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There's no cash in the company to pay the old BoD..that's why there is no payment.
Torino -
Couldn't agree more - very exciting times ahead :-)))
ATB
POC - Would you rather the company go bust with the old guard as that seemed the way it was heading ? Nobody knows the finer details yet, but new BOD seem very experienced- are you happy with not having to settle any payments from the old BOD.
The man who took a 5% stake at around todays closing price and drove the director changes. He’s also the man that called GGP at 0.5p and took a huge percentage. A year later it was 35p….If he’s put his money in here and driven this, it’s good enough for me.
Remember this license has 1 billion barrel potential…Oh and the market cap is just over a £1m despite a new board coming in that’s headed departments for billion dollar companies…And got extensive financial market experience with strong contacts.
Agree Cdf! Maybe Jeremy Asher could step aside and give those in TRP simile hope. Reckon this could be this weeks hot stock! It was priced as failed this morning this afternoon there is big hope!
Page talking them down as if he knows there experience first hand. Private equity connections could open endless opportunity here and we know that is now in abundance. Also points toward funding away from ads dilution.
Remember a company that appointed ex ceo Dana ,trying to remember the name it was about 15 years ago ,it went from 0.5 to 39p ,one of the biggest rises I’ve ever seen over a 6 week period ,maybe someone remembers that also .
POC -
Let's give them a chance eh rather than doom & gloom from the off !!
GL to ALL those who can be patient enough to see what the coming weeks / months might produce ..
They are the calibre to get any issues sorted ,short sellers will try and gave their day but today failed miserably like those who missed out when the market cap was £600,000 ,myself I’ve already bagged and don’t intend to sell all ,may topside a few at 0.7
If the company doesn't get cash fast it's curtains. The problem still remains. Unless these new guys are going to stick their hands in their pocket and pull out £3-4m it's over. The company is still in the same position.
Wasn't looking good a few weeks back and a lot of work to be done im sure - but very promising and appear to be shareholder driven - who knows how high this could go - not ramping !!
Why?
Could see a huge uptake here 0.7-1.p
Guy's..it's unlikely there are oil companies beating down the door to partner Global's acreage. These new brooms don't appear to have much oil and gas experience. Where is the asset in a discovery?? They have prospective licences at best and no 3D data that is a selling point. I'm not sure what these new guys can achieve if at the end of the day the company needs financing pronto and a partner that is willing to spend $30-50m on a 3D survey before even getting to the cost of drilling a well which will take another $100m.
Wow Cecilia Yu built out and headed the capital markets function at Prytek, a multi-billion-dollar private equity holding company.
Now she’s an Executive Director of a company worth just over a £1m currently with a huge asset in Namibia…Think this is the start of something potentially massive here.
I wouldn’t consolidate ,trouble with to smaller number of shares one big buy or several smaller buys it freezes the ability to move while they are filled .Dont for forget holders on the board won’t want to raise they’ll just offer a percentage of the company for funding .
This is the one for me, will she be using her network of Private Equity clients to bring on board here? sure she will the contacts old Pete didn't.
During her decade in trading and investing, her primary focus was in structured credit solutions credit synthetics, and macro credit. Since then, she built out and headed the capital markets function at Prytek, a multi-billion-dollar private equity holding company, where she executed and syndicated multiple cross-border buyout transactions in the fintech space.
New board will be looking forward to working with this:
Global is in agreement with the widely held industry view that the drilling in the Orange Basin by Shell and TotalEnergies to date strongly suggests that Namibia has become a world class petroleum province, in terms of scale of likely resources.
The relevance of the Orange Basin discoveries for Global and its partners lies in the fact that the oil in the Orange Basin is interpreted both by the operators of the discoveries and the Company to be sourced from the Barremian-Aptian Kudu Shale. Work by the Company has demonstrated that this source rock is likely generating oil in and around the Company's PEL0094 Licence. In addition, there are further similarities between some of the reservoirs and trapping styles in the Orange Basin and those mapped by the Company in its Licence. Accordingly, the Company believes that the Walvis Basin, where PEL0094 is situated, also has the potential to be extremely successful, and has the advantage of much shallower water depths generally than the discoveries in the south.
Then raise cash.
First thing I would do is a massive consolidation 1/10 or 1/20.
NAMIBIA HERE WE COME!! FINALLY!!
Are they going to fund the company themselves and work for no salary?
WOW!game on chaps
0.12/15
atm
Motoring now-50/60% before close?
Nice! Anyone know how much the previous directors were getting paid?