Member Info for 1020satnight

Yeah well, if that how you assess your investments, good luck to you. You can always blame Iran....

...was burning..

As on 30 Sep 2025, MARCH GL was during about $3.9m of cash a year, had a cash balance of $1.2m sand since then completed a private placement for $1.5m. . so not much to provide to the new GLND

I have already posted a link to MARCH GL's latest Balance sheet twice or three times. I'm not going y=to do it again.

Kind regards,

I have no idea. They have to confirm that they have obtained a Debt facility, or that they are going to issue more shares (dilution of GLND, noting to do with 80M) or that the two drills are going to be bankrolled by Donald F.. Trump himself. But that need to clarify it.. because without those funds, there is not drilling, and without the drilling 80M's SP will soar like a piano.

That is true. and I have already said it before (in different words), with one caveat: they need to obtain the funding one way or another.

Ohh. Gordon Gekko has arrived in the floor... everybody stand up.. :)

Where is the money??

You have obviously not read MarchGL's balance sheet.

please help yourself (Page 164 for the pro-forma combined fins; F-41, F-51 and F-81 for the latest individual financials.:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0002037431/000182912626001322/pelicanholdco_s4a.htm

and also read this part (it's stated several times along the document). The merger was a few redemptions away from being cancelled on Thursday, while everyone in the eco chamber here were telling themselves how good traders they are... laughable

"...the parties to the Business Combination Agreement expect for (a) SPAC to retain a considerable amount of the funds in the Trust Account, and (b) net tangible assets of PubCo, at Closing and after giving effect to the redemptions, to be at least $5,000,001. These expectations are the result of recent, large purchases of SPAC Ordinary Shares made in the public market at prices well above the redemption per share price attainable in connection with such redemptions. Notwithstanding the above, since (i) the Business Combination Agreement does not include a minimum cash condition in order to consummate the Business Combination, and (ii) the parties to the Business Combination Agreement currently do not have any financing arrangements (including, but not limited to, a private placement in public equity (PIPE)), in the event that (a) our expectations of retaining a considerable amount of the Trust Account do not materialize, and (b) SPAC public shareholders redeem 1.1 million or more SPAC Ordinary Shares (approximately 13% or more in redemptions), the Business Combination would not be consummated as the value of the net tangible assets of PubCo would be below the $5,000,001 required amount..."

Two drills...

I don't know. ask the soletrader. he seems to have a crystal ball.. can you please show me the funds for the first to drill? I haven't seen them. most of the funds our partner had run away on redemption day. And we are yet to hear on any new facilities or equity injection.

I;m not saying the funds will now be found some way or another, but they are yet to be confirmed.

Why aren't amnenriacns buying the few shares left in PELI, which will become shares in GLND?? they are all stupid surely. The only smart people in the world that can see this opportunity are right here posting among us.., right?

But for some very intelligent people in this is board this is a Risk-free investment of and FULLY funded, in capitals.. ffs

Reading the fff... documentation before making an investment decision is "an awful lot of trouble" now.. God. I'm starting to understand how this BB works now.

Nice opportunity to buy... It's about time we have some form of communication. Who would've thought that one day we would miss the Oxford Don insider's posts....

@Punter

Oh no. It cant be that. The soletrader has spoken. And he said it was die to Iran. What a charlatan

Https://www.sec.gov/ix?doc=/Archives/edgar/data/0002037431/000182912626001322/pelicanholdco_s4a.htm

"...the parties to the Business Combination Agreement expect for (a) SPAC to retain a considerable amount of the funds in the Trust Account, and (b) net tangible assets of PubCo, at Closing and after giving effect to the redemptions, to be at least $5,000,001. These expectations are the result of recent, large purchases of SPAC Ordinary Shares made in the public market at prices well above the redemption per share price attainable in connection with such redemptions. Notwithstanding the above, since (i) the Business Combination Agreement does not include a minimum cash condition in order to consummate the Business Combination, and (ii) the parties to the Business Combination Agreement currently do not have any financing arrangements (including, but not limited to, a private placement in public equity (PIPE)), in the event that (a) our expectations of retaining a considerable amount of the Trust Account do not materialize, and (b) SPAC public shareholders redeem 1.1 million or more SPAC Ordinary Shares (approximately 13% or more in redemptions), the Business Combination would not be consummated as the value of the net tangible assets of PubCo would be below the $5,000,001 required amount..."

Thanks, soletrader. Maybe that was the reason, then.

I’m not trying to rubbish this. Just doing some due diligence and noting that our partners, who were expecting to benefit from the larger part of the SPAC’s $88m cash balances, have been left with only $11m or $12m.

I have also mentioned that, in theory, how our partners now fund the drillings is not 80M’s problem.

We’ll see how it goes

It shouldn't (unless they can't get the money they need to do what they have to do), or it could also affect 80M's sp positively, as US investors come to 80M to gain exposure to the project (somebody made that point below, yesterday).

but.. investors/traders are people, and you know people. As a matter of fact, 80M's sp did fall significantly, in line with PELI's. so it wouldn't be surprising to see some more volatility in 80M's sp this week. I guess people need to be generous with stop orders.

People who put money on SPACS don't appear to be very reliable long term investors, I'm reading....

But yet, they've decided to go ahead wit the merger, so they must have a plan.

And then, very few shares available. it will be interesting..