We should get update of commencement of D3 testing and GF3 nearing Middle Wilcox soon. It was a great update on Kingston yesterday, will be interesting to see how fast they decide to proceed with pre-FEED activities. Based on cashflow from Rayburn and 11m loan facilities, they should have sufficient capital to fund it quite easily. Though it's still early days yet, the dersiking of this project could see most of us EXTREMELY well rewarded - as opposed to just being well rewarded from Rayburn and Mesquite alone :o)
I also think the market will get one hell of a surprise when they release their qtrly revenue.
In addition to my purchase at 33c, I also bought in at 31c. One more purchase to go and I'll reach my target position in this stock before mid-July as planned. In that sense, the Hybrid announcement spoiled my last order, which was sitting at 30c but never got hit. Oh well, shall now have to pick the next weakness to buy in.
618
rayburn update
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