Member Info for Cocobeans

Whoever you are

its pretty obvious a deal isnt going to be concluded in Jan, they have not agreed terms, told the market nothing is happening this side of xmas- will need to engage regulator, lawyers, and a host of other things

have you ever completed a corporate transaction? let alone when dealing with Gov, tax advisors, lawyers and with a PLC?

THIS ISNT HAPPENING FOR MONTHS, IF NOT ANOTHER YEAR! The risk of any transaction here is also the integrity of the listing with AIM!

GL but i wouldnyt pump any tax lose transaction and focus on the assets that they are working on- mind you, not much to get excited about there, as its all sub optimal ala ALBA

At AXIS that dont have the money to settle, having to take an 8% loss

forget the tax losses as Nick repeatedly says - its a very difficult process

I bet that wont stop a few boards members ramping it in January knowing its not anywhere near happening, as its in their DNA

This company is a mirror image of ALBA- promise land and happy to spend money on too many assets but ultimately they are all pretty much a dud

trades the ramps but be very clear you are likekly to be rogered by this lot time and time again

Absolutely nothing is going to happen this side of XMAS

then they need to work out the structure, then they need to formalise actual terms (ECR dont even know whats on the table "ECR believes... believing and knowing are two different things)

IF they ever get to an agreeable position, ECR need to restructure, consultant NOMADS, consult AIM, they need shareholder approvals, this is all without the small fact of expensive lawyers and law that will take months to work through

its not about being a de-ramper, its exactly whats in the RNS, these things will take time, i wager a bet that this is still ongoing this time next year! AIM will not be an easy piece of this puzzle to solve as its a material change to the structure of ECR

This all costs ALOT of money to arrange

AGAIN THINK LOGICALLY, ECR will be burning tens of thousands money on LAWYERS, NOMADS, 3rd Party consultants, JUST to negotiate, so by time that ends with NO GUARANTEE of completion, alongside their proposed programme, ECR needs more money by Q2

there are soo many loops to jump through here

all you will hear from the BOD is the nonsense ramping as they want the price stable to issue themselves more shares and to help their mates make money.

this is "the game" of AIM, dont fall in love here as your likely to get a stinky finger

Any monies coming into the company will go straight back in the ground, so its not like they are promising a dividend or the cash will be held, im really not sure why people are getting so excited about this company

its been on AIM for 15 years, delivered nothing but dilution and now is run by promotors! hilarious that they seem to think they are some professional outfit! its a pay day for the few and a sore a55 for the many

GL but keep looking at that share count dilution, the boys just need this higher]]

oh BTW they maybe taking salary in shares but ask the boys about the "consulatncy fees" and third party contracts that somehow relate back to them all..

adidios

Many on here are misisng

1- the tax losses recovery after fees likely be £2-3m cash - likely in stages - likely subject to loads of caveats etc the

2- because of this the company will need further funding as they burn through money on drilling programmes and G&A

3- the bigger point in all of this, is IF they ever sell these tax losses (not even got a structure to do so yet - says in todays rns that the buyer has engaged to seek guidance on optimal structure) that by time they do the dilution to keep the company flowing will push the MCAP up- they would have spent the money in bank and the upside is therefore reduced as the MCAP gets bigger

now with 2bn+ shares in issue after this dilution

MCAP AT 0.4 is £8m against lets call it in middle £2.5m of monies to come in- its hardly that inspiring as that isnt taking into account further dilution in the meantime, delays and any operational hiccups. so upside based on the diltion that the rampers have added to company is reducing month by month

careful buying the nonsense here, lets not forget that this is run by aload of social media rampers and brokered by the biggest disgrace their is in the city!

Https://lbbonline.com/news/skanska-and-boklok-agree-a-new-partnership-with-s4-capitals-monks

The market is trying to find a level to trade at, at moment to buy you need limit orders as execution is off ie cannot buy at quote

so either there arent the sellers or they are moving this for a buyer who wants a certain price

you decide, could go further but equally feels like the coil is being pulled back and at some point.

Around at the moment suggests the selling has dried up and stablised - should start seeing a climb back to 50p/60p without any news

AND i couldnt buy straight online quote- very very odd

Do WSG need for equipment upfront etc?

are we sure they dont look at debt as CLN? Or was it asked that they are solely looking at conventional debt

its alarming when they say wonka style rates and they might just go with it??

if the contract was that tight surely a factoring company (high street) could fund the invoices etc

interested in taking a position here but funding is a little concern

any sensible view would be super!

