Mr P,
Interestingly about Tintsfield and the Hoskissons seam, is that as of the date of the MHA reserves report, there was already 42PJ of 2P certified. So Tintsfield and the Hoskissons seam was literally a work in progress, and was achieving commercial flow rates AS WE SPEAK!
After 18 months of no reserves progress, our untested seam had just started to kick goals... And we sell..?
Commercial flow rate data (enabling reserves upgrades) are being added subsequent to the certification, and therefore not factored in to the SoA terms.
Talk about having a firesale sale, just before things begin to improve... it reminds me of an Alanis Morrisette song, 'Ironic':
"Mr. Play It Safe was afraid to test that seam
He packed his suitcase and kissed his kids goodbye
He waited his whole damn life to test that seam
And as the seam booked reserves and the company was sold, he thought
"Well isn't this nice..."
And isn't it ironic... don't you think..?"
Selling the company, into a rising reserves curve...
"ESG... driving shareholder value... driving a hard bargain."
Yaq
- Forums
- ASX - By Stock
- a 'strong' reserves upgrade?
Mr P,Interestingly about Tintsfield and the Hoskissons seam, is...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ESG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online