Member Info for Ddraig

22.44 - maybe you’re right...time will tell I guess.

21.10 - by this definition could be prime brokerage too...
A Systematic Internaliser (SI) is an original MiFID term, used in equities in MiFID I (2007). It has an increased scope in MiFID II: an investment firm which, on an organised, frequent and
systematic, and substantial basis, deals on its own account (principal trading) by executing client orders outside trading venues: Regulated Market (RM), Multilateral Trading Facility (MTF), or Organized Trading Facility (OTF). MiFID
II will set out clearly defined thresholds for becoming an SI, based on trading volumes in respect of “frequent and systematic” and “substantial”. Large global or regional banks are the most likely candidates to take part in the SI regime.

21.36 - I’m betting on Ashley Gilbert will be acting, to be made perm, in the role.

21.10 - don’t think it’s a venue. Think it relates to prop trading reporting (using proprietary capital)

13.47 - I think we’re getting ahead of ourselves. First we need to find commercial oil, only then can you begin to cost out extraction versus sale. (Remember we’re our assets are it’ll be a decent capex to transport to market).
This has been gone over more times than the M1, I just don’t understand the consolidation argument? Reduce the number of shares in issue, increase the price of the share but at a premium therefore you reduce your market cap....it’s nonsense. The only companies that would consider this are those that are cash generative, or they have surplus cash at the end of a period (not necessarily annually) that they literally don’t have any better investment/operational use for...so it’s like a distribution. You could give it as dividends without the consolidation cost...difference to the end holder would be a subtle difference in tax options.
Dividends, paid in cash. would be taxable at dividend tax and they would have no option but to pay it, unless you have the ability to stipulate dividends to be reinvested (script dividends), ie paid in shares. Consolidation would be taxable at the holders option, ie if they sold shares and then it would be capital gains taxable, if not then no tax would fall due, until they do.

Enough of synthetic crypto BS...back to tangible stuff, oil it is...

16.53 - is that a rhetorical question? On the off chance it’s not then we’re weeks away from any flow test results but should have some indication of what the zones look like not long after reaching to TD.

As mentioned in the October webinar - I though we were due a resource estimate? Did I misunderstand what the Board said? Theres not much time to issue one before that actually drill through and can tell us the real results?

13.25 - There being expansive with the truth and then there's barefaced inaccuracy...what do you think?

13.11 - We need a long drill season this year and appear to be getting it, fingers crossed the long range forecast remains the same...

07.58 - up 1100%? Guessing you got the decimal in the wrong place...or you understand numbers about as much as Jacob Zuma?

23.45 - they were a little late releasing the trading halt

I thought Aus was supposed to be open this morning for 88?

13.24 - That wouldn't be a bad place for any of us to be...

12.44 - Feel free to trot on back to BPC, I'm sure your insightful genius and business experience could really help them out of a spot....

Wow - thats an incredibly basis thought process. Are you still at school?. Na just windup merchant.
Issue now provides less dilution if the drill doesn't work and if it does you won't really care.
Issuing after a drill provides less dilution if it works (but dragged by the positive result... but a disaster if it doesn't work.
Note the 'ifs' in there. If they knew the outcome, they would have to RNS that information....but of course they don't, because no one does.
But to put your mind at rest I'll ask 88E what the Lotto numbers are going to be for the next draw...surely they much know that too

12.19 - three drills? Merlin, Harrier....whats the 3rd?
Not sure Brom deserves nor needs an analysis. He's pretty politically correct in his comments and does provide a huge amount of information without bias to help people make up their own minds.

17.55 - yes there are the usual challenges with a CR and tight time at the moment. Only things that’ll help the share price are a Merlin win or another development.
We shouldn’t write off the talitha drill, if that goes well for PANR, potentially some of that comes into our average and then it’ll also helps the Charlie-2 understanding and a little bit of derisking

16.51 - might have misunderstood but placing price is equivalent to 0.45p...so we’re as near as damn it there already so not sure any UK investor gets a free win from here

12.08 - Appreciate there is analysis inc potential flow test but they will have some initial findings that they may share.