George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
daltry,
you are right, we don't know hence the low share price, if we knew production is 12k then probably share price will be much higher
captainswag - what about sandstones in GWA and Halifax ?
3 billion and 10% of that is 300 million
2 billion and 10% of that is 200 million
200 million multiply by $3 per barrel, that will value company as $600million
As we progress the production then value per barrel will rise
honest answer, no one knows, until we get production figures and CPR, even after production figures and CPR still no one knows how the remainder of the year production will be as its complex, that's why price is low, but potential is good if we can produce 10,000 average for 2021 then we are good to go
i did same mistake by putting way too many eggs in this basket, luckily some other basket has grown so its offsetting some of losses here. But my average here is multiples of todays price as i did not average down.
they should give production figures monthly
if side track is risky, they should consider well 8, ok it will cost more than side track but probably better than risking money on side track and failing.
i am in almost same boat except that i am still holding and praying for good news
no dilution risk
no risk of low oil price at least at the moment
no risk of CBs
only we need to know about production from well 6
is it high risk, yes it is high risk as its one trick pony
may be bring him as Exploration director
generally what's view of LTH here
also write to CA that we will support them if they call for voting at Emergency General meeting.
they should put a CEO who invest his own money e.g. buy 2 million pounds from his pocket
that we support them
we need update on production
RNS says :
This proposed side-track is more complex in nature than previous wells on Lancaster due to the incorporation of an intelligent completion and the challenges of delivering the well trajectory from the side-track location. As a result, the Company has concluded that it will not be possible to drill this well during the 2021 summer weather window without unacceptable operational and cost risk.
Assuming the talks between HUR and CB as follows:
HUR : we want to drill in 2021
CB : we don't care but we want our money back in july 2022
HUR: but if we drill then we will not have money in july 2022
CB : then don't drill, first pay us then drill
HUR: ok we will pay you first
CB: that's better
how much was production in January and February
how much is net cash now
quarterly is not going to work here as its risky share with only one well producing, it will be better to give update on monthly basis
they need complete new well, how much complete new well will cost??