Member Info for Bishop190

3 and a bit times current mcap? You must be joking, or Chinese!

Laura does not seem to have an understanding of the basics. It is market capitalisation which counts Laura, not the number of shares in issue.

Market cap here is very low compared with what may well be the value of the company if the upcoming drill goes well.

No charge for this rather basic tuition :-))

50-100m, my bad!

These are relatively small buys, when we see transactions of 50-100k shares then we will know something is afoot.

I told you the other day that it is invitation only. So nobody is going to post it. You would have to ask the group owner.

It is by invitation only.

@blissful, you are quite right.

He seems to be as good at maths as Diane Abbott :-))

I think it is ublikely that the Vali rig is for TRP, because:

a) Borr says it is committed until 2Q 2026. If there was a contract in place then TRP would have had to RNS it.

b) I don’t think JA would want to use a new rig again after what happened ten years ago.

Meanwhile the Thor rig, built 2019 and the same class, is sitting in Singapore marked available and warm stacked.

Namibia.

Highly unlikely that he would sell before the value of Namibia licence is determined.

Look it up yourself, people are not here to do your research. The company has funding proposals which it is considering, obviously these are price sensitive which means it cannot do a placing at present.

I find it stunning that people cannot understand these basic facts, they should not be investing without researching thoroughly for themselves.

Clearly you don’t understand, if they have price sensitive info they cannot run a placing. What do you find difficult about this simple fact?

Can buy 5m online at AJ Bell at.00349. Maybe you need a new broker :-)

There’s none so deaf as those who refuse to hear!

TRP will not be using the Norve rig, the contract it is on was extended well into next year by the present user.

Borr has recently launched a new rig and it is this one which is speculated to be the one to be used.

Some of you need to keep up :-))

Well said Caspar.

Agreed, a sensible a detailed post.

Probably best if you stop abusing people and just make sensible comments on the shares, whether in favour or against. Then nobody can take issue with you.

Possibly about half that price if the well shows a good flow rate. There is some way to go before that point!