Member Info for DanBrown83

so manipulated - 0.25 on the BID yet only one tiny dip just below 0.27

You should contact IG
I'm sure you can add different markets with IG
once GM's are passed the price should pick up but i would expect a lot selling on the days prior to takeover as people will have a similar issue as you

Hes been there over 10 weeks lol

That is one of the considerations - if you see portage SP fall today, it strengthens the proposal - $67.5m is the consideration and number of shares should change depending on Portage SP, but flooding the market with that many new shares in Portage with so many eager sellers could mean you wont get full value - if it was cash - it would be far safer

Theres a few considerations to take into account but can't see too many issues in getting close - buying would probably double your money in a month

Cut -Off is 6pm on 17th September in RNS (DEMERGER DATE)

Sounded like a decent note, lots of positives - maybe co-mingling the zones isn't the way forward at this stage - i would rather have a safe well producing good amount of oil than risk the well to get a few extra barrels, especially as it would seem the decline rates will be a lot less than first thought
a safe 800bopd rather than go for 1000bopd and risk ending up with 300bopd, but i know the team on the ground will know a lot more and make the decision based on the facts they have

Glad for you guys
i sold at 0.22 months ago but glad to see this news and hope it can get back above 0.3p+ for long suffering LTH's

its really minimal sums - pretty worthless
see if we get more meaningful similar RNS's or not

Bav3 - i agree
CH needs constant pressure now
we have seen that after the Monday RNS - it virtually sounded like they had done nothing to help with the permit, after a huge drop, massive shareholder contact and real pressure, he has actually forced some form of meeting and managed to make progress
All honesty - why didn't he do this sooner, why did it take him until the SP hit 0.35p and him going Part Time on a reduced salary to pull his finger out

always shows its worth a punt after bad news and a share drops over 50% as potentially good news is a minute away
back to the July price now

This is obviously good progress but most will still be too hesitant to put major money in, the Permit hasn't been awarded and AST have stated numerous times over the last couple of years that the permit is expected within a short period of time
See what happens by 10th of October - Colin has stated 2 months and then further in said September so if nothing by this date i will assume its all going wrong

It was 12 monthly payments from June 2018, so YA will be cleared in full by cash by June 2019

was a 60% Spread earlier - price dropped on minimal sales, market makers make a fortune out of this share
wait for placing news to see if you are really doomed or see if Lind / Darius do some miracle deal

Thats totally fake

Still technically a busted company
The assets in the Accounts are for exploration costs which they can't monetise at present
a massive placing is due - its the price and how much for that are the two questions
the last two placings totaling $600,000 to keep the lights on will be at this next placing price
They can't drill any more holes until they conclude the placing so if you have shares, you have to be prepared to wait for this RNS in my opinion as this will be the basis for the next re-rate on SP - whether higher or lower than todays price i don't know but the two prime funders have lent to them at anywhere from 0.01 to 0.12 in the last 24 months, so be prepared to see a figure that could be double from here or a third of current price

with over 16bn shares when fully diluted, SP should be 0.026 based on Net Asset Value

also factoring in the following:

The Company is in arrears with the renegotiated option payments schedule as at the date of
this annual report. Under the Revised Option Agreement options payments for 2016 and
2017 remain outstanding and total US$1,113,250. Option payments due in 2018 are
US$800,000; 2019 US$800,000; 2020 US$900,000 and 2021 US$500,000.

you need to wait for ext placing to see what price this is at, last two fundraising's will be at the next placing price, we will be able to ascertain how many shares there will be in circulation and make a fairer judgement call on SP price but way overvalued and very very high risk

Mr Harrison

I think a lot is on COBRE contract at minute - cash is king and we were bringing in a lot - this has been the biggest negative on the SP

In terms of LCCM - this will be the game changer next year, we have an offtake agreement which previous owners didn't have - we only purchased the mine once we had the agreement in place which is sound business sense

For me Hanns Camp was a bust -results very poor but Redmoor is really exciting and positive but as you say, 2020 and we will still be well away from actually producing income.

If Cobre contract is sorted and next year LCCM production and profitability is achieved we will be all laughing but i think we have a wait on out hands with mute updates along the way, only update that could come out of the blue is COBRE client gets permit and needs to increase magnetite ten fold

supposedly but i never see it

100 I need shares.

200 I need shares badly, but do not take the stock down.

300 Take (or I am taking) the price down so I can load shares

400 Keep trading it sideways.

500 Gap the stock.