Member Info for dai2belts

If there is a 6 months lockin, there wont be flipping into spud either

I think the average price works out about 0.4p, so if it does goes to placing price..

£5.8m + £7.17m MC =£12.97m

2,320,000,000 +956,460,000=3,276,460,000

0.3959p..

So if it falls to 0.25p... its cheap..

They seen us coming...

This 6 months lock in being mentioned when the company states is has currently only 3 months makes no sense...

Mmmmmm, does make you wonder, if you bought the lows and sold all the highs, and got out each time you would have made a killing.. until this time where many thought they were buying the low and averaging down hard...

But dont know..

Lorna so much reluctance to say anything, distancing could be the word to describe...

They stated they were fully funded very recently, then withheld the situation they were in when mentioning funding ?

Dont forget stalker give them the thumbs up, and said he remained as significant investor.... suckers PI

Me I think they fooooked up again...

Stalker $5m to drill 3 holes, so wrong

DM inherited Stalkers mineral rig, blew the budget on Tai,

Lorna goes DIY with an old rig, blows the budget on Tai, got TD wrong, killed the drill, and after he1 shouting its the one its a duster to boot.

They announce fully funded, struggle to get finance and so the NOMAD says come clean, market tanks..

How far out will their Itumbula prognosis be this time..

Noble taking it all in their stride

Taking $3.2m off the price, the placing funds, and most of the $3.2 are going into the drill, any delays its all gone...

Nope, still struggling,,,

"$3.2m dollars needs to be taken off the placing price. "

"There is also a chance that if they don’t pay this" pay $3.2m ?

The funder has likely been selling loaned shares all the way down to a penny, buying them back at 0.25p ... minimum x3 profit on the final transactions....

It should be law that all holders of a share are advised when the stock is loaned out by their nominee account provider..

You will have to explain his comment....

I think that $3.2m is the cash balance before placing, and including it to finance the drilling leaves the company 3 months to live.. So they failed to raise enough to fully cover the drilling..

So fleeced at 0.25p, and left short so having to dip into the reserves..

So I am missing something there ?

So 2 billion shares to be flipped into drilling, only upside is most will be holding what they have for sh ite or bust.....

Needs a rebellion to get those subscribers locked in or selling at a loss

If its not on Primary Bid then its all to the city boys..

Even those who bought at a penny will see a 65% hit in the morning , He1 has been like mating with a black widow for many

Rig was a good shout, saved millions,,, ;)

Hindsights wonderful...

Next time the NOMAD says you had better let them know you need to fundraise, jump..

They made it sound as if it was what should be done, not that they were struggling...

And He1 did'nt say they were confident of getting a BAD deal

Cost to drill as rig owner

· Drilling of Itumbula West-A ($6.1m).. no break down...

Cost to hire Exalo..$8.17m

· Drilling rig: £2.07m

· Drilling services: £0.75m

· Civils: £0.36m

· Formation evaluation: £2.05m

· Drilling ancillaries: £0.35m

· Tax: £0.88m

Yep, mislead they do....

Casing the hole, what was the cost compared to announcing a duster...nothing to dangle,,

but makes no difference they got into a right predicament ....

You dont have to look that far back, since announcing the rig 10p to 0.25p, including another 65% drop tomorrow

So I guess the hidden seller finished today since the announcement is out....if there was one..

Tai is a duster so far, x6 atmospheric is just the deep background levels...

0.8% from a water sample, but what rate does that water need to flow to make it commercial, probably at a rate that would have filled that bore hole..

So looks like He1 announcing they were fulling funded 15h Nov probably led the funding announcement of the 5th, and the markets lynching He1

Seems like there is a way around everything on AIM, AGM agree 315m shares, and they issue 2.3B...

I thought there was a limit at 2/3s dilution, not unlimited...

I think their backs were against the wall,..

looks like they need money to get that rig repaired, and did'nt want to use up their wages..

The Company currently has a cash balance of $3.2m, while Tai-3s outstanding costs were $2.7m

(outstanding costs from Tai-3 as a result of rig repairs, drilling a deeper well than originally planned as well as new civils work for a revised well location on Itumbula)

Previously they said they would be fitting the IR once it arrived, now its part of the rig up .. so not happened yet..maybe nobody paid to do it..

Created a picture of all moving forward but was stop..

Interesting, sure she said they were fitting the new Iron Rough neck, sounds like its yet to happen....

The iron rough neck, which arrived on location on 14th December, will be installed as part of the rig-up process.

@Twohearts, Makes you wonder about the guy who was made away of the primary bid offer before it was released to public... Is it there now ?