Member Info for CarsCoffee

Can’t say I am knowledgeable on the subject but I would consider it highly unlikely once the drill is turning that any injunction attempts would succeed.

Countdemonet remember all the people getting paid in shares weather it is for services or lending money, they have no interest in taking the drill risk.
Most are 2p so anything above that it is a bonus. We probably have Billions of shares including some old institutional investors who are selling into the market.
They will want to get rid of all those shares before the announcement of results. If we start seeing over 100 million volume for a couple of weeks solid we may have a chance at getting rid of these shares which will allow the price to rise. Without that we will just have to wait with a possibility of a decline down towards 2p until they are done

The 35% as far as I am aware is commercial. It is almost a cert that oil is present in that area as reported that oil has been seen coming through the sea bed.

Hey Garry, yes the past set of funding makes no sense if you have any confidence in Spud let alone hitting oil.
My hope is that Potter is just a terrible business man as the other option is no confidence in spud or outcome or corruption.

Don’t know a site but we are around 5x the low during COVID 1. A huge recovery in the scheme of things

Test, you are betting against a Brexit deal then? I see a 10-15% swing either way based on a deal or no deal.

Garry, can’t be the confident part as they are flogging shares at 2p. So only leaves one option

Yes but as I think you said, they won’t or shouldn’t release the results until after the 60 days. I think the Spud triggers the ability to sell so we will see an RNS on spud.
Why not wait until after spud for the fund raiser? The share price would be 3-4p then they could still offer the 15% but at the 3p price.
The only reasonable explanation for the deal is corrupted.

2.3 shouldn’t be a problem soon once the 100’s of millions of shared start getting sold. 15% return for those guys In Just a few weeks. Why wouldn’t you dump them at 2.3p.
I forgot they are Guaranteed 2.3p so they may as well dump them at 2p, makes no difference to them.
Than you BOD, your insight is genius.

Anybody know why we are not flow testing this well? Could the extra money be to extend the drill period so this can be done?

A day and a half travel to the site plus at least a day maybe two to setup. Assuming they leave the 17th then the 20th could be spud. Likely to be a day or two later in my opinion.

I have to say I have found the board amusing throughout. Certainly some characters on both sides.
I come here to see if anyone has any news that I have missed but end up reading just for laughs.
I am in a few different businesses and cars in one. I have always seen Aston as one of the premier brands and as such expect it to continue to recover.
The current team is as good as it gets so creates great confidence in the market. Brexit could go either way and I guess by holding we are taking a gamble short term.
Long term it shouldn’t matter as we will negotiate out own trade deals however it will take more time. I try to give a balanced opinion as ignoring the bad parts doesn’t benefit anyone.
Good luck all.

Definitely has lots of tricks does Potter but some are a bit too blatant in my view

ShareScare I have had my rant. I don’t understand how it can be legal however I will not continue as I still want to look forward to the success of the drill.

I know I am going on a bit on this fund raise issue but it doesn’t smell right.
The deadline ends after 60 days from Spud. I assume that means we will not get news before the 60 days are up.
If we do get news of results before the 60 days the loan provider can just sit back and wait for the results then sell at 20p or worst case as the price crashes just take the 2.3p.
I can only assume that the results won’t be published before the 60days or the corruption of this deal is even worse than I first thought.

Sharescare I have send a message, let’s see if I get a reply.

“ I am writing as a shareholder and have concerns regarding the recent raise.
It seems strange that you would borrow with a guarantee provided for a 15% return over 60 days.
The 100’s of millions of shares will be sold into the market, most of which will give them a larger return but just in case you will guarantee 15%?
Can you please justify this kind of preferential terms that I have never seen before in business?
If in future you need any more funding on similar terms please contact me. I can raise £10 million in very short order. Probably next day in fact.”

How is it that on AIM the BOD’s don’t have to answer for this kind of corruption? Do we not have a governing body who would look at this?

Anybody else want a guaranteed 15% over the next 2 months with an upside of around 100-200%?
Funny I think the answer would be everyone in the world.

Whe4to the issue is the terms. Guaranteed 15% but actually they will be selling to us between 25% and 40% markup maybe a lot higher over the next 8 weeks. Absolutely ridiculous.
It can only be an inside deal with those kind of terms. Doesn’t give me confidence in the BOD

Yes unfortunately a couple of decimal points out