Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Ally, we don’t know if there is a delay yet. I think I’m correct in saying we have had updates where the spudding of a well has been announced after the event, but included in other updates in the RNS. RNS s cost money, why not include the spud with more updates??
Thank you. I also recognise the difficulty with the geology. I have the belief that new technology will aid in the delivery of oil , but what are your thoughts in regards to the gas, which in my view the main objective here?
I keep asking you Sarah, on what do you base your investment advice? But you constantly fail to produce any coherent explanation. Maybe you could just this once explain why you’re confident we will be delisted? If not then maybe all on this board should filter you. I rarely filter as I believe in free speech but tired of just noise.
Piscator, good document and makes an interesting read. Sadly there is no information on well pressure or flows so very difficult to make any rough guesses. I'm guessing wire lines will not be used in this case and with the deployment of the pump i'm guessing pressures are relatively low even though it has flowed to the surface. All we do know is packers are used to separate the various test areas and there's connectivity across some fractures. There will be economies of scale here as it's three tests in one drill, i'm guessing that will reduce the end to end tests duration. I think we just have to wait and see Good luck all.
Pat. In my view the markets know no more than we do. This is background noise. We've been over the old news and history a thousand times, time to move on and look at the potential here, thats assuming you have read and understand the RNSs.
Piscator, I emailed Block directly to clarify, no response yet.. I questioned the validity of your post yesterday as I trust very few on these boards. I think you’d agree there are many agendas here. I’ll pass on any response I get as soon as it arrives. I think you’d also agree passing on information outside of the RNS process should not happen, however we all know it does.
Chesh agree. But not that there is a pump being deployed as it’s all speculation but My understanding is that a pump is not always required it depends on down hole pressure, down hole pumps are expensive and not usually deployed unless there’s something to pump. That makes me think that said post is possibly an untruth as it would spin a positive vibe. Maybe be someone with oil industry experience would like to comment?
Piscator. Nomads shouldn’t give out info which has not already been released, simple. I have seen nothing relating to this drill regarding a down hole pump, I therefore either ignore the information, assume in itself it’s a pump or call the source of such information. Im not picking up the phone.