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RE: new issue of shares
That will not happen.
That would take a placing ie issue of shares for capital and after the recent Farm in agreement I believe that this is not going to be a near term issue. Also CEG have stated that they will use the farm in money to develop area 3 potential as they did with Area 1 so we may eventually gain a farm out investment there. Bringing on board Juggernaughts like Chevron give us Credence and will speed up drills and development which we still retain a 40% interest in. Yes this share remains a gamble but the risk reward is good value if you do not need your capital near term
But my point was ... if there are any new issue of shares they will not be affected but we will...
Meanwhile the SP falls away bit by bit…. Nothing to see here.
No mate, you're wrong. It's one consolidation, your share price goes up your holding goes down. Relax.
GLA ATB DYOR
So reading the RNS again... this point about consolidation is really interesting
"(subject to prior completion of an agreed share consolidation) the Charlestown loan shall convert into new ordinary shares in the Company, on a basis which will result in Charlestown holding a c. 8.7% shareholding, and thus making Charlestown one of the Company's largest shareholders."
basically they wont lose anything at all while us current holders can be diluted to hell until then... is my understanding correct ?
Nice video @Nas, thanks for sharing.
Always nice to be reminded of just how many super majors see the opportunity here.
GLA DYOR
Hopefully Boil will do the same
đŸ˜‚đŸ˜‚
Hardly you Briggs!
You've no shares - but have to spend your sad life here.
Every day.
Be interesting to see what happens today… someone clearly not confident or getting out ahead of the next corporate announcement…
Morecambe and Wise--------"Bring Me Sunshine"--------signature tune.
GL
IK
Wow.. that’s some dump
Thanks for posting NAS - a bit monotone - but worth listento over the rubbish on here.
Interestking- whos M&W -Mitchell and Webb:) I'm confused.com
LTID - ????
If it was done yesterday and the price was still 0.15 today what is your point?
IMO that means someone is soaking them up.
Classic Big Boy tactics to con small PIs who panic.
GL
IK
Just been announced from yesterday
JB, as a non shareholder please clarify "nonsense". I bet you can't. Any chance of you giving a reasonable argument for and against the investment case?
Briggsy - duped means some deception is evident- just point to any facts that were wrong in that video!
I bet you did enjoy it - says a lot. Do you believe others are daft enough to be duped by this nonsense.
Briggsy - as you drew my attention to it I did watch and enjoyed - plenty of pictures so can appeal to challenged audiences - try not to be repelled by facts!
Oh bore off Nas - where are you finding these 29 subscriber videos LOL
GMS...Great post !
GLA ATB DYOR
Hi GMS aka M&W (In my mind anyway) - Good Post.
Think you are pretty much on the money there.
I still think this shar is in play and indeed 2 of my previous references thereto have been removed!
Still think there is suppression going on judging by the share activity daily as previously referenced.
If I'm right then post 22/5 the brakes will be off and hopefully we see the move to your referencve points.
GL
IK