RE: Charles COS Analysis29 Nov 2024 16:20
Charles COS means nothing right now, I'm afraid, theyre drilling and testing in the real world. Cos are okay for IPOs. Historic drilling identified low flow rates, which aren't going to have improved in a few decades in-between. And is hex doing an Amsden on us by not sharing an initial, even pre-lab verified, He% for Charles, which surely they will have by now? Flathead at 2.5% will be brilliant if the additional stimulation works in a sustainable way. If it doesn't, they'll have to get the rig back and go deeper in search of the Precambrian generator, which you would query they should have pressed on to find when fixing the Mowry. Lots to like about this company, but the reality is the more they try to derisk Clink, the more the risks seem to be stacking up. I hold in hope, but no where near fully loaded.