Tungsten is a mid Octobdr event.
Mob expenes willl hit in Q3 due to our inability to commence drilling. Will be a bad quarter hence the shorts playing on 1.41-1.43 book value. This is down from $4 a few yearsago. Significant loss in equity for a fleet only capable of producing 30-49 cents in earnings.
What will be the execuse when the stock isnt moving and Tungsten and Sapphire are announced. Will be in the same as we were last fall. 1.80-1.95. Big deal.
Some of the web sites stopped updating the ships location a few days ago. I hope it's at the drilling location and drilling by now. Who knows... Will see if we get a update Monday...
I did call Vantage Friday at around 3:30pm and requested a update on Tungsten. Was secretary put me on hold a few minutes and actually thought I would spear with someone. After the wait she took my name, number and said Mr. Braggs or Mr. Smith will call me back... Never did... LOL
Its not updating because there are no AIS-base stations in or near Myanmar, so no (free) marinetraffic updates. The same happens for instance during ocean crosssings, the ship gets out of reach and therefore seems to have disappeared of the face of the earth. But it has not nor has Tungsten,
And do you go to bed early XMAS EVE because people tell you Santa Claus is coming ? ... lol ... Hope you have a good supply of Grecian Formula for Men ( ???????? ). You'll need it waiting for them to call you back.
You need to build up your relationship with Bragg's secretary. Send her flowers or something and maybe she will keep you informed. All the rig needs is to get on location and the clock starts, no need to be drilling.