Member Info for dcarn

Yeah, I also noticed that yesterday when I was doing my end-of-month accounts.

Serica was just a few years too early with Namibia, deep water drilling with little infrastructure in place so very high cost, they really had no option but to relinquish the licence.

Also have Namibia covered with ECO, been in since the original Guyana drill days and have just been bottom drawed for a few years. I'll be adding throughout this year as funds permit to bring down my average in the lead-up to Total drilling, hopefully in Q1 25.

The NR301 (NR-301) form only becomes relevant if and when they commence paying dividends.

He definetly said first oil would be in Q4 this year.

An article in the FT on contrarian investing and guess which company they use as an example.

Decent exposure if nothing else.

https://www.ft.com/content/704a2f0b-157a-4474-b2df-33910be4f30b

Warrants outstanding 31/12/22 as per Annual Results 2/5/23.

67,837,418

Exercised as per RNS this year prior to today's RNS.

1/2/23 2,191,555

28/2/23 600,000

31/3/23 7,786,355

Outstanding 57,259,508

I suppose things have to become clearer on 24/10/23 when the vast majority expire.

The exercise price is about 6p.

Look at it this way, the price lag caused by the warrant overhang provides an excellent opportunity to continually top up as funds become available.

From the Completion of Acquisition RNS on 23rd April. So advised but not confirmed.

-- A strong financial position from which to deliver further business growth. The Company expects to announce its 2022 results, which will include detailed financial information, on 13 April 2023.

They've just under $9M USD left to go of the $25M USD assigned for BBs.

I only watched the first one but it was a pre job 'tool box' talk for the upcoming Q3 well interventions on Bruce.

Comprised of Sericas Wells Manager, rep from Exceed ( who I presume are managing the job) & and a handful of reps from the various service co's.

There was a wee bit of a chill out in the shire this morning.

So very fortunate to have SQZ divis covering utility bills this coming Winter.

He's walked.

If AA does go hostile in the next few days does anyone have a rough idea of how long it would take before there was a vote on any proposed offer? Is there a defined process with regards to timings?
I'd assume AA would want any vote completed before North Eigg results, whilst it would be beneficial to shareholders to have these results or any indication of results prior to voting.

Perhaps they were waiting for 100% ownership so they then get 100% of the additional income.

Beats giving BP 40%.

Sure they are using debt to buy growth but it's just the business model, it's very capital intensive. No one can fault what's been achieved over the years.

The covid shut down a couple of years ago successfully stress-tested the business model to deal with adversity and I've no doubts they can ride out any future recession, even with their level of debt, and continue to prosper.

I like the sound of the motherload, I'll think positive and walk about with a smile on my face for the rest of the weekend.

I'd like to think we'd be looking at a full operational and hopefully financial update upon resumption, which is a bonus.

total confusion

Well that rules out a stonking takeover.....................for now.

RNS

Statement re Suspension

GoldStone Resources Limited (AIM: GRL) notes the suspension of the Company's ordinary shares from trading on AIM following an operational matter.

The Company confirms that operations at the Homase Mine are continuing as usual and will provide a further update in due course.

**ENDS**

Government buying some of the produced gold?

Can't see that warranting suspension.

All sells prior to suspension doesn't bode well imho.

https://www.ghanaweb.com/GhanaHomePage/business/BoG-procures-3-500-ounces-of-gold-from-Newmont-1557002