Member Info for Charlie1984

Fingers crossed as the MC of £84m will be surpassed quickly as we will get the NPV rerate this could jump to double that with the increased output to come so would only just be the start

My rational is this:

Current MC £24m
Warrants at 3.5x current SP 0.5c lowest 1.7251 highest 1.7367

£24m x 3.5 (to make warrant price) = £84m MC
This MC looks to include the total value paid for the Atomic asset in its entirety.

Might be completely wrong but I believe this confirms that we should receive a RNS shortly confirming 100% ownership

Tico I am speculating her but Atomic deal has a couple of smaller partners.

If you look at the SP in form they are higher.
If you look at the Canadian stock price they are trading at approx $0.5c the prices in the form:lowest $1.7251 and highest $1.7367 which is approx 3.5x the SP could the shares have been issued at a higher SP like a warrant to secure the Chinese holding and the $4m shares, thus meaning he has secured 100% ownership and the remaining balance being by way of finance?
This could suggest that we will see the RNS for additional holdings in Atomic, further RNS for finance and confirming 100% ownership.
If he has forced their hands and said he wants 100% and will make it work but your shares will be placed higher as our SP will not be low for much longer he would then have priced the atomic deal into the MC future price rather than current (does that make sense?)

This is the rule quoted of form:

https://www.albertasecurities.com/-/media/ASC-Documents-part-1/Regulatory-Instruments/2018/10/5410522-ASC-Rule-72-501.ashx

Bob - Art emailed

I have asked him if he cannt respond with answers to my questions that he updates market via RNS to stop any speculation and explain what this is.

Have emailed the Paralegal detailed at the bottom of the form and asked for more detail.

Don’t think calling him given the time difference will go down well.

If/when I get a reply will update the BB

It looks to detail the numbers of people (16) that participated in the placing and the location in which they reside.
I was expecting further TR-1 you never know if this is circulating maybe the shares have now legally swapped hands and the market will be informed accordingly.

Bolton going for 14:07hrs

MM fishing but plenty of buys going through a lot of the buys are reported as sells so not giving a true reflection but big round trades looks like a big buyer or institutional investor loading up

Well guys those that believe the deal will be done and dusted by the 31st January have taken positions.

We literally have 10 trading days left of this month.

Transition date falls on a weekend so expect a RNS on or before Monday 1st Feb.

As mentioned MM again consolidating and taking shares and making it NT to buy.

Will currently take my full holding, not to sure why people sell when it’s NT to buy and the roll take your full holding?

Things set to get interesting here, ignore the daily fluctuations the night gains will come for those already positioned. GLA

Tightest spread in a while should be good movement if we can generate some volume - GLA

A large number of RNS on this share will be PM on or around 14:00 this coincides with pre market opening in our sister market.

So basically MM are showing a sea of red to give the impression of a sell off. They do this to encourage the weaker PIs to panic sell to fill the buy orders rather than using their own stock meaning they retain the same values for the next leg up. Seen this a number of times on various stocks. Very, very sneaky. What you will find if no one sells and the buys continue they will need to do a double tick up and go fishing again for sellers.

All the reds are buys the crossed trade “buy” posted at 0.27 trying to throw the market off MM wanting shares as it looks like they have buy orders to fill. Seems posting crossed trades higher than share price, on or close to the ask shows all the buy trades as sells very sly, MM trying to increase the range to change what the computer generated sale appears as - GLA

We need to look forward not at the past and certainly not at things that fall outside the control of the BOD.
Licensing has and still is on the cards, recent delays have been down to Covid-19 nothing else, further more if the government wasn’t going to issue the licence for any reason they need to inform us in writing 60 or 90 days (unsure which without digging) prior to the extension date. This hasn’t been received so there is nothing to suggest that the licence isn’t a given and delays thus far have been down to the current pandemic, as I have alluded to before the Nigerian government rely on the oil and gas revenues to fund them by some 80% of their overall yearly income. They want and need investment to support their income stream.

Further more, I dont think the market has realised that we have acquired 15% of Atomic and we should hear about the remaining 85% within a matter of weeks.

What does this mean, well it means that we have been receiving 15% of all Atomic revenue since the interception date of 01 December 2020.

Why things may not have went to plan in the past that shouldn’t shape out future. Hopefully what is away to unfold will change the negative mindset of a few on this BB.
Moving in the correct directing, revenue generative, awaiting to increase current holding in Atomic from 15 to 100% and licensing can drop anytime.

Surely not the true value of Atomic at 15% is seen in our current MC, surely on that alone the sp should be in the 0.45-0.6 p range - GLA

Guys the buys and sells are all over the place, more so today the sells are not all as they appear. 205m sells v 78m buys I shouldn’t need to point out that this isn’t rising 10% + on those figures, infactt no share rises on a sell to buy a ratio of 3 v 1 please pay no attention to the red trades as the computer recorded trades incorrect. Clearly more buys than sells !!! GLA

Bladderman - sure there is a song there somewhere lol “Ain’t seen nothing yet”

Was it sizeable ?

Just wondering if it is possible that we will see another TR-1 today guess we will know in the next hr as yesterday’s RNS coincided with pre market opening over the water?

The more shares that are RNSed as being in sticky hands via the TR-1 process is a massive way of strengthening our hand as it reduces free float puts them on the radar any increase or decrease by 1% needs RNSed. This means we monitor if they sell down or increase holding upwards.

8mm on 1 stock must be expecting a lot of volume and hoping to move this up through the gears quickly

The shares are bought by the MM these are Market Makers or “Dealers” they will make on buying and selling stock you have a few prices on a stock “Bid” “share Price” “Ask”

You will find the MM if you sell will offer you closer to the “Bid” price and when they sell to buyer the buyer will pay closer to the “Ask” price.

They basically have the free float of shares which if they buy amount increases the Sp increases if the sell volume increases they will drop the SP.

As a way to cover them selves you may see it drop on open on a negative RNS like wise a positive RNS they will open it up to make the most out of the good news