Member Info for CrustyPete

CP and John2015, I suggest that they cannot raise right now nor until they have full knowledge and understanding of what exactly the raise will fund and therefore how much they need; EWT for Itumbula is 99% but after that will it be to deepen Tai3, Drill a new appraisal well or otherwise modify Itumbula or all three of these options? If you are looking to raise capital for this work programme I suspect that you would have to be fairly specific plus, of course, the costs would vary considerably based on the programme of work decided upon. After Tai 3 they would absolutely want to avoid having to go back to the market to raise more money to complete the programme of work.

Traders and pumpers??!! On the AEX board, you are having a bloody laugh man - you are the first new poster on this board for about 10 years! What a joke.

1.35 - 1.45p official spread but in reality a lot inside that 1.375 - 1.425p seems to be about the current mark.

Unfortunately I have to leave and do some WORK this afternoon and probably won't be back until after the close. Fingers crossed that, at worst, we hold these gains and wish you all, a wonderful weekend.

Bye for now

The "real world" spread seems to be about 1.35 - 1.37. Fingers crossed that it stays there!

MM's seem happy to take largish SELLS above the bid - bodes well. Let's hope it keeps going....

1.30 - 1.40p now.

Paying above the ask for volume.

To be fair Aittch, many sold out at a price far higher than they would be buying a this point. They could easily have banked 20% and that would buy them a lot more shares now than they sold yesterday.

1.30 - 1.35p :0)

Rubbing my hands with glee!! !.25 - 1.35p and trades at full ask of 1.35p

Well done Wimbledon on your purchase yesterday - I thought it was a very good entry price and so it appears to be - good for you and putting your money where your mouth is. :0)

Yes indeed, lot's of blue but 99% are tiny little algo trades...

Full ask being paid and 1.264 paid for 1,000,000 + 1,500,000 shares

Actually the spread is now 1.25 - 1.30 with buys at 1.289

Oh okay so there was no such statement then? Making claims that you can't back up = dumb as f**k....

Samsticket you say "Does it not clearly state in recent news that they have sufficient cash flow to do ewt on q3" really? If that is the case maybe you can point to where I can find that statement? I haven't seen it, neither in any RNS nor in any interview.

Well if that RNS was meant to be a "fluffer" for a forthcoming raise PJ it crashed and burned dismally - the market still looking very flacid.

PC have you actually told her husband yet?

So SWLC if they still had the lion's share of the £8.7m as of 7th Feb why did they need another £4.7m ? Well if you actually read the RNS for that £4.7m raise properly it spells it out for you:

"The company led placing provides the Company with sufficient working capital to progress its planning for the next stage of the work programme in Tanzania......"

"This placing enables the Company to determine the next stage of its work programme following the success of the Tai-3 and Itumbula West-1 exploration wells."

So it was to provide the company with the ability to "PLAN" and "DETERMINE" the next stage of the work programme. Note the words "plan" and "determine" SWLC. Things that they are doing currently that amongst other things necessitates expanding the team, ordering long lead items, basin modelling, sub-surface activities and many other things.

It does not say that it provides the company with the capital to initiate or complete that work programme. If it did, do you not think they would have said so?!

I wish you well with your Euro lines Tanzania. Fingers crossed!! ;0)

And just to stop Rojo saying it - you are more likely to make a fortune on the Euro-lottery than with AEX...

No, only joking Tanz :0)

The perception of "discount" on fair value is a fairly subjective one unless through share issue and share price which is fairly transparent. I am aware of one "farm-in" that valued 50% of a company's principle asset at $35m when the anticipated revenue from that 50% is anticipated to be over $20m a year..... now who says that is good or fair value. It is a lot easier to give shareholder value away through "farm-in's" or "JV's" in my opinion as it is far more difficult to assess the immediate "cost" to shareholders.

But no matter I have to get to lunch!