Member Info for ART123

Thanks (indirectly) Tiburn.

$6Million for a well is not a worry, especially as the oil has already been discovered. COPL could raise that sum and go it alone with or without a JV partner. Some companies will spend sums like that or a lot more on a drill and not even get a discovery.

Please anyone.

Does anyone here know the cost of drilling just one well in the deep discovery with the price to include the horizontal drill which I think is the plan and testing.

Cheers in advance

I must admit I did buy largely on the strength of the article that was posted here about the floatation on the German market that saw the company's share price rise by 300% from the IPO listing price. That obviously hasn't happened here - in fact, the share price has fallen by nearly 50%.

I thought the presentation on ProActive was poor and the gist was that they won't have a product before Q2 2023 and even to get that will need them to get a move on, especially considering that they have spent the last 1 year and 3 months doing virtually nothing.

Besides who floats a company with 12,500 Million shares in issue - answer = idiots - and worryingly 1,852M of these shares were previously UK Spac holders. who I believe are all more than a bit peed off with how this has taken.

https://assetmatch.com/app/OurCompanies/

I see that fastjet are listed here too and it gives instructions on how holders can trade/sell.

I am not a holder but am just trying to be helpful.

Which is the same as the 0.003p price when they delisted.

Parsley Box is already listed on Asset Match with a starting price of 2.65p and a m/cap of £1,923,807.57.
https://assetmatch.com/app/OurCompanies/

It is just a pity that the crooked management and Brokers/Nomad thought that the company was worth over £80 Million on listing.
"On 26 March 2021, Parsley Box announced a fundraising to both institutional investors and customers which has today completed. The fundraising, which was significantly oversubscribed and well supported by customers raised gross proceeds of £5 million for the Company and £12 million for selling shareholders. At the placing price of 200p, the Company's market capitalisation is approximately £83.8 million."

Existing shareholders made a cool £12 Million for a company that less than 2 years later is relisted at sub £2M.

I don't hold here but did make a profit on a recent trade.

ATB

Personally, I have never held a single share here as I always considered the BOD to be a bunch of rogues from the beginning with the share price constantly moving upwards with no news and a silly high valuation from the early days. This was always going to be trouble. I seem to remember that Chris Akers was involved and that is always a bad sign.

I am just posting to say that people posting that shareholders here will have lost everything is false information as they will most probably use an asset match company such as these
https://assetmatch.com/app/OurCompanies/

Here you will find several companies that have recently delisted in what is fast becoming a craze. The share will not be worthless but may be worth less than people want or expect.

3 trades so far on the strength of that boring news/acquisition and no doubt a further fall in the share price over the coming weeks.

Maybe CB should have shunted this latest project into one of his other smaller African based companies and found something of more potential for XTR.

Personally, I would prefer XTR to acquire another sizeable asset, on a par with the Bushranger Project, probably in AUS rather than Africa, where there is an opportunity to prove up a larger resource and the share price can multi-bag as it did in the early days of the Racecourse exploration. Get the SP up to 10p or so, and still be holding Bushranger.

One of these days I fully expect these charlatans - by which I mean both the podcasters and the dodgy CEO's - to make a goof and bring what is obviously a pre-recorded podcast out before the relevant RNS is even released. That will finally catch them out of what is little more than dodgy insider trading.

Today the RNS was released at 3.53 pm and then, within a mere 37 minutes, the 'crafty' team from the Takeaway Podcasts managed to drop whatever they were doing and read and analyse the RNS. They then managed to locate Colin Bird - I have heard at various times that he lives in Portugal, or the UEA, though he sounds as if he just lives in the north-east of England - who just happened to be free and completely ready to immediately do a podcast. All very unlikely in the real world!!

This podcast was then recorded, edited and brought out as The Midweek Takeaway (luckily they had this slot ready and waiting) within, as I have said, 37 minutes of the RNS being released. Wow, what a performance.

Unfortunately, this sort of slick performance is not possible, with the more likely scenario being that Colin Bird contacted the Takeaway team several days ago and informed them that he was going to be bringing out an RNS. In order to get a podcast out on the same day, he was asked or maybe he volunteered to provide the Takeaway team with a pre-published copy of the RNS which allowed them time to read it and analyse it, swot up on Zambia and the contents and then record a podcast, all wrapped and ready to be brought out almost simultaneously with the news release.

Fortunately, the content was not very hot, except maybe for Mr Bird, and the share price was not going to and has not risen by any great amounts. Of course, if it was hot news and doing the podcasts in this dodgy manner, then the people who were privy to this advanced information and their mates would have had a day or two or three to buy lots of cheap shares in advance of the release, only to be ready to offload them for a tidy profit as soon as the news came out. There is no way that this podcast could have been prepared and released within 37 minutes so they must have seen the contents in advance. This is not fair and is clearly a case of 'insider trading'.

While it is very useful to have these podcasts, I do not feel that the presenters should have the opportunity to see them in advance and to 'insider trade' the shares.

"If this is not a bargain then I don't know what is
10 Bagger to get to last week Sp or Monday sp
10 Bagger!!!!!!"

WHAT A STUPID POST.

Last week there were 38 Million shares in issue. They have now issued another 425 Million and the Open Offer could issue a further 149 Million.

The pre-placing 38 million shares at 12.75p gave a m/cap of £4.85M - 463 Million shares at a 10-bagger share price gives a m/cap of £48.5M. Silly.

I see FFD78 has noticed that already and posted so!!!!!!!!

At a 26% discount to yesterday's closing price that is quite a drop.

If you scroll down for a few pages to the section headed:

Details of the Placing Agreement and the Placing Shares

and the section headed:

Principal terms of the Bookbuild and Placing

it gives the placing price as 7p so they obviously drew up the paperwork intending to get it off at 7p only for the share price to fall below this figure.

As this is quite a popular share and the placing price is quite low I would not be surprised if they raised more than the proposed £7M.

Or maybe just over 18%. Who cares.

22.5% I think. 622M existing shares and a minimum of 140M new shares. And there will be further dilution if the drill is successful and probably more if it is not. Dilution is not a factor to worry about too much. Besides some exploration companies have as many as 20Billion shares in issue these days.

It looks to me that 'skittish' was posting absolute nonsense when he was saying that HE1 could not do a placing as they did not have any allocation to issue new shares. I have not perused the placing RNS in too much detail but I have read the following:

"The Fundraise is being completed within the Company's existing share issuance authorities."

It just shows what utter tosh posters can come up with if they try hard enough!!!!!!!!!!!

Targa123

The only figure they have given is a full production target of 54,000kg of dried medical cannabis flowers per annum.

If that is split into 6 harvests then each harvest would be about 9,000kgs.

Apologies - I've been fact-checking.

"With cultivation cycles expected to last nine weeks each, Hellenic expects to achieve six cultivation cycles within each 54-week period."

So that should read six cultivation cycles per year (or per 54 weeks)

I'm surprised that this is only down by 4% (so far). Back down to 2p by March, I reckon.

I read on one of their RNS communications that they intend to grow 9 - yes NINE - harvests in a year!!

It's time they got a bloody move on with the first one.