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Demon G, the only explanation for that would be that he has a limited window of opportunity e.g. to get CUDA.
LB is correct on the forward selling , when TR1's did turn up on a true and regular
basis you could take two pieces of paper on one list the announcement messages
amount and date supposedly to hit the market
On the other the date in the TR1 and shares held, in many case if you then slid the
two papers to match up the holding they all fell one step out , showing the previous
tranche had be sold and the next date was the day the next tranche to be called for
Stuck out like a Donkey's dick especially on CLN's and likewise with each 1% move
reported back then also became obvious the level of selling and when so could see
the prices they had bought or dumped at
Not the now if they bother to send at all or give a hey guys todays fantasy is we just
dropped or gained 10-15% of your company the day before yesterday *******s
Hence the pump and dump market since late 90's price pumped up to gain profit
margins to sell down into a drop aka the dump, rinse repeat as many times as it
takes to get clear
Remember the recent placings warrants and option issued since last summer
0.15p 0.20p 0.26p 0.32p will have all made nice profits for the wonga boys before
and since return 0.6 and down
Event the many 0.39p Warrants issued last year including 141m to death spiral
scum YA/RGO twins where probably part of the 802.5m announced as having been
now converted on the 23/25th August as is their mantra probably forward sold
and their 0.39 dumped on opening (nice work if you can get it) Zero outlay or
commitment to convert but like flies on **** when the opp arrives lol
:))
I am new yes, but learning fast at the deep end, it would seem.
The only disaster I can see is diluting by half to pay off CUDA's debt... that sounds a bit ridiculous even to me and I doubt that will happen. Getting Cuda's assets if at a very good price might work out pretty well.
Haha maybe its for another Nigerian Prince's oil prospect?
Trying to catch up on posts I am ought on the Town.
Right, no official RNS, no Sedar announcement.
Before we all go and lose our heads up our own backside - could the Broker have made a mistake? Wouldn’t be the first time, HSBC told all that our shares are moving to Canada.
It’s human nature and only natural to think of the worst case scenario, we could all be worrying over nothing or some may think consolidation is good.
Anyway, stay safe and good night.
Hoping. Exactly. Market cap still remains at £50 million odd. Personally I do not see a problem with consolation. I have mentioned a couple of times we need a consolidation.
Well, if he does a raise at less SP than previous raise after having purchased an asset worth 4 times current SP producing oil at 4 times initial purchase then he must be one of the most incompetent CEO’s in living history, lol. Most dodgy CEO’s have the nous to pump it first before a raise. You guys were all screaming out for consolidation and now it’s a fate worse than death! Make up your mind.
Do you think some posters on here know about this? Supposing it were as you say?
The wonga boys where always dumping regardless of a consolidation its their mo
quick safe profits lenders not investors in for the journey
The consolidation fingers crossed is as others have mentioned with REAL II and financial
house in mind not the dump double quick brigade that many foolishly believe are
investors cause it says so in the RNA message
Clue is II's are in for organic growth and dividends not just the next spike, the dilution
could come in the form when/if it arrives as a single high level finance house taking it
all and sitting with a high percentage of the company for years to come looking at the
big picture not the next news spike to dump more
Todays MC is just on the cusp of £50m where such companies start to take an interest
could be Arty (give him some latitude for now) has pulled off such a deal and have said
before they like to see their shares much higher and the shares in issue much lower
dividends in pence not confetti fractions
Said before dilution if done for the right reasons is a good thing and adds to the share
value, been in some stinkers in the past e.g. anything with Andrew ******* at the helm
consolidation on a regular basis after ending up at square one again after more rainbow
chasing , no progress and still no revenues and the scum of the earth YA II PN death
spiral CLN finance
So now we wait for the why's and wherefores but at the end of the day at 100-1 today
we would be 0.32 and £50m MC going to 156.4m shares at 32p and still £50m MC
An asset with a base value of over £200m , Growing production and revenues , more
reserves and production/revenues from the Deeps that could be prolific Horizontal
wells in comparison to Shannon/Miscible operations
Also Nigeria the original Arty dream maker still on the books and could be bigger
Hardly the Andrew ******* did nowt made nowt ever with 3 consolidations scenario
Do not panic YET lol
:))
Ah.
