Member Info for Cocobeans

Who made 10% and gave the market makers stock prob dumped their few 100k this morning, causing a bit of a overhang

Then you have the placee trading on leverage that doesn’t want to settle on 28th plus you will have those spreadbet longs that just got wiped out

Creating an entry immediately below 0.25

What has happened here should have been stopped by the AIM team, they should approve 2 cash boxes and should have made the company seek SH approval for the enlarged amount!

The management team have bent all LTH over this year and this is was always going to happen when they used the cash box loophole the first time around

Now Lorna should resign but in all fairness , the damage is already done to holders

There is likely a trade here into Itumbula, if you believe they will actually drill! If they do drill, this will

Spike as the mcap to the BS numbers is small!

If they fail to drill, then it’s lights out.

So your looking at a zero or a multiple bagger

Doesn’t get any more AIM than this stock

Who rolling the dice! Trade wisely , you may even catch a bit of NHE ramping

For those that don’t have funds to loose, well don’t over expose

For those that like a massive punt- this is probably the one for that sort of thing

For Jolly- next time listen and stop acting like the company is here to make you money

For everyone else that slammed people for trying to shed a bit of light- mark it down as a lesson and maybe follow a balanced view next time

WOW- it’s a madness here.

Sorry the signs were there and I tried and tried to warn

Ramper will be all over this now as the dog will just trade and trade but will never recover over 1p

Lights out for long term holders

Welcome to AIM

Was the best prospect at 10% COS

Itumbula we have been told absolutely nothing about but factor in all the disasters, the COS is about 5%, who on earth would take them risks, with a company that is lead by liars and cheats

they have spent all shareholders money, know they cannot drill in Jan and sent everyone home from site

Lorna was sunning herself in the US when the rig was broken!

the chairman is non existent and the other board members have zero skin in the game

NO PR on either drill, pre scripted interviews with the same company, no explanation of anything

Tell me everything is rosy and ill show you a walking snowman in kenya

I genuinely believe this has been crushed by management on purposes

something absolutely stinks here, to not have announced funding two weeks after saying they had been approached, to kill your own price, to set up side companies, to not take samples of a drill, to take out so much money from the company

this is conspiring to them taking the licences or selling them cheap to their mates in return for a new job

now the price is what it is, its going to be almost impossible to raise equity at any sensible level

CLN or admin for HE1

CORRUPT OLD AIM STRIKES AGAIN

Told you to sack the BOD!

Market isn’t rewarding when you end up blind

My ramping was justified until they screwed us all. I then changed my stance and was very upfront on it.

It was all on Tai and they didn’t get it. So now it’s about capital preservation for you guys

You need to wake up here mate

To be financing announced this week as what’s been said by company

A) stupid timing

B) I expect ALOT of flippers ramping this but that will mean a lot of flipping

1p best case for placing now. CLN worst case

Flippers will make money, LTH won’t

By time the company announces that they won’t drill until May, the flippers will be out. Waiting for another placing to fund wages etc

Only way was to sack cope and the board, shareholders clearly didn’t so get what you get I’m afraid

As this is a retail stock with no institutional interest, shareholder action won’t happen

This is AAOG all over again

If you get a spike, sell and move on

Lorna is a joke and the others just don’t care!

Use the rampers to your own advantage from this week imo

You do realise HE1 sent all the crew home. the issue with owning a rig is it doenst come with staff and you need to get all these people , if they havent taken jobs elsewhere, back onsite in a remote place in Tanz

Add weather into the mix and the fact that they are known LIARS, i think you have more chance of christmas being tomorrow

IN JANUARY- THEY WANT MORE CASH THAN £3M AS THAT IS THEIR G&A UNTIL MAY WHEN THEY COULD LOOK TO DRILL SO THEY NEED ANOTHER £5M ON TOP TO ACTUALLY THEN DRILL ITUMBULA

THIS IS A JOKE- IF YOUR TAKING THE PLACING YOU WILL GET SLAMMED IN JAN WHEN THE ANNOUNCEMENT OF NO DRILL DUE TO WEATHER/RIG BREAK/ SANTA LANDED ON THE DRILL PAD AND CRACKED IT/ DRILL PAD FLEW AWAY AS ITS AS BIG AS A BOOK!

