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Nige- you are a bit strange mate ? Whatever you smoke, give me some!
The working capital is sufficient until at least 31 December 2024 as set out in the fundraising circular. Cash balance at 30 June 2023 was $2.4m. Cash balance to year end 2023 will be about $2m, and appreciation of the pound against the dollar. Licence renewal is at the end of this year, and funding from a partner or finance incoming on the back of negotiations coming to a conclusion. Navitas will be completing FID this year by July/August so expect this will pave the way for BOR in monetising Darwin as the risk of investing in oil projects in the Falklands reduces. Navitas likely to farmin to BOR dependent on the additional partner entering Sea Lion with Naviats. A lot of moving parts being synchronised. It's coming.
Quite soon the company will need money, all you will achieve is to bring the placing forwards, thus diluting you.
A better idea would be to respectfully ask for an open offer and be prepared to fund your offer shares.
Hi Anth-Great, getting better. I'm going to create an email account which will be temporary and you will be directed from there to another one. From that email we can liase and confirm actual numbers, will look to get ti done asap
Hi Gus, count me in.
You should know how many I’ve got here. I’ll give you a clue in case you forgot. It’s a prime number lol.
Just Email the CEO and see what respond you will get rather than
Tedious Task....whatever you do , Best of luck....Cheers
Hi Gus0,
I can contribute 250k shares ( held in an ISA ) to the cause. A family member holds 910k shares in an ISA & is interested but non-commital at the moment.
Best Regards,
Buufit
p.s. I'll sound out my American cousin as well !
I’m at 1.5M shares gus. Sign me up.
More than I want to hold tbh as I added some into my Isa a few weeks back in the hope I could sell £10k from my ordinary account but I’m not selling them for this Bid price.
Hi Gus, I want to wait and see what the next update brings, and you are right to me shareholdings are private and I dont particularly hold with disclosing them, but I will say my holding is nowhere near what I might believe to be yours, or probably Anths either.
@gus
As I said I'm very, very small fry at 56650 shares (hoping to add another £50.00 worth on pay day), so doubt my frugal amount will help much in percentage terms.
Hi Diddly, appreciated- that's actually 4 of us. I need more though, imagine a hostile offer going for Bor and they need to tease the big holders for a deal. Why should we accept any less? Strangely silent here for most tho, perhaps the disclosing is the issue? Or a fund raise , big boys are targeted first with a discounted rate- why not us slaves who have been here before almost all others? I need 5% of the company in PI rep- maybe we already have half already and some.....
Not the only deepwater DP kit around...another on standby 22 days sailing time away at 6 knots.
@ Gus
You can use my name to get a good seat! Lol
Small by your guys investing standards I'm sure but as Tesco's say every little helps
The lack of tangible progress is stunning, never before have I been in such a stock with such a wealth of resource and reserves with absolute zero bloody progress over the years. Yes we have some big ticket investors here and a new very silent CEO, but no news-absolute zilch. So when it's time to question our leaders, who's gonna go? - probably nobody.
However I will and I want to represent us here as one voice with X of %, those who join will be surprised at my % in this company and together as one voice we can be heard as a sizeable % of the company.
2 have agreed, I need several more to do this properly.
Hi, Anth72,...We have also been here since before Darwin Discovery,....over the years, I have managed to get our Gross Average s/p levels down to nearly free BOR shareholdings ( 0.04488p),...it's about time we had some positive BOR news,...we are also still holding RKH shareholdings, which are looking good, (IMO).
BW
The Valaris D-17 drillship is drilling offshore Argentina. Namibia oil finds are similar to the Falklands and offshore Argentina as the Gondwana land continent of South America and Africa were connected until they drifted apart. Will be interesting to see the well result offshore Argentina. The rig is contracted until April 2025 with Equinor.
Derivate? derivative jeeez haha!
Go rig spotting, may be something, may be nothing....
Phil all I am saying is by all means follow big money but don't slavishly follow money or indeed follow those who bang on about major shareholders.
The majors, institutions etc are way smarter and more experienced than me! Can't speak for anyone else. As for hedging there are plenty of derivate products in the secondary market, not naked shorts.
Atb NH
You seem to be asking a lot about hedging nigel, the main ways I am aware of this is with short positions and options, there dont appear to be any shorts open of any size, as for options maybe you could direct me to the relevant company offering put options in borders and southern.
I’m in.
Hi Malaysia. Well I thought it was a good idea, not sure the pair of us would make a difference (although I do have a very big holding here). I was hoping for at least several or more to act as one voice, if the holding is big enough then us pi's can make a difference. Anyone want join myself and M?
The main reason is to act as a single block, one voice which can communicate with the board and be heard.
Don't often publish positions old fruit. If you make the assumption that 'x' person is not a shareholder then you may make another assumption that the HNWI's are not hedged and will not be conserved from placing dilution.
Want a positive? There's a rig, not far away...
That is a very good idea, I am a large shareholder and am happy to disclose my position to you privately.
Negative Nigel is back. Why don’t you just be honest and admit you’re not invested here Nigel?