George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Imotakeapunt,
Ambiguity and vaguness was not invented by PH but he seems to be a master of this game. Send him an e-mail requesting clarification. I never got an answer to a couple of e-mails I sent.
At least another two dips in the trouph for PH and company before possible news.(Early August and early September).
Easy money at the expense of LTHolders.
PH is testing our patience and our intelligence.
It is now definite that NDF was a CHATAUX EN ESPAGNE dream and we can only hope that current proceeds from oil and gas sales will cover the cost of the first attempt of enhancing production.No explanation why Well JSR-01DEEP will precede WR-01 sidetrack.It seems the cost is less but cash will be available in September or ....by the end of the year.
It is more than obvious now that PH has not been successful in securing financing for Project 1
Hence we are stuck with spudding of WR-B01 sidetrack according to his own words in the 11th July RNS.
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So now with or without PH we definetely need luck with the upcoming sidetrack.Probably some time in August.
GLA
It seems that PH and the BOD are set for another dip in the trouph, hence the delay in issuing an update on operations .
Personally I have given up hope on getting an RNS before Tuesday the 28th or Thursday the 30th of June.If the sidetrack is successfull they will make easy profits out of this practice.
10 days wait for those who are patient.
GLA
Another possibility for the delay could be due to problems with the Drilling Rig. With the current shipping delaysit could be possible they are awating to receive spare parts.
Anyhow provided they are currently producing and selling at these elevated prices for oil and gas we can only hope there are no other surprises.
GLA
Hawkspear,
You must take into account the dilution over the last three years when forcasting the expected SP.In April 2019 we had circa 272m shares.
Now we have 657m .
Also you must take into account the options granted to Schlumberger which will become shares when exercised.
Provided good progress is achieved in the next 6-7 months without surprises, I expect the SP to quadrable from these levels.
GLA
Rxdav,
I fully agree with you.I would even think that spudding may have already occured but announcement is deliberately delayed to keep the share price low for the benefit of PH et al.
I am sure they are very confident that the gas flowrate will be substantial based on the findings while drilling the original well.
Otherwise why build the pipeline to connect to WR-38 at this stage and not wait until they finish the sidetrack.
I am sure they have all the indications of the result, but after the daylight robbery like RNS of 8th April this can be expected from this BOD.
Best of luck all LTHolders.
My guestimate is that completion will finish mid next week, then Guram will appear on twitter.
initial testing results first week of February
Scooby rex .If clean-up is 90% successful and the discharge is continuous( not struggling intermittenly ,like it is now) I would estimate a production of 200-400 barrels of liquids a day. Good Luck to all LT Holders.
My prediction is that the expected RNS will land between Tuesday and Thursday next week and flow rate wil be betwen 650 and 700 bopd
Best of luck to LTH
In my rudimentary knowledge of legal affairs the concerned party support group is non-existent .How can they pay for the audit and which guarantee is there that they will keep their word.I think Sage 1 has fallen in their trap.
This is aclassical TROJAN HORSE situation.
Timeo Danaos et dona ferentes! Alias Beware of the Greeks even if they bear gifts!
VOTE AGAINST!!
I hold circa 2,5 million shares and intend to vote against this resolution if it comes to a vote