Member Info for Dan1605

Mike alluded to further news following the KH results. We know that in the interview from the 26/3 they were already bulk sampling, that's 3 weeks ago but I got the impression that it was well underway.

Hi Ed,

Thanks for your reply, that certainly adds more food for thought. Essentially they've gone from being unable to reactivate the fractured carbonate to flowing water but as you suggest this could have been expected, initially. The fact that extraction and a Director have invested at a premium suggests this is far from over, they could have got placing away at 0.35 and it would still be seen to be considerably better than the big discounts we're seeing in the Junior markets. I did suspect that they might go back to To-14 to give them time to assess, they wouldn't go back if they unless the additional the potential justified the additional costs. lets not forget that all parties have to agree.

Good Morning Edgin,

Thanks for your valued opinion.

Yet again, it looks like we're left to decipher the RNS. Could you please explain why there is substantial water during the flow test but no water detected during the drill? Is this to do with the Nitrogen clean up? I'm assuming the low oil saturates are because its essentially being diluted. The fact they are returning suggest they believe the get something but again there is not mention of the zones tested. What happened to the top 8mtrs?

£94? :)

It needs to hold 0.29, again. Keep both feet inside 0.30 and there is a chance of 0.45 by the end of May, can't see the 0.60 Zak Mir is shouting about unless big news drops.

I know an investor who has been in contact with Burt and lets just say he didn't come across has having just lost the love of his life.

Nobody cares what you think ART. end.

The fact that Extraction are converting at 0.80 speaks volumes. If the critics' on this board want to be taken seriously then name another 3 companies on AIM that are doing the same. It's not that difficult, is it?

It looks like Burt wants a lock in, a after hours RNS and a suspension request.

The fact that Extraction are converting at 0.80 speaks volumes. If the critics' on this board wants to be taken seriously then name and other 3 companies on AIM that are doing the same. It's not that difficult, is it?

That's how I understand it jyee, I can't see anywhere where it says they can be redeemed earlier.

The rate at which these guys are working not as long as long as some think, sorry can't be more specific. Watch Aussie gold hunters and see how long it takes them to dig out a pit and setup a plant, not long. The question we should be asking is how much cash a small scale operation would generate?

I think you are getting closer to the truth CC, was there a bust up between Burt and Ngai? Ngai resigns and INL decide to pull the plug because they no longer have a representative. There was no buy order though, there was a large sell order on the day of the funding RNS because I watched Marex walk the price down so someone was aware of the redemption.

So if it's all rosey in Garden and they only need £500-750k to B/E why have INL suddenly pulled the trigger, a bust up with Burt or a case of take out the prey whilst it's injured. There could be plenty of twists and turns here, we know there are still in discussions with lenders and has someone has rightly said, this could be Burt holding a gun to his own head.

Perfectly put MM. What happens next all depends if Burt is involved with pulling the rug. I've always had the impression that Burt had regrets about being listed, interestingly this question was asked in the last interview so clearly I wasn't on my own. If Burt is involved (I think he is) then they will let this fall into admin and we know the rest. However if this is a INL trying to kill the prey whilst it's injured then Burt will obviously want to put up a fight, you aren't going to simply hand over your baby. Can Burt find the money? There's no coincidences here, the Director leaving and that funding RNS from Thursday.

In the interview only a month ago Burt made a statement that the Chinese were supportive. The timing of the RNS yesterday was no coincidence, a strange RNS to release if you ask me. We know the company were in discussions to raise funds so why release a "nothing" RNS. What's done is done but you can't help but feel this is a big stitch up with Bert involved, I have good friends with significant holdings and it makes me sick to the stomach to think this has been set up by the company. What are the assets worth? Hopefully some funds get distributed to shareholders.

The whole thing stinks. The fact that this dropped yesterday suggests insiders knew, Burt covered himself by releasing the funding RNS. He never wanted this on AIM, the last interview gave that away. Why pull the trigger now, a day after the company announced they're still in talks over funding.

Forward selling is my guess, the RNS yesterday was pretty much stating that a book build was underway. IF they can pull off a placing then it gives them a good chance. Hit B/E and this could turn into a little gem. For clarity, M007 has been taking this stock down for months and would to see it go to the wall.

Amen Roger!

I can't disagree with that, the fact the company is now back to running on fumes having known it would run out of cash in April is negligent. They seem to be announcing a new venue nearly everyday on Twitter so they are making inroads.