Member Info for dai2belts

Mmmmmmm, GENI

to buy 10k 4.15p, or 100k 4.15p

Results,

https://www.europaoil.com/wp-content/uploads/2024/11/EOG-2024-Proxy-vote-summary-for-website-FINAL.pdf

Questions

https://www.europaoil.com/wp-content/uploads/2024/11/Europa-Blank-Form-of-Proxy-AGM-2024.pdf

Https://www.europaoil.com/wp-content/uploads/2024/11/Europa-Blank-Form-of-Proxy-AGM-2024.pdf

MC £8.5m, two farmouts, either should move the price 50% off the bell..

If they can't get favourable off-taker agreements due to spod prices maybe the guys like Peidmont will wait until prices pickup before committing cash, as the low prices will affect most involved as all need profitable production..

Not sure if Assure would look to buy out or wait

Placing Nov 4th £2m

This read singular "Placing to raise £2 million with Institutional Investor"

This suggests a stampede "The Placing was significantly oversubscribed "

But its great he gives a detailed breakdown of costs

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MOU-5

"Contingency for testing MOU-5 and potential helium sampling 550k" ??

What about the funds to drill which " is on course to be drilled in Q1 2025"

Independant CoS 12% Vs Company Cos 50%

An updated Independent Technical Report by Scorpion Geoscience Limited for the Jurassic MOU-5 structure gives net P50 upside Prospective Resources for gas of 5.916 TCF to the Company, with a conservative risking of 12% versus the Company's internal upside Chance of Success of 50%

When He1 suggested the need for contingency funds to ensure completing Itumbula, they actually meant they were close to bankruptcy :(

June 6th, The Company is fully financed for all its near-term operations. ???

30th June, Cash balance, at period end of £4,352,190

........................................................................

The Company is finishing the reporting period with cash reserves of £4,352,190 (2023: full year £6,484,034) and restricted cash of £1,186,155 (2023: full year £1,178,189) in the form of the security deposit for the Guercif Bank Guarantee in favour of ONHYM.

Previous placing to November 2024

31st Jul 2023 4:35 pm RNS Proposed Placing to raise a minimum of £7million

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Going to need to raise to drill MOU-6, when is it scheduled ?

https://www.lse.co.uk/rns/PRD/placing-with-institutional-investor-1ruz16wjn542spp.html

Saying that they are refusing terms, is the same has saying offers are poor..

This is concerning, since DELT was unable to meet its JV commitments and had to forfeit their interest..

"We continue to receive considerable demand for product from Ewoyaa from potential offtakers and, as such, remain confident in securing the funding that Atlantic Lithium requires to sufficiently cover its allocation of development expenditure for the Project."

Needs some input, hopefully Horult or PortfolioPower can shine some light..

Pumping for Christmas presents...

Struggling with this thread,,,, but could be behind the rise

https://www.lse.co.uk/ShareChat.html?ShareTicker=TOM&share=Tomco-Energy&thread=41A02CCD-2AF2-4AB6-AB57-EBD9667E450D

Flying

https://invst.ly/17mraw

I held it at about 0.35, lucky escape with a profit, I can't believe its still going

https://invst.ly/17mrdo

Today recovered yesterdays drop from the previous rally

https://invst.ly/17mr5v

@Horult, what's your view on this statement...

Sounds like funding from off-takers isn't as attractive with lower prices

""Knock-on effects have also been felt across our funding activities. Despite reaching the final stages of our competitive offtake partnering process, we remain steadfast on the preferred terms that we had defined going into the process and, despite lower current prices, we refuse to settle on terms that we believe compromise the best interests of the Company's shareholders. We continue to receive considerable demand for product from Ewoyaa from potential offtakers and, as such, remain confident in securing the funding that Atlantic Lithium requires to sufficiently cover its allocation of development expenditure for the Project."

Same price range, and same predicament..

Last year the drill was to be paid by insurance, invoices paid before claiming back, so we held back on funding.

Now this drill should be paid for by investor, but they announced Canaccord as joint broker

Gex, TW messed that one up

Thats what I was thinking, so need to be watching,

I will watch, get bored, get distracted and miss the news and be late to the game...

QED, yesterday it skimmed 3p, then there seemed weak selling, moderate buying, but the price was really going any where,,, this morning suddenly its near 3.5p, of a few big buys... So I checked those big buys, and they are block purchases from the likes of 212, they often pay above best price. So the more block trades the faster the rise or fall maybe, so something to watch for... Interestingly I m sure 212 would not allow BCE, and it did'nt perform..

@Kev, Need to watch both PRD and EOG for Irish licence news, if PRD gets good news first, then EOG has the smallest MC, £9m, so should rise at least 50%...

PANR,

I bought 17.5p

I had a target double the placing price of 17p,

They later issued shares to service debt, and the price fell to around 15p and it just about doubled that reaching 29.55p..

Then during drilling serviced a bond with more shares at 22.667p

So some will have done extremely well...

Picking up sub placing price make all the difference, and catching the peak..

Evening trading to reduce initial purchase by a little more than 10% would have given the same advantage..

· Drilling operations are expected to commence before the end of 2024, or in early 2025, depending on rig availability and weather conditions.

Same price range as this week last year, what's the chances of that,,

Mmmmmm, Zeph announced Canaccord in the same update as the Well Investor progress..

If they announce a fund raise close to, or during drilling that will likely clip the price, and those who got previously got caught buying the top will probably a little more cautious..

so maybe 4.5-5p will be tops this time....

Unlike last year not sure it will see 2p with investor news due, shame as potential 150% profit to 5p

https://invst.ly/17m7on

I sold with the intention of buying back, luckily before this...

19th Nov 2024 10:08 am RNS Quarterly Repayment of Bonds and Private Placement

From reading through the BB there are no facilities to get the gas from the well into production, and the well produces a lot more gas than liquids . If thats the situation, I guess thats why Canaccord joined. So with that I bet the well investor would be keen to see everything is in place to get that gas into production.. financing, planning or whatever....but maybe some of that could be covered with loans against expected production.

looking at the finances they will have at least H2 profits, and maybe $6.5m if not spent to get things moving...

Earlier in the year they paid of $3,88m debt issuing shares, and took a $5.6 loan, using at least part to retire a credit facility ... So I don't think cash is plentiful

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Mmmmmmmm, September 17th

Zephyr "notes recent market speculation that the Company is in the process of, or planning for, an equity fundraise. The Company confirms that it has not been undertaking nor is it intending to undertake an equity fundraise,..........."

At that time they were not intending on raising as they were in a review process which resulted in the need for another broker..

November Canaccord appear

................

"After completing a DETAILED REVIEW of Zephyr's existing advisers and brokers, the Company is pleased to announce the appointment of Canaccord Genuity Limited ("Canaccord") as the Company's Joint Broker with immediate effect. Canaccord will act in conjunction with Turner Pope Investments,....."

I guess the review was behind the market speculation....

"Canaccord Genuity is a global, full-service investment bank focused on growth companies with operations worldwide."

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Last obvious placing

6 June 2023

£3.15 million raised in a Placing and Subscription

, price 3.5p, day before price closed at 3.7p, no mention of any discount..

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MMMmmm, tuff one...

If no discount then no worries, if 10% discount no worries, ...

Need to check if Canaccord are fond of big discounts