Push2Gush
03 Dec 2014
Re: Just In Well there is a very small hope that something of worth might come from the Kimmeridge at HH, but I feel the Welsh gold workings are going to do more for Stellar than that of HH, and they are now running the pilot processing to evaluate modest samples etc.The last RNS showed some really remarkable assey evaluations for samples taken already.P2G
alfa-spider
03 Dec 2014
Just In Just come in here. Reading on this company makes it sound good. Lots of shares being traded on a daily basis. From people experience here do the BOD walk the talk. Hoping this isn't another AIM mining jam tomorrow share. My research tells me not but would still like some others views/experiences. Thanks in advance.
guru310
01 Dec 2014
News are imminent From tomorrow onwards we should witness a very serious rerate upn some good news. GLA
luckynumber7
26 Nov 2014
I used to love advent calendars - but now I think their days are numbered
More4us
25 Nov 2014
Zaks Hightex(HTIG),Qatar reveals design for Khalifa International Stadium at 2022 World Cup -
Newapple
24 Nov 2014
stg Looks like they have been filling a large order20-Nov-1410:33:540.78611,500,000Buy* 0.600.6990.39kO
Newapple
23 Nov 2014
HH (Courtesy of EvilPlum (DOR) lseAccording to the last RNS they are still analysing three systems at HH, namely the: Kimmeridgian Clay Oxford Clay Liassic Shale They have only given us a TOC on the Kimmeridgian, which at over 5% is very good, and could be even higher, as that's just an initial estimate. The minimum concentration of organic-carbon content required for a source rock to become a source of commercial hydrocarbon accumulations is circa 0.5%, but it's not just about the source rock, as other factors also have to click into place, (reservoir rock, migration, seals, etc), for a commercial oil find to happen, unless you viewing shale itself as both a source and reservoir rock. The recent British Geological Survey report on Jurrasic shale in the Weald Basin, estimates the P50 to be 4.4 billion barrels, and our two licenses cover about 5% in terms of the Weald's total surface area. If we assume the catchment area for the HH drill site is a few sq miles, then the K results if commercial, would come in at circa 15 - 20 MBO. That assumes even distribution across the entire Weald Basin, which the BGS themselves admit isn't the case, because of the geology. As far as they can tell the commercial elements of the Jurassic shale oil tends to concentrate in specific pockets, and large areas are thought to be either immature or un-commercial. Generally speaking the thickness of the Kimmeridge Clay follows the pattern of the underlying Corallian Clay, with over 1,800 ft (550 m) deposited in the centre of the basin, thinning radially. The thickest well penetration is 1,864 ft (568 m) at Balcombe 1, and yes, that's the same Balcombe as mentioned in the RNS. It's impossible to tell from the information we have, if the K at HH is commercial, but with an initial TOC of over 5%, the game is certainly afoot. If the source rock is mature enough, (heated to >350°C in the dim and distant past), then there will be free flowing oil in the shale, (called shale oil), but if it wasn't then the kerogen in the shale would have to be retorted (i.e. heated) to extract it, (called oil shale). Given the oil shows and elevated mud gas readings whilst drilling the well, I lean towards the view that yes, I think we are about to announce a commercial oil discovery at HH within the K. If I'm wrong, and for any reason the K isn't commercial at HH, then we still have the two licenses to look elsewhere, and if it is, then we still have the two licenses to look elsewhere. The Portland results at both Brockham and HH, indicate that oil in the Portland within the two licenses will minimise risk as we develop them with new wells, and additional shale oil would reduce that risk further, as well as adding value, so the K results will help determine both how fast we can explore and exploit the two licences and what the eventual ROC will be. So, fingers and toes crossed, as the K results are now imminent.
Newapple
23 Nov 2014
Out of interest Posted by Blue1 on lse very busy bb over the weekendLets not forget there are more mines than just St Davids. I live in Wales and have visited lots of mine sites in the Dollgellau Gold Belt, and i can tell you GMOW are looking at many different sites, St Davids is the main one and new Electricity, fencing and security have been put in there over the summer. The last thing i will say here is a miner that worked those mines in the past has told me that there is good money to be made just on the mountains of discarded ore outside many of these sites. The technical ability to extract gold is far more advanced now, that coupled with the price of Welsh Gold makes this a mouth watering prospect IMHO.
guru310
23 Nov 2014
Last chance To get in here at these prices. More good news imminent this week on the gold. Equally more good news on the K imminent. Would we see 4P this week?
Newapple
22 Nov 2014
stg [link]
Newapple
21 Nov 2014
stg [link]
paf57
21 Nov 2014
Re: 1p today-dwiggy The mine already exists, so the capex is minimal. Even at the lower estimate it is financially profitable. Plus, this stuff sells at a premium, especially in the middle east and India/China. Wouldn't be suprised if an all out bid came from that locale after what's happened at crnd
dwiggy
21 Nov 2014
Re: 1p today "We have potential gold of about 500k ounces"Hang on GuruA regional exploration target of 250,000-500,000 ounces of Gold is GMOW's aim. That hasn't been explored yet and your quoting the higher end of this aim, it's sill huge even if it hits the bottom of that aim but this is still speculation on whether this amount is sitting there at the moment which is why this hasn't taken off yet...The next RNS could be the one that really gets this motoring, and potentially less than 7 days to wait!..
guru310
21 Nov 2014
Re: Share Price It will get there without fail. We have companies with ten times more market cap who have potential gold in outer Mongolia and two years away from production and no money in the bank to exploit it causing imminent dilution. Here we have proven resource in UK (yes UK ladies and gentlemen) and we are already in pilot production, and our gold is Welsh gold with 3 times more value than normal gold. Do the maths. HH is now nothing more than a petty cash boost for this company. This company was valued at 1.25p per share on a 6.5% share of potential HH hype of £2 billion equating to £120 million with production due in 24 months. whats the value of the 49% of £500 million gold with full scale production now and a significant upgrade expected in a week. Do the maths. Its not rocket science. Just plain facts. VERY VERY Strong Buy IMHO.
TassOil
21 Nov 2014
Re: Share Price The SP is still very low, with this discovery, the SP should be a minimum 1.5p to 2p now and yes guru310 4p to 6p in the very short term.
