CEL 5.45% 5.2¢ challenger gold limited

With every passing day I'm starting to feel more and more like...

  1. 4,878 Posts.
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    With every passing day I'm starting to feel more and more like its all over red rover.


    ASX wanted us to do something - we did and ASX has now held up that process - all that would have done would have speeded up the depletion of our meagre cash reserves.


    On the positive side its seems clear that the South African govt and DMR seem determined to rule on the outstanding exploration licences applications under the existing legislation and it looks like they've at least found gas as part of the Karoo Deep Drilling Project being conducted by the South African Council for Geosciences. (I think this drill site is very close to our licence area.)


    "“The Department of Mineral Resources (DMR) and the Council for Geoscience (CGS) are upbeat about the prospect of shale gas in the Karoo.


    Gas formations are starting to show already,” Mineral Resources Minister Gwede Mantashe told oil and gas investors at an event in Cape Town on Thursday."


    http://www.miningweekly.com/article/dmr-hopeful-about-shale-gas-prospects-2018-11-29

 
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