The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Long old Video to watch but check it out. Was very good and Mick said the Director appointment will be very soon ( and low and behold it happened today )
He also mentioned the financing ( possible by JV and offtake ) will be soon ( he mentioned maybe by end of Sept ) all done and then a year to construct. Liked the bit that he said if it was pure offtake agreement he has half a dozen people that he could go with but that does mean he will not be able to the JV which is the finance we need with off take on top and sounds like there is a couple of people in the running.
Lets hope we can have this agreed by end of September and get back to 4p plus.
Yes Harry
That's what shares do ... they go up and go down.
You commented earlier how much its dropping and then it shot from in the 16's to touching the 28's.
Why don't you just strap on a pair and get involved and ride the wave. ( would have been a great ride from the 16's to 28's )
We were at 4.5p with no assists developed to this star
We’ve added and added value and we are rock bottom ...
Come on boss man
Strike a finance deal and let’s move forward with some Molyhill
Sell the Nevada asset to the Yanks
Let’s get to 6p so I can finish my mortgage
Normally when they make lots of noise everywhere its not necessarily a good thing so the silence could hopefully be more positive - do we know if they can hold onto / sit on the drill results if in discussion about a JV or something? or do they have to release the results as soon as its ready?
He hasn't done a tweet or anything for just over a month now if I have it correct.
Now I hope that's a good thing and they are letting the result do the talking or perhaps they are in talks with a major for JV or something.
I must admit when AIM CEO's start tweeting and being active on social media before results it isn't always good news that follows.
Another £4.24m in the company coffers as it seems like the original warrant holders have taken up the 2p warrants.
From July RNS below.
Each Placing Share issued has an accompanying unlisted and non-transferrable warrant to subscribe for an additional Greatland new ordinary share at a price of 2.0p at any time within the 12 months following admission to trading of the Placing Shares (representing the issue of a total of 212,000,000 warrants).  Each warrant will include an accelerated exercise condition ("Accelerator") such that in the event the that the Company's volume weighted average share price exceeds 3.0p for a period of five consecutive trading days the Company shall have the right, but not the obligation, to give holders of the warrants 7 calendar days' notice that the warrants must be exercised within a further 14 calendar days, following which they will otherwise expire. Should all of these warrants be exercised, a further £4,240,000 will be raised for the Company at a price of 2.0p.
I know this has been mentioned a few times but still see some people question the need for it.
Firstly - I am not saying I am happy with a fund raise at around 10-12p as we entered 17p end of last week. But before Christmas we were at 8.5is and only around 12p ( plus ) on the 2nd January so like a week ago.
Its clear from the RNS's below which is available for all to see that the facility we were going to use ( Sandabel ) took the P I SS and we only used like £1m of a £5m facility.
It was stated from then that funds will be needed at some stage to complete the drill.
Also its been stated that they have been in chats with SMP ( as per RNS below 24th OCT ) that we could keep the rig on site and save huge mobilisation/demobilisation costs.
17 Dec RNS states need to replace the lost Sandabel funds in part to meet completing 103 well.
Now -
A: they raise a small amount and finish drilling and then once successful with 103 raise more at a higher level to drill 104.
B: Raise more now and get it all set up - seeing that 103 sounds like its exceeded expectations and do this before the Djengo result?
c : Raise enough to finish 103 ..... also get water injectors set in 101/102 ( possible resulting into 400pobd ) and also everything needed to get 103 ( mengo or Djengo into production ASAP ) and perhaps a little to get 104 started.
The point about a placing shouldn't surprise investors if they have researched the company as this is positive to complete the drill.
How much is the question and that's the bit we cant answer now but once again if its to complete 103 ( djengo ) and get the big prize I would say go for it.
Anglo African Oil & Gas PLC
24 October 2018
The Company has also completed an assessment of the current rig market and, as a result, has had discussions with the current drilling contractor, Société de Maintenance Pétrolière ("SMP"), in order to secure an option to keep the current rig, SMP-102, on site at Tilapia in order to drill a potential further well, TLP-104, which would be the second well in the anticipated six-well development plan. This plan will be reviewed following the completion of TLP-103C and informed by the results of that well. SMP has agreed in principle for SMP-102 to remain on site, which would result in significant mobilisation/demobilisation cost savings for the Company
29 November 2018
The Company does not intend to drawdown further on the Sandabel financing facility and is exploring alternative financing options.
17 December 2018
As shareholders are aware, we have not drawn down any further on the Sandabel facility. We want to replace this source of capital in the near future in part to meet costs of completing the TLP-103C well, and continue to examine various potential sources of funds.
When did you buy back in JackyH50
12 Dec you were out at a loss.
Why would you be back in a share you've not had a good thing to say about?
AAOG Sold out12 Dec '18
I sold out here at a loss here not too happy but something doesn’t feel right about this and the time etc wish all those holding good luck hope things work out here
I personally think if we did intersect today / tomorrow for R1/R2 and weather clears Tuesday which I’ve been told is likely we will maybe hit Friday next week / Saturday if all goes well. Could be a Monday this week and then Monday next week RNS
Now we all know there are just a few days left before news ( hopefully positive )
I would love us to intersect R1/R2 and get news Monday so we have a lovely rise into Tuesday next week which is also my Birthday ( and 4 days after R1/R2 means we could hopefully go into the Mengo on my Birthday ) and Wednesday I fly to South Africa for a holiday ( if we have successfully something other than DUST ) then I hope that when I arrive in SA on Thursday morning we will have a lovely rise into the much anticipated Djengo.
I did a buy earlier just over 11 000 as a small top up and it showed as a sell.
That was at 7.35p
A very good little "Bonus"
I hope this can push over and hold over 2p today. We should be much higher based on news since lets face it we were at 4.25p back in Feb and there has been a lot that's happened since then.
Happy to sit and wait as this is my second biggest holding ( GGP ) being my biggest but confident we will see 4.25 again and hopefully beyond that.
The fact that its over the media in AUS as well means this is the real deal.
https://thewest.com.au/business/mining/stunning-drill-hits-by-greatland-gold-add-to-paterson-province-buzz-ng-b881027096z