Member Info for viable

A curiosity this morning. It looks quite good on paper, otherwise meaningless however. Price has moved up but trading is very flat in the first hour. Difficult to see causes on no movement and a spread which is excessive. Perhaps there are a couple of large buys in the background. Might change by 10:00am.

Nice early morning shot looking south.
https://twitter.com/shanta_gold/status/1348933746939080704/photo/1

http://www.maplandia.com/tanzania/mbeya/chunya/luika/
I note the new mill is the third one onsite.
Any previous impression on number is therefore corrected.

Now 1,339,773 volume
Up 9.091%
Building up to record daily volume over last 2 months
Be here tomorrow morning :)

hTTps://www.bloomberg.com/news/articles/2021-01-12/russia-s-583-billion-reserves-now-hold-more-gold-than-dollars?srnd=premium-europe

I never comment on such issues and leave it to more authoritative humans.
Gordon B of course would sell the crown jewels if he was still around.

Volume = 1,134,311 @ 1:00pm ET and up 7.373%. Not bad although I note they don't have the big trades seen on LSE.

Unfortunately we didn't crack 17p. Thought it attainable. Maybe tomorrow.
4,504,550 traded here today.

Quick look-in.
Some of the buys look quite substantial.
More IIs climbing aboard.
Smiles all round this evening.

Couple of decent orders coming in.
More needed.
Long-termers from higher levels can relax.
(Time to do some work although we are not allowed.)

The following neatly encapsulates PTAL story:

"Large oil field with recent first production

3D seismic acquired in 2014
Five wells define structure and continuity of reservoir
100% oil production with nominal gas
First production initiated in June 2018 on time and under budget
Capex of $18.5 million to first oil – 25% under original budget

Development Plan in place

Enhanced production from first well to 2,000 bopd in November following installation of oil well pump and water treatment and reinjection facilities
Full development targeting plateau >10,000 bopd from 11 oil producing wells in 2020
Infrastructure and export routes in place – established barging and pipeline route to tide-water market

Exploration upside on trend

Additional development drilling should define Bretaña recovery factor from 12% to management’s expected 24%
5 exploration prospects / leads on trend with Bretaña".

And then the "horizontals" can be included in the mix.
NB > More IIs need to come aboard, lured by divis,

Interesting point @ 09:32
Perhaps best not to proceed even if it was available. Unless of course you had very precise information on the way forward starting with Brent (presently $56.71). Added to it - although it is my belief the company is very well managed - there are a handful of unknowns.

I speak as one who still has to get to grips with Bretana, e.g are they choking wellhead pressure back to stringent limits? What is psi there? Pipeline upgrade timeframe? The list goes on. Yet the drill programme looks to be a very positive step.

The bid may prove to be slightly flaky later this morning but it would be really positive to see the SP closing @ >17p. We can but hope.

Yes, I note the price behaviour of the share is quite unusual. It does not seem to move along conventional lines. The bid has been jumping around all day even during dead zones. Whilst TSX is probably followed by many I again draw attention to certain sections of the link below.

https://money.tmx.com/en/quote/TAL/trade-history

Information downloaded can be a pointer to the following morning's trading and "Trade History" tab is quite useful. Today thus far is fairly active although quantities are modest.

I suggest you add it to your favourites' bar.

Only a guess but preparations might be being made for a TSX order or later.
We'll find out 2:30pm.

@ 11:24
Bid now 15.8125p
Shouldn't have delayed but still finding my way on this stock.

Interesting. The live bid has been 15.7525p for over an hour from 15.5p first thing.
No problem selling on Hal.
Have been considering another purchase but decided to wait as someone seems to be trying to put in a big order. Must have got it wrong. Consolidation looks very premature if there is one.
.

Have added this morning. No more until the next update which should be encouraging.

". . . time to divert some of that confetti cash into gold . . ."

There have been good scribes on the boardwalk this weekend, but none of the prophecies are being realised to date. I came to similar conclusions months ago, cut my cloth accordingly, and started to relax. The visualised results are still awaited. Consequently I not only went in deeper on Shanta but diversified into other stocks with decent balance sheets.

Agreed one has to take a stand. By doing nothing it is inviting trouble. In sum I'll stay with caution with assurance that SHG will have very good returns even if Au hovers at present levels.

https://www.bloomberg.com/amp/news/articles/2021-01-07/oil-market-gears-up-for-9-billion-index-buying-spree?__twitter_impression=true

Any substance in the above as it is an active bb.
Seems a fair call to me.

@ 11:34 Wednesday
OK, I'll take another look having abandoned it for a year.
Cash in hand always a plus at this time.

@ 02:53
Now why am I fence-sitting on the subject?
I well remember in ignorance of saying the same thing in 1970 and again in 2008 with some very sketchy reasoning. It didn't turn out well. As a consequence I have pegged Au expectations to a range of $1,700 - $1,800/oz near term. Would like to be proved very wrong.

https://ntepa.nt.gov.au/__data/assets/pdf_file/0019/554014/mrm_overburden_supplement_AppendixI_Part1_Updated_TSF_LOM_Plan.pdf

Thought I'd study TSF as it's a big gap in knowledge.
The above link is quite comprehensive.

Nope, but I can say TSF 2 is just about complete. Whether closure of TSF 1 will follow is another matter.

https://ntepa.nt.gov.au/__data/assets/pdf_file/0019/554014/mrm_overburden_supplement_AppendixI_Part1_Updated_TSF_LOM_Plan.pdf