Member Info for sandcrab

I know nothing whatsoever about the oil industry, but the explanation given on these boards is

a) they only perforated 6ft because of time pressure to complete testing on the other two zones in weather window

b) horizontal drilling is the norm in Alaska

Still not clear to me why they are delaying drilling the Tyler central basin, which I thought was what this company was supposed to be all about

Where IS Majorminor to explain it all?

So has the 50% dilution been justified?

The $45m appears because these are consolidated accounts

The debt is owed b a subsidiary. Not by Vast

Hmm. Dodged a bullet there. Just about to ring the broker to go all in

Has Alkaid justified the 50% dilution?

Why's happened to that opinionated Majorminor character who used to throw his weight a lot round here?

Filtered

I've said before. The guy is mentally ill

Best filtered

Good news indeed

I have posted this on the non- Stalinist thread

n NPV, excellent post by Datait2 on the UKOG board which could just as well apply here

'Masterinvestor.co.uk/latest/how-to-value-junior-mining-stocks/

'But here is a guide to help investors avoid buying at those spikes in share prices that the intermittent puffs and promotions by the companies (when they want funds) and brokers (when they want business) bring about.

Projects are usually presented to investors with an NPV (a net present value – approximately the long term profit minus the initial cost to build). Inexperienced investors make the mistake of thinking that if the company ‘owns’ the project, then the present shareholders ‘own’ the NPV and that, therefore, the NPV is the value of the company

Even when they delineate a resource, the market attaches very little value to it, and if and when it is sold – unless it happens to be close to or fills another miner’s gap in production or raw ore supplies – it will receive but a fraction of the so-called ‘in-ground’ value, for which market prices of less than 1% (even for large – and therefore considered economic to mine – resources) are not unheard of.'

I can't think that there could be any objection to a statement of FACT as to past results on the diamonds, if hedged with

the usual ' past is no guide to the future' blather

Yes and after tax and profit split therefore approx $10m pa, approx companies present capitalisation

Excellent post by Datait2 on the UKOG board which could just as well apply to Minoan

'Masterinvestor.co.uk/latest/how-to-value-junior-mining-stocks/

'But here is a guide to help investors avoid buying at those spikes in share prices that the intermittent puffs and promotions by the companies (when they want funds) and brokers (when they want business) bring about.

Projects are usually presented to investors with an NPV (a net present value – approximately the long term profit minus the initial cost to build). Inexperienced investors make the mistake of thinking that if the company ‘owns’ the project, then the present shareholders ‘own’ the NPV and that, therefore, the NPV is the value of the company

Even when they delineate a resource, the market attaches very little value to it, and if and when it is sold – unless it happens to be close to or fills another miner’s gap in production or raw ore supplies – it will receive but a fraction of the so-called ‘in-ground’ value, for which market prices of less than 1% (even for large – and therefore considered economic to mine – resources) are not unheard of.'

Do you speak the local language, Sandy?

How long did it take to learn?

It is increasingly looking as though both sets of directors viewed the merger as a Hail Mary Pass

But each for their own reasons

The psychological damage in this one is very deep

The conditions precedent in tranche B were so wide as basically to allow Mercuria to walk away at any time

' to a technical and financial due diligence on Manaila and Baita Plai and the completion of a Baita Plai plant investment plan validating the business of that min'

I thought at the time that they should have been required to satisfy themselves on these points before they were given the mandate

Talk of suing them is not a runner, let alone that Tranche A is outstanding

But I would never do business with them again

Legendary investor. Always times well. Bacanora down from 130p to 10p. Buys at 13p. Price doubles .Used to give Jim Slater tips

I think you whingers just have to accept that in September 2017 Roy Pitchford was told the BT licence would arrive in 30+30 days

He openly laughed when he was asked whether the licence would be delayed until Christmas

In the circumstances it would have been irrational to sell the highly valuable PP asset

What I do remember was that the board were criticised on here for shutting in one of the better wells for too long, which seemed to compromise the well

Can't help wondering whether that will be the case with Alkaid

And what the effect of flooding will be