£150K INVESTED HERE!,you've got balls mate,obviously this company is way undervalued but this id AIM,I've got 30k here but unfortunately at 62p as I've been here some time,I' not bothered about the extention,Afri governments are always dodgy and can take an age to make decisions,especially if theres no big back handers on offer as the companies in question are small (not inc Lukoil) . I'm glad to see someone is up on this deal,good luck to us all here,theres many here who are in balls deep and at a big paper loss,I've written this off to at least spring next year,pop on here now and again like today just to read the RNS, anyway wittered on long enough,GLA, Regards,GFB.
8 weeks,so what... RNS lets the market know that Lukoil want it and it gives us up to 8 weeks for a speculative takover prior to completion,couple that with drilling BEFORE year end AND THE CRAZY DISCOUNT WE ARE AT.this is a compelling buy.
One major hurdle still to cross is getting the Cameroon government's approval, and we know how long that can take. Does the word "imminent" ring a bell? This, coupled with the Russia situ / increasing sanctions and a slightly wilting faith in the BOD and their ability to close this deal, doesn't bode well imo.
I'm glad I held off topping up. Next few weeks may definitely present some good opportunities to though. I am keeping the faith, roll on October.
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