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Tiny volume from an RNS that released (again) at a time it could be missed. Really feel like we are deliberately in stealth mode atm. Frustrating for long term holders but it looks to me, as Edgein wrote, that the management have a solid plan now to reposition into oil, an area they have excelled in before.

Todays disposal was pretty neutral to good in my eyes.

Just to point out again that multiple deals in this rebuild have been done at 0.4p (30% above here) with our new cornerstone investor taking a substantial number of share at 0.35p. On top of that we have Align a few weeks buying more in the open market at a higher level than today.

Interesting that we have agreed to sell Wowo to IBM but are disputant Mambare, good sign it is worth fighting over and that the relationship has not soured so much to prevent doing this deal. Would be nice for Scott to do an interview to discuss in more detail.

Agree Edgein, not a bad sale price given what it was acquired for. The key thing is shoring up the cash position. Let’s hope Mambare is a solid cash payment given it is the more advance project and the only working nickel mine in PNG gives a reasonable benchmark. That will then give some decent firepower for the oil pivot.

It would not surprise me if we sell Mt Weld pretty quickly if there is any monetary value to the deposit.

FX, it is pretty imminent in terms of the statement I posted, but totally take your point, AIM is a place when you can spend a lifetime waiting for imminent news 🤣.

FX, I still believe it could come any time now, in the episode you mention (Mt Weld 4:25 in) he says we should know “where we are sat with that by the end of second QRT this year”. We are approaching the end of the second QRT now.

I spotted that also, hopefully a good sign.

With half term out the way it does feel a good week to start ramping up the news. 1,000,000 trade at the close today so feels like things about to turn. We are well in the zone for Mt Weld news 🤞.

Nige, it is also interesting how quiet they have been on CRCL recently. They are large holders let down in the same way some of us were. Reassuring they have increased and stayed the course. Let’s hope we all get rewarded soon.

Another positive holdings RN, feels like this half term week was used to get all the ducks in order. 🤞🏻

Let’s hope they build on it next week with something that really moves the dial. Mt Weld could come any time now.

Good to see the RNS is not your typical Friday RNS.

Angolan project settled, so no delays there.

Also

“The Company further announces that the second tranche of the placing announced originally on 28 March 2023 has now settled, and accordingly it has issued 85,714,285 new ordinary shares to Extraction SRL, a company controlled by Mr. Antoine Karam.”

Excellent to see Extraction SRL complete their second tranche of funding at 0.35p nearly 10% higher than our close today.

I have a feeling next week will be a good week.

Thanks for trying nige. Let’s hope the companies investor presentation is soon.

Just published a Corcel research note.

https://www.whirelandplc.com/research-portal

I am not a member so have not read it.

Edgein, I agree. I was hoping to switch from my current portfolio into a more O&G weighted PF as the year progress, very happy that CRCL are making that move without me having to sell. Let’s hope this is the start of a more interesting news period.

Does it look like we only have to perform Workovers to get some oil flowing? I have seen this with other companies where old wells can be brought back online using modern techniques and get very respectable bang for bucks.

Can only buy 600k in one chunk now and they will still take 3m in one hit.

Dream, I was under the same impression, so maybe the drop off of RGL last week was an indication there was nothing visible.

However with the sale recently I still think it has been a success regardless of the outcome, providing the CRCL deliver in their other areas. Also that an anomaly will be something so we still may get a positive surprise. Seems a win win from 0.31p…

This was poster by an RGL holder, so maybe a few more weeks to get lab results.

https://hotcopper.com.au/threads/ann-mt-weld-ree-project-drilling-underway.7361905/page-14?post_id=67681564

They will allow me to sell 3m in one hit but will only let me buy 750k at full ask. V good sign imho.

MM will take 3m shares in one hit but will only allow 750k. When you think we are a good 10% below the recent fund raising level it make sense really, they are just taking advantage of a weaker wider market.

Things are hotting up, a huge 3 trade (whopping 0.9p) gone through.