PYX Resources: Achieving volume and diversification milestones. Watch the video here.
I was never expecting a TD RNS or 'good gas shows going through the lake beds' etc. It isn't the norm to RNS TD and I'm fully expecting the next RNS to be after the proposed lab testing, which will likely be end of next week, or even the following Monday. Anything positive in-between is an extra nugget..
I've said it before and I'll say it again - next Monday will be key, meantime the volumes late-Thursday> will be the one to watch. It isn't necessarily customary either imo, to announce TD. Significant HE shows might be a different fish of kettles though...
It always amazed me how that stuff manages to adhere to aggregate - ie mud, shale etc and keep the casing in place. Does it happen where the casing dislocates from the wellbore, due to poor adhesion or crumbling sidewalls??
Not really a big decision day for me I'd have to add - I personally think that'll be this time next week. After the delay, we're essentially now at TD and I always make any big decisions the week, or several trading days after that has been reached. Will we get an RNS Monday? Probably. I won't speculate on what that might contain, but by Monday it won't be conclusive of course, but hopefully very encouraging detailing the pressures etc going down. Not for the likes of me to speculate. But if that is the case, then the volumes, price action late-Thursday and certainly next Friday will be interesting. Likely that's when I'll make any de-risking decisions as was my plan - just pushed back by delays. Good luck with whatever you decide and here's to a discovery I hope! 🤞
I kept firmly off here this week knowing it would likely be filled with the usual drivel from the depraved, trying to trade hysteria, so I stuck to X for news. Something feels positive about next week though and who knows we might be going again by Tuesday with a possible TD next weekend. Lots of champers bubbling in between one would hope. 🤞
@Cybertron: I can offer nothing but opinion. As Wyndrum said yesterday 'I have never seen a share act like this in x, y or z years'. To suggest - as some are - this is normal mm activity is beyond logic imo. As to what's lurking in the background, we'll find out soon enough...