The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I have had enough for tonight. lets see what happens tomorrow.
100m shares placing!? 25% bought by petrovis may not be that bad!
lets see what market will decide tomorrow.
LP is still the key I guess!
Guys,
I have had enough for tonight. lets see what happens tomorrow.
100m shares placing!? 25% bought by petrovis may not be that bad!
lets see what market will decide tomorrow.
LP is still the key I guess!
Guys,
$25k on a $4m raise is pretty small fry. I read nothing into that. The CEO has to partake and this seems the bare minimum.
Fundraises take a little bit of time to put together, so would've surely known this was in the offing a week or so back and makes it even more galling listening to his misleading words of 6th December.
I do hope they do a live, online/video conf Q&A at the AGM. There's certainly questions I want to ask.
Dozzawba - your measured thoughts on all this? And a comment on how this looks for the LP?
I don't see where any of these funds are being raised to advance any activities with near term cash flow potential. I will not participate in this raise as a result and will just take my share dilution punishment and live with it. There are other things I can invest into in the interest of portfolio diversification at some point, but to be honest, I'm not sure what they are at this time. At least we can make a few nickels just sitting on cash. I agree with some others this is not a positive clue as to how imminent the LP is going to be, but hopefully I/we are wrong about that. It IS a good thing that MB and especially Petrovis are buying into this offering. I'm not really super concerned about how long this will take to come right at this point, so long as I think it will. I would also say that MB buying in is a clue he intends to stick around (or cash in if they get bought out.) Finally, we all know MB gets most excited about drilling for the big hit... he basically said it himself. They probably did the math and realized if they don't do the raise, it's going to be hard to drop the drill into Velicraptor this spring and have enough in reserve for the Heron thing down the road. This to me is also a strong clue that GM is going to grant PM a number of new exploration blocks. I think MB wants to "go big or go home", as they say.
Having said that, strike at Velociraptor and they'll be able to sell out to a competent Multinational who the Mongolian Government would have to play ball with.
BP my thoughts on you don't change - still a deceitful and dishonest investor and you have proved a point by stating the old adage - "I told you so " that means more to you than anything - tells me everything about you.
Why don't you have some "balls" and get.on board and buy back in at 2.5p and cut out the constant crap you keep posting.
Was the British ambassador in on it? Hmmmmmmmm
It's not nice to enjoy someone's discomfort Hamm but your previous posts rubbishing all things Petro Matad and then your overnight Damascene Convertion to all out ramping lunatic make it easier.
What’s the betting the Mongolian Gov want in at this ridiculous low price…. Was MB forced into a 40% mates rates placing to assure the LP gets granted as planned? Hmmmmmm stranger things have happened.
isn't it stupid we have oil but we cant take them out and then we look bloody somewhere else to find fuuukkking oil
WTHE f
2019 they struck oil at Heron.
4 years ago.
If they strike at Velociraptor I'd sell up, take the money and get out of here as fast as you can.
Thornogson - fair comments. But here we are drilling to find oil elsewhere, when we don't even have the LP for the oil we have already found!
70% down what a joke
I don't think he knows when the Land Permit will come.
He's said that he's very close to Government officials, that they understand, that they've told him it's imminent.
And yet it hasn't come.
I don't think he thinks he can rely on what they tell him.
He's got permission, equipment and now the funds to go after the Velociraptor trend.
Once the SP settles it'll be as good a time as any to get in before the Velociraptor run up.
Still Frontier oil exploration mind.
Upside bonus?
The Heron Land Permit lands. That's as good as guaranteed oil income as you'll find on AIM I think.
Guys please, could you put your thought fairly (no rubbish not now) that if Petrovis is putting 25% for placing then we need to sell quick smart of 100.000.000 shares to clear the situation?
then MATD would have $10m cash to go ahead?
Guys please, could you put your thought fairly (no rubbish not now) that if Petrovis is putting 25% for placing then we need to sell quick smart of 100.000.000 shares to clear the situation?
then MATD would have $10m cash to go ahead?
Now we all know MB is a liar. He was asked in the interview, and he clearly said there no need for fundraising.
He needs to go . He has done jack all in the past 4 years.
Looks like we all got shafted badly
Bluechipz.....exactly, petrovis know what's going on behind the scenes and they are prepared to throw $1 million into the coffers if that isn't a vote of confidence i don't know what is
Given the massive discount my reading is that resolution of the Heron land-use permit is certainly not imminent and may never be granted. This fund raise is all about the risk / reward for the first Velociraptor exploration well. At 2½ p hopefully a good bet.
It is substantial. I don't think / hope they wouldn't be doing that unless they knew this was going to go up.
Jay - they own 21%+ of the company. So if they don't want to be diluted they kind of have no choice.
Petrovis is buying $1mil in shares, 25% of the total amount intended to raise. thats pretty substantial right?
Makes more sense now!
petrovis is buying just 1m shares and mb is buying 1 m shares!
Thornogson - so does it not concern you that the LP looks a distant prospect right now? Otherwise, why not wait to do the raise then, and (to answer jay's question) avoid such dilution?