Member Info for davwal

With Anna already gone the deal must be very, very, very close to a 100% certainty.

I doubt Minto would sell down his holding at anywhere nears current values. He has seen a massive drop in his financial worth so like us he will now surely be looking longer term for a decent recovery or at least a good sale price.

Hopefully that means completion of the investigation is not too far away. Bit of a bugger given he was the live wire.

One of the significant benefits of the intended merger is CBX (or whatever they might call it) getting a bod that has proven capabilities in developing a little company. Obviously they primarily just want the LSE listing via the back door, but the synergies of the two entities could take the new company to another level. Also, consolidation is inevitable in an overcrowded market so these two are getting in early, and I’d not be surprised at further integration in the not too distant future. Interesting times.

Bought back in yesterday but haven’t been watching lately. What’s with all the constant piddling ordinary trades?
Otherwise, the proposed merger looks promising - albeit from a pretty poor base point.

The two directors could be assisting the auditor’s investigation in a similar vein to ‘helping the Police with their enquiries’. Anyway, it would appear day to day business with third parties has been difficult given the big cloud hanging over REVB and it’s officers. Understandable really and it makes sense for them to distance themselves, whether by their personal choice or others’ suggestion. Should have happened sooner.

Shame TRP isn’t a producer, then.

Well if you lot think I’m some scheming deramper (which is frankly hilarious), after 5 continuous years invested in ECO - now quite heavily for my pocket - I’ll not waste our time further. I’ll leave you all to it and join Phoebus in voluntary exile.
I wish you all good fortune and goodbye.

Regards sowing doubt in investor minds, that is perhaps more pertinent and relevant when thinking of why the CEO of our largest shareholder has been so loose-lipped. What does HE and AOI have to gain from such comments at such a sensitive time. I certainly don’t know the answer, but it’s a reasonable question.

Now that is funny. I now have my largest holding since starting with ECO in 2017. Irrelevant my arse.

Further to KH comments, I noted he didn’t rule out a legal challenge to Gazania pre-spud by the green lobby. That really would put the cat among the pigeons.

I don’t think Keith Hill talking about AO looking for an exit plan from ECO has helped.

The market remains quite apathetic - quite a different situation to Orinduik when at a similar point in proceedings. The sp might struggle for 35p at spud.

Having listened to Keith Hill saying several majors were currently in the data room looking at 3B/4B, while not wishing to be all doom and gloom it occurred to me there is scope for the SA enterprise to diminish quite suddenly, and quite soon. That makes me question my own exit strategy.
I’m thinking of a scenario where 2B is a dud and none of the experts from the majors consider 3B/4B worth the investment bearing in mind the huge cost, thereby rendering the block a bit of wet real estate having no value. Note Hill acknowledged they can’t work it without the major on board. Trouble is, when would be the time to think nobody wants to farm in to 3B/4B, particularly when it’s not known how long they’ve been looking?
When Guyana is already in mothballs I personally won’t want to spend another few years waiting for action. Namibia has, according to Gil in the past, had farm-in interest but nothing has come of it and the Walvis Bay generally still seems devoid of interest.

Hopefully, the Orange Basin assets are great success, but we could certainly find out much sooner than expected.

Having just caught up on Keith Hill’s presentation, L was concerned at the suggestion they are already considering their exit strategy regards the three companies in their portfolio, one being ECO, in order to realise the value. Gazania is potentially a key factor in that processes, albeit 3B/4B remains of serious interest which suggests either a continued hold of their shares or total buy out of ECO. Selling their ECO shares was quite possible. Regardless, he talked like ECO’s future is pretty much within his control, which I don’t like. I’m sure Gil and Co know the score but they’re in bed with a shark! Otherwise, it’s good to hear majors are in the 3B/4B data room, which could - COULD - mean a drill next year if one comes on board soon (potentially paying quite a price he mooted based on events elsewhere).

The accounts will come soon enough, no need for fretting. The last thing needed is a cobbled together rush job that blows up in their face again. Like others, I’d expect a matter of weeks to be around 4-5. It certainly get interesting on that day, be it positive or negative from the last guidance. If it’s no worse than, away we go..!

I do wish the constant seller would do one!

Should have said - Just over 13M shares.

At or around the end of the month Azinam Group Holdings can dispose of just over 10M ECO shares if they so desire. That the clause enabling them to sell one third after six months or on spud of Gazania-1 was inserted into the acquisition deal suggests to me they would probably wish to derisk their holding prior to the Gazania result. I wonder if that threat is now holding back the sp.

Correct.