Member Info for D220

I have recycled my WEN holding into SQZ this morning. At some point SQZ will be bought if they don't up their game and become an acquiror.

Interesting that M&P have had their all cash offer for Wentworth accpeted today. Wonder if Serica ran the rule over them as we could easily have afforded them.

I really hope they don't plan to sidetrack unless Government reduces the WFT. Spend the money on an acquisition abroad.

CT, the lack of a discovery is a bigger issue IMO!

No, not credited yet. Seem to recall it took several days to reach the account last time....

Looks like the re-rate is continuing :-)

I wonder if uncertainty over the outcome of the election has delayed news?

https://www.telegraph.co.uk/business/2022/10/27/talks-government-ministers-consider-new-windfall-tax0/
Oh great, just what N Sea producers need!

Shell profits announcement supporting the SQZ sp?
"Shell’s run of huge profits has continued as the energy giant cashed in on surging gas prices, even as the price of oil eased.
The FTSE 100 group reported profits of $9.5bn (£8.2bn) in the third quarter, more than double the same period last year and the second-highest figures on record.
The performance was driven by a sustained spike in wholesale gas prices, which have driven up bills for households and customers.’
This offset some of the impact of lower oil prices amid fears of a recession.
Shell said it will return a further $4bn to investors through a share buyback, while it also raised its dividend.
Still, there are signs the energy crisis boom is starting to slow. Profits were down from the record $11.5bn posted in the second quarter."

I thought the chat on here was overly critical. It is worse on advfn. Some "investors" seem to need to blame someone other than themselves when they don't get rich quickly. The CEO is an easy target.

No shareholder relishes dilution. I took part in the 5.5p placing so I am not wild about funds being raised at 1.8p.
However, rather than moaning about the current situation not being what I would want and criticising the CEO, let's just recognise that an £8m MC company raising £3.5m of funding with minimal discount is not a bad result. It means no requirement to raise funds for well over 12 months and enables the drill programme to be rolled out in full. This won't be a 100 bagger for me now, but even a modest discovery would result in a 10 bagger IMO. I'll happily settle for that.

RIO ;-)

£3m raised and fully funded for 2023.....

15.45 trade showing on Google Finance at a 1.3m buy but only 250k on here....

Mh, I think you are correct. Hole pre-collared to 153m, NOT drilled to 153m as I first thought.

So hole is only at 153m and is now switching to diamond drill from 153-300m

A little bit of movement this afternoon. Leaky, leaky???

I couldn't resist putting more in here today. £8k earlier at 96.65 and another £10k at 96.99 just now. On a 2 year timescale, I am very happy to load up.

It certainly looks like they don't intend to drill until a deal is in place. Whilst I am not keen on more dilution, I would rather keep 100% until there is at least some form of discovery.

Yes, Ineos are the obvious candidate. So long as he doesn't spend all his money on Man Utd!
https://www.telegraph.co.uk/business/2022/08/21/sir-jim-ratcliffes-bet-oil-gas-pays-profits-soar-474m/