If spud will be on the 20th they will have to leave Freeport later today or tomorrow morning. Once on final approach I will take a deep breath of relief.
Chesh, I didn’t manage to see the ship. I am heading out on a boat trip myself on the 19th for a week but definitely won’t be going towards Cuba. I would have done the finance at 10%
This finance deal had to be an inside trader favour. Who wouldn’t take a guaranteed 15% over a max of 2 months. This basically means the share price will be pegged down as the 100’s of millions of shares are sold into the market. The price will drop while this is happening but it makes no difference to them as they will be topped up by us if it drops below 2.3p. A complete scam from the BOD’s
Jim I am of the same opinion. The numbers being used should be the best case scenario of 7 billion barrels. This is the potential upside of the current area that has been charted. This is the number that the Bahamians need to know. I am fully aware this is years away from production and proving these potential numbers. What P1 does is show that they are in the right place and will allow for many more wells and finance to maximize the potential. Even if you take 1/4 of the $40 per shareholder. The potential is definitely in the ground for a £1 share price and we will know soon if we will get to find out more.
The old prices are very relevant Dunnie. The IPO market cap is definitely a future hurdle and it is good to be able to see the whole picture. The IPO price was justified using the kind of numbers that we will strive towards over the next 2 years. Once a profit is shown we will take a big jump in that direction.
RE: Stena Max due in Freeport Tuesday14 Dec 2020 11:12
I don’t hate the fund raise but I do think they should have bumped the price a little. As pointed out by others to me it shows confidence that the court case will not happen however it also shows more evidence that they may be hedging against a Duster.
Definitely looks to be heading to Freeport, going straight between Abaco to the north and Eleuthera to the south. It will be 39-40 miles from me at some point tomorrow. Might take the Nortech out for a boat ride if the weather is good.
RE: Leno's 'New Mission': $3bn Assets By 202413 Dec 2020 22:21
That’s not great, Sebas Bastian is a known numbers guy who was involved in illegal gambling houses for many years. Not the guy I would want helping with a fund.
I would agree that it is likely that the Judicial review will be rejected. Probably Monday we will hear something. I doubt the drill will hit the ground until the 22nd