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Time will tell Saint but we all know that if Buffalo comes in and they push on with other deals as planned ADV could easily be 15-20p and maybe more in a few months. Let's wait patiently but I can only see us going up from here.

Saint thanks for sharing the CVN Chairman Statement at their AGM today, we are only a couple of weeks away to spud and CVN's Chairman statement is very exciting indeed:
The Buffalo well targeting the low-cost redevelopment of the existing Buffalo field. The
Buffalo well is targeting a mean gross resource of 31 million barrels of oil and is expected to spud in
late November 2021. The well will take approximately 20 days to reach target depth of 3400m.
Development studies are already underway and priority will be to bring the field into production as
soon as possible.

I have been invested in TGR since pre-ipo and know the company very well. I think that in 3-4 years we can hit the long term price target of Optiva at 542p and therefore these levels represent a a great buying opportunity for anyone with a medium to long term horizon.

Simple profit taking by early investors. The 70s is definitively a superb buying zone, numbers coming through next year will be exceptional.

My rational take on ADV, and what makes it compelling out there, is that I have no doubt that we will find oil, so the duster scenario in my mind is ruled out; in addition there is an incredibly high chance that with such proven field we achieve a minimum commercial flow, which in turn would avoid any downside. As a result I’m confident that we will only go higher from here on Buffalo alone, whilst leaving myself exposed to an incredible share upside potential.
PS: That’s my take and I accept any risks, clearly DYOR and invest in accordance with your risk profile.

Jokes apart Wyn I do like charts as an additional tool in my decision making although certain events clearly such as Buffalo outcome or say what other deals come next year cannot be predicted in a chart. Seagull I have a big position although taken over the last few months also some profits and put them into Technology Minerals or SpectrumX but I’m as relaxed as one can be with ADV is the small cap oil
Sector.

Charts ? Enjoy the evening guys

NoEasy as you say nothing is certain and only time will tell, but it's simple, I prefer investing heavily into a drill with 95% geological CoS taking place in the next couple of weeks and leave others to chase other oilies with much lower CoS exploration wells or complex geologies and/or drills months away and with companies having sometimes valuations much higher than ADV based on little substance and risks tilted again investors, boards with no skin in the game and no true track record.

Added another 280,000 shares on this pullback, spud only days away.

Great news yet again. Shishir Poddar, CEO of Tirupati Graphite, said, "The granting of the Mining Licence for the Balama Central Graphite Project is great news, which further enhances the value proposition of the acquisition for Tirupati. Both the Montepuez and Balama Central projects now hold granted mining licenses which, on completion of the acquisition, advances Tirupati on its journey to becoming a material supplier to the high growth EV and battery markets and playing a part in the global energy transition. We also take this news as a positive indicator that Mozambique is starting to open back up for business following the pandemic, along with the rest of the world. We look forward to completing the acquisition over the coming months."

Must admit that I'm surprised by it. Guess a few longer term holders have taken a bit more profit off the table thinking that they can make a quicker return elsewhere. I have already too many, but if you have, like me, a medium term view, it's a top up opportunity. We are progressing on all fronts and in my opinion they should consider publishing some interim results (fiscal year end is March) in which they confirm how the revenue is constantly increasing, which in my opinion is not understood by the wider audience.

Pansacrifice listen to the latest presentation by Leslie Peterkin, especially from 27 mins in https://www.youtube.com/watch?v=TmymOhlAKIE&t=729s

RNS this morning confirmed November spud, getting finally very exciting as we are talking days now, not months.

Spot on saint tropez and that’s exactly what ADV is all about from this MCAP ie x5-10 over the next year or two.

Not surprised to see this moving up again from the low 4s

Either that or the battery anode for EV producers ie Tesla etc

If you can is my message, spud is only 2-3 weeks away and it’s truly transformational for a small cap like ADV.

I have no clue and our panel oil experts will provide more info, but ontarget I guess it takes days to move the rig and get everything ready for spud. The important matter is that we are in November already so we might only have to wait 2-3 weeks, which in this world are nothing.

I agree with you that most of the time it's a waste of time, but knowing Shishir anything he does is for a reason, so there must be US investors who asked for it and as mentioned some companies over there are value $300mio on the promise to build a graphite plant for battery anodes, which clearly Shishir is also planning.

Bladey, exactly my thoughts.