Member Info for 1onic

100ma on the 15min

never stops flapping his feathers lolol

Regardless of ones position I don't think there's anything in that note that is particularly contentious

YellowJerseyIR, are you an official poster for the PR firm or what

Broken out of Fridays downtrend but volume so so, Mind you low float and all that

Think you might be hallucinating AA I've got 95.6 1.2p below the bid ??

Albeit SP Angel are morally dubious even by AIM NOMAD standards

I wouldn't give any of the brokers the time of day, but this guy is a specialist oil analyst and he's right more often than not.

P.s I think 'trade yeah' summarised your first three paras ;-)

Zac Phillips of SP Angel:

“It’s been a long summer and one in which the Company has made zero progress anywhere, in fact, every well intervention appears to result in more questions than answers, and every announcement appears only to sow confusion. To date, the Company has funded itself with convertible securities, but today we learn that it has now fallen out of bed with its funding party. This to us sounds like déjà vu when it tried to escape its obligations under its convertible debt it was humiliated as the debt is still on the balance sheet.

YA has a long history of execution of these plans, and we would be very surprised if it has got it wrong. Given the management style at FRR, we would put greater stock on it being management’s failure to understand the obligations of the loan instrument - but so long is that list now, does it really matter? We keep coming back to the fact that the basics in this company are lacking. No technical experience at board level, or appropriate experience at any level, to undertake a strategic review of the asset base, hence a lack of understanding as to what to do next."

Ends

There you go, take from that what you will. Trade yeah, but pretty dubious about this company for holding it, it is a 99%er after all :-)

Tbh I tried to get borrow on it at 12.00 but nobody wanted to play

They ain't doing it out if the goodness of their hearts though.

Newmont’s ownership interest shall increase by 5% to 80% in the Anzá Project;
• Upon the commencement of commercial production, Orosur shall commence contributing funds for adopted programs and budgets in proportion to its ownership interest or suffer dilution of its ownership interest; and
• Newmont shall receive 90% of Orosur’s distribution of earnings or dividends until such time as the amounts received equal the aggregate amount of expenditures incurred by Newmont on behalf of Orosur, plus nominal interest.

Long way in the future but left with 20-25% and will need to place in order to receive anything at all.
It's an ok deal for a miner that was on its arse but there's some serious sums needed to be done on the net asset value in production before you can ascribe a value to the current equity.

.....think it's a trader, but reading the rns cynically I think Newmont bent the insolvent Omi over so to speak

It may well be relatively cheap, given the Newmont angle, and it may well be a slow buggery the sp manages to outpace a little, but it's buggery nonetheless

Furthermore Sefton has said that it will forcibly buy back all shares held in 12 nominee accounts and credit the tiny cash payments unless shareholders specifically ask otherwise by October 5th. The accounts affected include: Hargreaves Lansdown, Barclayshare, JIM Nominees, Share Nominees, SVS Nominees and Pershing.

Added my tuppence worth last few days on omi

There's 4m to pay plc and in house operational for up to 12 years, not enough Imo. There's effective 80% dilution preproduction whenever that is, add in probable dilution to be able to pay their part of operational costs and the no dilution call is only in the immediate future. Probably a trade in the short term but if you're 'investing' gonna be a long haul

Scull, could be cos they're cheap/distressed sellers

They ain't doing it out if the goodness of their hearts though.

Newmont’s ownership interest shall increase by 5% to 80% in the Anzá Project;
• Upon the commencement of commercial production, Orosur shall commence contributing funds for adopted programs and budgets in proportion to its ownership interest or suffer dilution of its ownership interest; and
• Newmont shall receive 90% of Orosur’s distribution of earnings or dividends until such time as the amounts received equal the aggregate amount of expenditures incurred by Newmont on behalf of Orosur, plus nominal interest.

Long way in the future but left with 20-25% and will need to place in order to receive anything at all.
It's an ok deal for a miner that was on its arse but there's some serious sums needed to be done on the net asset value in production before you can ascribe a value to the current equity.

You're probably right but I wonder if it's just a postponement

https://www.independent.co.uk/voices/iceland-has-jailed-26-bankers-why-wont-we-a6735411.html

Ok, I've thought about it, they should have all been allowed to go to the wall while private deposits were protected and the stables cleaned properly by sending all that lot to jail cos they are still there and steering the juggernaut to another huge pile up.

A bold statement, I'll have to think about that for a while before I could even begin to comment