RE: Lucky.9 Feb 2023 12:38
Trelawny.
No Pal, they're a Helium exploration company in Tanzania. They had a drill at tai1 and 2 in August 2021 but it turned out to be a duster. The reason it was a duster was because we subsequently found out the CEO,Dave Minchin, used the wrong size rig and on the wrong side of a fault line. The rig was to small so they weren’t able to wireline it to confirm a discovery. They did a 2nd drill 30 metres away about 4 weeks later but stopped after 70 metres and packed up declaring they had “further de-risked the project.” They were supposed to re-drill in March last year but SUPER DAVE, CEO, “forgot” to secure a rig. They haven’t been able to since but have said in SUPER DAVE’s resignation RNS this morning that they are in negotiations. But when can they secure a rig and get it to Tanzania is the question. Even if they secure a rig by the end of the month it’s transporting it, setting it up and then the drill time to take into consideration. Time it right though and you should make money.