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All to play for this week. Equipment coming in tonight if all goes to plan.
Two placings and Zimbabwe facility gives us cash required to get this over the line.
Will it ever happen? I'm betting yes. RNS Wednesday to confirm equipment, RNS Monday to confirm production.
"While the Company continues to face challenges in securing new performance guarantees, it is progressing discussions with credit providers and clients to find solutions with respect to the guarantees required for its recent contract awards."
What would it mean for the contracts if we were unable to secure performance guarantees?
Crazily looking like this could go back into the 40s. The share number of placing shares are overwhelming any rise.
Is there still 4 ‘co-CEOs’ paying themselves £300k fit signing a few deals each year?
Looks like the cash will be chucked the the black hole that is WN.
Remember the guy that ramped this share 20 times a day for 5 years, saying it would x10,000%, then left suddenly after saying it wouldn’t happen? Sold out at 0.15p, then it shot up to 0.25p a month later? It’s down around 75% since then.
So it’s all about to happen now?
Https://corporate.exxonmobil.com/news/news-releases/2024/0412_guyana-offshore-development-whiptail
Must be adding huge value to our Guyana assets. Correct me if I’m wrong but we still have direct interest in Canji block as well as indirectly through shareholding in JHI? As well as Orinduik?
Is there was any legal recourse against stark we would heard about it. Look at Hum, they had performance targets baked into the contracts, stopped paying the co tractors when they didn’t hit them and then replaced them. You think George thought to put performance targets in? Turn the page on stark, new lot seems to know what they are doing.
Friday? I’d aim much higher than that if there’s news.
And yes the vote is just a formality
Just 6 trading days then it’s 23 April and vote. I’ve been saying since suspension that I would prefer for this to be kicked out until after the vote. Then we come back with finances sorted and business back on track. If it comes out of suspension next week it will be very volatile.
This is micro cap so share price is on near term value drivers so there’s no surprise it’s drifted when we were waiting on Q4 offshore, now onshore Q2 and offshore Q3 means it should pick up significantly higher to a level higher than the post farm out rise. No value attributed to non O&G assets, seems they will only be considered once we actually receive some cash for them.
I assume there’s a reason the offer wasn’t past on the shareholders? It must have been an informal discussion.
Could be news on Guyana, Orinduik looks to be nailed on for massive oil for anyone willing to fund it. Plenty of interest around there.
Heard in the interview that terms of JV agreement is out for signing on Mutate - lithium and gold. I thought Li3 had 50% and not much had been actioned for 2 years? How big is it?
Drifting as expected. Can’t see much happening until middle Q3 when construction updates start coming in
As there was no real new information on the update it seems perfectly timed to simply kill the rise. What was the point? I’m not a conspiracy nut but this doesn’t make any sense to me
I’d suggest the reason he didn’t get more was because the discount would have been huge. £2m was easily churned. They asked for more and he gave them it. We know prem needs whatever it can get. Once sc6 starts rolling off the press a rise using the remaining authority might actually clear it. Just looks massively incompetent and unprofessional to do an additional fundraise 1 say later but that boat sailed a long time ago.
It would be good to be back in the 14-17p range when onshore news comes in.
I think after flipping their shares in one day they defiantly wanted more.
Yes all good for NTOG. Cash position increasing since the beggining of the year. We’ve got new acreage to explore with 87% WI. For the first time it looks like it could be falling into place here.
Seems that the shirts may not be closing out then