Didn't the article about Peugeot state that they would be starting operations in 2018? In order to start operations in 2018 they will need the gas. Doesn't that sort of sound like it's a done deal between SDX and Peugeot and that SDX already have the gas? Unless they can get the gas from elsewhere or Peugeot are operating under the assumption that SDX will find enough gas to supply them for 10 years?
Didn't the article about Peugeot state that they would be starting operations in 2018? In order to start operations in 2018 they will need the gas. Doesn't that sort of sound like it's a done deal between SDX and Peugeot and that SDX already have the gas? Unless they can get the gas from elsewhere or Peugeot are operating under the assumption that SDX will find enough gas to supply them for 10 years?
There don't appear to be any trades going through but the price I am being offered keeps on rising. Perhaps there is another large buy order being worked.
I would disagree with you slightly on a couple of points but I do agree with your overall sentiment that is a fantastic opportunity.
1. Rainbow currently don't have a JORC or NI resource so we don't actually know how much RE's they have. Although we can be reasonably confident that they do have a lot and at high grades.
2. We don't know exactly how much they are producing at the moment (at the moment) and exactly how much they are getting for the stuff.
Other than these two unknowns which are soon to become knowns (not doing a Rumsfled here) everything seems to be going tickety-boo here (professional investment manager term).
I was able to view the site and the RE pricing just fine.
I wonder what today will bring share price wise. It can't keep going up like this without some kind of pull-back unless good news hits (which is not due for several more weeks and is not guaranteed to be good - although I think we are expecting it to be).
If news did leak from the drillers who knows who they (when I say they - anyone at the drilling company) would have spoken to. The information could have gotten to anyone and someone with deep pockets perhaps who doesn't have to notify until 5% or whatever and it's not like these rules get obeyed anyway. Someone at Rainbow could have blabbed to anyone too. Or this could all just be wild speculation on upcoming drilling results. We'll find out soon.
There has been a reserves update zanmantate and it was pretty good, although I don't think it mentioned how much of the reserves were made up of Morocco gas though.
Still rising, not too long to go now until exploration results are in. A few more weeks isn't it? Judging by the large buying we've seen you'd have to imagine that they are going to be good.