@lokanraej are you new here?
Around 10B shares were printed and sold since December -- to private contacts. We found out after the fact in every case.
CEO even made a video where he bragged about how hard he was working doing it.
“have”
No SEDAR no RNS. Not even a Tweet.
Good thing we have two full time investor relations companies on the payroll
Are companies allowed to do secret placings, forward sold by placees?
I can’t see any official filing for this in sedar. Cawcaw where gave u seen it please
So you are saying this recent selling was not just to do with past placing shares, it was a lot of favoured investors who have been told about an upcoming placing?
Now I'm as pessimistic as the rest of you.
But is there a simpler scenario where Art talks to institutions and they say we'd like to invest but not with 16 billion shares, get things looking a bit more respectable?
LB can you honestly say it wont go lower ? Not so sure about that , nothing good seems to come out of this , its painful
Thanks CawCaw, if it’s official then it’s official.
They were talking about future financing nothing more and all companies need to to this at some stage to grow. I really don't think that at the current time there will be any placing. He has cash for the moment and i think he wants things to settle down and doing the consolidation will actually help that. Just my opinion. We will see Monday.
Liking the humour interjection Noob!
With you on the beer also...but not overly worried.
That often spoke of, 'twinkle in his eye' moment. If you watch in HD, you can zoom in to his eye and see the reflection of Kate's new diamond belly stud...flawless!
I for one, will travel any where on the planet to attend the next AGM.
Chocolates or tomatoes - I am undecided.
Big dip on monday if no cracking news.
Back to DNFIU level again....
@Shaa sorry to say but we have official news. This is happening.
Nobody knows that there will be a placing, but placing is the specific rationale given by the BOD when they requested permission to consolidate.
They literally said that's what they intended to do: Consolidate, then "facilitate additional financings" because the shares have enhanced "marketability". What else do we think that means.
QUOTE "such consolidations may enhance the marketability of the Common Shares and could facilitate additional financings"
What else is money being raised for, via road shows and consolidations?
No way to know, since investor comms remain sealed tighter than a Scottish nun's furry change purse.
Art talks a good game thats about it .. Iv stuck around here for 18 months , in the grand scheme of things some would say thats being impatient , i just feel there are better options out there with less complications .. ! Im gutted because i had high hopes here all the talk of 1-2-3p embaressing really
Good lad noob lol. Ps had a good few drinks tonight all to confusing for me
Evan3020 I have over 15million of Arts little beauties trust me I hope this is all pie in the sky.
@cawcaw
Agree he needs money, lots of it in due course and dilution will happen at some stage, but im not so sure its 100% - as different territory now.
If he said to II on the inside line - we will consolidate soon, we raise more following this - then you can load at its lowest when announced - it would
dilute PI even further
then increase II positions
gain capital for drilling or acquisitions
ultimately PI lose short term but win long term if true value starts to be achieved by the capex
If your right - and you could be - PI should sell and buy back in following dilution announced when at its lowest ebb - just when II buy in if this scenario is valid - if not viable to sell then top up when its announced and ride the storm again, but its one step closer to safe harbour and material rise as production increases paid by this further dilution.
OR
AM doesnt dilute right away post consolidation, allows multiple news pending to roll and increase SP now most sellers gone, gains the II at what are still bargain levels, then dilutes later once healthy SP for less shares and more cash return, sentiment retained if explained well as an additive measure for exploration or WI increase etc.
Equally - AM cannot spend without his lender approval - he has demonstrated cost savings as a priority, good business practise -how dose his accountability to them work in this regard , gaining funds like this of old, taking PI kids lunch money in these terms, yet again? what message sent? live within your means is what the lender wants to see, demonstrate your financial management stability. We are now a producer.
Lets be honest wtf has Art bought to the party for us PI absolute zero , its all about the big fish this share , asoon as i get the chance at my price im out of this, something doesnt stack up for me, other O&G comps motoring off the back of the recent surge in prices, yet we are 50% down from open , it makes no sense !