Member Info for DanBrown83

when people sold at 4p, they sold to Peel at 4p
if someone got in at 4.5p, they bought them shares from Peel

Peel wouldn't of taken place in in Placing - i'm certain of that
Average will be a lot lower than 8p - they purchased c13m shares at 10p but the day after they were down to under 8m (5m shares they sold from 12p to 16p) which would reduce their average.
I'm also pretty certain, that they were loading up at 4p and under the day news arrived about the Sheikh and the SP crashed before settling at c7p - they have then traded on margins - when SP has gone down, there holdings increase, when SP goes up, there holdings decrease
its likely that if someone offered them 6p for all shares you would quickly get a zero holdings notification

We really don't know
there are a number of possibilities but if they were holding on behalf of someone i'm pretty sure that needs to be disclosed under the Notification of Holding's rules
so im therefore of opinion that it is them holding
i still think personally they took a punt on the 10p sale price from Sheikh hoping to shift them at profit

didn't think there was enough selling to get them over 20%
SP has risen with some buys but some sells too so think Peel are quite happy maintaining and making on margins, they control the book 100% for PI's

Nobody knows the plans for partners at AJE
The current wells deplete soon, after October Uplift there will be 7 left, come 2022 these two wells will be plugged and abandoned, the rest of the AJE field has plenty of reserves and with a 20 year licence is ready to develop, it has been for a few years, the plan to develop has never materialised in this time been delayed, CAPEX was circa $1bn for AJE to fully develop which none of the parties have access to them funds, so a debt deal is all that can be used going forward, if it ever does
Again nobody knows what ADME are looking at in terms of a producing asset but I know $1m buys you very little

Uplift is expected October so makes sense

Warrants aren't tradeable

There is no way to know that
They may have an investment which requires £1.3m by mid October to complete or they lose the deal completely?
we will likely never know about any such deal if it didn't conclude for lack of funds (but i agree its unlikely)
what happens if not completed by End of October?

premium placing is always a positive in reality - SP usually settles at circa 10% less typically in an AIM share
Placing isn't done or concluded and we can all draw conclusions in why it hasn't been concluded in the timescales outlined
we don't know if it is Zark or the other parties and to say its a delay in transferring funds from another country to UK is just tosh, people can make International Payments in hours with Great Western

EGM RNS said it would proceed to completion by 4th - pretty clear
Either an investor has pulled out or doesn’t have the funds, either way it’s a poor outcome, you wouldn’t be happy if your bank agreed to lend 500k to buy a house but then said, actually we can give you 200k now and then we will release the rest in stages over the month, and if they can’t afford a couple of hundred grand they ain’t exactly wealthy

Not good, I thought the conditional placing was a done deal subject to EGM only, I assume a backer has withdrawn due to current SP been 30% lower, where does this leave the funding for investments, is it now short

1 great RNS
1 unexpected and not the news we were wanting, brings funding issues but we’re still in a very strong position

will get 2 RNS's probably Tuesday
ZARK & Peel Hunt for certain
maybe a few more as %ages of other major holders are reduced in line with new shares

if your theory is correct regarding PH want c19%, they will try and collect a couple of million shares

PEEL HUNT RNS as i thought
will get a few RNS's next few days with Holdings i expect

i see no point so i assume share code

Everyone is waiting for the update on the new investment(s)
minimal volume
possible RNS for Peel Hunt moving back above 19% given a few sells last couple of days

still think this is long term hold / buy at these prices
but its difficult for me to put ore into a dropping share
done it on other shares and most time it doesn't pay
coming up to 75% down now - see you when its back at 2p+ (when Cobre and LCCM are sorted)

Same, pretty much given up here, c70% down now from one point been in the black
Cobre and LCCM looked like offering safe revenues to progress multiple projects, seemed a sound business plan until the major customer stopped paying and it’s all gone south from there, lack of funds has put LCCM back and our partners in other prospects have faltered leaving us to pick up the pieces and putting us under more financial stress

We will have to see what these investments are now
see how advanced they actually are in talks

It’s not actually that bad an update but the figures are still carp and this is based on 2 uplifts and not one which is coming in H2, hence some of the cash from last 2 placing for working capital