Member Info for bluemango

Forget the middle sentence, obviously.

500m !

Yes, was expecting 500k rather than 1m.

Yes, was expecting 500m rather than 1m.

Have to say these sales have been absorbed with relative ease.

Yep, surely that's the end of the overhang.

Onwards and upwards, should be very little holding this back now ...

Correction to my earlier post, second trade was 1,976,923 shares, not 1,476,923 so it's only 500k left and they could well decide to hang onto those for the rise ...

Looks like we now have proof it was the advisor with that second trade with the odd number 1,476,923 with 4,476,923 awarded and 2 million already gone.

Just the one million left and then no overhang ...

Have to agree George, that sounds plausible. Avoid the tax, take your fee via the trade instead and maybe hang onto some for the rise.

Maybe they're hedging their bets - keep the majority but convert 2m to cash.

Or maybe it's not them at all but just some punter who's desperate for cash immediately whatever the prospects.

(Re SYME, before anyone asks, no I would never touch them with a bargepole and never even tempted)

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.

To be fair, he sold out in April 2022; those comments were two years ago.

How about you two call a truce? If only just for the weekend?

Readers of these bb's are actually able to think for themselves and make their own minds up, based on the evidence. Or should be able to ...

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 ...

And if they've got any sense (knowing they're aware of the project being advised on, and it's likely impact on the share price) they'd probably not sell instantly at these low levels anyway.

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?

They mentioned two different dates on two different documents, 25th and 26th. Seems it was the 25th after all.

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!)

The 'certain outstanding fees' were £145,500.

Interesting that the recipient was happy to take it in shares, and at an instant hit of 20 grand on 2.8p current bid price.

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.