Member Info for BigBear2

With a decreasing cash balance, and in the event that market conditions prevent us from sourcing partner funding, it may be necessary to raise additional capital in the coming year.

The problem is there are a shed load of shares that the lucky few got at 5p that can be dumped for easy profit. other than more snouts at the trough so far we have had zero news...

People converting warrants is v positive IMHO. We already know there are many people that will dump at a profit so nothing new there. The simple fact that they converted when we are suspended shows great confidence...

More snouts in the trough. Hard data required on new deals etc.

Glad everyone is picking up on this as I think it’s massive

Heavy dump
2.69889 13,500,000

I think the BOD are actually telegraphing to investors that their will be a solution here but it will be very unpalatable for current equity. I flagged this before but look at what happened to GKP. equity wipe out, but then the recapitalised company has been very successful. Just watch the tone of the RNSs change post recapitalisation....

It would not surprise me to see Kerogen to be a part somehow of what’s going on here.

Unlike many it gives me no pleasure to see fellow PIs potentially diluted to oblivion, but people really need to open their eyes here....If the company is to survive it will need support from the bond holders. Quite clearly they are playing hardball and want control of the company. The only play here is to buy after the inevitable dilution takes place, tail swallow so to speak to buy in after the deal is done....

Shaa elephant in the room is the as yet untested light oil horizon that Exxon are tapping next door to Atomic acerage...

Pretty clear to me same scenario playing out. Bond holders want control of company ...

Still staggered at 88e mkt cap... sp @ 1.5p, absolutely nuts on another DW con job....
That being said if that can be on a mkt cap around 200m on a duster that should be a doddle here.....
Tick tick.

These dinos messed up big time they had a slot on the back of the last FOGL drill but got greedy over farm out terms and the way it’s looking they could well have to relinquish the licence or dilute on derisory terms. Poor to say the least...

The joke is 88e with another duster is valued at 175 mill by the market. Surely we have to open at min 200 mill mkt cap.

No idea why 88e is still a bag and a half above placing price.
Looking forward to news on misceable flooding here and the relist.

Yup makes sense to buy PROVEN COPL

My guesstimate for cash at hand 1-1.5 mill usd....getting very low.

Will be out in next couple of weeks. Expect same flannel about farm in process ongoing and a hefty reduction in cash due to bloated salaries.

I think we assume the MMS will be a9se holes and do that but I assumed the same when CBX went post IPO. Opened up 3 bags from the IPO price and kept rising for days on buying pressure. You just don’t know. It will depend on what the IIs decide to do.
What is indisputable is the quality of our proven assets and the fact that the already improving macro environment for POO is likely to get better once planes back in the air, which could well be in summer.

Please stop being mean to Joey or he will tell his mum