We’ll hopefully get an update tomorrow. My expectation is that they will have figured out the issue and have ordered parts, which are being flown in. Expectation to be back up and running within 2 weeks. Potentially down hole testing by the end of the month
It doesn’t matter whether they lid for them or not. If I was lorna holding 8m shares, I would be thinking man that’s a lot of cash at 50p. It’s a lot more cash at £1. You would want to be that share price as high as possible and then for the company to be sold
I don’t think cash is an issue. We had intended to do another drill straight after so I think we’re just eating in to the cash that would have been used for that. It just means that we have to make sure this drill counts
I don’t know about you guys but I’m excited. I feel we have come a long way and have incrementally been derisking this project.
I do feel that we are going to get some good read outs next week and it will be the beginning of Tanzania becoming a global helium resource and the making of HE1.
Hopefully we’ll get lots of new buyers in and the share price will act accordingly. We will then raise capital at a healthy valuation to begin production on Tai and also to fund more drilling to increase the total accessible BCF. Then, I expect a big player to come in and gobble us up for a big chunk of change.
GLA - nearly there
Did I hear it right that depending on the results of the logs, they will then make a decision as to whether they go back in the hole and drill deeper?
So I guess that is a clear sign that they have something worth stopping and testing for. Then they decide if they have enough in the bag or if it is worth trying to get the cream for the top
They haven’t lied. We had legitimate delays in the frost drill. This is drilling, it happens!
The second drill was always just a bit of a safety net. Tai is the critical inflection point for the company. That’s what needs to be focused on