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I must agree with ART in that I have always believed mou1 should have been tested along time ago. The fact they are testing it first and if it flows sufficient gas for cng I feel as a LTH I will suffered a whole load of unnecessary dilution as a result of the delay.
By the end of October we will know if it was a right or wrong decision
FWIW I don't think the fact the drill is at mou4 is insignificant we have the funds to test and drill.
If the mou fan flows and the jurassic was positive it would be not a problem to raise for cng with the headroom left and at what would be a significantly higher sp.
Test and drill ihope is the plan
I'm not expecting results next month. I would like prd to update us shareholders when testing is going to start they have the money now. Is the drill still at mou4? I would not be surprised if they planning to drill the jurassic along side
I don't expect any delay to prospectus ìm sure the brokers will have been in talks with the FCA before fund raise that's only sensible. But I hope pg has raised in a panic so as soon as they have the headroom he has got himself in a position to push the button on testing . Despite what some believe he really needs to get it done any delay will be detrimental to sentiment here.
totally with you giddev i was expecting an ops update this morning atleast to give insight as ti why we desperately needed another 3 mill at such a ****e price .
why could it not be raised after testing at hopefully alot higher price or at worst given loyal lth a chance to raise it at a miserable 11p.
needs explaining prd
It still stinks that retail were not giving a chance at 11p they are the "loyal shareholders " but it's done now the very least Griffiths can do in the next day or so is give an accurate breakdown of how it will be spent and an accurate schedule. Not waffle of shortly or coming weeks