Member Info for Bespoke

10-Feb-21 08:26:33 0.6252 18,000,000 Buy* 0.60 0.65 112.54k O
10-Feb-21 08:27:42 0.625 18,000,000 Unknown* 0.60 0.65 112.50k

Hopefully!!

In4 - Thanks for confirming

Tiburn - Any reference to the saffron drills Costing ~$500k each ?

Bully - Think he means book the loss from his trading account to offset against other capital gains whilst keeping the long position on a SB account. Some brokers will do this for you

They couldn’t go deeper. They tried sidetracking but it wasn’t successful

Coupled with the fact that they are pushing forward to be added as a party to the JR !!

Not the actions you would expect if the drill was a failure !

Not only that Garry.. there’s the 2.3p guarantee in place to the hedge fund.. From the sidelines it appears that the board are very relaxed and content and not sending in the big hitters to prepare for a duster !

You’d like to think that they would have put in more effort with the recent presentation if they felt that they were going to need to raise funds for the cerp assets on the back of a duster !

No flights today

https://www.flightradar24.com/data/aircraft/n145jw

That would lead me to believe there has been a find and they have something to analyse!!

If the well is a failure, they will inform the market right away as it would be prudent to save costs on any evaluation work

I cant see how LO can exercise the call option after their recent media postings! Same goes for the warrants which is a good thing!!

45-60 days was the full estimated duration so as of Monday we are at day ~50
Recent supply ship movements and a heli flight imply that work is still ongoing! The longer the better from here IMO as if there is nothing to analyse they will need to notify the market

Cars: Nice to see you posting again. Any gossip mainland on the drill?

It would make more sense to keep drilling if they had already found commercial oil to unlock the full potential. !

With the HF guarantee in place it would be very risky to keep drilling on hope if they hadn't already discovered something

CatBoy - How do you know they are still drilling?

The drill doesn't stop turning with the ship leaving on the same day!!!

Dead cart the oil is down there

Commercial aspect is the unknown !

Star: https://ibb.co/tBP2K8f

Star.. From my textbook

"Shares held by fund managers and collective investment schemes are notifiable but at different levels. Instead of the 3% threshold, they must notify interests that exceed 5% and again when they exceed 10% and then at every percentage point change above 10%" Taken from CII J12 Securities advice and dealing

Almost all BTC is mined from renewable sources. That is why you get the seasonal changes in hash rate from the Chinese miners. If anything, it makes the energy markets more efficient. It is not possible to store excess renewable energy.

The minimum declaration for funds and collective investments is 5% (3% for PI's) so they still have a huge amount of shares to offload

Pay attention to what people do, not what they say!!

Let's see if they exercise those warrants on a successful drill!!!