Member Info for Phoebus

Alternatively Brad cuts a fine figure in the left hand column of this web page. Looks like he's wondering why the SP has tanked since his snazzy presentation yesterday.

DegsyANON. :D

Many thanks Loz786. I'll have a watch.

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Loz786, do you have any thoughts on the ADV flow rate projections. They are suggesting 40,000 BOPD is possible for field development but when the field went off line a while back it was producing at 4,000 BOPD. Is that the increase due to pressure decline and is the projected increase feasible? Perhaps the area produced was fully swept and they are aiming to drain a different part of the field. Thanks.

Loz786, do you have any thoughts on the ADV flow rate projections. They are suggesting 40,000 BOPD is possible for field development but when the field went off line a while back it was producing at 4,000 BOPD. Is that the increase due to pressure decline and is the projected increase feasible? Perhaps the area produced was fully swept and they are aiming to drain a different part of the field. Thanks.

Did you no read this bit? 'I can see both sides of the argument and sometimes it's hard to get the balance right especially short to medium term. On the positive, we should have news of JV roll in a few weeks plus more assays in weeks/months.' 'It's hard to call, but ultimately we should do well.'

We had developments since yesterday so plenty to change the balance of probabilities at least short to medium term.

Agreed. Major liquidity events like yesterday also provide a great opportunity to raise funds.

I did Nap. It's very hard to judge things like this. I can see both sides of the argument and sometimes it's hard to get the balance right especially short to medium term. On the positive, we should have news of JV roll in a few weeks plus more assays in weeks/months. On the negative drilling has slowed from 5 to 1 rig with next ramp up towards end 2021. No JORC is now pending and the lab is very slow making meaning OMI isn't getting the data needed to help them pick the best spots. Brad talks about keeping the balance sheet strong, warrant exercise and $3M for a new venture. We had great news and a good run yesterday, but will it be enough to keep the sails filled? AIM likes news and tends to drift while it waits. We are still up 85% on yesterday's news. It's hard to call, but ultimately we should do well.

Brad said about keeping the balance sheet strong and now he's announced $3M required for this (although not imminent) and I'm sure the MMs and brokers will be only too happy to oblige after the run up yesterday. He also mentioned warrant exercise in the next couple of days. Great drill results, but I find the management style rather frustrating. Pity he didn't wait a couple of days to let the market reaction to yesterday's RNS play out before doing the interview and announcing the new venture. All feels a bit too engineered, which makes me wary. GLA

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However it was impossible to sell at the open and for a considerable time thereafter. Hmm? After today's RNS and last night's comments I have a feeling another placing is imminent. Brad's comments on communication didn't impress me at all. I'm starting to feel like he only cares about the geology and doesn't give a toss about investor sentiment and its importance in underpinning the SP. Quite off putting. I wouldn't be surprised to see him use today's RNS as the justification for another placing. Hope that's isn't the reason why we ran so strongly yesterday. GLA

However it was impossible to sell at the open and for a considerable time thereafter. Hmm? After today's RNS and last night's comments I have a feeling another placing is imminent. Brad's comments on communication didn't impress me at all. I'm starting to feel like he only cares about the geology and doesn't give a toss about investor sentiment and its importance in underpinning the SP. Quite off putting. I wouldn't be surprised to see him use today's RNS as the justification for another placing. Hope that's isn't the reason why we ran so strongly yesterday. GLA

Absolute bell end of a market.

£35M not $35M.

'Brad the Brand'

I've got a field of elephants Lord Sugar. They're literately running towards us.
https://www.youtube.com/watch?v=wJbhxVepEoc

Indeed. Imagine if Leniramp did the talking here. We'd be at 200p+ already. He loves VLRM which has next to no net current assets yet is valued at $35M ... almost as much as OMI at £48M. LOL. Best give him a call Brad. He speaks Aussie.

as cost of carry on gold is dropping.

https://www.zerohedge.com/markets/treasury-yields-are-puking

Not today, but HUT 8 is up nicely since June 30, although NASDAQ is not the reason, this is:

https://hut8mining.com/hut-8-mining-announces-purchase-of-12000-new-microbt-miners-for-deployment-by-end-of-q4-2021

DGHI had similar news and roofed it almost immediately, but the entire gain was gone a month later.

Brad spotted in last minute dash to Harvey Nicks.