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DaProphet, that's the problem with consolidation, very rarely is it in shareholders interest, it's done so the bod can rinse & repeat with each future placing being less than the previous one.
It just looks like there shrinking the shares in issue so they can further dilute the market in the future.. Dodgy sales man trick imo
This is the worst share ive ever bought period..
The thing is after all this dividing of shares a year or 2 down the line loads more shares get issued diluting the market more thus sending us back to the original share amount. Just another way of trapping you imo for even longer..
So basically it makes your old investment loss alot harder to break even..as the price per share now is less likely to reach a greater number. I would need a share price of 36p to break even instead of 3p on my old amount.
Whatever shares you buy now though will be divided by 10.so your not any better off surely?
On the shareprice being 3.5p in the future or have i got this all wrong?
But 1 for 10 share offer will make it 3.5
RR,
It's not 3.5p, it's .35 of a penny.
Delato, agree, buying shares now with a guaranteed increase in the Sp to 3.5p is a no brainer.
Stick around Bully, I'll copy and paste your comments in 6 months time, so don't you be going anywhere.
Yes, I'll be taking up the offer, any that's left will be snapped up by institutional investors, basically it's to reward holder's for their support.
Now new buyers can buy at a discount also and reap the rewards.
Safe investment now.
Thankyou deltalo at least one member who knows what is happening instead of moaning about one drill at P1. Heres to a great future with this share and all the opportunities it has in its asset base.
The risk is now gone, the company is ready to move to the next level and produce many times the current oil production with Saffron#2 and Suriname,
It's a great opportunity for existing and new investors to make some serious returns here.
All begins on the 17th may so now let's look forward not back.
Willec
Your inability to see there is no money top level. How do they pay for the below when they are so far in the Red. A terrible placing like I said, and I said .35, but no no no, I was just a bitter investor who had an axe to grind. No, its not personal, and I would have jumped back in at .35 if the other news wasn't so terrible.
You wrote, well let's see what happens
"ZagEgypt more drills to come starting May 2021, literally weeks away"
With so much in H2 of 2021 and next year make the most of these cheap prices. Bargain if ever I saw one and would be long before these prices are well gone as we head higher.