Member Info for bigdouble

Both

Looks like the board need shareholders approval for all the intended warrants at 1.3p. Opportunity for shareholders to make a stand imo

All buys but showing red

Could be that EQT has found a way to recycle shorters. Incinerate them and they turn into hot air.

Genius gone a bit quiet lol

If you say every morning it’s going to rain, one day you just may get it right. Next time check your reading the correct RNS.

Still burning I see. So transparent

Love the fact that they try and justify the new warrants by saying previous warrants are underwater due to the low SP. Can we all swap some stock for a lower price please.

Following the grant of the Director Options and Incentive Awards, existing options and warrants over 108,206,949 Ordinary Shares, in aggregate, are outstanding (including historical options and warrants and those issued to Prolific Basins LLC), representing approximately 16.7 per cent. of the Company's current issued share capital. Whilst the Board recognises that this represents a higher percentage of the Company's share capital under option than is typically recommended, options over 5.5 per cent. of the Company's currently issued share capital are significantly underwater and are expected to lapse unexercised on or before 31 October 2021 (over 60% of these expire on or before 31 December 2020). The Board notes that over 92 % of these options and warrants were granted between 2009 and 2018 to individuals who are no longer associated with the Company. Additionally, Non-Executive Director, Jon Fitzpatrick, has, with effect from today, surrendered options over 2,500,000 Ordinary Shares previously granted to him

Try ditching all aid to the Country and then see how quickly they get out of bed.

Joeltg99 - let me work on it first. See if I can knock any sense in them

Reply received trying to justify the boards actions. Personally I’m not buying it. I have requested that they reconsider warrants at a fairer price of 3p. I won’t hold my breath, but unless someone makes a stand these AIM directors will just take the ****.

Further to the two RNS announcements this morning, I would comment as follows.

Facility to raise $5M - I fully agree and back the board’s decision to protect our main asset in Tanzania. We need to be in a strong negotiating position if we are to either sell or farm down our ownership of Ruvuma.

Corporate update - I am amazed and quite disgusted that the board feel that the progress that has been made in the past near on 2 years justifies such incentive awards. The share price is at pretty much rock bottom and they seem to think setting warrants at a price of 1.3p is acceptable. Long term investors are between 60% - 90% down and at present the new Board has shown no value to these shareholders. All we see is dilution and directors lining their own pockets. A total disgrace which I intend to highlight at the next AGM.

Regards

InvestingGenius - your posts now smell of a desperate shorter being severely burnt. You were not even able to correctly read this mornings RNS. My advice would be to close your short before you get incinerated.

The Company is working on a more detailed update but are not in control of some different moving parts. They hope to update shareholders as soon as they can.

I presume this is just a holding announcement. If not we need to seriously question what the Board have been up to for the past 18 months. I will try and find out the situation and revert back to the BB

In March 2017 EQT’s SP was around 6.5p. At that time there were around 1.346 billion shares in existence. Today that would equate to an SP of 2.16p based on 4 billion shares. This doesn’t though take into account how far we have come in the past 3 years and the overall growth of the renewable energy sector. I would therefore place our SP at 4p - 6p at present, let’s see where the market takes us. GLA

To buy, up we go. Blue the colour

No problem getting quote to sell. Just no quote to buy

Gone NT to buy again

All buys but showing rec