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Hi Frank, My hope is $15 mill plus for 12.5%. Before Christmas. I would like to see us go to drill still with a holding in Ruvuma
BD What’s your call on when a deal will be done by if at all, I believe ARA/Zubairs won’t want this uncertainty kicking on threw to 2022 would they, could they be in the mix anyway along with Wentworth ??
And by the way Dan or as you call yourself mrc, I’ve met you before and I didn’t trust you then, so certainly wouldn’t trust you now. You were useless as a director and bitterness has obviously eaten away at you. Move on and try therapy to get over what your are suffering from. Best of luck.
Sorry Dan, or mrc, the correct SP would be 8p in today’s money. Do you agree with this figure. ?? Also do you not agree CH1 has more potential than NT1. Only a 700% increase then
I could be wrong of course as there been other finance raising mechanisms but I have it @217 million plus, I think you are confused Colin/Dan with positive posts to ramps post, everything folks have said makes sense but can’t think the same when a share down on small volume someone is posting negative posts, ring any bells mrc_mrc
Big double - your dilution figures seem way off IMHO.
Can you show your working?
Nice to see rise for 2nd day, doult if we will get a 3rd tbf but going to work on a bit of “Frank Magic” tomorrow and fingers crossed, they should if they not already get this marriage on the way and tbf I would be happy to Farmout 12.5% and keep our toes in to at least to the 1st drill or sell the lot to Wentworth and half cas, half shares so we have the option like HE1, I’m sure Tom being a trader like the 2nd one best, he need to prove up AD at not at his rubbish pace as we be living on Mars before we get any serious money back maybe we will take Dan/Colin on the 1st Flight with Chris & BD, sure they get on with each other like a house on fire ;o)
Evening Chris.
In the phone interview last week it seemed fairly obvious that they are gearing up for a sale of Ruvuma. They want to expand the biogas business that will cost millions. They have the advisors etc in place.
The sp is creeping up slowly but surely.
If any deal is forthcoming it could be a complete/partial sale/farmout. Imo a complete sale north of £30 million is the preferred route.
Maybe sooner than we think.
Back in 2017, when NT1 was drilled Solo hit around 0.80p. Since then we have had a 20/1 consolidation and approximately 25% dilution. Should we repeat this when CH1 is drilled it would equate to an SP of 12p in today’s money. As I understand CH1 could also hit oil as well as prove up several trillion cubic feet of gas. Nice if scirocco were still participating in part or whole.
Evening steve, best time for a buyer in the last 5 years that's for sure, maybe even 10.
2 year licence. 25% of 3TCF GiiP almost 2TCF recoverable (p50) 763BCF 2C + a few BCF for Kiliwani (Production licence to 2036 & GSA in place) and the $600,000 owed in gas already supplied.
Afternoon Chris.
Seems we are catching up.
Highest sp since May.
Maybe a deal of some sort is being done.
Both SCIR and WEN up again, we matched yesterday but WEN is further ahead today.
He likes a Bod who takes Governance seriously.
Coming from someone who puts faith in Pmg lmao.
Nice explanation mrc only you never said how they are related?
What you mean like when you were CEO Dan? lmfao.....
Yes AA - it was a related party transaction.
Read up on them a bit - they are seen by many as indicative of poor governance.
This is what the world bank has to say about it:
“Related party transactions can present a conflict of interest and may not be consistent with the best interests of the company and its shareholders. It can lead to situations in which a business opportunity is lost, or funds are tunnelled out of the company into another entity”
It has been going on here for many years in various forms. I would like a BOD who take governance a bit more seriously.
Related? That's a bit ******.
Fair play frank! I hadn’t actually looked at the trading volume that day. It was just a thought that occurred to me when I saw the awful RNS. I know if I had been holding then I would have dumped the lot on that RNS
Huge red flag these cozy related party transactions.
It looks like the last mill trade showing as a sell was also a delayed buy.
i totally agree mrc_mrc_mrc_mrd but JustScott got a point too hasn`t he, regarding mrc_mrc_mrc_mrd some think he part of the old guard !!!!
Funny you should say that Mrc. A few days ago(last week) you stated that someone must have gotten a sniff of the RNS hence the 4% drop that day.. FYI there were around £5k total sold that day… You tend to phrase things to suit you own agenda. So what is your agenda here since you’re not invested? please, I'm intrigued to know.
Frank - not exactly big news... 2 million shares is about 20 grand.
SOMEONE BOUGHT 2x 1 Million (BUYS) today so could be "TOM" or someone else !!!
Could be Wentwoth want some of it.
Still hoping that maybe take a smaller amount but have a 5 to 10% free carry.
That way they wouldn't have to spend so much at the start.
your welcome Steve better than saying their will be a bloodbath on the SP sorry Colin/Dan when there wasn`t FACTS no FICTION !!!