The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Got this online
https://www.fool.com/investing/stock-market/exchange/otc-markets/
Sounds like the stuff you saw at the beginning of Wolf Of Wall Street where they get the big commissions for the paper trades.
"The drill rig has been released, well completion activities are underway, and perforation / production testing of the well is on track to commence on or around 23 July 2021"
Glide, fair enough, I didn't read again I went from memory which was wrong. Doesn't change the fact that it should be flowing by now. 9 days to run completion, perforate and hook up to the production system. Don't know how much they perforated but they did it through tubing as they were running completion on 14th, so guessing just lower Cruze (70ft). Even if it was all 300ft, 9 days is a long time for these activities.
Anyway, we haven't been given any details of the testing so we don't know how long that will be. It will probably be a combination of flow and pressure build-up to get reservoir info, but there should be some early flow rates, albeit probably won't release until they have the volume data.
Not perforating. 5th July hole was cased and they had to log, complete, perforate. Today they are supposed to be actually flowing if they are not already. Any other company and it would have been flowing more than a week ago.
SC, you say things aren't that bad yet, I assume because of potential. But we need the company to tell us about the potential, tell us what they are doing to recover this pitiful situation.
If he is the minister of Rural affairs now, is his priority the Sami, who in fact might be slightly inconvenienced but no significant impact, or Jokkmokk, who can't meet their budget to keep the town running and desperately needs jobs. We have already established (or UNESCO have) that the only potential impact on Laponia is transportation routes, which actually don't get concluded until the next phase of the permitting process.
When you discuss it, its difficult to see where the delay is and why the Sami are threatening social unrest. Perhaps the Sami have decided that Norrbotten is an independent state and is only for them.
Fair point, if that's his game plan. Albeit if the Sami are his priority then we have probably already lost.
I guess KB and Baylan gone to the beach
They have to write a letter for which they have every piece of information required. Why would that take more than a couple of days.
Why wait till september if you have the information now.
Must be due some proper news like
2 rigs on site drilling, one drilling x, the other drilling Y, sampling on site, expect first sample A date, analyses takes B long so first news of concentrations C date.
That would be news
No News today. Which means it will be Monday at the earliest when we will probably just hear "We are testing" and probably no news on Bahamas.
Glad you still have faith SC. I am joining the considerably larger crowd who have lost it.
I was hoping we were going to see some initial results this week. Does anybody know if that is realistic?
hahaha
OK suzy, I get it
Are you bored Suzy....
It kinda looks like you were picking an argument there hahahahaha
KB said he had until the 6th of Sept to comment but it wouldn't take that long.
Considering he received the UNESCO comments about 6 weeks ago, I think his response must be close to being ready. There is only BEM and the government involved so you would think that the sooner he responds, the sooner we get an answer.
Anybody see this. Sweden is closing their largest cement plant, supposedly with a massive impact on their GDP.
https://twitter.com/i/status/1416071151869116429?cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email
I like SC's posts.
If you are invested and plan to stay invested, why not look for the positives.
At least SC's posts actually carry a thought process rather than just a boom or a bust. And what's wrong with looking for the positives. People who don't see the potential positives should sell. People who aren't invested, why are you here, I assume to look for an entry. Everyone is entitled to an opinion, and debate is healthy. Insults have no value on a discussion board, completely pointless. IMHO
He's Behind You !
All seemed positive and confident
He always speaks positively as if the decision is a done deal. Maybe this is because he is confident of our legal case. Maybe he has met Bayln personally and understands some things he cannot say. Maybe he is just an optimist :-)
I am a LTH therefore I hope he is right.
Thanks Xeno. Much appreciated
If it's sept 6th to get comments back, it's end of sept before Baylan looks at it, then end oct if he was going to make a decision that will be stopped when they get voted down over the budget. Business as usual in Sweden.