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Yes. Ministry need to update registered working interests respectively post Beluga 49% WI.
Bit of admin to be honest. Beluga shareholders need to approve. Need to check when is Beluga EGM / AGM as Thali farm out would be one of key resolutions.
annoyingly I averaged up just before the drop but managed to find some cash to get another £2k yesterday so now sitting on a .3p average. It does look like whoever purchased the shares from the last capital raise has either sold them or isn't prepared to sell anymore at this price. That said we haven't had any notifications since the capital raise of holdings. This is just a waiting game now as traders aren't prepared to buy and hold for 6-12 weeks to get a decent raise but will return closer to the apparent sign off time. Anyone ideas on when they are likely to spud this well? am guessing 2022 now?
It is mad we've fallen so low. Anyone buying in now literally I'm so jealous
This is priced at pre farm in levels.
Any buying pressure and this will move.
Why an earth would Beluga go through all this effort without being confident of drilling this asset.
dougal, definitely no agenda here. Appreciate you've seen it all be fore but I fro one don't think I can be a finfluencer on here as most are playing with peanuts and not enough to shift the market. If I could I'd be shouting buy buy buy from Way back in August.
"GET THE LUDES"
Possibly a mug punter. Possibly placing shares. Possibly CEO bailing out, how long is it until an RNS drops in this case scenario? Possibly someone who will regret it should we all get what we want.??
Have another look 22nd 9:30
22-Sep-21 09:30:47 0.33 32,253,887 Sell* 0.32 0.35 106.44k sell
Hi Smithy your lost made me laugh….
I do have on concern / question though
You mentioned something like ‘big money leaving’
Not sure what you mean …. I’ve seen little day traders leaving and the odd ten grand here and there
But the last time I saw ‘big money ‘ was the hundred grand buy’ just over a week ago …
Completion of the farm-out is still subject to two conditions precedent: the financing contingency requiring Beluga's shareholders' approval, and the MINMIDT approval. The Company will notify the market when both conditions precedent have been met.
First condition from RNS
If Beluga weren't keen to get this done we'd still be waiting for submission of the document to the authorities. We will see Smithy
The only delays woukd be in the submission of the final document but Beluga have been keen to get this done so that's now with the authorities.
Funding delays bladder. Not red-tape
Within in 60 days and in the hands of the authorities now. No known delays Smithy.
Rough night dougal! Held in a cell until 11am yesterday as the 24hour garage wouldn't serve me any alcohol due to my condition. As far as I was concerned I was having the best night I've had for years. Bloody doogooders!
Hard to be positive at the moment I think we can all agree on that. Got to ask yourself why is the big money exiting. Know if that was a buy the board would light up with cries of 'someone's in the know' etc etc etc
Can certainly see extended delays here at the bare minimum, we'll see though. Fwiw, and that's f all, I guess 0.3 is the bottom until it kicks off. Let's hope so.
Morning Smithmeister! What sort of mood are you in today? Bullish or down and out crackhead depression mode?
Let's hope it starts to float now
Either way - it's cleared.
I would say that's a sell
Imagine trying to fill that one at 0.6p (£180k).
Explains a lot
£106k at 0.33p from yesterday morning filled processed and out. Should start moving up now on buys now that's cleared
Agree I think we will get back to 0.4 sooner rather then later
some nice buying today-sp should catch up eventually and start to rise
Apologies for double post. LSE site plays up at times
Crazy Mcap at £6.5m given the company pulled off $15m Farm Out deal with Beluga.
100% of Thali license would be valued at $31m if Beluga paid $15m for 49% share.