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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.
Looks like everyone is preoccupied with GDR today. Another share which is under the radar but is at bargain basement price is RUA. Its fundraising was at 11p - sp today is 9p. Cheap as chips.
DYOR
IMHO its the MM's at their nonsense again driving the sp down to get their hands on much needed stock. The idea of a fundraise is total c r a p. Once the MM's have done their tricks the sp will let rip. Patience my fellow Orcadianers!
GL
Then u get loads of buys
Yes it is down 20% in a massive volume of sells.... have you not seen all those sells...... lol
Another RNS and the SP is down nearly 20% in a day! FFS!
Why do they need to raise cash? They just got a blast into the accounts of 350k, which keeps them ticking over until FDP (Ideally in the next 12 months). 3m can then tide the management team over until FID. SB doesn't want to dilute himself! He's a big shareholder!
GREAT PROSPECTS buying soon as cash raise done
Will be good to hear their thoughts and plans now PING is officially onboard and leading the way on the initial project.
Good timing too - start of new ISA season.
Usually a presentation shows confidence by the BoD. I'd guess this will attract new investors as the presentation can only be good after PING deal.
GLA
RNS - INVESTOR MEET PRESENTATION!
Usually picks up in afternoon. I think MM's VERY short of stock hence the push down in sp to flush weak holders out. This hit 18p on Tuesday - deal signed and future bright. Patience and ye shall be mightily rewarded.
GLA
I do not complain at all. i added for now..... and the rest will come in case goes lower as some ppl hints.... happy days
Yep. Excellent
I'm in non this ..I'm a long way away from my SP..but omg,this share is so predictable.I really hope I'm wrong.
At 50p To Buy this business it about £40M......This R.O.I. would be paid back in a couple of months of even the most conservative of outputs and our % in Pilot.......If I were any of the bigger boys its a no-brainer but with the potential i see 50p getting rejected, £1 maybe...
I was talking to friends who been working in the north-sea for more than 30 years and they said at the moment as things stand the ORCA value it is a least around 40 and 50 million GBP ....
Mmm it would need to be pitched at least 50p but sp so low I can't see BOD recommending a substantial offer
At what price do you reckon?