cheers

this is a play for like for ******* and a close circle to make a ton of money, they arent working for free, they are getting paid in shares, their consultancy companies are being paid (non declared) and invoiced and the merry band of brokers and insiders are just their play things to be told inside info to promote

mike , burton, andy blowster , leon hogan been at it for years, check out all on same stocks, axis is the middleman etc

mike can paint whatever picture he wants but having escape to cyprus after a tough time, he knows the game he is playing and it isnt his old invetsor group (white knights)

axis crap on everyone and anyone and these boys are using this to line their own pockets

good for them, but lets not forget ecr assets are the same as what they were 2 years go- they drain money and aim is designed to line insiders pockets not retail

check he1 if you want another example

95% of aim is a joke, ecr is just that bit funnier given the so called experts involved

gl

Yep- basically without itumbula being a success, they will never be able to raise money again

no thoughts on the weather either which gets worse as the month goes on

why the discount - well she couldnt answer that either

she is so far out of her depth, that its clear she isnt the one making the decisions, i think she will be happy when this is all over, just to go back to being a geologist somewhere else

the lack of buyers here is the concern, even i thought a few would pick this up after the risk of no drill, literally everyone is burnt with this stock

problem for them is even on success, they wont have enough to raise and they would need to raise fast it she just admitted it would take months to get all the equipment on site to revisit tai3

this stock is a madness

punt here- lights out of a spike and then lights out it seems but this is not for LTH as dilution will come big time if they ever find any success

GL

Of o drill been taken away- that was the biggest risk for most as that would have meant 6 months of just burning the cash and then dying

this has given the company hope of survival

inbetween the drill starting and ending (30days) NHE are going to ramp something and that will give this a spike

i suspect HE1 know this is the last dice and will throw everything at trying to get any kind of positive result out of this well! they need it to keep their jobs as at the end of this drill they have 2 months of money left

therefore you have to hazard a guess by hook or by crook they will announce something positive here

Should be a positive day as most people didn’t think it was happening including me

£8m mcap

£8m cash

No pre drilling run it build up

Nothing built into price

When are NHE lab results due?

Is changing what’s going on from within the company

If people was so bothered they would have voted Cope off the BOD but people didn’t do anything

Nobody can be moaning as it’s clear as day these people are robbing shareholders money.

It’s not really about that anymore as nobody is going to take shareholder action

So instead of wasting time telling us all what we already know, and can’t be justified

It’s as simple as this- if they drill and confirm - price goes up, no issues and a strike- the price multiples

It they drill and confirm- price goes up- issues- price goes down - no strike - it’s over

They don’t drill- price goes down and they are pretty much screwed unless they raise 3-5 m in June at under 0.10 for 4-8 bn shares!

All this noise is a waste of time, the small details no longer matter as it’s pointless

The BOD are awful, they are liars and they are crooks and out their depth

The costs are laughable

HOWEVER, there is no enterprise value, no pre spud run, no hot money, just aload of blown out punters that are waiting in hope and a placing that’s been flipped

Therefore, you have a situation with £8m mcap 8m cash and shares trading at current cash pre drill that any positive news sees this trading above 0.30

No point arguing the toss with each other on here anymore- want to shout at the crooks- shout at the BOD and email and ring them.

This is a trading vehicle- long term holding this will see your account lighted in cash

Trade now - you have 15-20 days to de-risk

Then 10-15 days to wait for results then trade them

Then prob 2 days for a placing on any success lol then trade that

If no success- just don’t trade it again

You have investors wanting to de-risk with profits and placing holders from 5 and 6 p all fighting to exit

this time you have most of a dirty 90% discount placing churned and long term punters completely blown out and having to either hold or open a new trade position

as this is also super oversold and the mcap is 8m not 50m like before, you are more likely to see speculative traders as a potential success isnt built in where arguable alot of free will was built into HE1 t 10p on the tai drill

thats why its different imo and you will get more punt money who dont believe the drill is happening come in should the drill be confirmed

its a lights out stock - will be 300% higher by feb or trading below 0.10 but the mcap doenst have much built into it given it has a rusty rig £1-2m value, £8m cash (going into ground) and some licences dotted around in remote places in the world with big numbers of a resource pretending to be in the dirt

1.5M shares

whihc indicates the sellers have dried up

no big trades either way as the market is starved of information from the company

if there is positive update from these morons- this should actually spike it as all the loose money has gone, remaining flippers waiting for profits etc etc traded c2 times shares in issue, so one would suggest the larger flippers have gone

looks like its built a base at this level

new year new HE1 or new year same HE1

They have January to prove which one they are

GL

Bid stronger

the flippers are definitely done at this level now

i suspect that the ones left want to actually make some money

therefore this theory can only be tested by buy volume

next week the company has to update the market to maintain their "early drill Jan thesis"

lets see if they throw all holders a lifeline

GL

Off the edge of the cliff

no large trades either way today really, so the small money is just slapping bids, i reckon the price needs to be tested with buy side volume to see if placing churned, on lower volume, looks like it has and now wait for some sort of update

GL