Member Info for aimofthegame6

No, that’s when it settles. Had you been involved in the placing and the price was 28p today For example you could have just sold with a t+10 settlement.

Evening all, new holder here after today’s RNS. Admittedly got spiked this morning buying at 23.9 after HL wouldn’t let me buy at 23 and then my 23.5 quote expired in 0.001 seconds. But oh well.

Decent sticky II demand, no discount, banks trying to work on a sale and a lot of the RNS today can be interpreted very positively. Lots of excitement to come I’m sure. See you at 30p!

Trust me; the II’s won’t be flipping at 23.5 or 24

Precisely Cebo. How can you forward sell at break-even? Lol

Silly silly people. Buying a share with a huge overhang up 40% on the day. What do you think was going to happen?

1.8bn shares on the first rally

But four deep drill rigs to come with the chance of materially increasing production .. probably no need for more raises .. this Placing was likely to happen after the Oil price dropped but hey, onwards and upwards .. might not be sub 3p for long

Morning all .. as Mr MM says, flow test for Trinidad in 2 weeks, lots of news coming .. nice touch on the FRAM deal ..

Am I missing something? My terminal is 192-194

£1.25m raised. Five trades in the last four days .. good luck all from here

Convertible loan means loan convertible into shares my friend. Read the RNS:

---Convertibility



Each Advance and/or any interest due can be converted by the Investors into new ordinary shares of 0.03125p each in the Company ('Ordinary Shares') at any time at a price per Ordinary Share of the lower of:

i) a 30 per cent. premium to the 'Reference Price', being the five-day VWAP immediately prior to the drawdown of each Advance (the 'Fixed Conversion Price'), or 0.0634 pence for the First Advance; and

ii) 93 per cent. of the average of the three VWAPs (as chosen by the Investors) of Ordinary Shares during the 10 trading days immediately preceding the date of any conversion notice (the 'Variable Conversion Price').

---

Trust me, I know what I'm talking about I deal with these all the time.

It's not just a loan ARahim. It's a dilution loan where the company can convert at a discount to the market price. Just look at ICON with that European Growth fund. 0.3p down to 0.1p and still billions to convert

UKOG had a convertible down to 0.2p, that got bought out in a placing then they doubled

Just look elsewhere and come back in six months time

Yep, sell up run to the hills and come back at 0.2p or something. Or maybe they will share consolidate and then become a 20p stock again :)

Absolute avoid, will be selling what I can ASAP.

Riverfort only means one thing and that’s dilution dilution dilution. The BoD are completely scammers and the share price is going only one way from here. I have loads from a 2018 placing , which by the way I was told ‘they don’t need to do’ but did it anyway which was maybe 1.6p? I think I can’t remember will have written it off anyway. Will be selling all I can in a few weeks time of it. Avoid avoid avoid and look elsewhere

Showing 0.4-0.5p spread all the time for the open then with 30 seconds to go Peel Hunt pop up with a 0.45p offer .. hopefully clear them off today

Bobat, are you blaming derampers and shorters of ICON for the reason the price is where it is? LOL. Always someone elses fault and not your own or the BoD who are utterly useless

I hope so.. we need a reason to invest. People buy VAST and sell VAST all day on hopes and expectations with no news .. we have nothing to excite people

Anyone here? Will the BoD actually release anything any time soon, or just another placing for some project and then shut up shop for a few months now that they have the money.. ? Zzzz..

donotpanic

Posted in: BOO

Posts: 7,952

Price: 279.10

No Opinion

RE: Blue day tomorrow folks , the capitulation move was today07 Jul 2020 12:19
280 looks like hard nut to crack... but will be gone soon and 300 will be left behind tomorrow

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Woops

Sorry did I just read you say no long can lose from here? That's pretty silly of you to post that on a public board.