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Here are the facts from the interview: new company for new shareholders. the existing shareholder will get th delution.
However, executing this restructuring plan may require the support of shareholders. While it presents an avenue for value recovery, it may necessitate a capital injection, potentially through a discounted offering. Such a move could lead to dilution for existing shareholders but would empower the new board to implement its strategy effectively. The willingness of shareholders to back this initiative will be crucial in determining the success of Global Petroleum's transformation.
Where are the getting the money from to buy a producing asset? And who is going to pay for the technical review work. They have no capital. Pie and Sky.
Https://sway.cloud.microsoft/JZef3qXQssFrsbnj?ref=Link&loc=play interesting one to read on all things Global post ProActive interview
Very good and well delivered interview. Lots to look forward to. Ceo didn't take a wage for 3 to 4months. Great to align with us shareholders
They are serious about this project to succeed. Looks like they want to bring in a producing asset very soon in the middle East via cynergy. Any news on that and we will multibag.
Proactive interview coming out today per the company’s official Twitter
Going to be good one esp after the last article was v v well received
Company will need to raise $$ to secure Namibia acreage
And despite the noise has no acreage in the Med.
Big dilution coming
I’ve read the latest article with the new BoD involved and I’m quite optimistic to see where this can go, it’s definitely worth giving them a chance. They sound very positive compared to old BoD
I have learn lesson in AIM to get in position when price in bottom because chance to go downward is little than multibag upward possibility...before any mega news release
Will get release, and once release there is tiny chance to get in before multibag:)
Lots of blue and volume build up...take a position:)
People scare for another funding but that may not be soon as partnership and new board bring this to success before any further placing and it may happen, but not with this price so, join while it is in bottom and look the new incharge for this tiny MK
Board of cynergy looks immense
#gbp
Now for those who are wondering how strong this partnership with cynergy are then look at the key members are of each board and you’ll realise the scale level #gbp is working with
Cynergy
Mike germanos - founder and highly connected in the $oil space including gulf sovereign wealth funds aka royal families
Richard Luddington - senior advisor to Rothschild, clients are governments and institutions
Nick Cochrane-Dyet - senior advisor to BP Chief Representative in Abu Dhabi and chairs the Middle East Advisory Board of the Energy Industry Council
Sir Graham Hugh Boyce - former advisor to Lehman brothers in Middle East, now current advisor to Namora. Former diplomat
Yaacov Amidror - former security adviser to government
#gbp
Daniel page - former head of asset management kpmg
Cecilia Yu - credit trader and founder of billion dollar hedge fund
Azib khan - actuary and equities research
This is a mega team forming here
political connections
sovereign wealth fund connections,
senior advisors to TIER 1 $oil and gas companies
connections to Middle East $oil and gas
News Articles showing cynergy looking at multi billion dollar projects
Daniel and Cecilia expertise and connections using #gbp imo to be part of this
Something really incredible is being here and now I think Daniel page was being prudent when saying 250m market
Much more thorough review of the Cynergy Global considerations and potential of the deal here https://sway.cloud.microsoft/rsyMeH22UuhvpMxO?ref=Link
Great to see that Cynergy now giving some pointers on its thoughts on Cynergy-Global partnership. Here's a twitter thread with Cynergy first response on Daniel Page interview https://twitter.com/cynergyeastmed/status/1754361530781446181?t=Pcw2Ge5dQCdNlOWDOC5n-w&s=19
Up 40% on 2/2/24 to 0.185p
On 30/11/23 CMC raised 253,000 in a placing at 0.06p ( over 200 % increase in two months for the lucky few there )
AIM investors only make money if insiders .
This is primarily an asset play. Previous management didn’t seem bothered about whether they did a deal or not - they had no shortage of opportunities. It seems that the new team are willing to think outside the box…we’ll see what that produces.
Lots to prove....and whilst the PR machine kicks in, helped along by some blue eyed punters. The bottom line is that they will have to raise at some point, so dilution is a given.
IMO options are not to testing 100m at 0.06, yes please. The new guys have already 3 bagged, haha
Of course, there’s plenty have failed. But let’s see. They’ve not been given half a chance to layout their plans / drop some solid news on assets and you’re already bashing them down lol .. I’ll agree with you if they do something daft.. until then I’ll remain optimistic.
The thing is smkr, for every example you give me regarding an incoming board actually increasing the Mcap, i can give you 100 examples that have failed. So you have to ask yourself; Is this new board one of the 1%ers?
The onus is not on me or anyone to give them a chance as the chance of sucess is too low. It is up to the new board to prove to us that they are worthy of a chance given the such low probability/occurences that what they say will actually come to fruition. in other words, show is something tangible.
People said the same about crcl when new chairman arrived with a fresh plan last spring at 4m market cap, it’s now 14m and made an oil discovery. Sometimes don’t kick things down until you’ve given them a chance eh
Apologies for the negative tone, but...
How many times have we heard an incoming chairman of a tidler such as this state that "our goal is to reach (insert ridiculous mcap figures orders of magnitude above current mcap) mcap by x time", and "fantastic unrealised potential" (that somehow, the previous board couldnt capitalise on??) If i had a penny for everytime we heard that one.....
Its also nice to see the new board have their priorities straight by outlining crazy renumeration packages, including "consultancy fees" and shares that vest for just 60 days (just in time to dump on the market after ramping up with silly aforementioned statements)
Extremely skeptical and dubious here until proven otherwise. Could be a quick in out trade from now until this 60 day vested period as the new board will be ramping this up, but until they actually show the market something other than sweet talk and dreams without a plan, i will assume this is another lifestyle AIM "company".
Of course, it would be great to be proved wrong! Now show us something of value instead of the usual waffle we have all heard a thousand times.
With GBP current Market Cap of £3.17m, that's an impressive target:
The 10-year goal, the chairman said, is to reach £200-250mn.
I will continue to hold,...thanks for posting the link ( https://www.energyvoice.com/oilandgas/africa/547094/globals-new-board-takes-aim-at-africa-and-east-med/ ), Aimtrader999.
BW
Lol most can't wait 10 mins let alone 10 years!
Goal is to reach 200mil to 250mil market cap.
“If you want sovereign wealth fund backing, you would hire Dan and Cecilia.”
Here's the link. Wow!
https://www.energyvoice.com/oilandgas/africa/547094/globals-new-board-takes-aim-at-africa-and-east-med/