The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Trump why don't you just fook off you troll.
Everyone pls consider previous posts to start new threads and starve this Muppet of oxygen. Don't want to waste another week watching him taking over the BB with his spiteful led BS
Cannot see another RNS today but you never know.
RNS 14.29.Possibly
0.3975p paid, getting higher
Now buying at 0.383p
It’s blue only because ASK is on an exaggerated 0.40p, it should be 0,38p
I won’t sell till news it’s close now
0.38 google... Could by fibbing though lol
Yes Angus but show us your sell later
Agreed. There would have been no point in such a huge step in formulating the agreement had both parties not been given a binding assurance that the extension would be granted
I think there is 0% chance of not getting the extension. Shorecan and Essar M would not have signed the contract if the extension wasn't already in the bag.
Blue on Google
When do we think the extension will be approved (if it is). Are we talking the day before the expiry or in good time?
I reckon 5% chance, they have put in so much work to get it resolved and Cathy also said there is no reason for government not to extend so a pretty cert in my view!
I think less, it's a given at his point. Loaded up and peaceful waiting not to long at all. 1p++ prespud
There you go my buy has just showed up I don’t talk **** like most on here
If you were a gambling man, what do you think the chances of not getting an extension? I reckon about 10%
Once we get the extention the larger investors will be here like rats up drainpipes
The part of great importance is the last paragraph......
Completion of the definitive agreements outlined above is subject to the grant of such an extension and other customary completion conditions.
An amended Shareholders Agreement, the highlights of which as follows:
o Essar Mauritius to carry ShoreCan for a 10% carried interest (capped at US$5 million net) on all costs relating to the drilling of the first Well to be drilled under the terms of the OPL 226 PSC
o ShoreCan will have the option to increase its shareholding in Essar Nigeria from 10% to 30% by paying 20% of historic expenditures of Essar Nigeria at cost through the drilling of the first well. The option is exercisable within 90 days from the completion of the first well as defined in the final well plan as approved by concessionaire (NNPC) and regulator (DPR) under Phase 1 of the OPL 226 Production Sharing Contract (PSC)
o The Essar Nigeria Board of Directors and management team to be restructured commensurate with its amended share structure to reflect the increased shareholding of Essar Mauritius
· A Loan Agreement with Essar Nigeria whereby Essar Nigeria recognizes historic expenditures by ShoreCan on behalf of Essar Nigeria as a shareholder loan, thus allowing ShoreCan to recover these expenditures, cost recoverable and non-cost recoverable, from future production revenue
Essar Nigeria, with the full support of its shareholders, has applied to the concessionaire and the regulator for an extension of the exploration period under the OPL 226 PSC beyond the current term ending September 30, 2020. Completion of the definitive agreements outlined above is subject to the grant of such an extension and other customary completion conditions.
As Razz says ‘expect the unexpected’
LB28 Within the RNS it stated that upon the granting of the extention all agreements can the be signed..... That is the only hurdle to jump
I agree warrants have been holding this back
?am Have you tried not feeding Donny? Its keeping him in a job.If you and a few others would leave him alone,he might just wither away
Donald what about those saying 2/3p then, even you know it’s worth more being fully funded and de-risked ready to drill