Member Info for ART123

Personally, I just wish that they had found copper at Pitfield. Wouldn't it have been so much easier?

Maybe today's RNS should have been released on the day of the Investor Meet presentation. It seemed very odd to do that formal presentation without any new 'news' at the time. That would have made much more sense and might not have 'crashed' the share price back down so fast as happened today.

Yes, 30th June 2025. We are currently in 2024 as far as I am aware, so the borehole doesn't need to be drilled for more than a year from now and as we all know with this share anything can happen - or not!!!

It would appear that CSS - Cambridge Sleep Science - is worth far more to ROAD as a sold asset than as a holder. While a purchase order is fine, the sum of cash involved is not very large and won't make any difference to the revenue balance sheet while funds from a full sale will make a lot of difference to the new business.

Sorry, I've just noticed that the drilling date is 30 June 2025 - I had automatically read that as 2024. Lots of time and no need to worry for now.

'In order to retain the full 300 km² licence area without any future partial relinquishment, the Company must now commence drilling the Loxley-1 appraisal borehole no later than 30 June 2025.'

So they will need to raise some funds to pay for the cost of the drill. Does anyone know how much this is going to cost? Only problem is the already tiny m/cap.

"Will give a little 5 min chat this evening as usual to add context."

Where is the link to this info?

Here it is:

https://twitter.com/OrosurM/status/1772157601574498768?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Plus this:

https://twitter.com/OrosurM/status/1772158993445888114?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Flagstaff TV usually do the podcasts with Brad George and I see they have already posted here today - see Analyst Comment at 10.53 am - so I would expect that a podcast is in progress and will be released either later today or tomorrow and hopefully this will answer any questions and make things clear.

I mean podcast rather than presentation. We had one of those - presentation that is - back in January which saw the share price as high as 4.55p. Just a simple podcast would be good enough for now and might be enough to get the share price rerating back up from the current low.

Did someone say we are going to get a presentation? Or am I imagining it?

It will certainly be a good idea

More like:

The last RNS sounded too good to be true - and it was as it turned out.

As for not even bothering with CT4H well testing, despite claiming that it was producing approximately 600 barrels of oil before being shut in again to allow all efforts on site to be directed towards the remedial repair works on the CT1H well. That sounds suspect too. Are they incapable of doing 2 things at the same time? M/cap about £600K.

It appears to be 'production thresholds' and not 'exploration threshholds' so unless or until this gets into production there is nothing to pay.

'The proposed consideration set out in the letter of intent is a net smelter return royalty of 1.5% and cash payments of up to US$15 million payable upon meeting certain agreed production thresholds.'

It doesn't need to 10-bag from here to be a good result and worth a buy on this news. This was 4.5p and as high as 5.5p in January just on talk of OMI getting back 100% ownership and now that is as close as just over a month away and with no upfront cost.

And it could be finalised by the end of April while the worries were that it might have taken months and months to come to any agreement.

Zero cost up front

I suppose the next move by Draper will be to re-RTO Bidstack under a new name. Say give it a £20 Million valuation, as no doubt some Broker/Nomad will give it the go ahead if they get bunged enough cash. Draper will no doubt own at least 50% of the company and instantly make himself millions from the pre-IPO placing.

Then 6 months to one year down the line, the m/cap will be back down to a couple of million after a succession of poor results and updates and the poor old shareholders will be shafted all over again.

The only surprise is that this is even allowed to happen. It is all rather pathetic.

To repeat from yesterday's post, I do and did not hold any shares here and will not in the future and my only reason for posting is to make an observation of this despicable behaviour towards shareholders.

Alliance News

Fri, 22nd Mar 2024 16:03

Bidstack executive team buys Bidstack Ltd assets from administrators

The executive team of Bidstack Group PLC has acquired Bidstack Ltd and all the operating entities of the group from the administrators, according to Bidstack Group on Friday.

London-based in-game advertising company Bidstack Group said the deal for an undisclosed fee sees Founder & Chief Executive Officer James Draper and the executive team of Bidstack Ltd become significant majority shareholders.

The executive team includes Lisa Hau stepping up to chief financial officer, Dave Garvey continuing as chief legal officer, Will Stewart moving to chief product officer and Daniel Barrigas to chief technology officer.

Bidstack Group said all contracts and client relationships will continue within the new ownership structure, which it said would safeguard jobs for the UK and European-based staff.

"The acquisition is a pivotal moment for the next phase of growth for the business. Our technology is at the forefront of sports technology, and I couldn't be more excited. I am proud that we are able to reward our ambitious and industry-pioneering team and have them as shareholders alongside myself," said Founder & Chief Executive Officer James Draper.

"The company can now focus on the enormous potential we have, to enable sports teams to get closer to their fans and improve the player experience by bringing their virtual [intellectual property] to life, with real-time messaging, rewards and engagements."

Shares in Bidstack are currently suspended as it is in administration.

By Greg Rosenvinge, Alliance News senior reporter.

I am assuming that posters here have read this as it is shown on this website. I certainly had read it before posting my recent comments.

Maybe an apology for my tongue-in-cheek posts is in order, especially to those who have lost money here, whether big or small amounts.

Having said that I was always very wary here and I could never see what everyone was raving about and I posted as much a number of times over the last few years. To me, there was never any revenue being generated nor was the revenue ever increasing and the only thing keeping the company afloat were the continual placings.

Unfortunately, that is not going to change and Draper will now stupidly be allowed to do the same all over again and lose the next set of investors and shareholders all of their money all over again. Shame or rather shameful.

Maybe they could have tried this trick on at Wilko, a store that I found quite useful and certainly miss. Maybe they could have put the old business into administration and then the owners could have bought it out of administration for £1 - the usual figure in such transactions - and then just continued with a business-as-usual sign in the window. In that instance, it would have been the banks that would have lost all their money, rather than the shareholders as here, as Wilko was still a private company.

It's quite criminal what 'respectable business people' can get away with.

I was not invested here as I always considered that this was not a profitable business and it still won't be even in another incarnation. Bit like Cineworld who managed to make all the debt and shareholders disappear so they could continue the same old misery.

I see that Bidstack - ticker BIDS - have put themselves into administration and then on virtually the same day as the administrators were appointed, the CEO and founder of the company, James Draper, has bought the whole business, lock stock, etc from the administrators for an unclosed but probably miniscule sum. What an absolute farce.

Is Millholland planning such a move here?