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2.6¢ greenvale energy ltd

Good post HC99. Spot on !!

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gobris

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07/06/24

16:46

Post #: 74220672
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Originally posted by hc99 ↑

Share price has fallen to meet SPP raising price of 5c.

Licella critical water test has nothing to do with share price fall. Supercritical water test was just 1 option. it didnt work out viable. Company has other successful options (liquefaction) that they have already demonstrated and will use.

Test 4 results were not the best because mgt have since discovered fresh rock does not give up its hydrocarbon content the same way that weathered rock does regardless of method ie supercritical water / liquefaction.

Hydrocarbon levels in fresh rock or weathered rock (correct me if I'm wrong here) are the same levels ie will produce same yield amounts (mgt chasing 70%) but require different processes in obtaining these yields. Thats what Test 4 demonstrated. Mgt now know this confounding factor (weathered / fresh) exists so will be undertaking Test 5 on fresh rock with this in mind.

Mgt want to present initial PFS with best case results so will use Test 5 results now (yet to be undertaken) as opposed to Test 4.

Mgt in the interim will provide scoping study.

Others please feel free to correct me if I'm off base.

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Good post HC99. Spot on !!

GRV Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $11.92M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.6¢	$12.27K	472K

Buyers (Bids)

No.	Vol.	Price($)
1	65000	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	41928	2

View Market Depth

No.	Vol.	Price($)
1	65000	0.026
2	41000	0.025
2	120271	0.023
5	392954	0.022
3	300100	0.020

Price($)	Vol.	No.
0.028	41928	2
0.030	306056	2
0.031	170332	1
0.035	500000	1
0.040	21150	1

Last trade - 15.48pm 02/10/2024 (20 minute delay)

GRV (ASX) Chart