Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If you are looking for a comparative example - look into Avanti Helium. About 2 years from discovery to production I think.
Nobody mentioning the size of the trades this morning. They are chunky.
I think HEX look interesting but but but. They haven't drilled yet. It looks a lot like HE1 did in the early Minchin days - not least because Minchin is directly involved. Can't really judge SP performance on one day now can we.
HE1 have achieved much more at this point.
I also don't accept that there is an issue with HE1 comms to shareholders. I feel I know what the timescales are and haven't had an expectation of significant news so far this spring. Q3 is where the action is at. It's all good as far as I am concerned.
They will have made an investment case to the placees. Whether they hold the shares after the placing is complete or not is entirely up to them.
When people write stuff like '4b shares hitting at 8am' they are just not understanding how it all works. SP is what it is and every selling decision is made for a myriad of potential reasons, just like holding or buying.
I don't understand where this narrative that SP consolidation makes any difference to your holding. You end up with fewer shares in hand but the overall value of the shares will be the same. So it really isnt important and would be a complete waste of company time right now.
... but it's mainly politics. Government tells people they have all these amazing assets and they will do what's needed to make that work for Tanzania. People ask questions about why nothing is happening. Government talks tough.
I wouldn't expect the soundbite to result in policy or visible change to reality.
Tradedesk. Thank you for your response.
I got from the most recent BOIL interview that they are working towards drilling at Chuditch this year. Is there any stronger indication of when this is expected to happen?
There have been numerous trades at .4 on the ASX over the last week. It's just the spread in Australia folks. 0.3 / 0.4. Low volume and all that.
If I had a penny for every time a deramper used 'COPL' as a reason to to be afraid I would be better off.
WHATABOUTERY is a poor form of argument. I could say 'what about INSERT FAILED COMPANY NAME HERE' about practically any given company.
In reality there are placees who will sell quickly based on a small margin and placees who will hold for longer. It's no different to any other investor or trader except that the placed shares are relatively cheap and that means they are more likely to buy. But then since the placing was announced we have all had the option to buy at more or less the placing price.
Right now the sp is pinned to the placement price and will be until the new shares are added to the market next week. We are simply not close enough to the next news event for the sp to detach itself from that. It's like a huge anchor for now. Who would want to buy shares at significantly more than the placement price right now when they know that next week a whole stack of them land for .16?
Seems a shame that there are currently exactly zero posts on the PANR message board this morning. Some of you seem to have got lost!
You could say that it does not matter how long the flow test ran for because it doesnt prove that the flow happened when you were not running it. This is anti science. Unless you are talking about quantum physics - which we are not.
It's an analogy to demonstrate that you can draw solid conclusions from partial sets of data. It's appropriate because this is how 88e came to conclusion and how every single other flow test ever came to conclusions to some extent or another.
An interpretation that states the flow rate can only be 4 barrels is in fact cherry picking one piece of data and ignoring everything else. Clearly the flow rate is more than 4.
I can assure you that for the analogy I used that even if I had to call the water company my water flow would be far more than 1 litre a day as an average output.
No that's not a good analogy.
This is a better analogy:
Go home and turn your water off at the mains. Leave it for a few hours.
Turn the mains back on.
Now turn on your tap and see what happens. After a small period of time the water flows but it didnt for the full period.
Now time how long it takes to fill a one litre bottle of water and turn off the tap.
Is your flow rate 1 litre of water a day or is the daily flow rate the 24 hours divided by the time it took to fill your 1 litre bottle of water?
Whilst this analogy is somewhat trite it is at least relevant and demonstrates how you extrapolate valid outcomes from limited data.
Last seen having sumptuous Chinese dinner. A number 1 if I recall.
6bopd is also not the outcome from the data.
It's a valid point.
But blimey - it is SOOOOO obvious these people are not real but actors with a very very clear purpose. They appear on all of the message boards. Often you can identify very clear language and syntax that demonstrates an individual with many accounts. This one is very familiar.
No they stated quite clearly what the flow rate was based on the data and valid assumptions. You just picked 4 conveniently as a position in the data that suits your objective and bias. It is not the outcome of the data.
Yes that's right Olderwiser. And so this - 'The SMD-B flow test was concluded with sufficient information for the next steps'
Any form of testing requires extrapolating results from a dataset. It is never to run permanent sustainable outcomes. You can debunk any test outcome with your approach.
As you put it - the viability can be calculated!