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So possible 20% dilution if all warrants are exercised but an extra 1.7m in the bank. It does remind me of the reports when GGP started to rerate the first time in relation to Ernest Giles. I’ve been here since the Copper Flat days so would be good to finally see some return on something I’d written off! Hopefully they can still use that AUD 66m of tax losses in Mercator too.....
Gallini, yep. And that’s without the other assets and potential here.
So on the basis of 3 months of year to date (and Jan looks low compared to Feb &Mar) i make it £3.2m a year profit before tax... from 8 wells. Hmm what’s the typical PE ratio for an oiler? 10-20?....
In terms of the confirmation statements: For LLPs they declare members and persons with significant control, reg office etc. For Limited companies they declare directors, share cap and persons with significant control, reg office etc
SBP is correct in that CH website updates pretty much straight away for Director appointments.... but that’s only if they have been submitted. Co may simply have not submitted them yet...... trust me they would not be alone in falling behind in their admin and remember with the exception of the Plc there is fairly minimal regulation of the Ltd co.s
Sometimes it’s been questionable whether it’s balls, blind faith or pure stupidity on my part! But we are where we are, the concept has always been good it’s just realising it.
Yep I think 2012 was my initial buy at 14p! It’s taken faith and hard work to bring that average down to sub 0.9p I can tell you!
Hi Cobra, I’ve been quietly adding when funds allow (around funding Mrs Blanka’s extension!). Drop in now and again to catch up on the board, although some weeks are definitely better than others! Admit I top sliced a bit early last year but I’ve bought more back since. Definitely a long term investment for me this since my first buys in the (whisper it) Enegi days.... this new GTW initiative looks promising, hoping the new guy can deliver
I’ll take 8% a day for however long it takes for the first deal to be announced.... it has been a long wait
What’s with the sudden leap before close?!
Ggg, not disagreeing with u just curious really. The murky world of MMs seems like black magic to me at times! Continue to wait patiently.
How would u expect to see the buy though? A big after hours trade once it is filled?
Ggg, Not sure on these codes things. In this day and age wouldn’t they just pick up their smart phone and send a WhatsApp or something? Secure end to end encryption and all that
It does seem controlled. Needed to wait a fair while yesterday and today to get under a penny. Which I’ve finally just done.... although it is showing as a sell on moneyam.... Fingers crossed for even a progress update soon. Been a long wait since 2012 and 15p!!
Anyone checked PERE on google finance this eve? It’s showing as 880% up (we wish!) may be nothing but could indicate things are being reset behind the scenes.... fingers crossed it’s coming soon
Yes, Dividend carrot dangled, no timescales but that’s exciting for investors. Overall an upbeat report from the skim through I’ve had
Was it Pine Mills that CEO previously said profitable from $31 a barrel? If that’s correct I make it about £1.5m profit a year. Plus then Permian basin assets. Remember only 78% of the 155 net to NTOG. What’s typical P/e of an oil producer??....
How can Directors investing £40k more of their own cash in a company be viewed badly? Surely the more they have in, the more they are aligned with us? They could have chosen not to buy these shares as they are options. It looks like these are the share options issued in Jan 2017 which could have been bought anytime from Jan this yr when 33% vested. So my question would be why suddenly exercise them now?