This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA have finally replied, saying its nothing to do with them as they only deal with market abuse & insider dealing, now is your chance to have your say.
If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.
My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond.
So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so.
BOR had a Cash balance at 31 December 2015: $14.0 million (2014: $16.1 million), so £9.86m approx at today's exchange rate.
Using latest available figure of $1.97 million administrative expenses, from 2015 Highlights, BOR should have £8.47m ($12.03m) approx Cash balance by the end of current year, by my calculations. BOR Market Cap of £9.46m today,.... with their Discovery, Acreage, Cash & forward Cash burn rate, I'm comfotable holding here.
It is a gas condensate discovery a long way from anywhere in the south Falkland basin, it is a deep water well, the Argentinians/Brits did/have political disputes over the island, crude oil is just recovering from $28/bbl lows to $50/bbl and at the moment as things stand as far as we Know Bor have no debt, have the licenses but have no further money to explore/validate the discovery and have no farm in partner....
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