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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Mirada Share Chat (MIRA)



Share Price: 1.20Bid: 1.15Ask: 1.25Change: 0.00 (0.00%)No Movement on Mirada
Spread: 0.10Spread as %: 8.70%Open: 1.20High: 1.20Low: 1.20Yesterday’s Close: 1.20


Share Discussion for Mirada


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jollyspeculator
Posts: 22,205
Off Topic
Opinion:No Opinion
Price:1.125
just wrong post
12 Oct '17
imv..

..schadenfreude is not just unattractive, but also excellent indicator that you lack inner peace

..delight in others' successes (and learn from those that aren't just random/lucky), and empathise with (and learn from) their frequent mistakes
 
mannnan
Posts: 37,593
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.05
RE..Looks like
11 Oct '17
wrong day wrong post .....should of been yesterday
jollyspeculator
Posts: 22,205
Off Topic
Opinion:No Opinion
Price:1.05
RE: placing
11 Oct '17
Tks, Spike..good post

Grateful for any feedback from AGM
spike501
Posts: 616
Off Topic
Opinion:No Opinion
Price:1.025
View Thread (2)
RE: placing
11 Oct '17
Jolly - I think some sort of facility like this might be likely and while they are not great, in this case it might not be the worst option.

I think as soon as the financing is raised, there is going to be some sort of relief rally in the market that it is place - just as long as that financing is not the entire amount upfront by issuing hundreds of millions of new shares at a discount to todays price - I think that is currently the markets fear.

A facility where they can draw down only the amount when needed, so there is no large upfront dilution would not be the worst option. AIM shares where financing is obviously required, always become vicious circles - financing is needed so the SP drops, which makes financing more dilutive which pushes the prices down further and so on. It does also work the other way though and if the financing looks like it will be less dilutive overall than the market fears, then the SP climbs and so it is even less dilutive and so on.

What would be best - short of conventional financing - will be if they get a financing facility that gives the option to repay either in cash or by converting at some point in the future. It seems that only short term financing is needed to see through to the launch of ATNi and hopefully the ongoing progress of Televisa.

One interesting thing to note is that the nominal value of the share is 1p, which is where the current market price is. They cannot issue shares below nominal value so would have to call a general meeting and conduct a share split - that nothing has been aligned with the AGM that has now been called is a positive sign.

A slight fly in the ointment currently, is that the peso, having climbed significantly and returned to where it was pre-Trump, is currently weakening again as the NAFTA talks are making people nervous. It is still nowhere near the depths it reach (currenty 18.7 per USD, having dipped to 22 per USD after Trump), but it is increasing uncertainty in Mexico again.

I'll be at the AGM on 30th.
jollyspeculator
Posts: 22,205
Off Topic
Opinion:No Opinion
Price:1.025
placing
11 Oct '17
possible, but perhaps more likely one of those horrid equity facilities that are so widespread on AIM?
mannnan
Posts: 37,593
Premium Chat Member
Question
Opinion:No Opinion
Price:1.025
jollyspeculator
10 Oct '17
you think the placing coming ?....look like this will go sub1
jollyspeculator
Posts: 22,205
Off Topic
Opinion:No Opinion
Price:1.025
mannan
10 Oct '17
all will be soon?
Camkite
Posts: 3,195
Off Topic
Opinion:No Opinion
Price:1.075
RE: spike/camkite
9 Oct '17
Hope you didn't buy on my say so jolly... Sadly I'm not the outsider https://youtu.be/m7NuVjpi72c

Down too & I was way way hasty buying on Friday, but, tbh, don't feel its too much of an issue, just wouldn't be looking at paper loss.

After reading many rns's & given state of play don't think the WC issue is anything to be fearful of more something that needs clearing up but of course, as always, could be proven o so wrong.

All good this end hope the same for yourself mate.
jollyspeculator
Posts: 22,205
Off Topic
Opinion:No Opinion
Price:1.075
RE: spike/camkite
9 Oct '17
Hi camkite hope all well

..I've lost several hundred pounds here..I like what little I understand of Mira's market position and management...but the probable need for more WC keeps me on sidelines

I hope to join the fun with some serious dosh in the not too distant

Good luck & go well
mannnan
Posts: 37,593
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.075
Jolly
9 Oct '17
Are we Chinese or Japanese




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