Post by
taal on Nov 04, 2021 11:18am
Wei 1
Participant asked location of Wei 1 well ..not once but twice and a little song and Dance answer ...orshould I say No answer...But judging on how it was answerd ...It most likely will be in Northern Corentyne and Not Demarara
Comment by
Rapsani on Nov 04, 2021 12:06pm
Thank you for asking.. we all had the same question. My take was they seemed to be caught off gaurd that the name of the 2nd well was made public.. perhaps they realized that shouldn't have been released.
Comment by
soulfire on Nov 04, 2021 12:10pm
They inserted in the "Cautionary and Forward-Looking Statements" They probably thought no one would read this section
Comment by
RightAngle45 on Nov 04, 2021 12:48pm
With this slip of the tongue or the pen, you would think that share price would react positively. but no,,,,
Comment by
jtdd on Nov 04, 2021 12:53pm
If JDC is still unloading whatever they have left of their 14.5M shares, the price won't really be able to move upward til positive news (hopefully).
Comment by
waitingstill on Nov 04, 2021 2:56pm
Well, RBC has barely sold anything today. Net positive 6000 shares with only 4100 sold. So I think we may have seen the last of them/JDC? I hope so. But price not rising yet. Might have to wait a few more days it iseems.
Comment by
Miftee9 on Nov 04, 2021 1:39pm
Been with this stock over 20 years and here is what happens when news is announced Good news - Price drops Bad news - Price drops hard No news - Price goes up
Comment by
ljmorin on Nov 04, 2021 2:41pm
Exactly right Miftee, If you are sure it's going to go one way, just bet on it going the other and you will be right 9 out of 10 times. They only thing that will change that IMHO is major commecial hit. GLTA,
Comment by
Studley on Nov 04, 2021 12:24pm
The rumors should start this weekend - positive & negative . Personally , I would not want to be short but that is a game I no longer play . Management pretty confident of Kawa to be planning Wei .
Comment by
Coloradobuff on Nov 04, 2021 1:07pm
Is CGX planning on drilling three wells regardless of the outcome on the first two? I ask because does it matter that they mentioned they are getting ready for well 2. It could be that the first well didn't hit so they want the second well going quickly. I hope they did hit and screwed up by announcing the second well.
Comment by
stark15 on Nov 04, 2021 1:21pm
....or it could be Kawa hit and they want to announce a 2nd hit asap to keep momentum and share price rising.....glass half full.....half empty.....
Comment by
Coloradobuff on Nov 04, 2021 4:41pm
So you think they hit with Kawa then? As a long that would be great news.