Member Info for bigdouble

Dragging the bid even

Today’s drop is purely the mm’s drafting the bid down. Give it an hour or so and we will be back to evens. Let’s give the new board a chance before talking about EGM’s etc. Lots going on in the next 3 months, hopefully a re rate within that period

Running short of shares, gap up coming

1.05

The Board of Clear Leisure (AIM: CLP) announces that it has allotted and issued 1,625,000 new ordinary Clear Leisure shares on conversion by two bondholders of the 2010 7% Bonds (“Bonds”) with a face value of £65,000 into the ordinary share capital of the Company. The issue of shares is pursuant to an agreement reached between the Company and Bondholders in 2014.

Application has been made for the new ordinary shares to be admitted to trading on AIM with admission expected to occur on or around 12 October 2018. The new ordinary shares will rank pari passu with the existing ordinary shares of nominal value 0.25p each in the capital of the Company (the "Ordinary Shares").

Following admission, the Company's enlarged issued share capital will comprise 514,717,462 Ordinary Shares. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Out

To buy

Over, up we go

For the boom

And this will explode

One SUPER major has carried out a new CPR and indications are an increase in reserves.

Can’t wait for this to be released

I am pretty sure Zaza confirmed super major at the start of the meeting. He was asked a direct question about this

I got the impression the majors, sorry super majors, have spent a far chunk of cash analysing data etc.

When asked what Zaza valued FRR at, he made a comparison to the world class oil and gas fields in Russia. Maybe someone else at the meeting remembers his exact comment on this.

What row were you sitting in?

Gas being produced at present will be converted to electricity and used to run operations in Georgia. At present diesel being used, so a large saving planned.

Niko delayed as it is part of the negotiations with the majors.

No full takeover happening

Deal will likely be free carry on a joint venture

Someone asked which super major was more advance in negotiations

Zara replied the first one

Bought a laugh

Enough funds coming in to cover YA and operational costs.

Zaza confident Georgian Goverment have no claim on licence and out contract in very clear. They are dragging their heals though.

Also confident YA have been naked selling and were caught red handed.

One major has carried out CPR and indications are an increase in reserves.