They will need a GM £3M isnt going to cut it- they cant do two separate placings back to back

then you have 21 days! the first £3m will be immediately flipped

the next 7 million cant be flipped for 21-28 days and that will take this to their made up spud

there is no way on earth this should have happened after the last placing where they screwed us all with a CASHBOX- the worst way to ever get finance as a last resort is to defy the shareholders requests for their right to approve anything

THEY DO NOT GIVE A FLYING F ABOUT WHETHER YOU LOT MAKE MONEY OR LOOSE ALL THEIR MONEY

THE OPTIONS THEY GRANTED TOLD YOU THAT AND THE FACT ALL THE INSIDER MATES KEEP MAKING A FORTUNE OUT OF THEIR "BAD LUCK"

DISGRACE

Why are you always giving responses when their is a placing due- assume your a flipper waiting to tell everyone this is the time to buy again and shout people who was invested prior to getting my eyes opened that we are all wrong!

this is a shambles- I WARNED EVERYONE IN AUGUST when the cash box happened what was going to happen

now they will just look for more money as the price is so low- so expect another GM asking for 1billion shares to be issued imo thats only £10m at 1p! thats how bad this is!

RNS - trying to save a bit of face. Why didn’t they release this when it actually arrived

This company gets worse and worse on every rns

Such a joke! Still no information on the logistics of the drill, how much cash they have or need or anything

This will be closer to 1p today - it’s getting pretty serious now in terms of having the actual ability to raise

Is what it is now- they will likely need to call a GM and now increase the amount of shares they will issue just to keep afloat - this could now be 50-100% dilution

LORNA- WALK!!

People need to stop blaming idiots on a BB and blame the company themselves

they havent put out any good news other than getting a rig all year- its been a total and utter disaster from not being able to negotiate with the rig people, to collaboration agreements with noble to jumping from one place to the other

ultimately they have the wrong people doing the jobs, stop blaming the BB and blame the BOD

If they had delivered on decent PR, transparancy and honesty, they can be afforded some slack, but they have been terrible and the shareprice is the consquence of that

most on here have less than £50k positions, which as much as its alot of money, its nothing in terms of hurting a price

the company havent created a following or interest, no pr outside of scripted proactive, no broker notes, nothing- its just bad management

those that are sitting in hope, hope wont bring back your losses, hope isnt a strategy and if your gambling on a random drill that we have had next to know information on, then you are literally just gambling

sorry but bored of reading posts about this BB (which is a mess) but nothing on how awful the ENTIRE management team are

Lorna should resign as should the new chairman alongside Sarah Cope and get a whole new team in! thats the only hope for HE1

Biggest issue here is that £4m doesnt given them anything

they are burning $500k a month, they are already on fumes and we have been told that Itumbula is a $6-8m well, so just by doing simple math, this doesnt give them any burn after a drill and they will need to raise more and more

they are under financed due to the poor shareprice performance due to Lorna and the whole BOD

still no PR on Itumbula- Lorna is so out of her depth its laughable, chairman is non existent

it wouldnt surprise me if this new company was there to lap up licences and they are funnelling money their as "consultants"

this is a dirty game, with no rules!

Itumbula has had limited actual work done to it to understand the geology, its a reckless bet to try and save the company as TAI is a dud! (no samples sent off)

careful here, as the flippers from a placing will be red hot shortly but any long term investor are going to continue to feel disappointed unless their complete bingo bet on Itumbula comes in

WET season January, they will burn this cash with no drill happening in June, then its lights out as this company cannot raise £10-20m to be fully capitalised to actually put together a proper drilling campaign

if the rigs fails again- then what?

not sure people are grasping the financing issues this company now has!

Lorna said in her last scripted interview that the PAD was already complete

This looks tiny compared to the TAI drill, the photos are very well edited too!!

this is a pre placing attempt at a pump to try and get interest

they wasted $14m in 6 months

shambles!

AGM Thursday will approve the shares- will it be a placing at 1p or CLN

Take your chances but this is lights out if they a) use a CLN b) fail at Itumbula or dont drill now, as they will need to raise even more money

buy the results- will save you alot of heart ache

Given them authority to issue shares- I almost guarantee a CLN is on its way.

The best outcome for you all is to have a placing subject to shareholder approval, which means you need an RNS early this week

Oh- you must ALL vote to sack Sarah Cope

Whatever happens next, if it’s the CLN then it’s curtains for this company, you must avoid that at all costs!

Slippery feckers- their BS is what Lorna feeds off

HE1 will raise within next week imo

Don’t chase this as the market will be inside hence the wild movements

Tai cost over $10m and they didn’t get any third party verified data

Lorna is a compulsive liar as she is out of her depth and has no idea!

Where is the new chairman?

Complete shames

1p placing at this rate $3m

This won’t do anything so they will go CLN and we all know how that ends

They have screwed this up and it’s going to get worse before it gets better.

They never promote anything positive

One of the worst run companies on aim

Their advisors have no idea either

Placing won’t be enough to drill anyway, who will buy any now knowing your likely to be diluted by 30-40% within weeks

To try and attract naive punters. Probably raise at 1.5p and get flippers to 1.8p but this is for Wages only!

They will drag this out for as long as they can get away with it. But don’t be fooled here all. This is about as spooky as it comes and Lorna is light on a lot of key info.