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Don't remind me Scooby - I was in at 10p and turned down 17p to sell thinking the only way is up. I defo didn't see it retracing as much as it has. Ah well hindsight is a wonderful thing!! lol
100% agree newrange... However anyone buying in recently at 10p then on the ping rns able to get out at 15p ish has made a huge profit and no gamble going forward... Had I been in at 10 I'd have done the same tbh.
Just thinking - IF there is a placing it should be priced at these levels if not at a premium. To price it sub the current sp would be economic vandalism.
GLA
I hope I'm wrong but the market seems very wary of something given the sp quite rightly went to 18p on confirmation of the deal and has now fallen back. If a placing is not coming (which I hope) the market is not taking any chances. A clarification from the company would put investors at ease.
AIMHO
Hear Hear Sjab...
SpArmada
That's a ridiculous statement!!
Steve Brown is a professional CEO and has been very honest with shareholders all along, he states that he wants to maximise shareholders value and that's what he's doing.
18p by 1st week in May then wait for more news from PING re further tie ins with Orca.
Much more to come here.
GLA
That's quite a statement to make SpArmada... "Shell doesn't trust Steve"... Without an official document from a spokesperson telling us such, then it's scurrilous at best and could quite possibly come back to haunt you with it being open to the public. I'll add it to my questions for the presentation on the 10th and hopefully we all get an "official response" to such a derisory comment.
Sparmanda agreed been saying this all week about cash .Once shell settled and cash raise and start date i will buy
Shell doesn't trust Steve and has demanded conditions that I haven't seen before, that says it all. This company isn't professionally managed. Steve is a technical guy, not a CEO. They need to get some new executive team if they want to give this company a future.
Go through the accounts and you'll see for yourself. How many raises have they completed since the IPO? It's a 3 guys company
Why not just ask him. Lol
The thinking from the CMET board was Andoman was dumping CMET and buying ORCA
Any thoughts
Surely we're due a blue day today. Gonna top up a bit more as sp a gift at this price. Next week's presentation should inject some momentum in the sp as well (I hope).
Good morning and good luck!
NG
4 had a check.... Its about time frame for fdp, approval, fid, first oil etc
I've sent 4 already lol. In sumnary
1. Clarification on likliehood / possibility of fund raise for other projects.
2 opinion on how likely there might be takeover interest before 1st oil with low market cap and what level would be seen as a starting point for discussion
3 question about polymer flooding and patent, and possibility to grow revenue by supplying any others with technology / support
4 forgot lol
I'm sure Orcadian can deal with the duplication questions.....
Besides what's your question scoobydriver ?
Looking forward to the presentation on the 10th... Any other posters submitted a question so far, or going to be.. Be cool if folk could reply with what they are going to be so that we can avoid duplication and get a heads up on things
Repayment date of loan was extended to 13th June 2024 to allow time for ping licence p2244 deal to go through...would think that £ will be used to cover shell loan therefore cash raise not a certainty surely.
@Amanda have they? could you post clear evidence of that etc..... i am really interested. thanks
They have to pay back to Shell and they have burnt money like teenagers
I hope the price stays as it is or even goes down to 1p so i will put all the ISA allowance in here next week..... GLA
I revisited the company website this afternoon and reviewed the notices issued since late 2023.
I have added shares a few minutes ago in anticipation of more good news coming in the next few months.
Some chunky buys just went through
I have no rush. better to have money here in the ISA at this price rather than in the bank..... and above all money is just a number..... i love the game.