Member Info for Confounded

Thanks for the updates guys. If we can have strong news flow over the next few weeks it is perfect timing as volume returns after the holidays.

Nice email Luke. Let’s hope things start coming together for the seasonally stronger period ahead. I am not concerned about lack of news recently given the state of AIM, so long as when liquidity comes back there is some good news to drive interest and capture some of it. I am still of the view that if Align are happy I am happy. Good luck all.

Tiny tiny volume, but if there is no buying coming in you can get a drift like this. Let’s hope some buying comes in soon.

Our new investor paid 0.35p, let’s hope he plans to make a profit on them, or buys everything he can at this level, less than 1m per day buys from him and he would soon be back in profit.

Latest presentation just put out.

https://wp-poolbeg-pharma-2021.s3.eu-west-2.amazonaws.com/media/2023/08/Poolbeg-Pharma-Investor-Presentation-August-2023.pdf

Thanks guys, will check out discord. Is there a telegram group for TXP?

Thanks Corps, does that include the current production. So approx 10k bopd from now on?

With things coming on line how much will TXP be producing?

Thanks SP71, great to hear. I suspect things will become a lot clearer when the market warms up after the holidays in late August early September.

I agree with you guys that we are long overdue a solid update.

The main resurgences I have atm is our new cornerstone investor is very well aligned with us and that Align themselves tweeted in response to some negative twitter posts on CRCL that he is well aligned with our interests. Align still have a very large chunk of CRCL so must be happy with the recent developments as they are not unloading.

It is as laid out here, Riversgold will earn in on 50% after this first phase, then all the costs are shared going forward.

Https://www.lse.co.uk/rns/CRCL/partial-sale-of-mt-weld-vza756xjxzpq2vm.html

“ If the first earn in period is completed, which is expected to be the case, the resulting shareholdings would be RGL 50%, CRCL 30% and Extraction Srl 20%, at which time all parties would be responsible to pay their proportional share of future costs at the project. “

Https://www.lse.co.uk/rns/CRCL/partial-sale-of-mt-weld-vza756xjxzpq2vm.html

“ If the first earn in period is completed, which is expected to be the case, the resulting shareholdings would be RGL 50%, CRCL 30% and Extraction Srl 20%, at which time all parties would be responsible to pay their proportional share of future costs at the project. “

Mount Weld 1000 samples awaiting analysis.

https://hotcopper.com.au/data/announcements/ASX/6A1161049_RGL.pdf

Siennaj, it was just speculation on my part that with the loss of the old management team of CRCL would become some sort of vehicle for our new cornerstone investor, as shareholders we should always be part of it. As Edgein pointed, what I was speculating about would be hard without conflict of invests.

So back to waiting and seeing what comes next. I have noticed there is a very solid support to the price at 0.25p and that not much buying pushes up the ask, hopefully we turn the corner soon.

Thanks Edgein, ah ok, yes that would be a conflict, just trying make sense of things from yesterday. Ultimately anyone who has followed CRCL for a few years will not see the departure of Parsons and Kantz as much of a loss. Let’s hope Mr Karam moves things forward from here in the right direction.

Just been trying to get my heard round yesterdays announcement. All was a little odd and threw me a bit.

Just throwing this out for debate but could we be a sort of shell or vehicle for Mr Karam?

“Upon the completion of the third tranche of the Placing Shares the investor group would have in aggregate approximately 27.2% of the issued share capital assuming no other shares are issued.”

Things got a little bit diluted from above but he now has a substantial holding of CRCL. Couple that with the share price dropped to 0.25p and someone has been taking all they can get at 0.25p, I have been able to sell my whole holding regularly for a while.

Just wondering if we could become a vehicle to allow Extraction SRL to become a listed entity?

20% of Mt Weld was sold to Extraction SRL and Mr Karam has 45% ownership of this private company.

Just trying to work out what is going on and could be way off the mark but yesterday was an interesting turn of events.

New RNS for Align’s holdings, they still hold 78m shares which is why their holding percentage dropped on the dilution. I calculated they did hold 80m so good to see they are holding firm.

Let’s hope today is a turning point.

Mcfcnige, the fact we are sitting at 40% discount to just the 0.35p fund raise shows the market needs a great performance from JP where the valuation gap is too hard to ignore as the market has up until now.

I suspect there will be a poor turnout given the interest shown here and lack of volume in the lead up to it. But that does not mean I am not hopeful he can demonstrate a strong case for investing, given the time he has had to prepare in his area of expertise and at a time where oil and gas prices look to be sitting on a solid footing.

Thanks SP71, some good questions. Let’s hope this week is the turning point we have all held on for.

I am surprised that there has not been more interest. Summer doldrums and general AIM apathy but I can’t see our cornerstone investor would not be happy with the new direction given he concluded the full funding today.

Let’s see what next week brings.

TLM, I agree, my earlier purchases were with 1/10th of the shares available. However these are just numbers and the CRCL management team are taking things in a new direction. As Edgein states many multiples still possible from this level depending on how they deliver things.

As below I take confidence from how they have financed this at a much higher level and that all was concluded today. Let’s hope next week adds a lot more colour to things.

Edgein are you able to make next week?