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Bor recoverable asset value is now touching 42 Billion Dollars. This is for Darwin only.
100% owned by us and only a £ 5 million cap.
Doubt it in my view, Navitas has a huge task raising the cash for RKH development as is but stranger things have happened tho.
Our asset is totally different being super light oil/condensate against RKH medium crude. In short our asset requires less wells and has a bigger out put and of course is a better asset.
Navitas dumping RKH in favour of an all share buyout of BOR??
You never know.....
As mentioned by another poster there’s possibly a tie up between rkh navitas and BOR and they are awaiting the verdict of the obrima mare case before releasing/finalising the figures involved.
For me the longer there’s no news the more this is a likelihood and I see it as positive.
Hats off to you guys who are topping up, I’ve got some spare dollar in my isa, but it appears there is a limit to how far the elastic on my Y fronts will stretch…
I’m in far enough for my comfort level so it’s make or break.
My view has been for some time that if we take off the price will go well past my 6p break even, so adding more won’t make a huge difference when I’ve got 1.6m shares already.
Although I am slightly annoyed it’s not an even 2m, but that’s just my OCD scratching at the back of my head.
ATB longs, not long now.
I also increased our BOR shareholdings yesterday, Rookie1,.....it went through on the other exchange, https://www.aquis.eu/aquis-stock-exchange/for-investors/trades?securityidaqse=BOR.GB ,.....not long to wait, to see if that was a good move.
BW
Hi Gus, there’s definitely something afoot here and I would put £95k on it, actually I already have :)
Looks like ball busting negotiations with a buyer or farm in partner, or possibly more than one party at the table so BOR are holding out for the best deal before they lock it down and put out an RNS.
As I see it these are the only 2 practical options for us and we will find out by next Mon.
News has to be soon, funding and licence extension go hand in hand I presume. They are obviously concluding business as I type, whatever that may be. One thorn that sticks out from the garden of placings is a 15 million share purchase by a professional oil and gas investor, which would never happen if finance is being raised by a placing. One caveat in regards to funding requirements is that the board have known for a very long time that funding will be needed, I have posted many times before something would be in place- even if it's the dusty envelope in the bottom draw to be opened.
We will all find out soon enough!
What do we think, news Monday? or after?
The company are very very quiet. Something afoot for definite.
I’ve just had a small top up as well …. Hope it’s not down the drain time again,
I just bought another £1k and someone rolled through with £3500 after me and mms pulled sp down. I think they want shares to be honest
Phil, exactly my thoughts as value will be decimated by any placing. So if you are a clued in investor you'd buy in after the placing when the SP is tanked. I checked the other day, Cannacord Genuity are already listed as a major shareholder dating back to before this period, this guy works/worked there and adds a 15 mil buy... ? I still stand by my analysis made a couple of weeks ago but we'll soon enough find out. Canadian majors are Suncor, Husky and CNR, Enbridge are pipelines mainly I think. Scrub BHP as a prospect, they have mining interests in Argentina. Far East gas Co's might be possible too but everything is speculation until we know.... RNS soon, EO Jan... ?
Exactly Phil, for an investment house to purchase 15 million shares one week before a placing and subsequent dilution would be a job losing scenario for someone. These people are professional investment houses and this one in particular a specialist in oil and gas. What I think we will see is either a farm in to this asset or alternative non dilutive finance.
My opinion only
This is different to previous years in that there is an rns behind it, the one thing I cannot reconcile with him taking a stake is why now, if there was any thought that a placement was coming then this is the worse time to buy. Just my opinion, we are all guessing and I may very well be wrong.
No, not in my opinion,....it was a wild day in the markets, as this article ( https://edition.cnn.com/2022/01/24/investing/dow-stock-market-today/index.html ) indicates, with the headline,...."Stocks end higher after dramatic selloff".
BW
Well if it is a P and D we will get another rns saying our new investor has dropped his holding.....somehow I doubt it.
without news this outfit becomes a cash shell on 31-Jan-22?
Well, not a clue where this is going to be heading. The optimist in me tells me no news has to be positive.
what the whole market? Yeah probably........ RKH down- 14.2%. ARG down 20%...... the list goes on and on. Brent was down 300 points earlier. As I said, nothing particular about BOR (this time anyway)
Looks possible