Member Info for woody2002

Problem is if they do raise funds SP could dip and you have no money to buy at cheaper prices

Anyone know if you can frack through concrete? Also what sort of distance is it effective? Im not too clued up on it tbh. Are we able to just use hydraulic pressure to push through the concrete plug, into the reservoir and even down into the sections we haven't drilled into?

Yes but why are YOU here?

Red*

Needed to get me out the blue lol

Hi Visainn welcome to the BB. What brings you around here?

Well ive been in a permanent bad mood with this lot for months but I have to admit that sounds like a good bit of business. If ABO are willing to ginance VAL101 as well as FIT bio IP this might actually be a positive RNS. Maybe lol

Mr Aim this is new from you, which is surprising... normally you talk shit during market hours. Good evening :)

Thats because hes a liar lol

No thanks, you bought back in here yet?

was there 4M shares missing yesterday at close of play? I think there might be a large trade still to show up. that and all the duplicate trades around lunch time... strange!

what is the NT project? and are you talking about Pilbara Goldfields Pty Limited and Hamersley Metals Pty Limited ?

Can get a quote to sell no problem.

On the plus side If we're going for Djeno modify 103, drill 104 right the way through the thing and produce from 2 wells!! stick a big beefy seawater injection pump in 103 when it starts to decline in pressure and produce from 104 using water injection.

The issue is Djeno needs drilled regardless (my understanding of it) concrete plugs dont dissapear, sidetrack? We didn't go through Djeno we stopped short... new drill rig needs to be bigger. All requires time and uncertainty grows. Meanwhile why did someone ditch 250k?

Wraith I think you've came in half way through a conversation and misunderstood ;)

Sardy I agree completely, had we not hit Djeno yet and predicted 1500 bopd from mengo this would be a massive success story on AIM. We're looking at £16M p/a before tax on 56% of license. Multiples of the current SP with time and cash to negotiate with a partner on 6 - 8 wells at Djeno. All hypothetical but I dont want us digging a hole for ourselves or diluting investments like every other AIM shit storm...Hard bit is done! Djeno is like a noose round our necks holding us back chasing the dream, while the top sides aint ready

Super R - not to be trusted!

Pawn the idea was to get as many sold while PIs are buying in the panic to catch a profit on the RNS. Lets face it we all expected a blue day! Newanda sorry dont know what CR is tbh. Shares imo can be dumped by several parties or 1 broker it doesnt matter. Seen this over on VAL. Great positive RNS 2 hours later woops a placing RNS. PIs over there talking about massing together to force a GM etc cant now theyre diluted out the game... Its common tactics. Im only guessing obviously. I aint going anywhere just hate the mates rates and manipulation. We were told slow and steady, operate from cash flow etc and its what I sant to see. Ill be pleased if im wrong on the above

You guys really are going round in circles, weve been here before. Absolutely trash the SP with placings get the rampers in to sell shares to idiots (me included). People like Paulie buy into it "the only way is up" I honestly dont believe what Im reading. Until this company announce a 50M deal for 401 which aint happening imo this isnt going anywhere. We're the only nutters buying shares and they need you to believe theres positives coming or the big boys can't dump the shares on the market. Call me what you like but after the 6th time of ripping it out of me im not falling for it anymore. Isnt this the 3rd fund raise of 2019. Also tricky where have you been since 10th January? Why the sudden massive interest in Valirx after a few months of not bothering?

Sorry but I reckon its a placing folks, they waited till they knew there would be good volume following a much anticipated RNS. The reason why it was delayed is they didnt want a mass exodus they wanted a good price to forward sell all of those shares. Thats just my take and Im hopefully wrong. I thought it was a buyer in the background but its looking like the buyer possibly got mates rates to fund 104. How that impacts 103 production, god knows.........