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Paul has said a lot of things Incase you forgot , like not diluting us in the listed co and doing it in another co or by creative funding etc etc .
Don’t get me started - you just keep putting your buy recs up regardless of how the share price is reacting.
You come across as a ramper / trader if you ask me. I’m here for balance and it’s much needed - you thought I was deramping about funds being raised and you found out the hard way that I was absolutely 100% right with my thoughts.
FACT
So do yourself a favour and put me on ignore if you don’t wanna hear the truth
;)
So who is the 100k seller. Been at it last few days. Are they the cln shares ?
To be honest , we have been promised oil production from Trinidad last june, OK , I have now found out that it was out of PG hands but one thing that i have learnt with Aim companies, What ever time scale they give , its best to double it and you might be about right
Mr market maker. Indeed you were correct about the placing and I acknowledged that. However up till end December last year you were clearly beefing up the prospects of our company in what some would see as ramping so swings and roundabouts. As you said a few weeks ago we have this short term pain to go through as we churn this 4p stock I don’t have level two but would be interesting which market makers are on the ask who have the stock to sell
2 market makers left at the bid and ask. Was 4 on Friday.
Buys going through blue now and the quoted spread has come down to reflect true spread.
Hopefully this means there aren't many 4p shares left to get through
I’m still ultra bullish about all our projects but unlike some I like to keep it real and not bury my head in the sand like most people on here.
I tell it how it is and if I’m not happy about how things are going I will let everyone know even if the herd don’t wanna hear it.
Pack mentality on a bb is no good so it’s good for a contrarian to express himself. I’m all for people posting anything negative because I can look into it and decide for myself.
You need to re-evaluate all the time to make sure you are happy with your investment.
That’s all I’m doing and the fact that I’m
Still posting tells you that nothing has changed except we got heavily diluted recently.
We definitely need some good news otherwise these placing shares will take forever to clear and we will still be at this price come spud.
Short term pain for hopefully long term gains.
Agree with MR market short term gain my pf is down because of corona virus shutting everything down. I hope this has a knock on effect with Ireland selfishly so they start looking more into local gas instead of russian
Not seeing any mention of a virus in MM's post Bradleybear..........!
or have I missed it............ thank fu......!
All the best (watch 'em tick up at close :)
Mrmm I don't think well be at these prices come spud. If I did I would sell and recover my losses elsewhere.
SDX finished with drill mid March, takes ten days to move rig over and then 19days to drill. Takes us to mid April.
I am not expecting any news for when the placing shares hit the market. What's the point? Paul has given enough information in the prospectus and now we have to wait. It takes two months to repressurise the co2 Wells so that takes us to the end of march.
I think Mm's will keep the price here until the placing shares hit. Why move it up and give incentive to new share holders to flip.
And you thought that there wouldn’t be a placing and that they only diluted us by 8%. since IPO.
Zebra04 Premium Member
Posted in: PRD
Posts: 205
Price: 4.85
No Opinion
RE: Hmmm. Over 270k in buys12 Feb 2020 17:36
@mrmm have you not been here long?. The plan was always to give away equity in individual projects to help fund them, as opposed to an equity raise on the market.
We own 75% of the morrocon license, we can give away some equity in the license to get someone else to fund the drill. Diluting individual projects is much better than diluting the overall company and shareholders.
When it comes to purchasing fram, if that were to happen then the co2 project has been a success. The 4million required can be paid in installments over a period of time as revenues bump up from co2. The 1million released from morroco can also go towards purchasing fram.
We're 2 years post ipo, with only 7% dilution
Yes I was wrong Mr mm. I believed what Paul said at the time. And yes at the time there was only 8% dilution. I accept I was wrong and decided to average down and wait.
At the back of our minds we all knew there's a risk of a placing when it comes to all small cap shares.
It appears you were more sure than others of the placing yet you held to then watch the sp come down 30%. Well done.
Like you we all regret not selling above 6p and buying back at 4. Hindsight ay. However unlike yourself we accept our choices and continue to wait.
I don't have the effort to dig out your old posts, but u went from hyper ramping to deramping to now trying to appear level headed.
Anyways, the end.
The 1 million released from Morocco drill is now to pay off the CLN
As a LTH I’ve built my position and the drill bit will decide my fate so there was no reason to sell.
I’m in this to make big money or loose my investment - there’s no in between.
I know the risks involved.
My negatively was for good reason wouldn’t you agree ? Or have you still got your head stick in the sand ?!
the consistency of a frog on a hot plate comes to mind..
Mr market maker. I think most here have acknowledged your success on calling the placing. I remember trying to sell at 6p on jan 31st and missed out on that price by minutes then like everyone have watched it drop as those in the know of the placing got out to buy back in at 4p. Obviously I wish I had done the same. I also doubt the sp will be at this price on spud but I don’t expect the drill to start till at least mid April so a good few more weeks of churn. I do anticipate detailing before touchdown and hopefully that will be in the 8-10p range by then. I would like to see a holdings rns once the new shares hit the market as of course the BoD have been diluted to 35% from just over 50% Also worth bearing in mind that the FTSE was down 3.3% today so most of the market was red
Did management take the placing?
Yes they did Bradleybear
They will need to release a TR1 once new shares hit market
And share register needs to be re calculated. How much did the BoD buy in the placing. Are the placing participants bucket shops looking to flip on any small rise or are they institutions or investors looking to hold for the entirety of the drilling campaign.
From the prospectus. Each ones share holding increases by 312500. At placing price that is only £12.5k.
Management will own a total of 28%.
These were the large buyers at the placing.
Sanderson capital partners limited who will own 5% post placing. They bought 10mil shares at £400k.
Global prime partners nominess the same at 5%.
Spreadex 3.8%
29million shares are accounted for. The remaining 50 or so could be anyone