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To be honest guys,
Not really much point counting time/days as we have been told,
"A presentation detailing the drilling timetable and testing program will be released to the market prior to spud"
And that is all that really matters. Keep calm.
Jumpin,
Not that is if concern at the moment but pretty sure, it works like this on the ASX.
"The price of these stocks move in 0.1c or $0.001 increments all the way up to 10c. Thereafter the price increments are in 0.5c movements up to $2.00.
All stocks priced at $2 and higher move in 1c increments"
Hope you're well
Cheers
Right..... So just to be clear, I'm the keyboard warrior for having deliberately misconstrued your moniker, in response to you deliberating miscontruing mine.
Okay....
Jez some of you pensioners have thin skin. Thought England was the country of banter and bare knuckle pikey fighters. Apparently not.
Spineless?
Please, Garth Butt Raider a simple look at the Operations Permit would have cleared up even the most basic of ice road questions you may have had.
Did your Conoco research reference 88e's ice road to Charlie? ......... No thought not.
Brom,
You have to much patience
Anybody that believes that the Charlie 1# ice road is being built from both ends, is either drunk, deluded, un-researched or just crazy.
I'll speak slowly........ T h e r e i s n o a c c e s s t o t h e f a r e n d
Jiddy,
If that is the case and the rig is delayed because of the weather, please reveal to the board what info you have.
Because I'm looking at the forecast and it's looking primo. Fine and sunny, no rain -40°.
Last update 2 days ago stated ice road not complete >80%, which would indicate the drill pad was not complete(based on RNS images) which would indicate zero need to move the rig.
But if you know better, please tell us.
Jiddy,
I'd suggest based on the last announcement the "delay" was due to the "delay" in ice road completion and not the inclement weather, which would typically aid ice road construction. I've not seen any news to state the weather is to bad to build an ice road.
More likely the technical detail in the construction has delayed.
Just my thoughts though
Del101,
I agree with your thoughts and have shared similar ones on HC.
What's clear is that DW had an intention to raise the $10 mill the first time and was obviously disappointed in the markets reaction by only getting the $6 mil.
The Plan of Operations must dictate that the full amount is required, the opportunity was presented and taken.
As a long term holder (by my reasoning) I've now removed my emotion from this company and realise what it is. Until such time as income is generated or assets monetised the company relies on CR's, so for me, it is what it is.
All the best with your investments.
Jez, what a moody bunch here this morning, you lot must be suffering a Tuesday come down after your Brexit parties.
Seems the wider market is in a sell down due to Coronavirus fears and folks are moving funds to safe havens. The market always needs an excuse.
Chin up lads, have a bit of faith.
TD,
Just saying, to compare progress from the 15/1
"Ice road construction is now fully underway with ~25% of the base road now completed and ~35% of the total route staked and pre-packed."
To now,
"Accumulate’s 34-mile ice road was approximately 70% complete"
Seems like a lot of ambiguity in the statements.
27/12 "• Ice road construction on track to commence within days"
So in the first 2 weeks 25% was completed
In the following 2 weeks 45% completed
Info is always reported in hindsight due to time zone and the nature of info correlation.
Progress may be more advanced than we currently know.
No biggy for me. It'll happen when it happens