Member Info for Bridgedogg1

Assuming they can be funded in the first place

So the $4,350,000 borrowing facility must now be maxed out hence the £300k fundraise. So where is the cash coming from to fund these new wells? Income is flat. Must be running on fumes. Need to 100% carry our partner on the first 3 wells. Will it be another fundraise? Not much juice left to squeeze there. Must be hoping for a sizeable increase in the borrowing facility off the back of the recent partnership. Does it include any bookable reserves? The next few wells will be make ir break for NTOG.

Cov

Yes I thought it would rebound quickly but the financing has been drawn out, 3 separate raisings is damaging even if ultimately it’s the save amount. Would have preferred an EGM before the first bridging finance and hit this done. Now it’s wait and see, I’ll prob top up after financing and only before if it drops 10%+ from here

Seems like the MMs want to move it down regardless of the buying. Might be in for 'just' another 40% day. Same tomorrow please.

Why hasnt this moved toward NAV?

Such a quick move from 8p to 10p means we have to go back and gradually fill before the next leg up. All provides a solid base for world domination.

Is this a good raise? 10p seems like a good level

Here come the buys

04-Apr-24 14:55:06 8.44 100,000 Buy* 8.25 8.50 8,440

04-Apr-24 14:54:58 8.40 100,000 Buy* 8.25 8.50 8,400

04-Apr-24 14:54:48 8.39 100,000 Buy* 8.25 8.50 8,390

You know when the traders come looking for a lower entry you are onto a good thing.

Added, thanks very much. I'm chasing 30p from here.

With yesterdays draw down we have extended that another month to June.

Sufficient in the RF facility to extend it until the end of the year but this has entered a new phase whereby we will be shipping large amounts of products all over the world and that requires capital. A great chance now to get in at the ground floor. Financing takes all sorts of guises...

Don't get sucked in to the quick drops to gather shares is my advice. The buyer will keep chipping away at this.

Roger, they don't offer it, when take it when we want it.

A £48k buy just popped up from earlier, thats 0.5% of the company. Someone building a position

As we flush out the sellers in the late 8s and 9s just wondering if we will see some >3% TR1s popping up. We've seen some regular £5k-£15k+ buying for 3 days and its just £300k for a notification, probably a US buyer.

There is always tomorrow... and next week... and next month, plenty of good news to come, it wont be a 100% rise everyday but the trajectory is rapidly upwards

Anyone doubt this is going over 10p? 🎁

Who is ‘they’?

Anyone with that level of control would be a billionaire within 3 days. It’s the buys driving this up, nothing else.

This isn’t a silly company, look at the consideration given around the RF funding in the 31 March 2023 RNS. They said then they wouldn’t do a big fundraise at low levels and managed to get a fairly good deal. Now we are in a much better position. Either way financing will take the brakes off and daily 20%-50% rises can be expected as the norm.

I’m sat at the pharmacy waiting for my blood thinning meds, this is my last lot before they move me to clopidegrel. They im going to ask for the test before they start 👍

If it hits 30p tomorrow I might sell, otherwise I’m m holding 😀

That's the 7p sellers mostly out, should move into the 8s now

Only a year ago this was 42p!

Anyone who wanted to sell in the 5s and 6s are out. We will see a sell off in the 7s now before moving to mid 8s