Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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0.29 PAID !!!!
Onwards and upwards this week then ….. hopefully get some news
Https://zakstraderscafe.com/the-week-in-small-caps-january-28-national-service/8340/
“ Those who enjoy a wildcard play will have noted how shares of Sudan focused upstream oil play Wildcat (WCAT) bounced off the 0.2p zone once again. Even a glimmer of long overdue positive news in coming days could see the stock revisit recent 0.5p resistance in quick time.”
.29 on the ask at the end. Looks promising for next week.
Let’s hope the rise continues.
GLA
.29 paid :-))
Beat me to it CDF :)
“Market maker, Marex, recently started making a market in #wcat shares. This should help ease liquidity & spread issues going forward. Welcome aboard.”
Looking good. I have a live price to sell 8m so clearly good demand!
.27 paid 😃
.24 paid :-))
Looks like something is brewing again .. hopefully some news in the next few weeks.
Looks like it could be a more positive day 🤞😃
RATR -
I forgot the . lol
Yes to start off .5's then who knows :-)))
ATB
50’s would be a dream! Early retirement!
I think .5s is a bit more realistic though 😜
Exactly no one wants to wait and be patient everyone wants a 1000 % rise in 5 days and everything to run like clockwork: that’s not reality
RATR -
I hope you are right and our Chairman is a man of his word !!
Would be great to start February off in the 50's at the very least !! :-))))
ATB
True but we can only set our expectations based on the updates we get from the Chairman. If he says he hopes it will be signed by the end of the year, we would obviously want to believe that.
Worth noting, it was submitted back in September and the expected timeline is around 3-4 months, so I’m still hopeful there won’t be too much longer to wait.
Wildcat Petroleum plc (LON:WCAT) have today published its monthly newsletter to shareholders.
The political unrest in Sudan, which began in April 2023, derailed the Company for a couple of months but now the Company is back on track.
The Company has always been guided by the objectives to being:
· A producing oil Company
· Profitable
· Dividend paying
· Debt free
· Reserves/resources in the billions of barrels
These objectives still hold and hopefully will be achieved as the Company strives to establish Sudanese oil production in 2024.
1) SUDANESE OIL PRODUCTION.
In October 2022 the Company announced that it had signed a MOU over 4 producing oil Blocks in the Republic of Sudan (Blocks 1,3,4 & 5).
It was the Company’s intention to sign an oil deal in 2023 however, these plans were temporally derailed when political unrest broke out in April 2023.
In the autumn of 2023, the Company received an indication from the Sudanese Oil Ministry that they would be prepared to sign a Service Agreement with the Company with a view to increasing oil production on the Bamboo oil field. Once the political situation has settled down the Company is hopeful of converting this Service Agreement into a Production Sharing Agreement.
The Company accepted the invitation and sent in its proposals on how it would like to proceed with a work program.
Once a decision has been made, shareholders will be immediately informed through the RNS news service.
Although the Company is fully committed to establishing profitable Sudanese oil production in 2024, it will however pursue any attractive opportunities that present themselves in neighbouring countries such as Chad, South Sudan, Niger, Ethiopia, Eritrea and Libya.
2) AUDITOR
Wildcat Petroleum for accountancy purposes is classified as a Public Interest Entity (PIE).
The auditor Shipleys LLP no longer provides auditing services to PIE companies; resultantly they were forced to resign. A firm that does provide auditing services to PIE companies has been identified and will be engaged in due course and an announcement made via RNS once the relevant paperwork has been completed.
We would like to thank Shipleys for the excellent and efficient service they provided the Company and wish them well for the future.
You might also enjoy reading Wildcat Petroleum Cat Flap Newsletter July to October 2023
3) CRYPTO/BLOCKCHAIN PLANS
The current position is that no blockchain activities and token offerings will take place before the Company has implemented its investment strategy to acquire an upstream oil and gas asset and it has published a prospectus in line with its Listing Rule obligations.
The Company would like to thank shareholders for their support during 2023.
We hope to repay this support in 2024.
Best Wishes
Mandhir Singh (Chairman)
Wildcat Petroleum plc
Written by: Emily Johnson
https://www.***************************/wildcat-petroleum-newsletter-january-5-2024/4121137357
RATR -
Maybe it's us that should be a little less optimistic with our expectations, after all what has the Chairman actually delivered so far, as I see it completely nothing ..
I loaded up before the AGM because I had a feeling it would spike, have been saying for a few weeks now that it would drop, and it has, gut feeling now tells me it'll be a while (weeks) before we hear anything on the signing ..
ATB
Either way, I agree with you aiminvester.
Think the chairman should have been a bit less optimistic with his expectations.
SP was at .53 on 29th (AGM was on 22nd IIRC) and then started dropping after that, so I don’t think it spiked just because of the AGM. Maybe it rose due to the Chairman saying he expects it to be signed by the end of the year.
Exactly, the company promoted hard in the build up to the AGM, and that built up anticipation and investor excitement, and that produced heavy buying, and drove the price up .
Now the anticipated deal is taking longer, some people are losoing the faith and chasing rainbows elsewhere.
WCAT are paying the price for that promotion now, they sould stay quiet until the deal is done, then bang the drum hard.
Exactly my point this could 5 bag in a few days and people are being impatient because there’s a slight delay - I just don’t understand the logic I suppose they’ve got the next 5 bagger to chase