PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Much of it is coming from those with averages or entry points above 8p I'd wager. Tbf it's understandable because imo the near 70% drop in the past two weeks is an utterly assymetrical reaction, to what is essentially indifferent news having been promulgated to us. It's easy to shout con job with the extent of market manipulation. The question is, are HE1 complicit?? Probably not, but for sure there are better opportunities available currently. I won't be going anywhere until that fault at Itumbula is busted, but it's easy now to draw comparisons to HE1 to Desire Petroleum and the whole Rukwa Basin to that of the Falklands. I hope not...
Indeed, I noticed too, but I wasn't prepared to jump up and shout 'SCAM' just yet. Didn't she say airfreight in the previous interview re the roughneck? I thought that was a mistake as it'll likely be coming in a container ship.
Yes, that's how I understand it with Investor Meet - questions are submitted written, but not oral on the day. Is that correct? Oral questions are from investors actually physically in the room. I'd turn that into a wild west show, so I won't be there, lol...
Itumbula is shallower - perhaps it may have managed it, prior to dummy spitting. We shall never know. For sure though, it's had one good shakedown at TAI. And in answer to the OP's question: yes, drilling will most definitely commence at Itumbula in Jan. Once the fund raise is done and new IRN in place, I can't see what would stop it.
The net result of all this for me, regardless of the recalcitrant rig, is that they should've drilled Itumbula first and leveraged on that, even when considering the flood proclivities at TAI during the rains. Imagine now if they had free flowing gas from Itumbula, have gotten to the fault even with the rig in it's current state. The SP wouldn't be 1.8p...
TAI is in the balance, they need to get deeper into that basement to confirm or not. Meanwhile the fault at Itumbula awaits - beats me why they didn't drill it first, but this is HE1 logic doesn't appear to apply ...
I'm a trained fitter myself, but haven't worked in that area for two decades or more. Back then I worked on a multitude of applications from diesel electric locomotives, to big Cat dozers (9's & 10's), but these days well out of it. I do think having mechanical knowledge in these instances helps to alleviate things as a shareholder, especially when you know with every breakdown another part is renewed and eliminated. I still run a near 30 year old Volvo as a daily runner, which is a rolling resto/hobby (when my decrepid frame allows that is...)...
So I got spiked basically, lol. But buying in the morning after a negative RNS is always tricky - could go north on a bounce and stay, or could go north, south, east or west.