Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If that pokey little hovel is in central london, its probably worth far more than all the north combined ;)
Anyway, whats with the heatpump chat? SOLG starting a new venture and actually wanting to monetise things? Chance would be a fine thing.
I can tell everyone what will be in the new reource update...a s**t ton more gold and copper than previosly estimated. There you go SOLG, saved you the effort, expense and SH dissapointment of issuing yet another useless RNS that the market no longer cares about. Now will you show us something of value that we all want to see, and that the market cares about? Perhaps monetising said s**t ton of gold and copper.
To be fair scott, the company were extremely unlucky with Tai. It was cursed from the get go with issue after issue, which was the cause of placing after placing.
At the end of the Tai well, the company couldnt prove definitively what was down there due to issues with basement level. This lead to a much lower He readout than perhaps what could have been if the wirelog were able to measure basement of Tai.
Confidence with the itumbula well after the lets face it, disasterous tai campaign was at an all time low. As such, in order to fund it, the company had nowhere else to turn but the sharks and that absolute disaterous wipeout of a placing. I do however believe the company had no alternative at this point.
This find certainly has changed the company's fortunes. They have now beyond any doubt confirmed He (along with other credits such as nobles) exists in commercial quantities. Placings such as that (should) never happen again as there will be far more options this time. It would be unforgivable, given what they have now found, to place at such a discount again.
Still a few jigsaw pieces missing here such as flowrates, resource estimates, timescales and roadmap to commercialisation, but given how desperate the planet is for the resource, you would think things should progress fast from here, much faster than say an oil or gas field would.
I want to see how the "buy on speculation, sell on news" trade plays out first.
Now the news event is over, and we dont have a timescale for the next newsflow, the funding for additional testing and operating will now come to the front and centre. first 30 mins will be interesting.
Today should be a great trading day regardless. Exciting.
Fun fact: A QUARTER of all posts made today are from one poster. Getting a bit ridiculous now.
Neil777, your fingers must be red raw. Then again, all of your content is identical. Thank goodness for copy and paste, or you would surely have no fingers left.
Helium 3 occurs about 1:10^6 of helium 4 i think.
Of course, he3 is much, much more expensive isotope than he4. But you would never find a pocket of pure he3. physics wouldnt really allow that.
Quality you are referring to is the concentration of hydrocarbons (CxHx) present in the gas. The lower, the better.
That thought has crossed my mind blubay. And i have seen that before, where a find is accompanied by a placing. Its always bad news when this happens.
It doesnt happen very often though, so i think it would be unlikely to happen here. The only situation that this may happen is if the find is borderline commercial. This way the board can get away a placing at a relatively decent price. But still unlikely IMO as it takes time to find placees.
If it is a decent find, they would let the market dictate the value, then conduct a placing based on that.
The thing is smkr, for every example you give me regarding an incoming board actually increasing the Mcap, i can give you 100 examples that have failed. So you have to ask yourself; Is this new board one of the 1%ers?
The onus is not on me or anyone to give them a chance as the chance of sucess is too low. It is up to the new board to prove to us that they are worthy of a chance given the such low probability/occurences that what they say will actually come to fruition. in other words, show is something tangible.
Havent brought in yet, but my personal strategy is to wait for this to drop to around a penny +- 10%, then to jump in.
Timing is everything however. If news doesnt land on monday (which i am hoping for), some will get bored and move on, which might cause the SP to drop, which is where the vultures such as myself pick up the pieces. If there is news, there are 3 scenarios that will play out:
- News is far better than anticipated/expected and the find is confirmed as commercial by some margin: This will of course test new highs so i would jump in at 8am.
- News is as expected (not a duster) but nothing groundbreaking/borderline commercial: There will be an initial spike as those who dont fully understand the RNS will buy at 8am, but this will be short lived as those already in will bank profits, causing the SP to drop.
- Duster: No explanation requred as to what will happen if the well is dust.
So, you should ask yourselves: What is the market expecting? The closer to perfection the market expects, the more likely this will drop on any outcome. Then again, the Mcap hasnt gotten too far ahead of itself so there is scope for a nice rise on a good RNS. But anything less than/borderline commercial will see the SP likely tank. The key here is how commercial any find is.
GLA
Apologies for the negative tone, but...
How many times have we heard an incoming chairman of a tidler such as this state that "our goal is to reach (insert ridiculous mcap figures orders of magnitude above current mcap) mcap by x time", and "fantastic unrealised potential" (that somehow, the previous board couldnt capitalise on??) If i had a penny for everytime we heard that one.....
Its also nice to see the new board have their priorities straight by outlining crazy renumeration packages, including "consultancy fees" and shares that vest for just 60 days (just in time to dump on the market after ramping up with silly aforementioned statements)
Extremely skeptical and dubious here until proven otherwise. Could be a quick in out trade from now until this 60 day vested period as the new board will be ramping this up, but until they actually show the market something other than sweet talk and dreams without a plan, i will assume this is another lifestyle AIM "company".
Of course, it would be great to be proved wrong! Now show us something of value instead of the usual waffle we have all heard a thousand times.
Discovery? Not yet shareguru. But after years and hundreds of millions of dollars they are finally flow testing a well. So if thats what you mean by "most promising position", then yes, i agree. But if this is a duster, then 88E will no doubt pivot away from alaska. This will signal a new phase of the company, preperations are already underway. That is what i mean when i say curtains, as the SP will crash and the company will conduct endless placements with the consolidated shares on these new projects in africa. It will become another one of those nanocap lifestyle companies to keep the board in employment. So yes, hickory is the last roll of the dice in alaska.
Talk of consolidation and this strange diversification is not exactly sending out good signals. You can argue until you are blue in the face, but this signals a shift in the company, and like redbeardoil states, a restructuring or preperations if this well is a duster. Talk about lack of confidence in finally flow testing a well.
Personally, i dont like that one bit and has a really weird vibe about it. I would prefer if they were all in on hickory. Again, as redbeard states, if they didnt diversify then they would have had enough for the horizontal testing?
What other conclusions can the market come to, other than the board having a complete lack of faith in hickory?
Dont get me wrong, i hope the hickory is a gusher.....boy do the long term suffering shareholders need a win here. But i wont hold my breath based on the negative vibe the board have created around this well.