Member Info for Blubay

That makes no sense at all, Americans who wake up at 8am New York time can buy shares in the morning, Hong Kong traders can buy it in the morning there, Euro markets open an hour before London, etc.

Just risk off investors scaling out of FTSE100 portfolios and trackers, has a knock on effect as shares are sold

Buzz - "in the coming days"

That was on 7 March, nowhere does it mention '2 days', get a grip.

"If I were the BOD I would have sent a holding email to the market the day after the PB close (good or bad)"

They can't really release news to the market without paying for a regulatory notice. They're running a business not a retail fan club.

"Mm still playing games"

Really, do you honestly believe that MMs employ thousands of elves to micro-manage the price of every stock listed on AIM?

"Its certainly the longest I have had to wait after applying through PB to find out allocations."

It's a different situation than most PB allocations because it's all wrapped up in the reverse takeover and re-admission.

You got in on Friday without looking at any of the operational or regulatory news on the company?

"If they have a good March , ARGO should do near 5 million dollars if BTC continues to rise ."

Minus the $4m it seems to be costing them to operate... minus any kind of headroom for investment/expansion

You haven't been ripped off Buzz, you either made a bad choice not to sell when you were in profit or a bad choice not to buy when it was cheap, take responsibility for decisions

Buzz - what's your current share position on BCE?

No Roger, it tells us nothing yet. The shares are still suspended and there’s no requirement to pay for more RNS than necessary. I’d expect to see one notice that announces the offer was completed and the admission document published, with a summary of process. We’ll see.

Roger, to be honest the company you invested in at its peak wave of optimism went bust along with your money. Now there is a new company with a different set of risks to assess and you have some free shares in it. You can sell them or keep them, your vote isn’t going to make a difference.

yeah, this is the intention to collaborate announced in the RNS

...or better still, we lend Noble the money by fronting the drill costs plus/minus any share deals with the rig operator and take a share in Noble in return as a de-risk across the two wells.

Yes, mobilising a larger rig and crew to rural Tanzania for a single drill for a small company isn't that attractive for an international rig operator. They might do it if they didn't have a queue of easier options. There's a much better chance of getting one for two adjacent drills in similar geological conditions.

Not necessarily that badly but you'd expect buyers taking risk in the bid offer to make more short term profit than most existing shareholders (depending when they bought). I have a previous average below 0.5p and I'm still not really expecting to be in profit on listing day, but who knows. I doubt there's much over subscription but you never know, any oil producer in the EU is an attractive prospect in the current energy security crisis, especially in Germany which has been hit hardest with access to O&G imports.

Nothing is confirmed until the complete offering has been reconciled and options considered. Obviously it would make sense to consolidate 10:1 or 100:1 while they have an obvious excuse to do it. They'll consider the likely price range for floating on the market but no-one knows how the market will react and any kind of large re-rate will result in significant sell off (seriously, who's going to hold more than half their shares if it bags on opening?). Banks and institutional backers also expect a listing price that gives them the option to sell a portion for immediate profit, otherwise they wouldn't bother with AIM risk. Ideally they want a risk free holding after getting most of their initial outlay back. The company gets what it wants with the new capital raised and the backers expect to get their pound of flesh in return. Long term holders usually get rinsed in the process, short term, but at least the bid offer was open to retail so hopefully anyone who bought into it gets a chance to make some money.

"If extended then that’s positive as clearly plenty of demand."

No, it would usually indicate the opposite

More than half of all initial offerings float lower on the market than the IPO price so it really would not be unusual to see an initial loss in value. Some do fly but not the majority. Remember, the primary objectives of the offer are to get a previously unlisted German company onto the London stock market without the hassle of starting from scratch (by taking advantage of Beacon's cash shell and tax losses) and to squeeze as much working capital out of the market as possible in the process. The purpose of the research note is to make it look as attractive as possible and push the envelope on possible NAV and share value as high as they can get away with, to attract bidders. Don't expect it to come true (just look back to previous ADV research notes), it might but with a lot of luck and no obstacles. They still have to contend with most of the drilling risks that ADV had.

Primary app still showing 1 hour left, but it will just be extended if they think it's worth it