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Agreed Florida. Any delay is likely due to awaiting absolute confirmation from Bahamian Government. I'm expecting an extension to the exclusivity period and would expect that to signal commercial terms all but agreed. IMHO.
I topped up again last week - looks a decent opportunity here, new BoD and placing at virtually zero discount. Recent trading patterns indicate news is close. DYOR. GLA.
mines showing as a sell,13,888,888 - could never understand why buys show as sells?!
Really disappointed with the RNS yesterday. Genuinely thought UD2 was going to be great, they clearly knew this didn't perform a number of weeks ago but wanted to deliver the news with a number of other updates - this doesn't sit right with me.
Yesterday made my mind up and I've sold all my shares. I wish all of you LTHs the very best and hope in time you get your just rewards. GLA.
Just topped up here - holding 25m shares now!! At this price, it looks a very interesting opportunity.
"Genuine LTH" I've been here plenty of time! No stress here just massive frustration.....
So over half way through July and STILL we are waiting. WTF is taking so long, the longer this goes on the longer I'm concerned...
Tick, tock, no news by 31st July and I'm out. FFS!!!
Agreed. I'm expecting the mother of all RNS's of confirmation of a deal with major and execution of Heads of Terms.
Feels like a lot of Friction here the last few days.
Keep calm, I truly believe this is happening.
ITS. COMING. HOME!
Tick tock.....
Surely news this month? If not I think I’m going to cut my losses and run!
Agreed Spike. I run a boutique M&A business and I’d be surprised if all agreed in 3 months. I’m fairly confident we will get a deal at the end of it and once confirmed I’d expect this to be a minimum of 10p.
I think the SP will hover around 5p now just like it did around 3p until more news. Since the announcement of exclusivity with a major this has turned into a proper gamble. IF we get positive outcome with a Major this WILL be a minimum of 10p on confirmation and IF we don’t then it’s back down to less than 1p. This is the gamble. Simple. DYOR.
MMs trying to hold it back but resistance breaking again. Expecting a strong finish back to 6p
See they are at it again, they ramped the hell out of this last week and now talk of placing. I offer no investment advice but please please please DO YOUR OWN RESEARCH and ignore anything else anyone says. I personally think this is a good opportunity at a very very cheap price given the potential but this is AIM after all!!
Any thoughts on whats happened to this?
22nd Jan:
"I am absolutely delighted to report about an early and potentially very material success at the second of the three testing intervals at Ud-2 well.
"We eagerly await next phase of a scaled up mechanical stimulation and post stimulation flow rate of the second testing interval but I believe the early results of the testing already both prove a material sustained deliverability of the Ud-2 well and provide significant confirmation as to the Block 12 potential of the Gareji reservoir, development of which will be transformational for the Company and Georgia's energy industry"
Will get some profit takers Bryn. Same as yesterday then it took off again. Can't see where this levels out before ultimate confirmation?
BZM look like a classic pump and dump imo
Expect some profit taking then further rises....
Classic gamble this...
Must be a leak, was 3.25 on Weds!!!
I can no longer keep up, 5.2 bid and 5.30 ask!