Member Info for ProcessGuy

JRjnr: "Years of experience in oil and gas..." Would your nom de plume be a Dallas reference ? Just curious . Thanks for sharing your thoughts.

List of trades from April 7th amounts to 19M (or 19/537 = 3.5%)

30th 1,750,000 @ 2.56 (16.36)
29th 1,000,000 @ 2.575 (16.37)
28th 3,000,000 @2.504 (16.37)
27th 500,000 @ 2.55 (16.30)
24th 750,000 @ 2.65 (16.40)
23rd 250,000 @ 2.64 (17.00)
22nd 500,000 @ 2.30 (16.36)
21st 1,500,000 @ 2.35 (16.40)
20th 500,000 @ 2.50 (16.44)
17th 750,000 @ 2.50 (16.32)
16th 1,000,000 @ 2.50 (16.38)
15th 2,250,000 @ 2.50 (16.30)
14th 2,000,000 @ 2.4 (16.37)
9th 1,000,000 @ 2.50 (16.400
8th 1,500,000 @ 2.50 (16.39)
7th 750,000 @ 2.50 (16.39)

or 2.4% of the companies issued shares

Same old story, another 1.75M at 2.56.

Sorry, Bid/ASk should read:

38/42 for the 7.2M trade and 38/40 for the 6.3M trade.

Bright:

7.2M at 0.381 at 10.01AM Bid:Ask 0.33/0.35
6.3M at 0.36 at 13.06PM Bid/Ask 33/35

Sammy: 1.85 to 0.5 is a drop of 73% over the period.

There is a large seller here as everyone has probably noticed; large daily blocks of 1M, 1.5M or 2M shares plus smaller 100, 250 and 500K share blocks mixed in with the daily volume. This has been the pattern for weeks.

"The drop was also driven by a technicality of the global oil market. Oil is traded on its future price and May futures contracts are due to expire on Tuesday. Traders will be keen to offload those holdings to avoid having to take delivery of the oil and incurring storage costs."

https://www.bbc.co.uk/news/business-52350082

Well worth a read.

Developing antibody tests for SARS-CoV-2, April 4th, 2020

https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30788-1/fulltext

Air core drilling on a 10m x 10m spacing was completed on the existing heaps by SML.
From the RNS on the 7th March:
"Assay results from 250-hole shallow air core programme confirms the presence of residual copper in the existing heap leach pads "

Tunisia and an ex CEO ?

19.7M at 1.50 from 09.33 AM.

PG

KP:

Absolutely no difference between RP and AP in my opinion.

Troajan,

"......how long does it take to unmothball a copper mine and get it producing....."

might be a lot quicker than we think.

"It is expected that the excavator work will take 60 days and the irrigation and copper recovery will take 3.5 to 4 months."

Its all in the permitting report plus lots more..

PG

Some permitting info on the number and type of drilling at LC:

"The target commodity is copper (Cu). There are two existing deposits with JORC resources
(Lynda and Lorna Doone) which are oxide mineralisation (predominantly malachite) occurring as
flat lying sheets from surface to a depth of about 30m. The proposed exploration program for ML 5498 for the next 12 months comprises approximately 13 shallow diamond holes and 24 reverse circulation (RC) drill holes. Diamond drilling will be undertaken by MJ Drilling Pty Ltd, with holes drilled to an average depth of 30m. Core size will be all PQ3 from surface. The preferred RC drilling contractor is yet to be determined. The aim of the diamond drilling is to provide samples of the mineralisation for metallurgical test work, geotechnical and waste characterisation studies and confirmation of the geological and resource models. The RC drilling is to test for extensions of the mineralisation, particularly in the area between Lynda and Lorna Doone"

https://sarigbasis.pir.sa.gov.au/WebtopEw/ws/samref/sarig1/image/DDD/PEPR3902907.pdf

plus heap leach trial permit for MoL,

https://sarigbasis.pir.sa.gov.au/WebtopEw/ws/samref/sarig1/image/DDD/PEPRA2810434.pdf

PG

DTN:

Its a gravity separation plant so the key requirement for water quality is to be free from suspended solids, its generally beneficial if it has a low TDS also but not an absolute requirement.

PG

Is the only other place that so many things have disappeared !

PG

AA:

This where the info comes from, not that it matters.

https://panjiva.com/Wolf-Minerals-Uk/38663607

PG

SFS: 30th November 2017 RNS. "Keras currently holds a 217.25m shares in Calidus, which will increase to 723.75m shares as and when Calidus meets certain exploration milestones. It is the intention of Keras to in-specie distribute these shares to Keras shareholders at the appropriate time when this is achieved." PG

Preemo: Yes, the MOU's are non-binding but apart from confirming that the CO is in genuine discussions with off-takers these agreements are very important for underpinning the market size/price components of feasibility studies. Additionally, you need to demonstrate demand before government planning and environmental departments etc will give permissions or licences. I see these, and in particular the second potential customer, as very positive. PG