RE: Big Positive change is coming8 Nov 2023 09:22
The facts are:
Every one is waiting for the others to make the first move and get drill results to reduce risk and attract JV.
The easiest spot is with PTR and they don't have any cash to jump in, they have the shallowest confession.
Exon Mobil has the deepest concession but they have a deep pocket and they can wait to get GBP and TRP licences for free. This is what it seems to be the game at the moment They can wait GBP and TRP can't.
GBP has tiny mcap and need cash badly. with lowest price at 0.04 few days ago, The new investor is likely to have a discount as well and it will be a heavy dilution at a very low price. Even with cash raise say at 0.04p and GBP will be only able to maintain wages and licence fees. if they want to do more they need heavy cash raise say 95% dilution just o conduct extra work not a drill.
It is really a hard situation unless someone decide to drill and prove the area to be worth investing GBP ond investors and current one is going to be nothing.
reducing bod wages and costs will only stretch the pain. New management clearly will have the flag to wipe existing share holders value and adopt new investors.