Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi. Apologies but would someone clarify for as I’m a little confused: was the link showing director purchases or just options to purchase? I’d assumed they were purchases but Doug’s comment ‘But as yet with no one from the team currently buying these options’ suggests otherwise. Confused.com
TC
Above 1.1p (from Jan 2020) would be further confirmation of the positive sentiment, alongside the recent significant increase in daily volumes.
GL
TC
Interesting article - link taken from JSE board.
https://bisoninterests.com/content/f/bison-2022-oil-outlook-record-year-2022-outlook-duc-dilemma
Apologies if already posted.
Bodes well for COPL and its 1.5 billion bo discovery.
GL
TC
Hmmm. Given to believe it was both red and black we could put our chips on - with only ‘0’ the losing number! Hope folk did not bet the house. I’m off for a walk to get things into perspective ie good to be alive, have my health and a family, friends and a full larder.
BW
TC
Well now, that’s a very pleasant surprise- I suspect MMs thought they had another week in which to manipulate the sp. - be interesting to see how things go today (Friday), given the reservoir ‘roof’ could even be breached over the weekend or very early next week. Will true FOMO kick in, I wonder? Place yer bets and remember both Red and Green numbers will be winners; it’s only ‘0’ that’ll lose u your stake. Pretty good odds… and put the champagne on ice! Apologies, it’s late, the rig has progressed way beyond my expectations, and I’m feeling bullish!!!
GLAH
TC
Interesting that Jarvis is showing the sp as be 3.89p and has done so all day even though I was offered 4.165 to sell. Prefer the conspiracy theory explanation but probably just simple inefficiency and will show 3.85p even when it reaches 6p. “Infamy, infamy, they’ve all got it in for me!”
GLAH
TC
Yes, many thanks, EnG. Won’t try second guessing the market, but for me, the value accretion that I see in 5 - 10 working days’ time is going to be very significant and warrants holding and adding on any further dips (though after a possible early tree shake tomorrow am, I think FOMO will get traction and move the sp on). Confirming the reservoir size (fingers crossed for 34mb+) and prep’ing what will be a production well, should go a long way to enhancing ADV’s sp given 50% of up to a billion dollars in oil revenue would then start flowing in 18 - 20 months’ time. On the back of that news, in early Feb (?), LP might then be minded to share some of the other projects he’s gestured to in interviews, projects which will be in the same mould ie low risk, high revenue impact propositions that would further augment ADV’s income stream. Exciting times and I reckon ADV will be one of Malcy’s A Listers pretty soon!
GLAH
TC
MMs, in seeing that there’s no news for a couple of weeks, will be rubbing their hands with glee as it’s an open invite for them to play with the sp; they’ll continue to shake the tree to see what will fall out. Surprised (but not disappointed) more of the deramping crew haven’t slithered onto the bb. Still time though. Frustrating but this is a case of getting on with other stuff during this hiatus and ignoring the noise.
GLAH
TC
Thanks but it’s Evan 3020 to thank for the CVN news update.
TC
Spot on , EnG: CVN tonight ‘hole was drilled down to section total depth of around 804 metres Measures Depth.’ All looking good with tangible progress that should make the market take a (little) more notice!
GLAH
TC
Yep, MMs hoovering up the impatient and unresearched punters’ shares, in readiness to lift the sp and make big profits as we get closer to news. There is a balance they’ll have to strike though or the MMs will not make as much because those such as me, will be buying on the dips and plundering their tree shake swag bag. I added 200,000 @ 3.9p yesterday afternoon. Too tempting! Not sure when the FOMO pressure will persuade MMs to lift the sp but can’t see it being long now but WTFDIK and all that!
GLAH
TC
Yep. Agree. Also think that these days any quiet periods between news flow is used to play with the sp. But that’s just me and my conspiracy theories!! Patience is the key here and topping up on the dips.
GLAH
TC
Thanks, HMS. You have just confirmed your claims are twaddle. No self respecting company spends its time giving hourly updates, and traders (good traders that is) will not have lost any money in the context of the delay to the handover of the rig given there had been no material change to the project so no reason to sell. Only those who possibly took out T20s would have been impacted by the delay in the handover of the rig and there is no way that can be regarded as the fault of ADV or CVN. T20 positioning is gambling and I’m sure those who take the gamble will understand the risks. Again, nothing in your ‘evidence’ to suggest LP is a liar or that ADV is a company that can’t be trusted. All you have is bluster and hot air.
TC
As requested before, HMS, please provide evidence of a) LP telling lies and now b) how the handling of the information available has “cost people huge financially”.. This is not about putting you on Ignore as what you are doing is too dangerous to turn a blind eye to. You would probably love to be left to misinform those new to ADV and this bb. Not going to happen. I await the evidence to support your claims.
TC
Back to this theme, eh, Hms? Remind me and all those others who may not be familiar with the backstory of Buffalo 10, exactly which ‘promises’ have been made and broken by LP? As far as I’m aware, all timelines and news flow has been derived from Carnarvon, the operator, and not ADV. Given the impression you seem to be keen to create, that LP and by implication, ADV, can not be trusted, it is curious that you hold the stock. Personally, I have found the progress with the project has been as I’d expect ie some glitches but nothing even remotely worrying. CVN has done exactly what it said it would do and time slippage has been due to other operators and the weather. Casting aspersions of this kind can be misleading in my view so please, remind me of your evidence?
Regards
TC
Thanks, ShI. So, v rough calculation would be sometime from mid-Jan given LP was talking about spud and (hopefully) hitting the oil reservoir within the same month. All broad targets, but useful reminder that good news (fingers crossed) could come before TD is reached albeit not the definitive numbers on overall oil resource in B10…..And so not that much time for folk to buy at this level IMHO.
TC
Very informative post, EnG. Many thanks. If I have understood correctly, the distance between the end of the prep’ drilling ie down to the setting of the 9 5/8” case setting (@ 2,800m) and the potential top of the oil column is a mere 470m or thereabouts. How long do you think it will take to get to the stage of setting that 9 5/8” casing? Appreciate there are many variables but just wondered whether you had a timeline for some of the key milestones.
BW
TC
Thanks for your thoughts, Shi’. There are so many potential next step investments, I guess I’m looking for ideas for a long list which I can then research and create a short list from. So, when ADV comes good, and I am v confident it will, no doubt I’ll be asking on here for suggestions! ; )
GL
TC
Thanks for the reply, Bladey. Yes, agree. Always looking for an edge, hence why I asked but will continue to hold based on my own research and targets.
GL
TC
HNY. Anyone signed up to Oilman Jim’s private blog? Is it worth the subscription? Looks expensive but depends on content, I guess. ADV is in this week’s. Not asking for details, of course. Just wondered whether the blog was worth trying.
Cheers
TC