Always interesting to see some of those who like to portray themselves as hard nosed savvy investors constantly coming back here to make their points , I would have thought they would be too busy counting their money. All great stuff and entertainment and so often divorced from reality :-))
21:58 We have posters who though they claim professional qualifications post on here absolute arrant rubbish, mistake $ for £ (or just omit )and indulge in very unprofessional personal attacks either on DW or other posters, it seems some adopt the policy of any means to achieve their own ends, I have no great knowledge but I think I can tell when the disingenuous are about :-))
20:53 and that is the crux - 5% or above and it's a form 603 , so far I have not seen any . "The obligation to report threshold crossings derives from Part 6C.1 of the Corporations Act 2001. Section 671B(1) of the Corporations Act 2001 obliges a person who obtains a “substantial holding” (5%) in a listed public company to disclose the interest to the company within two days of acquiring the interest and serve a copy of the disclosure on the relevant market operator (generally the Australian Securities Exchange (ASX)). A substantial shareholder is a person holding or having interest in 5% of the voting shares in a company (or if there is more than one class, 5% or more of the shares in any class). The shareholder must thereafter notify the company and the relevant market operator of any subsequent change of 1% or more in their interests."
Now if I saw this posted by someone else I would probably do a bit of googling and just validate, but that is just me :-))
OTC is a market formed by an amalgamation of brokers, they are buying & selling stock to private investors just as market makers in AIM would do but of course to be in the market they have to ensure they have a route to the stock they are selling and also a disposal route, doubt any real manipulation or smoke and mirrors JUST trade.
Every activity, every transaction, every company statement, every ASX release is being subjected to scrutiny and very often negative spin often on the flimsiest basis and often obvious lack of knowledge of regulatory regimes, oil & gas regulations and practise and often by posters who state they would not be invested here under any circumstances, have been and told us they have sold up (some with poor timing), what are these posters worried about or is it just jealousy at having missed out :-)
RE: What are 88E plans to monetize an Asset?12 Apr 2021 15:37
yes that is what DW talked about in context, sure quite a few here and in HC thought he had made it up and certainly did not realise the context, but hey what matters the truth when you get a cheap punch in :-)
RE: Merlin-1 confirm presence of oil IS as POSITIVE as it GETS !!12 Apr 2021 10:21
09:55 Never made any secret of the fact I am here to make not lose money, but I tell no one to buy or sell or indeed ever forecast prices either up or down. The recent OTC "happening" took no account of fundamental valuation as far as I can see and I think I know enough and have enough oil and trading brains within my family to understand what is happening and more importantly the cos. As for ISA I have only ever advised "to consider" and given appropriate links for them to make own decisions , not sure what point you are trying to make, :-)
08:11 Not sure about the significance of the 3% (per Australian Corporations Act 671B - 5%) + Appendix 2A and cleansing Notice are clear cash equiv. $5M received and that was the statement made to ASX, we do not know for sure what ELKO's contribution to the whole drilling process was and previously we have stated a direct contract with All American Drilling . So lot's of assumptions based on few known facts).
07:43 I agree 100% rodrod1 otherwise WHY would they be posting , you can be absolutely certain it will not be for altruistic reasons ! There are lots of things potentially in play at the moment so difficult to predict anything, after all I do not recall anyone forecasting here the purchase of Peregrine, Umiat , Yukon or indeed the OTC "happening", what I can remember are those who predicted that we had no chance of a permit after Biden and all the talk about Farm Outs was rubbish etc If it's not impossible it's possible. :-)