George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The rules are set up to supply cheap oil to the Kazakhstan people. First exploration lisence. Drill and flow test. Then shut down and apply for test production lisence. This is a long period if cheap almost free oil to citizens. Then shut down again and apply for export lisence. Gravy train continues with 20% nearly free oil to citizens.
This is important. The government can get overthrow without this cheap oil.
It shows the current share price as 4.5 pence. The trade section does not show any trades in that amount. Hopefully they show up. I was depressed for any news for the past 18 months. Now I wake up early everyday before work to take a look. By the time I am eating lunch at work most of you are on your third pint. There is five hours difference.
To all the long time holders and some new ones. Hopefully this is our year. Only bummer is the Kaz winter is coming up. Brutal cold. It only gets cold enough to freeze water about 5 times a year where I live and that is at night. We only use a small electric heater about 4 weeks out of the year.
On a side note do any of you watch the American football playoffs? Is it on the TV in England? Help me out and cheer for the Buccaneers.
KK to the ordinary Kazi mucking by we would be considered Oligarchs. ;) I think the worst is over. The main protest were over gas prices. The rest was a hijack for political protest. The gas prices is now lower than where it started. I still hold all my shares and will be in this till we reach the promised land or fall off the cliff like lemmings.
If we found any oil in the Devonian it has to be the 5 meters they are testing. Prior to stopping the well the first time they found a little over 52 meters of pay. When they restarted they found an additional 90 meters of pay prior to reaching the Devonian. That adds up to 142 meters of pay. They now say they found a total of 140 meters of pay. This is fantastic. BUT how do you go from a little over 142 meters of pay to approximately 140 meters and have a Devonian find?
Unless Clive was fibbing the first two claims it's a mathematical impossibility. More than 52 plus 90 plus devonian find = 140 ummm NO.