Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
What is everyone's perception on SP Growth , we are currently at 30% of pipeline value with no value added for proven reserves plus new awards. Pipeline integrity is almost complete, final piece of the jigsaw will be completed this month IMO. Funding for me is the final de_risk prior to construction risks ?
Looks like momentum is now gathering pace , the pigging malfunction is an irritation but has to be completed to no doubt satisfy contractual responsibilities and indeed Insurance requirements for both IOG , Contractors and potential Funders to obtain a clean bill of health for the Pipeline. Great result on the 2 x pressure tests , pigging successfully completed and the extensive surveys . I expect funding news to follow once the pigging is completed , I don't fully understand why the schedule is delayed if we are completing other activities in tandem ? , anyone any thoughts on this matter ?
Sorry , should be matd
This is very simple , either we have large resources or we don't, a 4 drill campaign has an excellent chance of success , if not we have 50 plus prospects to hit our target. IF you don't believe Mongolia has a large oilfield next to massive Chinese and Russian fields then don't invest . All this drivel about visa and spud admin is short term bull###t , either your in or out excepting the hockey Coney day trader verm8n.
Time for a clear road map from IRR , Its all well to have huge resources but its about time to map out how we get to production otherwise what is the point in having a Ltd company. We were promised a big announcement so let's announcement it !!
Regardless of the 500k buy we are going to increase the SP large once we get pipeline integrity good news. Roll on the posit8ve news and we increase expediently....GLA and Liverpool, I'm a Scot and its half time in CL and I hope they win it ....
Yes agree , lots going on in the background , time to now move it into the RNS arena so we can get some continuity on SP increase , I think there is going to be a major announcement shortly .
Good to see we are finally moving upward , long overdue , here's hoping pipeline integrity is confirmed , for me that's the big risk as imo they already have options on funding and they will be debating the optimal mix , GLA and bring on the positive newsflow , lots to come prior to FID in August
Swest42 That was my take on the podcast as well and it was articulated that news was imminent, all the major players are in IC and with our gold and lithium prospects I was expecting either a jv announcement or as there is a 700,000 oz JORC compliant resource next door that IRR were going to buy in to that prospect , either way I suspect news is imminent and numerous RNS updates due on all our acreage so onwards and upwards over the next few months , hopefully the sp starts heading in an upward trajectory , it cannot stay under the radar much longer given the scale and progress to production.
Sounds like a classic communication faux pax , rig mobilisation is a strict contractual definition in the drilling industry where Sinopec are not on the payroll until this point , sounds like the likely scenario is they all had mobilisation to spud as a 6 week window and nobody deemed to communicate the 7 week window to obtain the visas as mentioned by Mike30 !. Hence the statement spud is LIKELY to be delayed to July. I dont buy into the Sinopec conspiracy theory , they are a global outfit who cannot be sen from a Corporate level to be dishonest and underhand , they have much to gain and a whole lot more to lose by following out with the Mongolian Govt given the vast oil potential in one of the remaining unexplored frontiers , the Chinese and Russians have vast reserves and it is more a benefit than a hindrance if Mongolia has vast oil resources. Give this a few weeks and the next RNS will declare spud in and all the doubters will be caught off guard and come flooding back in droves at a higher entry point , i am holding tight as the long term fundamentals and potential benefits out way a minor admin issue.
Hi GG patience is a virtue , I keep reminding myself ! there should be some licensing news due this Qtr as well but that's all well and good the main focus is the Pipeline Integrity thumbs up and then funding news and then .... we have a share price rise to new highs
Have I missed something ! , what happened to the big announcement that Vince was getting excited about 2-3 weeks ago ?
Interesting to see that Conoco Philips are considering selling up in the North sea as they have already decided to shut down Theddlethrpe pipe lines and terminal , could be great prospects to pick up 3rd party tariffs and some decent acreage from CP , watch this space , bring on the Thames pipeline integrity update , hopefully only 2-3 weeks to wait
In the cold light of day the RNS had a single negative , the visa issue that might delay the spud by 1week if we spud first week in July. The positives are we a mobilising , permits approved and groundwork in progress. We have identified a potential larger target in Fox, at 200mmbo which is way bigger than Falcon and White Horse has been increased by 200mmbo. We could have been drilling a duster at Falcon so may be things are not so bad ! . We dropped 9% today based on MM skulduggery despite the fact there were more buys than sells , the buy volume has been consistently robust in recent times and bodes well for the future. All in all we are all frustrated but the fundamentals are robust , world class and have increased by a considerable amount , the next 6-7 weeks to spud should still be interspersed with confirmation of rig and schedule for XX and ops update on Snow Leopard. GLA and keep the faith , there are too many potential prospects here not to be a success.
The incompetent visa delay has resulted in loss of any float we had , it is now a very tight 2018 drilling campaign , remember we need to rig down then rig up between Snow Leopard and Wild Horse. The rig tender is obviously based on a rig that is currently working for another Operator hence the 3rd Qtr/4th Qtr window , this needs to be contractually set up so we ensure completion of 2018 drilling scope. MB - Welcome to Mongolia ! , in saying that Mike has enormous frontier experience and the visa delay should sharpen their focus on Sinopec , nail them to the deck on a daily basis from now on , I would suggest they move heaven and earth to spud end June to reward the LTH's and instill some confidence in the Company , They have influential people and a major partner , Cmon MATD and get this visa delay fast tracked and lets get drilling !
Just topped up 20k to take advantage of the dip , best 20k I have spent given the updates to follow
Doesn't take much to move this share price so roll on the news , could be very interesting ! , with such a vast portfolio and numerous updates due over the next couple of months the market surely will get onboard this tremendous prospect , I'm expecting new heights very shortly.