give no real schedule for any of the mineral projects in terns of actual extraction (assuming the sampling etc goes well). It's like practising to have a baby and then never telling the missus when you think you'll have the hang of it and when your going to take the condom off !
I see nothing wrong with the RNS. It supports what has been said in the past, and is building on solid foundations. In 6 months time things could look a whole lot different (maybe sooner). 3,000+ BOPD, pretty damn good I'd say.
It's strange that people are keen to understand what the issues are and then when they hear a perfectly good honest explanation they slate it. To my mind this hardly seems like the end of the world. They said they need to plug up the section that is producing water so let them get on with it. Then back to the business of producing oil.
Ref the question about objectives...have a look at page 6 of the LT
https://www.lamprell.com/~/media/Files/L/Lamprell-v3/times-newsletter/2018/LTQ4%202018_FINAL.pdf
I'll leave you all to assess what you think of these objectives, and what the purpose of achieving them would be for the senior management.
Surely you still need at least one generator to generate power (or two if you want emergency back up power)....it's just the fuel source which could be self provided (as they do offshore). So I assume there are still generators on site.
Has this turned into a real estate BB instead of a SXX BB ??
Maybe you'd all like to go and create a FB page or talk about your housing/rentals on Twitter ?
Pretty please.
Trying to think about it logically...the continuation of testing means the continuation of oil sales revenue (cash we badly need to put in the bank to avoid further dilution), whether that be K4 testing or the commingled K3/K4 testing. Declaring the flow results would presumably mean testing has been completed, and so no more oil tankers out the gates. So I say sit tight, enjoy the tanker procession, and wait.
I'm not expecting much movement today or tomorrow. Too many people still on their festive holidays (incl the ANGS team !).
I anticipate a RNS on Monday or Tuesday to say operations are re-commencing / have re-commenced and then we should (hopefully) see some upwards pressure.
I'm guessing they couldn't put that in the same RNS as the recent award....due to the nature of the beast, as it were !
No, and that's why I pulled back out...still has to be declared.