Member Info for bsg4

She might actually have a backbone and was fed up of fleecing the PI for funding for dead projects.

CLN's are pretty ruthless. They'll be exercised at the lowest possible price and flipped to PI's for 10-20% profit. What ever the news , the SP will probably not rise. It's all down from here. IMO.

If you look back at the RNS's you'll see there's an awful lot of dilution to come, OTTOMH I think there's some $15Million CLN which will produce billions of shares.

I expect she'll be delighted with the results of the drill whatever they may be.

You're correct. "It's our money he's got", mostly in his pension fund and bank account.

Typical AIM , just lining their pockets.

I expect she'll be delighted at getting yet another placing away.

Wait for the placing, I say.

A few years back RP stopped taking shares as part of his remuneration. Now he just takes cash. You can see what he thinks.

I think you’ll find there is no low for this share it continuously goes down.

I imagine he's making the most of the remuneration package until it all goes pear shaped.

Depending on the size of the pump, it generally produces 5 to 40 litres a stroke. So we haven't got a gusher.

You start off thinking your company will be a great success. Try to minimise dilution by issuing bonds. Realise the bonds aren't going to happen. Start doing placings then just keep doing them until you retire.

Trouble is there's huge dilution to come as funding is mostly equity based.

They're never going to pay divi's as an oil company. They'll blow it all on geothermal.

HH I know what you mean, some simple Googling shows for example a cut off of 5% for a viable Zinc mine. Where WSBN show 1%, so no where near. "These results are spectacular" seems a bit over exuberant but then he's probably lining up the next placing to keep him on the gravy train.

Look how many shares he has already, another 23M is peanuts to him. This will only go up and stay up when a deal is done. So lets wait and see. Emphasis on 'wait'.

I doubt if somethings afoot. This is SRES after all! He's just did it to placate the angry PI's that have deluged him with e-mails. IMO.

Don't forget AIM companies are there for the benefit of the board members, not the share holders. It's just luck if they do really well and shareholders get something worth having. As to a placing, with the SP under 2p as I type any placing will be well under 2p.

In that someone has bought this dog?