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Muldoon - Well until Oman is granted and a date put on production for income streams, then i don't think you'll have much of a problem price wise. With future funding being inevitable, then until the funding/dilution share wise is known then i think the 5's and 6's will still be around through the summer. Until the numbers are known, then its just finger in the air guess work at present and something that won't pull in new investors at this point of juncture. To a newbie looking in then yes they can see the potential, but unfortunately with AIM share investors then they normally and myopically want returns straight away and seemingly in multiples of what they buy in at ! That mind set will never change and i guess that the attaching of the warrants to the recent closed placing set the alarm bells ringing for me (as in why make a good placing price even more attractive to the investors if things were so rosy). IMHO, then i can't see any income from Oman until late Q4 and if you factor in unknown delays and err on the side of caution then early Q1 2019 may become more prominent. Slowly getting there, but in the interim period then i doubt new investors will be attracted to buying in here and will hold back until later in the year. At to that the normal summer market malaise and we may even see the mid 5's for a short period of time
Great RNS for the 'backburner project' but it was going to be Oman that to a certain extent paved the way for covering costs and expenditure. More jam for tomorrow (which is coming closer), but with AIM being AIM, then i expect the 8am mark up being sold into unfortunately. Until funding is clarified on all fronts then its nigh on impossible to make calculations on what the share price should be at present and what degrees of future dilution may take place.
AIMtodeath - 'However, I dislike seeing Oman cast aside so easily given the amount of work and expenditure to bring on what seems such a small project to go to waste. Something in my mind says they are hiding something re Oman. For good or bad I don't know.' Maybe that's why the recent placing had the warrants added to it as a sweetener? ie not a one way nailed on game changer? Only time will tell but radio silence is always bad for a share and applicable with Moz too !
maybe they're taking the engine out of the Lada and using it as the primary generator
And how will the Yorkville loan be serviced this month?
Where's this months loan repayment coming from if Steelmin fail to pay I'm going for an after hours RNS this week and i reckon the odds on Friday special Bell time slot
The repayment terms with the other lender aren't even known, so after getting a loan from RRR then the other outfit may have upped the ante and demanded even better terms. Depending on when the other loan was taken, then it would be a no brainer for them to do a bit of research and see RRR's terms and conditions that were published by way of the RNS and therefore in the public domain
And how will this months payment be repaid to Yorkville? More confetti than at Manioli's wedding !!!
Rubbish broker
....going to need extending if its going to have to fit a rusty steelworks into it !!!
JH77 - yes good follow up buying and doing a bit of research really will pay dividends here both short term and long term
Good buying today and once into the 6's and the next level of trading will start From a charting perspective, the recent narrow upward channel should see this into the 7's pretty easily in the next week or so
'Very good chance of something happening the coming week..' Yep - CLN's !
I think the best Walter Mitty moment was all about Maniolis wedding ! Wonder if Graphite knows about that one ?
'Ignore the past at your own peril'
Helpful - gold royalties aside, what are your views on the mysterious Russian buyer and the reporting by Mr Bell that his funds had been held up in a Cypriot bank account at the time of the Greek financial crisis?
Graphite - posting factual views that may be opposite to your yet to be proved views is not trolling Your investment here is struggling to keep any upward momentum and so you resort to personal attacks Mr Magic purely posts facts and so has done nothing wrong and his information is gold to those that may think about investing here. Anyway what happened to the spare Greenland coffee ?
buys (as was mine)
Well I've just picked up a cheeky �10ks worth (170,000 odd shares) Interested through the investment by GUN - have a look at their investments and another solid share too :-)
It was tongue in cheek rather than to be interpreted at face value :-) I'm sure Oman will get there, but personally still have September onwards penciled in for any progress