Member Info for Craggs

A meeting in your own office or an all expenses paid trip to China? Hmmmm...

Will that $3.76m be enough for them to ditch APEC and go it alone?

And a £1m loan payable by the end of December. I'm sure they'd be able to extend that if necessary.

Stick to what works for you.
Let's hope for some more positive movement this afternoon.

Aren't the funds more for PVR's benefit? What percentage does LOGP receive? (sorry if that's already been discussed on this BB). I too want this SP to go sky high, but I'm just trying to remain realistic and not get giddy with exaggerated estimations.

It's just daily movement from a handful of trades.

ShareCast and Alliance News are reporting contradictory information regarding the company's loss. I guess it pays to read the RNS for yourself.

What happens now that the survey is completed? Do they analyse the data and assess suitable locations for test drilling?

I believe LOGP are in a better financial position and wouldn't need to follow suit any time soon?

Will be interesting to see how the market reacts to this latest piece of news, if it bothers to react at all. It's at least a 12 month wait for the outcome. I understand other things are going on in the meantime though.

Might as well shelve this investment and come back in 3 weeks.

I'll happily sell you some at 8p ;)

"the RF technology was effective"

Effective: successful in producing a desired or intended result.

Yes, the funds would keep the company operating for over 3 years. You'd expect progress in that time.

All was fine until the placing. I don't understand why they had to place the new shares at such large discount. Only positive news will recover the SP and that's what we're all waiting for.

You'd hope they've been planning for all eventualities. It would be very unprofessional of them to get to this stage and not be actively seaking alternative funding as back up.

"As at close of business on September 2, 2019, no funds had been received in the Company’s account. Accordingly, in granting APEC a further week’s extension to September 9, 2019, the Company has also issued written notice to APEC that, should the APEC Loan Amount not be received by the close of business on that date, the Company reserves the right to end exclusivity, while also considering all legal remedies available to it against APEC for contract non-performance, including the re-assignment of equity in SEL 1/11. "

It would be nice to get the SP back to where it was before the placing crushed it. But when should be be popping the champagne? Isn't the initial extraction only between 5 and 10 barrels and then it's off for analysis, taking up to 'several months'?

Issued this morning on voting rights.

Looks like this SP is just going to hover around 12-13p until some significant news update arrives.