Member Info for Caledonia

OscarIndiaLima - would you mind elaborating what you mean? I've got about 50k RKH shares outside my ISA that would be nice to have in but can't until allowance renews in April, when (hopefully!?) it'll be too late. Am i missing a back door?

Yup, I guess now NLR goes in, mines right, and comes out of it all with bucketfulls of cash, the hard work all having been done at the expense of the PI / Gambler.

In my view that is what AIM is, a roll of the dice. In my limited experience and un-knowledgeable position, dabbling in AIM, the 'house' has always won.....

@Andrew1987: I agree NLR pre-pack, having milked us for all he thinks he can get. But i doubt there's anything that'll get even close to court.

Them's the risks of AIM i'm afraid.

That does indeed sound like the mood music.

I wonder if there's any oil recovery advantage to being at both ends?

How can you say that unless you know what PD's finances are, or what other demands there are on his cash? I agree it would be a positive sign if he put his own money in, but it means nothing that he hasn't. He certainly doesn't need to explain himself to you or me on that count, and was quite right to ignore your question.

Cardiffhobbit, your understanding / experience / position sound a lot like mine. I agree, this year feels a bit different, and I must admit, although i've been in 88E 4 years i only went big (for me) this season, wholly with the intention of getting out around wireline results. I haven't done because the big ramp never came i'm currently 25% down, nevertheless i'm really positive about next year and will hold till then.

As for the 7Ps, is this year not a great example of that, planned well, executed to plan, necessary data gathered to feed into nthe part of the original plan that happens next year. I'd say the Planning performance has been commendable. I don't fully understand the Ice Season, but I hope we don't have to wait till next April for the Flow Test. I wonder if the schedule for that might reflect the excitement of the company? All guns blazing in November vs against the end of the season in April.

Finally, expecting FTSE100 shareholder value out of a company that's come on AIM to raise some easy money (just like us) is in my opinion a bit foolish. This is gambling, nothing more, nothing less. Some are here cos they like the name, some are here because they think they know the form, the management are here for a salary, not for us.

I actually really appreciate the comments of the likes of Scott and Rabito, frankly they appear to me to be better informed than the rest of this Nest of Rampers. I don't know if what they say is correct, but it's certainly credible ans seems well thought-through. Unlike "4p tomorrow" which is the routine brainless refrain.

I'll hang on now till next winter because i've invested what I can afford to loose, but not because i expect this company to be worth 4p tomorrow. At this point I'll be happy to get my money back.

Brombarb, sorry!

Thanks Brombard.

I've been in 88E for 4 years and timed it badly every year, really thought this would be my year, but alas, looks like we'll have to wait till next winter!

I saw in the notice of AGM
RESOLUTION 3 – APPROVAL OF 7.1A MANDATE
To consider and, if thought fit, to pass the following Resolution as a special
resolution:
“That, for the purposes of Listing Rule 7.1A and for all other purposes,
approval is given to the Company to issue up to that number of Equity
Securities equal to 10% of the issued capital of the Company at the time of
issue, calculated in accordance with the formula prescribed in Listing Rule
3472-03/3168642_3 5 7.1A.2 and otherwise on the terms and conditions set out in the Explanatory
Statement.”

Am I right that this is enabling a 10% dilution to raise funds for the Flow Test and do the collective hive-mind think that'll be the limit of the dilution?

Cheers, Andrew