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Quite right, we missed the paleozoic at TE8 and then seem to have gone for TAGI targets ever since. We possible tickled it at TE10. I think it was a mistake to only have funds for 3 drills: it leaves us in a very weak position now. Time to double down and make some bold plays.
JP should get back to being a bold deal maker. Get a drill going at Sidi via farm -in, another 3 -5 wells (old and new prospects) in Tendrara, from a fund raise, and finish the job properly. Dusters hurt, but that's the game.
If we go out with a whimper, it will be far worse than rolling the dice again.
FWIW I think a small raise and further drilling is now on the cards.It's the only was any value can be realised.
I think 2 drills working in tandem might be the way.
Not what I wanted, but it's going to be another few years from here.
I can't see us selling for less than £2, unless we have drilled all 3 targets and the results are poor. I would 100% see anything less than £1 as a total failure.
It would make more sense to keep going, have a placing and drill another 3 wells.
Evening all, I seem to remember someone quoting Brian from BB event. Something along the line of, 'there is a funny story about TE10 that I can't tell you right now'. Now I am wondering what a seasoned geologist would find funny about an exploration drill? When will he be able to tell us? Can't help thinking it was something rather good....
Marshkavaalankoo and Buriedtreasure were both very bad and of course the original Fox. Actually and nhawan, coverdrive, DonaldTrumpIdiot, Easybrent and on and on and on....... What will we all look at following the LE?
I can drink serious amounts of this little beauty
http://bradfieldbrewery.com/Beer/farmers-blonde/
a perfect session beer.