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Looks like something might be brewing ......... going by the share price today.
LOTM
The problem with the Namibia asset is that its going to be very hard to get a farm out until someone has a successful drill elsewhere in the Walvis Basin to prove that the Orange basin success will extend there. Much better to get something that has nearer term impact imo
Surely Namibia was the ‘golden goose’ of their portfolio? That’s why invested.
We are all in the same boat Pauly.
If you look at Cecilia and Dan’s CVs arguably Cecilia is more impressive - question is whether she has the ability to bring a new asset to the table. I have done some research on her, she has a lot of links in the Fintech space so it may be that GBP pivots in a new direction?
I also looked at Cynergy in some detail. Mike G has no background at all prior to working at Cynergy (and their associated companies) and also his business partner in Guernsey has had a run in with the local regulator, so in hindsight that may have been a bullet dodged.
Another factor here are the large shareholders who originally pushed out Peter Hill and I suspect had a disagreement with Dan which lead him to resign. They will be pushing GBP in one direction or another in order to get a return on their investment.
Finally GBP have to agree a cash guarantee payment with the Namibia authorities this month to retain their licence. Are they going to do that or relinquish and move in a new direction?
Suspect this month will be pivotal.
This is more about how I have seen my investment go 95% down and from being excited with all these super positive posts, everything going downhill suddenly.
Amateurish at best so far. I don’t have time here for irony and petty squabbles. My focus has now changed from believing in the company and investing for the future to now simple breaking even and getting my money back
Sounds like someone got out the wrong side of bed.
Anyhow, I wasn't making a statement rather an observation. Also, it seems that irony is a little lost on you
‘ a bit of a mess’ to say the least. Understatement of the year I think.
Of course Cecilia and the rest have to explore ‘alternative plans’. After all PLAN A has gone to put. So again an obvious statement.
It’s certainly a bit of a mess to say the least. Hopefully Cecilia is being credible when she tweets that they are looking at alternative plans. Im also hoping Omar and the other large holders have a plan up their sleevs which is better than the last one …
So far nothing more than a sh## show. From all the excitement it’s now looks dire. With all the big statements our ez director made there was something not authentic about it.
He left last year, its Ceclilia now (or at least this month lol)
So what’s happening now is Peter Hill running the show or he never stopped
Of courseThe Company wishes to advise that further to its announcement on 26 January 2024, the Partnership Agreement between the Company and Cynergy East Med LLC has been mutually terminated following the resignation of Executive Chairman, Mr Daniel Page
Out of interest, do you know who writes the analysis that you have posted ?
I don't think there's much choice really. It's a public co. The RNS is out there. She has to be on the front foot. She is last one left that commercially can have a story to go with. Otherwise? If she didn't do that what would happen? If she is next to go then will it be a story that Draffin is great or that Azib is great and has a plan c, d, e? I love watching this for comedy value.
Well she’s already updated the website to remove Dan. Suggests she means business. If she was throwing the towel in she probably wouldnt have reacted so quickly.
I suppose eventually it will all be known. There is somewhat of a downward spiral now and an intensifying scrutiny probably going to come from Nomad/aim-regulator. If Dan exit seemed "sudden" and Cecilia can't "transition" then it goes to show all the GBP "dream" heavily relied upon Dan leadership and once we know what really happened to trigger him resigning and once we see what Cecilia can handle we shall know if it is for the best or not. Until then "buyer beware"
Dan’s departure seemed sudden so in fairness I suspect they need a little time. If the handover were more ‘planned’ then I suspect Dan wouldn't have quit immediately and would have stayed onboard to allow Ceclilia to transition. Suspect there was a big disagreement and then Dan walked hence them needing some time.
Plan B is a necessity, cash is a mystery and time is a luxury over at GBP. If they don't have a plan B as of yet (when cash is a question) then why not have worked on plan a with Dan? What's going on with their cash/raise and why such a mystery when they're down to the wire? If they say cash is no problem I'd love to see their maths. Do they really have time to figure it out? If they did have a little time to figure now that things are under scrutiny given Dans resignation then how much time and cash do they really have? I don't think investors have the luxury of finding out too late
Assuming there is a plan B, they probably need a bit of time… Dan didnt immediately announce the Cynergy deal
No doubt there is a plan-B with Cecilia post Dan resignation. Otherwise GBP will am sure have told the market thru RNS that its all at a dead end. Hope the plan B is real and if so why not divulge such plans (especially now) and deliver upon such plans?
Sounds to me like a dispute between Dan and Omar re placing funding for the Cynergy deal. Hopefully there is a plan B with Ceclilia
Https://sway.cloud.microsoft/4RM18uex06cfhtUF?ref=Link&loc=mysways - analysis into Dans resignation
https://sway.cloud.microsoft/LHHEp3KiHxUaAsM4?ref=Link&loc=mysways potential for disclosure issues at GBP
https://sway.cloud.microsoft/ImqWd8S8I5cXXfTN?ref=Link&loc=mysways what next for GBP?
https://sway.cloud.microsoft/ni04pDu5QiI5aV69?ref=Link&loc=mysways sentiments from social media mentions
https://sway.cloud.microsoft/ssGfjmDcBKD7GiUr?ref=Link&loc=mysways ultimately cash is king. Can GBP survive let alone Thrive...
It's strange how you couldn't buy for the first 1.5 hours of yesterday and some long periods in the afternoon.