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Good call because when this touches 11.5p there will be little chance to buy and back up in a flash I dont have L2 but would be interested on what orders are lurking there.
Wow the mms` are really working this with the help of the large seller, even though the p.i are buying the sp is marked down they seem determined to close that gap to 11.5p, no good to me though as no more funds left to take advantage so will just sit on what I have at 13.5p average.
In the RNS it states, The drilling at Tai-2 will test one of several targets highlighted for additional exploration following positive results from Tai-1.
Some may have read it as will test just one only, but to me it is a figure of speech meaning all of them that are deemed relevant to explore.
At the beginning of the second paragraph in DM`s comment he says, "We are delighted to have started drilling activity at Tai-2, testing shallower targets (plural) that were not fully evaluated in Tai-1.
Mitchells will not want to get this wrong a second time and why would they, they have the expertise and knowledge now of what to expect and to proceed with care. The third drill should then be to total depth when Mitchells will have the option of shares for drilling.
lol they are selling for a farthing profit now, thats a quarter of penny to the under sixties
This would probably keep on going up but for the pocket money traders selling on a half penny rise.
How can you take some ones prediction of an rns Monday when they don`t even realize its a bank holiday.
hi noob where did you get the 70M traded from? investing .com showing 43.76M today which is similar to Friday 48.8M and Thursday 47.96M, as for the sp, back to Thursday close and all Fridays gains wiped out. Next wave should see it going to 21.50p about a 50% rise from here watch them pile back in Wednesday if not tomorrow.
synonyms:
vague · ill-defined · unclear · hazy · uncertain · indefinite · indeterminate · imprecise · unformed · muddled · confused · ambiguous, pretty well sums up this drill as they are not giving us any clues, I will remain confident up until the 13th of September after that the jitters come into play. Feeling a lot better this Friday compared to last though.
Then again that`s no comparison to drilling for oil in the North sea and what they had to go through fifty years ago, things have come a long way since then regarding drilling in adverse conditions, the weather in Tanzania will be positively barmy compared to what they had to go through to find oil under the sea.
Next tracker re-hash is November but you knew that Gecko as you have been here long enough to know, seems like your talking your own book.
I think they should move on and carry out the next 2-3 wells as planned simply because we are gaining knowledge as we go with the added bonus of a discovery. The appraisal drill should be used at the chosen prospect which shows the best results, as for the sp, when it comes down to it, will be at its highest during the run up to the appraisal results to be in by the end of the year.
Yes I see what you mean Legalwolf, quite a tall order to get these done on time we are half way through August now so they have to come to a decision on what to do next quite soon.
Legalwolf
You forgot to mention they receive options on finding a discovery.
I think the confusion arises between needing to use a larger drill rather than a larger rig as the one we have is adequate for both operations.
yes but wasn`t the 250000 cancelled?
from 9.22 a.m when the ask was 26.52p.
Same as last week sp down to 26.50 Monday and Tuesday then rises towards Friday just the same sort of churn, nothing to worry about.
SeaHawk
I understand what you are saying, on the other hand news of a discovery will leave the jelly legs behind quivering over the gains they have lost, we have waited this long for news be it good or bad I`m all in and sticking to my conviction this is going to be phenomenal.
use a bit more imagination when using the thread title there is no rns so why use it!
Gogs the one earlier was a huge UT at 9.00am book balancing but not a trade.