Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bob PG and LB are supposed to be well connected industry experts with years of experience they should not be missing every timeline set. And fwiw I do ok for myself in my industry so maybe you should stick to the turnips or whatever you grow
This is why most exploration companies will hire in a contractor to drill for them. Breakdowns and downtime are expensive as pageofcups said. Would have been a great opportunity for he1 to mention any helium shows to offset the impact on sp
Testing to begin in ten days surely the two in charge here can't miss that deadline. Mou3 first good because they have never really wanted to test mou1 because flow rates are important. Anybody who thinks testing is not needs to give their head a shake. If they are going to sand jet later having two teams to come to test will cost more
A second drill was always attractive here I'm only here for a punt but with the sp action suggesting an issue with this drill Is there a reason the second drill is an additional prospect rather than appraisal drill of what they had hoped was a discovery?
Disclaimer I have not watched Al the presentations
Looks like pure speculation to me but it would explain the last poor placing to give some negotiating power because they are in no panic to test mou1. Either way they are going to need to give an update on why testing is not happening
Hi BDT that line says it's "scheduled" that's not a firm commitment to being completed. Later in the same rns he says they don't even have a schedule for delivery of the testing equipment. PRD's schedule's are not worth the paper their printed on I've learned to read between the lines.
Still 12 days left of September to start testing to be fair to PG I can't find anywhere that it was stated mou1 testing would be completed this month.
I hoped they would be ready to go as soon as they got the funds but it's clear they had nothing to move testing forward without a raise. End of October for results