Highlands Natural Resour... Share Discussion Threads

[yasx] 10/6/2016 08:05

PC,

Here we go - collapsing.

Double top on the chart confirmed.

[yasx] 10/6/2016 08:05

So, initially they expected tests to be undertaken in the March - May range, then July, now, well it could be September. Still no patents approved, so the delay is no bad thing from that perspective.

All we noted today was that they hired an engineer - hardly a material Board level appointment, so if that is all you have to shout about, news must be thin on the round.

[stevedawn] 10/6/2016 08:04

The market does not like delays. This could test low 40's

[tidy 2] 10/6/2016 08:04

Never mind bump in road. Switch to AXM

[patientcapital] 10/6/2016 08:03

July to September. Could be a very long summer if the latter.

[yasx] 10/6/2016 08:01

The target of sub 20p remains firmly intact...

[yasx] 10/6/2016 08:00

Trial schedule again delayed.

The double top was yesterday confirmed. Expect an avalanche of selling now...

[monkeymonkey] 10/6/2016 07:56

couple of months might be to late lol,

[gimmetheloot] 10/6/2016 07:56

Log company is duly funded until end of 2017 ;-)) yes delay in testing but the timetable is very positive overall news ;-))

[myst1] 10/6/2016 07:53

Good news overall, but like some have said the delay will probably see a sell off in the short term. My plan is to concentrate on EMH in the interim and get back in here in a couple of months (hopefully with a much higher holding!)

[patientcapital] 10/6/2016 07:52

Formed a nice DT on the chart. 'DT' what a coincidence.

[sja123] 10/6/2016 07:47

Some short termers here will see negatives in the delay....and I'm sure log and his like will use it as a stick to beat us with today....however, as I have them all filtered, it won't matter to me!

It was always the case that one test at one time was not going to prove the success of this one way or the other....as I have stated before, it is my belief (and pretty logical) that many tests will have to take place on suitable wells and there will be a gradual adoption of the method as it proves more successful than whats around presently. There will doubtless be a steady drip feed of information over the summer as tests take place....

Mr. Mata's arrival at HNR will galvanize the company's own efforts in marketing DT Ultravert and add to the already dominant position of having Schlumberger and Calfrac offering the method to their client base. I assume he will add to the weight of the team now negotiating with Great Western Oil & Gas....where they are looking to add to the testing process with up to 30 wellbores!

On balance, there is some frustration with perceived delay but hopefully, a recognition by long term holders, that this was never going to be settled by one test anywhere....it will be a process....and we have a timetable now for that process to commence...

All imo etc

[barnes4] 10/6/2016 07:44

Hope peeps are not too deep?

A friday rns says it all

[patientcapital] 10/6/2016 07:44

Sunny day. Time for the shorts.

[2prsimo] 10/6/2016 07:41

Given that RNS, there could be a big "Batman's ears" forming on the chart - be careful folks

[barnes4] 10/6/2016 07:40

Anybody reckon Natural Resources will be on the moooove todsy? Rofl

[herschel k] 10/6/2016 07:37

Of course it doesn't Log.So predictable

[loglorry1] 10/6/2016 07:37

Ha ha well the company is trying to bury bad news within some other barely material stuff. Fact is there are big delays and no results for months. The hot money won't stick around that long.

slight positive that confirmation of no cost to HNR but that was assumed by the bulls anyway so in the price. Also no detail on the extent of the trials eg refracks per well bore and still only indicative terms with Schlumberger. They hired someone.

Cash raise now much more likely in my view.

[milliecusto] 10/6/2016 07:37

Fao keya,he has left not schum for hnr,please read the rns right this time,the word former is the clue,talk about skipping key points to ramp it.

[cufes2] 10/6/2016 07:26

Of course it is . . . looking forward to your comments . . .

[loglorry1] 10/6/2016 07:21

Delayed trials is the big takeaway. Will comment on other items later. Doesn't look good.

[cufes2] 10/6/2016 07:16

Interesting appointment with both an academic and operational background . . . . . . Schlumberger appear to be a rather interested in this, contrary to what some have suggested . . .

[herschel k] 10/6/2016 07:08

DafadI suspect the share price will fall due to delay, but it will rise again......ask yourself why others are paying......H