Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This company is close to collapse
I have lodged a complaint with AIM as they have not replied to my request, as per law, of the shareholders.
the more people who make a similar complaint- the better
Key for me will be a wage sacrifice scheme so the CEO isnt creaming money off for non-news.
This share is very risky, could go bust.
Just to be factual, the new chairman did buy shares in the market as per 1 December RNS
Generally depends on what and who they know... Only time will tell. High risk, High reward at its panicle.
J
Well I tell you that’s the new BOD they won’t put any penny from their pocket
GLA
First post on this BB. Looks like new interest in GBP coming through. Really looking forward to seeing how this plays out with the new BoD and how their ideas and strategies will be realised with their networks available. Any positive news hand-in-hand with potential could see a quick move.
J
The BOD may be correct in what he said but shareholders does not mean existing share holders. As you said they need to raise serious cash and with it existing share holders are likely to loose 80 - 90 of their value in the next cash raise. That is 5 to 10 millions to buy new licences and start working on them.
He definitely mean future shareholders not the current ones.
This sp price is as inflated as hell. it will come seriously down before it serves the new shareholders purposes.
I'm still convinced that people such as our new Chariman recently appointed wouldn't get involved into a small cap with a £1mio mcap unless they already had a clear plan. In the 30.11.23 he stated: 'The funding will also allow us to have further working capital as we begin to look at other exciting opportunities within the sector which I am keen to integrate as part of Global's portfolio of assets with this process starting shortly. Delivering long term shareholder value is fundamental for us as a new board.' All speculations at this stage, but maybe they were just after a shell for other assets by the looks DYOR https://www.apexgroup.com/insights/apex-group-consolidates-advisory-capital-raising-offering-with-new-appointment/
Since you know qiyan alayl and you intend to rob folks with your mates. GBP has no cash do develop existing licence as it is deep under water. Exon Mobil our neighbour does not show any interest in the area at the moment. TRP has The easiest licence and yet they can't drill it simple. tell me what GBP intend to do with the existing licence? are they going to drill it ?
that need a lot of cash not available for GBP unless they loose 99% of their equity for the new jv OR
are they going to raise cash to buy a new licence and raise cash to develop it again and again till sp is 0.000001p
you and your bunch have nothing to do with qi yam. you are just another bunch of thieves thinking new investors man not know the trouble GBP is in. I've being following this for years. Now you and your bunch come with the new management thinking you can fool the lot. devil work.
There seem to be a lot of 'stale bulls' here! You need to move on!
Ahh so your agenda has come out now Rahim. You want people to buy your rubbish TRP. TRP still need alot of money to drill and the drill license not signed off yet. Asher has a fat wage of 300k he needs to raise for again shortly. He rinses and repeats and does a placing every other month kid. GBP the board are currently not taking a wage. They raised enough to sort out the walvin basin and sort out a few of the old legacy stuff and they can then progress this much much further. You have alot to learn Rahim and hence why you will not make any money in this market. When you wake up midnight do some Qiyamul layl salah and ask for help. You need and we all do kid. When you spread rumours and mischief always remember he is watching and you will be accountable one day.. Good luck kid.
Don't listen to ****roache 999. they just pumping and dumping crue.
here is what GBP up to.
They have cash for few months wages and rates.
but,
They need cash to keep the existing licences.
as the existing licences has no short term solution, they need cash to buy a new licence.
They need cash to do some work on the new licence when they buy it
only then we can see if it is successful or not.
expect sp to drop to 0.02 or 0.01 after all these dilutions.
GBP is 2 years behind TRP as they have licences in the same area. TRP bought new licences inland and still finding it difficult to even hire a rig given roads conditions and safety.
only the unexpected event of someone drilling in the area and proving gas or oil commercially viable, that any thing positive will come thin way.
a little pull back and people panick and sell. rainbow chasers. i took the opportunity to buy in today. i have been watching this unfold and speaking with a few that are involved already. old bod was lifestyle. they have been booted by the tr1 holder. new bod put in by tr1 holder and he took most of the raise. new bod are very good and not taking a salary so minimum cost involved. they will fix any issues left by legacy bod. they will then bring in more licenses and bigger investors. they will not raise any lower than they have already as the tr1 doesn't want anything lower than what he has taken. any raises will be done much much higher up and only to unlock any value, so i would ignore any of the ****roaches that have popped up today. the new bod are a very top bod they are eager to get this to a 250mil market cap with producing assets and institutions involves. this could in the next few weeks do a few hundred percent rise. alot of interest in this at present. once overhang clears it will move very fast. dyor. good luck.
GBP need at least 4 -5 placings before it could show any positive results. PTR was in GBP position 2 years ago look at it now.
It has a licence close to GBP and it is aware there is no future with that one. PTR bought another licence in land and it spend one year looking for a rig to start digging there but it did not find any because of the terrain and safety issues.
GBP is likely to do the same and fall in the same trap again.
so expect dilution to 0.000001p or less.
There are a bunch of new investors trying to make their money using twitter form time to time and make 30-40 % on spikes. that all the story.
Yet another company funded and run entirely on placings. Will people never learn?
Up more than 40%, long may it continue
Do they have any proven reserves anyway?
If you want to tell yourself stories please do, but they can not fund an asset which includes reserves by a rbl based debt, they will need to buy it and then take a rbl based debt to develope it.
no money here for pi's!!!! they will dilute you 80-90% if they will bring a killer deal, then it will drop another 50% and if the deal is good it will be the time to buy and wait.
seen it before!!!!!
Any trade at a lower price then the spot price is a sell!
Yeah, but there is no reason why RBL could not be part of a production based deal
Just noticed my trade here this morning for the 7mil shares has been reported as a sale rather than a buy...
this site is pretty poor at times
You do know that for rbl (reserves based loan) financing you need reserves..
Dilution is not the only way. The BODs all have finance backgrounds. Would not be surprised to see debt based approach (RBL) or other financial instruments
Have seen this projects before, in the best case scenario they come with a deal to the ii's for funding the deal and diluting up to 90% the current shareholders...
take i3e for example with their first canadian deal with toscana.