The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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more than 60% more shares added, at 0.14p. That is the only thing the market understands right now, I am afraid. SP always drops to the placing price: how many examples does one need on AIM to get this? Usually price dips slightly below the placing sp, so no surprise.
Is crazy. Did a dummy want 15.29 sell at 12.8 pants.
Should be able to buy at placing price ?
You? Of course if you don’t want to say anything I understand :)
Or largely the US shareholders.
Large shareholders, not the PI market.
There might be some TR1s
Who are the people taking up the placing? Helpful?
15.5 p even for a small top up at the moment - need more sellers please !
'have' should be 'gave'. Sorry I am just so excited after today's news
I'm hearing that Shoats Creek is performing phenomenally well since the company have it away for nothing. I think the directors should use the placing proceeds to buy back the company's interest in this exciting asset. Now wouldn't that be fantastic news. The directors could even have another name change to 'Shoats Creek Inc.' if that happens I'll have another top up if the market markers are kind enough to sell me some shares.
Get a grip man and stop whining! This is aim. Sh%t happens. I am holding and may even add. Floor set at .14. GL.
Sniff Sniff...sarcasm?
I'm really pleased that the directors will be given 10% of the enlarged share capital. That's a really screwd decision for shareholders as the directors are doing such a great job. I hope Charlie Wood stays as a director forever as he must be the best ever director on AIM and should be awarded accordingly. I think his salary should be doubled to give him even more incentive to deliver 'shareholder value'.
*without ZR and without FW.
57 bopd net from 6 wells on one field: output is still rising and the 7th well, which is an analogue of the Ritchie Talley, is still to be worked over. Break even was circa 40 bopd. The next update from Austin should look much better. Montsanko is a big well: we won't know how much oil comes out of that till the oil cut settles down. My view is maybe 30/45 bopd gross from Montsanko. If the 7th well turns out like Ritchie Talley we might hit 100 bopd net with ZR and without FW.
DYOR
If we're really, really lucky there will be another share consolidation. Now that would be fantastic news. I can't wait
Market clearly doesn’t understand RNS at moment, a sheikh buys 29% of Mx with discounted placing and it 10 bags - EDL goes up 400% on discounted placing yesterday - never mind chance to top up again !
I like the business case put forward and yes there is dilution but we get Attiss's assets and expertise on board. Don't think they will sell anytime soon and now have plenty of skin in the game. Cashflow positive next stop profitable? Why no trades? GL.
Yes, this company keeps on 'delivering shareholder value'. It must have raised something like £50 million from placings since the IPO and now production is set to hit an amazing 100boepd. That's absolutely fantastic news. I'll have to top up my shareholding if the market makers will be good enough to sell me some stock.
Not really - we are all big boys who make their own decisions based on information provided - either investors think the deal is a good deal or not - and take action accordingly. Simple really.
As a newbie and admittedly a bit thick, I’m completely clueless as to how to interpret the news/this company. Not so sure about the issues of more shares, yet seems a good move. So please all clever expert investors please post and help me on this. Thank you.
So 57BOPD to show so far for 3.8billion shares in issue.
More name changes, more dilution and more bullshit IMO.
Give Charlie one thing... he knows how the raise the living shit out of a company.
I am happy re shareholder value. We are now fully aligned with Thom Board and his team. Pretty much all the new money is going in the ground. When we get the final stabilised position for all the 7 wells at Austin, I think we will end up around 100 bopd net Mayan (pre-Attis). That is delivering shareholder value.
If TB can replicate that result at ZR then we are a proper business: it opens up all sorts of possibilities, including RBL.
DYOR
Its a hell of a surprise - but reads to be excellent news to me and sound / logical from a business point of view. I always to prefer to subcontract as much as possible but in this case the benefits are clearly obvious. If they can deliver on this, plus all the other plans, anticipated results and of course PQE comes in, the makings of major major company
no reference to CW?
I think you are now playing with words, Ors. The point is very clear: every company that does and M&A justifies is to its Shareholders and does that from all angles, including (but not limited to) shareholder value. If you can’t agree to that, I don’t know what to tell you. Meanwhile, next logical stop is 0.14p, as per RNS. I know you support this share, but be a bit more objective it will do your posts more good. Anyway, if one cannot spell out the concern re shareholder value and dilution than I am not quite sure what we can spell out here!
well at least Attis is more in keeping in what the company is now doing - Mayan (Mexico) was dead and buried ages ago.....