The 5 day cancellation notice is optional for Riverfort and YA
If one or both give 5 day notice the BOD must have contingency plans in place for tapping the mkt and shareholders for new money. at discount 50%+ with warrants,to the then collapsed sp.
50% because there is no up to date valuation CPR in place.
What was it you posted about yourself ''-have I posted anything that wasn't factual?''
You hang yourself in your last half dozen posts.
No doubt will be silly enough to continue to do so.
Have a good evening.
SP is falling slowly away from its recent full 4.50/5.0 trading range mainly due to the lack of interest -11 trades,caused by the dearth of news on all fronts,
Assumptions concerning SNPC payments need verification in view of their previous non /delayed payment record.
AAOG winning its case via the PCC is nowhere near a given outcome,if it was AAOG would have gone direct for costs and damages through the normal commercial legal routes instead it has chosen the cheapest way out, yet its case has merit !
If the sp continues its drift down from 4.62 on the trade ask, it could trigger a hurried RNS.
No sign of a spike unless a false dawn.
Meanwhile all the ostriches are ignoring the hard facts over the reality of the situation.
DS is involved in ICON which has had a rapid sp collapse .
The sp is sitting steady when it should be moving towards 7p++,to help dispose of those 100+ million shares (add in the 25% dilution to shareholders)to enable required payment to AAOG.
The longer the sp stays in the doldrums the greater the probability of a 5 day pull out by Riverfort or YA or both creeps nearer.
Also the longer the expected RNS takes to arrive the harder it will be for the sp to maintain any spike.
First news of ongoing funding as expected, CPR update . Licence details finally concluded. Operational drilling plan confirmed and dated. Rig contract signed and drilling schedule announced.
Court case in the PCC needs to be resolved so removal of the existing rig can take place , removing the on going costs of around $300k to 400k per month rental charges, charges that will rack up a few million$. The fall in the £ against both the dollar and the euro will add about C9% to those charges.
Will SNPC continue its payments knowing AAOG cannot drill whilst there is a disputed rig on site? Would SNPC be prepared to pay its share of the proposed new drill when they delayed payment over the first drill?
AAOG were not clear about winning outright its local claim against SMP despite the case having merit.
The BOD have lost the trust of investors, to understand why it is necessary to read all the sure fire comments and promises in the IPO and various RNS releases,all of which ended in no BOPD,no income ,no money ,a CPR being stopped and all the IPO funds being spent on returning nothing except loss to shareholders.
If the funding fails then BOD have RNS'd a backstop of a call on shareholders and the mkt for money.
Expect an RNS by the end of August at the latest.
Until then many red flags are in place.
I would remember 'failure' as in manufacturing the truth :making personal comments is childish to say the least.
As for T bully,a BB stalker full of spite: as if everyone else was to blame for his investment decisions
Their was an attempt at boosting the sp by mkt manipulation which has not worked out.
Any idea who was behind it?
A number of posts are missing, presumably a few days ban has been put in place not that it will change attitudes.
Whilst waiting for news the sp is bound to fall away if it gets anywhere near 2.5p or even towards 1.5p level those of us that understand how the business works and consider the down side risk worthwhile will be increasing holdings,
It would be good to take a profit for a third time.
There is nothing wrong with wanting the sp to fall to buy in at a better price, after all dealing is about profit, where possible.
FWIW check out RBD,its an unusual set up.
Dividend statements no longer hold water, when made by a BOD that has failed to deliver on any of its IPO statements,, all previous millions spent resulting in zero production.
Ridiculous to avoid ''50p to take on £1 '' such thinking has no value for obvious reasons.
AAOG can do all the window shopping it likes, its still got a rig which it has to be paying for on site. Further more the company has not finished its financing.
The existing financial arrangements are optimistic, the mkt knows millions of shares are due to be sold on a regular monthly basis .
Anyone buying shares is going to see the sp drop as many millions of shares hit the MKT
Speculative MKT manipulation has been seen and withdrawn.
Further variable buying may again cause a spike in the SP, especially if BOD make share purchases statements which because they are late in the day will be recognised as a sp pump.
Such share purchase statements may be held off in case of a shareholder call for refinancing.
If an RNS fails to address the situation with a decent funding update to include all the awaited information then shareholders will be offered the chance to buy into a deeply discounted refinancing package.
To many red flags in place to count.
You may have misunderstood my post, my profits have and will come from dealing within a changing sp.
Presumably you have dealt in the share so follow a changing sp.
In terms of the company making a profit, from day one it was obvious it could not
The company on a hard asset basis will be lucky to make a profit in the long term as it will always be spending to develop its intangible platform asset,
In short the difference is in how returns on intangible assets work against tangible assets, on that basis their is huge cash flow potential which is what the sp consensus will see.
Have a great weekend.
Taking a profit is what investment, particularly risk investment is all about.
Whatever anyone does with their money is their business.
I view DISH as a profit growth opportunity, many times over.
Every time banking a profit is much better than seeing it on paper
As for 2p+ many will add a few million..
I doubt it will get to the low 2ps but what a buying opportunity is my view.
A display of sour grapes is childish.
In my view the sp is a bargain because of the growing fraternity of can't cook won't cook will love finding the best and cheapest places to eat , especially if money supply constraints kick in via Brexit.
In 6 months time we will know the platforms growth in terms of restaurant and their contribution to cash flow.
Until then the sp has plenty of room for growth.
The sp is of no account? if that is believed,the coming sale of millions upon millions of shares on a monthly basis will be meaningless.
How many days left before the sale is due to start? Extra 19.99% sales on a daily basis. -inbuilt steady dilution.*
Expect the SP to hold, no chance
How much time is left for the sp have to recover enough to prevent the 5 day withdrawal option become operational.
Maybe the financiers will pay from their own funds, optional,
If that does not work and 5 day notice is given then the BOD have RNS'd their next/last resort is shareholders.
Few will throw more money at a BOD that has not delivered on any of its sure fire promises since IPO.
Remind me:'' I would not have bought at 10p if 5p etc., so wont be buying into any discounted call on shareholders.
What discount to sp when no updated CPR valuation in place.
Agree on one thing the BOD won't give up a gravy train untill all funding has been wrung out of all sources
No pie in the sky for me.
Added 2 X 150k to DISH
Interesting share trading ,unusual, as it appears one broker has been used for around a dozen of the 37 odd deals.
Sp will probably average 4p to 5p , spiking on occasion until the coming share sales then it will fall away.
There are a number of better OG EP shares which have had success, have sound fundamental yet sufferi from the malaise of unreasonable discounts to cash flow and asset values.
Probably caused by growing green attitudes which forget the world cannot be without oil
For no particular reason between 40 and 50 extra trades suddenly appear in various splits to boost the sp towards the 7p+ mark: if it is not repeated the sp will fall back to the 4.50/5p.
The cash amount for the extra deals is not much.
The incentive to avoid a failure.
One way of looking at the whys of boosting is because BOD cannot deliver to meet PIs expectations on drill dates licence etc., even news of SNPC last months payment would be good.
The BODs track record does little to recommend their information service.
In the face of what looks to be share price manipulation little can be relied on for the sp path.
Does not auger well for the future.