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Have a good one gogs, enjoy it! And thanks ITV, I'm just a dirty Northerner still trying to understand why fire hot so thanks for the explanation haha I too am off for a week next Friday so hopefully by the time I come back we'll be starting to spud!
Closest comparison I can think of is Desert Mountain Energy. Back in 21 we all looked at them as a 'that could be us' kind of thing, they've dropped since through, from what I gather, poor managing. Went from $0.2 Canadian to $4.40 or so after a few months
Horult is right, seen people raving about this RNS... It literally tells us what we already knew. The civil works done? Okay cool, but A) They already said it'll be done mid Aug so not really much of a surprise. B) We've been watching the progress anyway on Sentinel so we knew it was advancing. C) They said it was 85% done 2 weeks ago so again, we knew it was nearly done. It's nice to have another box ticked, but this was an almost guarantee. The real issue that few people seem to realise is that we still don't have a rig crew. I'm sure one will be sourced, but that is certainly not a given. There's a lot of variables that could stop us here and unfortunately this issue wasn't resolved in the RNS and so why would the market care?
The market atm wants:
- Confirmation of no placing
- Confirmation of drilling crew
- Confirmation of drilling licence
- Confirmation of rig ready to go
- Spud date
Get some of them ticked off and we should hopefully start moving up but frustratingly, we are in a serious rut with this SP. Maybe with a no placing and a rig crew confirmation it might just be enough to push it out of this area and maybe then we can move on up
I wouldn't call it ramping more of people getting excited but also having an expectation that it should reach 20p on spud (which.. it should). And true, for a lot it is a long term play I think I'd only start considering selling around £2.50+ if it everything goes well but for others, it isn't so I can understand that some are wanting the SP as high as possible now so in theory it's higher post-discovery. Tbh, I'm disappointed by how the SP has reacted and would love it to be knocking on 20p again because it'll be nice to be rewarded for my patience over the past 2 and a half years even if it would be only a paper profit
Personally I'm not sure whether Skittish has got it right on that one D66. To me, it's the opposite way around and black smudge you can see on the satellite image is the cellar. Looks to me that you can see the access road behind the digger in the HE1 picture which would also make sense in terms of the rig finding its way in to position (the road is angled so it would just have to drive in, turn 45 degrees to the left and reverse back instead of doing a 180). I could be wrong though. Always great work from him though nevertheless
Exactly Bladderman, why the SP is so cheap is baffling. As I've said previously; already heavily de-risked, massive prospective resource even just at Tai, better rig, better understanding of the geology, more accurate drilling location, increase in prospective resource etc etc. I mean we even fully own our own rig now that can be leased out to other companies haha. Once the drilling team get confirmed and it is 100% going ahead and we start getting other bits of information regarding milestones then we I think we should start hitting 20+
There's no way that the SP rises only another 2.5/3p given the amount of news and excitement there is to come. IMO the thing that's holding the SP back at the minute is the drilling team contract not being announced/finalised. Once that's been done and the Tai-3 drill is 100% definitely going ahead then we'll see it moving on up. Personally, I would've expected a the SP to have moved up more than what it has so we probably won't see the same highs as last time but hopefully break 20p again. There's more dilution and the economy is a bit different now but as others have said, higher helium spot price, increase in potential prospective resource, new CEO, far better drilling rig that is 100% owned, better understanding of the geology, already partially de-risked, more accurate drilling location etc, would be incredibly odd imo to not get at least close to the previous highs just based off of the positives
Yeah the civils are very much already underway. 2 years ago it took them a month to complete the civils and they're already a month in at least and have used some of the existing works for Tai-1 I'm sure so I think mid-Aug completion is the latest it'll be finished imho
They won't be selling that now, it's an absolutely incredible asset to have. An immense amount of future uncertainty and costs have now vanished. We'll not know the costs nor payments (although I think some of it was paid in shares) but it'll certainly be leased out to other drilling operators
I don't really have the time to properly research it atm but I mean at the present £5 a share would 'only' equate to a £4.1 billion. A lot of money, sure, but not so in my opinion when (if that SP were to be reached) they'd be sitting on $200 - 260 billion worth of helium (prices of $450 to $600 per MCF). Bearing in mind that operating costs would be incredibly low so the majority of that would be profit AFAIK without factoring in re-investing in new drilling ventures. So, a roughly $7 billion company sitting on a $250 billion asset.. don't know but to me, £5 would sound pretty damn cheap
I am hopeful for a repeat of last time. Hopefully an initial jump to mid 7's after a couple of days at most and then a slow but steady climb up to around mid to high teens prior to spud, then hopefully a bit over 20 during drilling close to announcement
I'm not wasting my time explaining it. We all know and so do you the game you're trying to play, you're literally fooling nobody and wasting your time. The information is all there plain as day, we literally have barely a thing to worry about. From now til early August, this will probably be the easiest money you'll ever earn. Sit back and wait
Just a warning folks, this is just Aligator twisting the truth yet again. They've already said the rig contract is being signed and is probably awaiting the completion of the repairs for the signatures and they've also already said that the rig is going to be mobilised at the end of the month, still very much on track for the Q3. No updates since there's nothing to update, we don't need updates on every little thing that takes place. Yet again, literally nothing to worry about whatsoever. Everything is still on track, both parties are fully funded, the rig contract is in the process of being signed and the rig is receiving simple repairs before it's mobilised at the end of the month. Carry on guys, ignore this post