Sewells, if you are right then RUBY will see a big spike in its share price. My concern is what kind of material are they currently stock piling. Does not sound like prime stuff.
One of the reasons I am adding a few shares is that unknown on the grade. The "poor" grade if you can call it that is priced in now. Any improvement should be reflected back in the share price and of course we are but a few short months from knowing.
You don't suppose they are sending samples off for testing do you?
"The Canadian unit of China National Offshore Oil Corp., or Cnooc, said Sunday it has halted oil production in Yemen due to an unspecified “security threat” to its personnel in the Arabian country. The shutdown affects the Yemeni assets of Cnooc’s Canadian subsidiary Nexen ULC, which operates a crude oil field and processing facility in the country. It comes after the pro-U.S. government of Yemen collapsed in September amid a civil war. “We’ve determined there is a security threat and undue risk” in Yemen, said a spokesperson for the Calgary-based Cnooc subsidiary. “The shutdown was progressed in a timely manner, production has ceased and our personnel have safely departed,”
EOG operates almost all of their wells. Don't really need the man when EOG is in charge of the well GEO
"Libya’s oil output fell below its own consumption as fighting spread to Mellitah, a region that hosts the country’s fourth largest oil port, the state petroleum company said.
National Oil Corp. already this month declared force majeure at two export terminals, Es Sider and Ras Lanuf, after an attempt by Islamist militias to capture them. Force majeure is a legal status that protects a company from liability when it can’t fulfill a contract for reasons beyond its control."
The plain and simple is ore is being stock piled and the above ground facilities are on schedule to produce gold mid year.
I think this is an opportunity to jump in for a few more shares.
Love the gain and expect much more but keep it in perspective
And therefore anyone living in NY will continue to pay ridiculously high taxes. SAD
Nothing mysterious. World is a very volatile place right now and the Saudi move on oil production has inflicted deep pain on a number of countries, not just shale producers.
Not all news takes place during trading hours. Local events can have a big impact on global commodity prices
Putin can easily covertly finance a mideast terrorist cell to attack Saudi, Iraqi, Libyan or some other OPEC state production. Iranians are in the same boat with low prices.
The Saudis could easily get burned
An excerpt from article
"In short, Putin is like a Augusto Pinochet or a Juan Perón … but with much more steely resolve, a massive military, and nuclear bombs.
But even with Putin's extremely visible and frightening track record before us, it's clear the Obama administration and even the investment community is still not prepared for the extent of the damage the Russian leader can unleash on his own people, on his neighbors, and on the U.S. financial markets.
There is nothing more dangerous than a wounded animal. Vladimir Putin is wounded — and he's not known for holding back."
Does anyone really think Putin will let the Russia economy go into total collapse without taking action. The Ruble is in DEEP trouble right now. Putin will need to take steps soon
Action in this case would not be helpful to world peace
Shuts down 500,000 bbl per day in exports
Saudis are causing some very intense pain for some very dangerous regimes. The endgame may not play as the planned it