Member Info for BigBear2

Movement

Expecting This to open up today and move closer to placing in coming sessions.

Yup same here tbh Namibia is a bonus play but there is plenty going on there next year with the drill bit. Regardless hook ups with Africa oil and Total speak volumes here Broker notes are out so hopefully we will approach placing price shortly

Is the big play here... The Option Agreement provides Total with an option to acquire a 25% Working Interest in the Orinduik Block from Eco Guyana (the �Option�). Eco Guyana currently holds a 40% Working Interest in Orinduik, and Tullow, the Operator, holds the remaining 60%. The Orinduik Block directly offsets a line of discovery wells recently drilled by Exxon in its Stabroek Block in the Guyana-Suriname Basin, with Exxon estimating between 2.25 and 2.75 billion barrels of recoverable oil. Pursuant to the Option Agreement, Total will make an immediate payment of US$1,000,000 for the Option (the �Option Fee�), at its sole discretion, to Farm-in to the Orinduik Block for an additional payment in cash of US$12,500,000 to earn the 25% Working Interest.

Fair call O&W, but quite clearly we are seeing a step change here. This is not only about Namibia. The calibre of the farm ins they are getting and the acknowledgement of the quality of the acreage tells me that this will move over the next few sessions

Staggered this is not higher... I always find the MMs hard to fathom. Some BS company gets a dodgy placing, they open it 20% above the placing price and won't let PI's in. Here we have a serious player (Africa Oil) paying a premium and wanting more...with a restriction on the amount of additional stock they can purchase. Feeling this will be one of the biggest stocks of 2018...

Bit of catching up here to do then!

Yup also saw that one, this just adds to it. I particularly like this that they will offer a premium plus seat on the BOD

In for a few been on my watch lid for ages Africa oil piling in at a premium was the green light for me

So after driving the company to the brink of oblivion he gets 50% of his 'missed' salary as shares at the placing price plus options! Sounds more like a bonus to me.

I also love lithium problem is Jim's found sweet FA of it! I just hope he is not doing another placing as that would be an absolute disgrace at this level

Just had exactly the same at AST, fundraise, then transformational RNS. BAU on AIM but extremely irritating if you bought in before the raise. Fantastic news here today but I would imagine there is a fair churn to go from the recent 2p placing before true value here..

V nice grades there, shows the clowns at sula how it's done. On sidelines for now but any placee flipping and I'm in great long term hold here...

so death by 1000 cuts in 25 mill or so dumps..

Feels like rather than a big sell there is a persistent amount being offloaded in the background....a bit like a darwin special. This will of course rise when the drill bit turns but I would rather not have sore chestnuts for weeks by the MMs sticking the boot in. Watching with interest

Jeez they really are putting the boot in here who knows where the bottom is 0.01 would be brutal

Didn't these plumbs refuse an offer around 10 mill as severely undervalued?? What a bunch of clowns, too busy justifying their own salaries I would think.

When the market thinks the CEO is a Muppet its not unusual to be valued below cash - check out GBP, also with an overpaid CEO who is not delivering and also well below cash in bank

The AIM is littered with well paid clowns at shareholder expense. He should dock his pay to 30k, so far my dog could do a better job of sniffing out lithium than he has!

So traders out. Hopefully he will not place at these levels, although the last 0.5 placing is looking v good value now!