Member Info for davwal

Align’s analysis in March said:

The potential funding of both Tring Road and Avonmouth looks likely to play out over the coming months – as it does take time for a funder to get economically comfortable with the projects before writing out the £55 million cheque required to fund the pair.

Tick! (Well, almost…)

It’ll certainly be interesting to find out whether Tullow remain the operator if ECO’s statement about drilling submission by end of Q2 is borne out. Hopefully they will take a back seat, but they’ve been trying to offload at least a slice for quite a while. As I keep saying, farm outs are bluddy hard to achieve these days - which all the wild optimist shareholders of the various Namibia small-cap licensees need to recognise.

Stable door - horse - bolted surely? Maybe ECO can be their new partner…

Two buys of 3M shares a pop, so somebody likes it!

HoT means main substantive points are agreed and they will provide the basis of the final deal. Given the other party involved and the terms mentioned at this point I believe the arrangement has a very high chance of success.

If due diligence is underway regarding Avonmouth it suggests the nuts and bolts are done and dusted and the finalised deal is pretty close, assuming no skeletons popping up.

I think any marketing will benefit strongly from the MW influence. Also the new, grown up and focused strategy and objectives (MW again..?) will make for a far better and more attractive story. I remain positive in my belief that things continue to change and improve behind the scenes and that GS is being held on a short lead.

Probably earlier UK holders cashing out with a profit, albeit much reduced following the nasty dilution. The drilling is a way off for the more impatient folk, but ECO could well spring another m&a surprise in the meantime, plus there’s an expected announcement regarding Orinduik’s forthcoming drilling programme in a couple of months or so.

Let’s hope the oil doesn’t stop at the border…

How times have changed. Not so long ago the oft-heard comment from some holders was they were in just for Guyana, and that Namibia was a sideshow that would never come to anything..

Yes, I added too. Now they’d better get those videos out quick..!

One way or another ECO has presence in some truly impressive neighbourhoods. Just need some of their fairy dust to be sprinkled on our blocks. Orinduik has to get going again, it’s crazy letting it sit idle.

AIM equals manipulation and hysteria - end off. It defies belief but happens almost on a daily basis for one stock or another. I bought too soon today, which Is annoying, yet the main point remains the same - this drill looks very good but a few days is required to verify the outcome. The white noise is frustrating but irrelevant to the actual result. Hold or top up, don’t wet the bed.

Have topped up too. Nothing’s changed regarding risk/reward so might as well take advantage.

A monster field next door, eh? ECO will probably drop 5% on opening based on that!

Losing the pills is a blessing in disguise in my view. They were old-school, totally out of sync with the much vaunted company USP/brand promoting purity and therefore a terrible contradiction to the market. An own goal. Brand and USP are critical to a company at any stage but absolutely crucial at this stage. Management must now concentrate on getting genuine CBX pure products to market. It will be better all round in the long term. I’m adding.

PANR shareholders started a reddit publicity push but with good info, not mindless pumping. It really worked bringing in more investors, particularly from the US. It followed a model set by young folk who massively pumped a share on reddit (can't remember the actual share).

At some point the elastic between the two prices will be stretched to the limit and it’ll suddenly ping back, hopefully with ECO being catapulted to the EOG rate, not the opposite..

Gil promised to keep busy, so maybe tomorrow is news day…

It would be great if ECO had a slice, but I’m not holding my breath. Mind you, with a decent chunk of 3B/4B we are very nicely placed as it is.