The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It would also be nice to be able to buy at the current price (Got to hold the faith !)
Which would create a 'very convenient' buying opportunity
this would be around 0.1p without the suspension, very convenient!
Company's shares have been suspended from trading on AIM with immediate effect and will remain suspended until an AIM admission document has been published or until the Company confirms that the Transaction is not proceeding. A further announcement will be made as and when appropriate.
The Transaction was conditional upon, among other things, Sirius having arranged for debt funding to be provided to fund certain capital expenditure on the Ejulebe field. The proposed debt provider views the Transaction positively and has agreed that the Transaction should now proceed on the basis that Sirius be both the borrower and guarantor of the proposed facility.
The effect of these arrangements is that the transaction would now constitute a reverse take-over under Rule 14 of the AIM Rules for Companies and would be subject to Shareholders' approval. In accordance with the AIM Rules, the Company's shares have been suspended from trading on AIM with immediate effect and will remain suspended until an AIM admission document has been published or until the Company confirms that the Transaction is not proceeding. A further announcement will be made as and when appropriate.
how long can a company remain suspended before something is done?
The company, which originally floated on AIM seven years ago and raised £15.5 million to bring a 25 million-barrel project into production, recently had its shares suspended after hoped-for licence renewals did not come through.
Is history gonna repeat itself with the Ororo licence?
They've wasted millions over the last 20 years and never produced a drop of oil
Gone where? That's the question! Answers on a post card !
Are we dead in the water?
Has all our money gone?
It raised £3.4million through a 68 million share issue pricing the new shares at 5 pence each and it also converted £100,000 in loans into new shares that were also priced at 5 pence. The company plans to use the proceeds to meet on-going costs and to investigate potential investments, as well as providing it with general working capital.
"Our focus is to secure the first oil and gas asset and build on the strategy which we believe will deliver significant value for shareholders,” chief executive Toby Hayward said.
"I would like to thank our shareholders for their considerable patience whilst the Company's shares were suspended from trading on AIM and support for the admission to AIM and we look forward to updating the market with our progress in due course."
The company has already had an AIM-listing previously. Back in 2008 changed both its strategy and it name - from Global Gaming – and it subsequently tried to acquire an interest in Nigerian oil and gas assets. However it was unable to close a deal. In February 2011 it admission to AIM was cancelled.
https://www.growthcompany.co.uk/sirius-in-34m-aim-comeback-1605478/
floated 15 years ago
The company, which originally floated on AIM seven years ago and raised £15.5 million to bring a 25 million-barrel project into production, recently had its shares suspended after hoped-for licence renewals did not come through.
So they've failed once refloated and wasted how many millions?
and still nothing has happened
10 years = 1 year UK time
Ororo on fire whatever next
If they'd drilled it 5 years ago if only
if it wasn't suspended it would be 0.2p or lower so count your lucky stars!
https://allafrica.com/stories/201904250744.html
Lets hope that Ororo wasn't badly damaged. (Thats if it ever happens)
Hi All. One of the reasons i had a bet here was the agreement with BP. I do not think BP would enter into an agreement with out doing some background checks on the BOD. Hoping to hear some news soon. ATB Speedy
This lot are a disgrace
comms pr non existent
treat shareholders with the utmost contempt
If someone asked you to give money to an African prince to drill for oil you would recoil and laugh...... but thats what we’ve done! I’ve had loads of mails for that and Russian wives. I fell for it. They are excellent at telling good stories. Never again
Hi RJH27. I wondered what happened to the pineapple on my Hawian, now i know. ATB Speedy
I think you'd be an idiot to put £20k in Bobo's hands. I'm not sure I'd trust him to bring back a pizza order let along £10million of oil
they all talk a good game mate
and companys pay with sh money to go on all those sites
most of em turn out to be crooks or conmen
I was in ADL and there chief had a silver tongue and suckered investors in all turned out to be a hoax
practiced at the art of deception
could just be a paper vehicle we should find out one way or another soon enough
I feel the same, but why get on these sites like core ,IG and other on you tube, he sounds like he knows what he's talking about and doing, but yes, this has been going on a number of years, you would have thought this drill should have been drilled years back, but just hope this man bobo has a genuine reason to keep this in suspension, mind you, do feel that my investment has gone to the bin, let hope he is honest and trustworthy,
don't think is coming back
Hi All. Just about to top up my ISA with £20k. Should i put it in Bobos trustworthy hands? Hmmm, let me think. ATB Speedy
I rang that number and spoke to someone on reception, and all he said he will pass on message, wonder if I get a call back by 2020,