Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What is interesting? It was a question rather than a statement.
Should we expect an intraday RNS today? Sure I read somemewhere yesterday one was logged.
Ok then, AAOG withhold payment due to Poor performance. Was it a shite rig? I’d hope out the £4.5m that there is a bit of Bunce for the new rig.
Given that the RNS has identified problems with the rig I thought it wise to review the Srns for the placing. It reads:
“he Company will use the net proceeds of the Placing as follows:
Complete well TLP-103C (including contingency) £4.25 million
Outstanding and anticipated operational costs £0.90 million
Due diligence over potential acquisition opportunities £0.35 million”
Given the “poor performance of the rig throughout the well” I’d expect some kind of commercial arrangement with Schlumberger which compensates AAOG for these delays and thus used for the new rig and new well? (Not well up on O&G contracts butid assume rig would be the drillers risk?)
...and we are in a much better position than we were then.
Happy fkn days
Message is appearing on his profile Egg.
https://uk.advfn.com/forum/profile/apfindley
Is this a reasoned theory from you Iceberg or is this something you have heard or can’t you say?!
Coolio. Cheers kids.
Can someone translate that RNS into English please for us thickos?
Been in AIM 8 months or so, got into AAOG mid July. DMOR and all that jazz and thought I’d backed a duff when I went in at average 12p and a loan note RNS sent this share south in October. £2k up currently and a happy chappy. Happy also to let this ride out for as long as possible. DS couldn’t smile wide enough in that interview earlier - and if the exploratory vanji comes off then this time next year Rodders!!! I can but dream for now but glad to be backing this horse. Interesting reading all the valid contributions from those genuinely in on this and I’m quickly learning to spot the BS too. GLA HNY HMV DIY etc.
Just need 3 points from the reds tonight now!! :)
...on the western front here. Any time lines for Q1? Hoping for better news in the New Year. Nothing changes here for me on potential.
Thanks Strongman. I take it that assuming the flow rates are good then production follows immediately? (Time is money and all that).
For anyone who can answer: What is the typical process from when wire logging is completed to then getting oil into production? What sort of ballpark timescales are we talking here?
If anyone has any idiots guide links too that would be a bonus.
Ta
****ing me off to be honest IM especially when we have news and still sub12p. Hey ho. Illegitimi non carborundum and all that - in this for the long term.
I’d like to think much more than 12p bearing we were at that level at the end of July and now we are at the business end of things. Topped up today and sticking around for the foreseeable. I’d still love to know how people pluck these numbers out of air. Roll on Monday ??
Thank you 1st tee. I’ve done the research and have to trust the official information published. The rest is just noise but like transfer gossip we all like to have a noisy on what’s going on via the boards. One thing I will observe is I don’t know where the hell people pluck out these wide ranging obscure SP’s from once/if Mengo and Djeno hit!
I’ll be honest I don’t know what or who to believe as I’m new to AIM as a PI. I’ve got 40k at average of 10p. Happy to let this ride as in for the long term. Fingers crossed Santa comes early but if he’s delayed till the new year then hey ho. GLA
Done. Does anything normally come of any complaints like thi? I’m a PI WITH 330,000 shares @10-12p. Frustrating is an understatement!
Thanks both and will do.
Anyone got an email address for him?