Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I'd rather that than some of the snake oil salesman CEOs on Aim and other small companies with frequent RNS's full of wordy promises of future riches beyond your wildest dreams, but which are actually meaningless guff. Eg SYME.
Don't forget the Concert Party - group of wealthy investors mainly CEO's family in Kazakhstan also Al Marri in Abu Dhabi, own 50% so free float is limited and when it wants to move it really can.
And large bonuses due to CEO and Chairman if market cap reaches 800m USD (around 26p/sh), so they are rather incentivised to make this work.
Even if it was forward selling, they'd be well aware of the implications for the valuation and it's hardly going to be a project that reduces the value ... so I stick to my view that it wouldn't be them if they've got any sense. Having opted to take the risk by taking it in shares in the first place. Presumably they had some choice in the method of payment.
Hopefully soon irrelevant in the scheme of things, whatever ...
Casp from 6:58 on this chart analysis bulletin:
https://twitter.com/Share_Talk/status/1783581069129728172?s=19
Pleased I was adding while some of you were going on about dead camels ...
And a slow hand clap for the 100k seller just now. I mean, what do they expect to happen here if they finally start delivering after years of pent up promise?
It won't be the recipient/consultant - the shares aren't issued or available for trading until the 29th.
Quite apart from a sell making no sense having been happy to take the payment in shares rather than cash (therefore in the assumption they'll go up in value!)
You're right.
Clearly, we're all doomed. The whole exercise is pointless; they should all just pack up, go home, let the boat go adfrift, sell the rigs for scrap and leave the oil in the ground.
Good post DaisyDo.
People were a bit miffed at the WS acquisition, so in the space of a few weeks, private investors (not the Concert Party, but PI's) have fallen over in the rush to sell a proportion of their holdings, wiping out 30% of the market cap in the process. Well done to them (slow hand clap)
To what end? To show their disapproval? Instead, they could have communicated privately with the BOD. And as I commented at the time, the disapproval is only directed at something many of us would probably have done in the same position as the Oraziman family. Noting that the nephew has only acquired extra shares, not cash at this stage.
Yes, you can question the justification and terms of the deal. But to collectively wipe out 30% of the market cap seems, to my mind, to be just a tad over-reaction. Especially with a whole raft of positive newsworthy events on the near horizon.
Message received. Others are poised & ready to recommence the Rampathon, but not yet and it would be 'inconvenient' to start it again before the appropriate time.
Meanwhile, it's definitely all doom and gloom and nothing good will ever come of this.
Ok, you're obviously entitled to think that could happen, but if you even think it's a small probability here, then why on earth would you have invested or stayed in? The high percent ownership by the Concert Party is not exactly a new thing. Clearly this is only an investment for people comfortable with an element of risk. Which I am, but are you?
Surely it's obvious with the Concert Party (mainly Orazimans) owning 50% of the company, they stand to gain at a far higher exit valuation.
I'm with Mike, hanging on the coat tails of the Orazimans and bought three times over recent weeks on top of an already substantial holding. Much going on with Block 8 licence approval, and testing ready after that, drilling news and CE contract, plus shallows up for sale and possible special dividend. Many were clearly spooked by the latest acquisition, so it's an opportunity for those comfortable with the perceived risk.
There really hasn't been enough mention of camels today. To make up for this, here's a link:
hTTps://northcarolinahistory.org/encyclopedia/camel-cigarettes/#:~:text=The%20camel%20was%20named%20%E2%80%9COld,advertising%20is%20a%20friend%27s%20endorsement.