Member Info for aimofthegame6

Wow. That's incredible, just a pure flat out lie in an RNS

Unfortunately Watcher, that's not how it works. Just because the company is £5.2m (now £4.8m) Market Cap doesn't mean someone looks and goes .. great let's buy them for £7m. You inherit the huge losses, the huge gaping hole required for funding and any debt accrued. And you have to pay off the CLN when you can't issue more shares. Why would anyone want that

Unfortunately Maqsood, the chief architect behind that dodgy ramp has moved onto other things like IOG after selling all his GCAT in the rally to 0.5p.

Maqsood moved on from ramping GCAT blatently lying saying they'd sorted financing which pumped it to 0.5p for his exit .. sad little man

Who ramped this last week to 0.5p offered saying funding was sorted through rumours. Hang your heads in shame. Disgraceful

They said in an RNS they NEED funding. That's either going to be a big placing (discounts are high at the moment, the share is not liquid enough to raise at say 37p). They do a convertible with Riverfort - death spiral, share goes down. Or the directors loan them money with some mental interest rate (a la Bluerock Diamonds before the new management team took over in 2019)

Either way it all ends the same way. The share price probably sub 30p. Cannot believe this is still 40

Not even sure it's jam tomorrow, more like blood bath tomorrow. More funding needed which will only be done at a huge discount. I note all the figures today - woohoo you sold £11m worth of Gold. But you've got £350k in the bank. So what, you're selling at a loss? For £1 an ounce profit? Pathetic

Fair play KOD

£350k cash balance. SGZ need money. Not surprised.

They seem to be doing a fantastic job at producing barrels of water. Gas, not so much. To bang on about first gas mid-January, then in mid-January to speculate on the fact they don't even know if it's commercial quantities any more is border line criminal. Mis-leading, creating a false market. Obviously nothing will happen here but £42m MCAP for a company producing water is incredible.

29th December - Analysts at FinnCap believe IOG Plc has a "significant year ahead", following investments from the gas and infrastructure operator in several new wells, as the company attempts to accelerate the recovery of its reserves.

In the year ahead, the London-based company plans to start-up two Southwark wells, two appraisal wells and a second well on the Blythe field.

IOG's plans represent a possible turnaround from a year beset by production woes, FinnCap suggested on Thursday.

However, IOG has begun to make progress at its Southwark asset, with the A2 well test and clean-up planned for next week. Though first gas has slipped slightly to mid-January, it is expected that the Shelf Perseverance rig will then re-enter the A1 well, complete and stimulate it, and bring it onstream by the middle of next year.

- 18 days in and this is all rubbish

My word. Never seen so many red flags. Horrific share price and Market Cap, massive debt repayments to pay, can't pay back a loan, winding up petitions. Probably no cash. How can they even pay the AIM listing fee let alone pay back debtors. Nominal value of 5p currently 2.5p bid, good luck raising money here. I assume it will be admin and Teichmann take the assets

Dude stop cross ramping a share that has a big CLN. Poor form

There's no denying that the hiding of the CLN was dodgy AF. The fact they can't pay the CLN back with new shares right now is dodgy AF.

I held for ages through the suspension and found out about the CLN like everyone else at the same time which was dodgy, I sold the rally and am waiting to buy back in. I appreciate that Robbie has told us he will release Q3 and Q4 together which we have been asking for, and I appreciate he's now made a note to the AGM and the timing, which is probably someone giving him a nudge telling him to be more honest.

I won't be buying until the numbers come out but hopefully this can all calm down and lessons can be learned about share holder communication, because the way the CLN and delay-to-financing-fail RNS has been handled is shocking.

Placing @ 0.36p but resets after the FIRST month.

Placing shares are subscribed for no earlier than three months and no later than eight months. So the 0.36p bit is irrelevant! The placing guy picks them up in 3 months time for a discount to VWAP. The 0.36p is thrown in there as a smoke screen.

Why would anyone buy the business now? Surely wait until March, cash runs out, then buy it cheap during Admin?

Yes, correct. Personal loans to the company so they could buy more stock and help REVB's figures. Christttt

The Cyber Attack today says someone has made off with $250k of the companies assets. NFT say they are commissioning a third party report to make sure it investigates the circumstances, doesn't sound like the police are involved at all. So effectively they are making sure it doesn't happen again, whoever took the assets will get off scott-free and they won't be recovered. So theoretically the cyber attack could have been from anyone in the world who wanted to take funds and potentially know they wouldn't get found out ..

Jesus lad. The stocks just dropped 50% due to poor earnings and a major customer delisting their gin , yet you think long term it will 8 bag from here to all time highs. Optimism n all that

Low liquidity = big spreads and vice versa