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Update can’t be far off now, this was said by our CEO on the 7th March.
Lorna Blaisse, Chief Executive Officer, commented:
"The Company's focus is now on appraising and evaluating the resource potential at Itumbula West-1. Whilst progressing the subsurface work, to better understand the resource estimates in a fractured Basement and fault play, we are planning the next phase of operations. An extended well test at site will enable us to confirm commercial flow rates and fluid composition, whilst continuing to plan for development and production scenarios in parallel.
This is a highly exciting time for the Company as we transition beyond exploration. I look forward to providing further updates as we progress our plans in due course."
I’m surprised this has dropped so far, it’s not going below 1p as there’s many who are waiting for that to buy, soon as this starts to move up they’d be buying in and to push the sp up even more,
I bought 1 million share’s today for a very good reason. Dyor and Atb.
It’s down to negative posts from shorters, doesn’t change the fact the actual assets we hold here are massive and up there above the US and Canada.
We have pure Helium at 7.7 percent,
Most are under 1 percent so they’d have to produce 5x as much gas to get 4.7 percent like we have, and it’s pure, thats the beauty of it.
This will move up fast very soon and that’s why I had to get back in.
All will be sniffed out this time, any criminal activity will be looked into, if we can see it then the rest will see it.
Justice will be done either way.
They should be outed as we are the owners, the shareholder’s and stakeholders.
Fxxkem off once and for all.
Well if you don’t know then why are you here?
So your not aware of what’s happy then,
SP could rocket anytime as we away news.
Following the designation of the Company as a SPAC the directors confirm they will be working with its broker, Peterhouse Capital Limited ("Peterhouse"), and the other advisors to the Company to consider options for a future reverse takeover involving Dukemount. It should be noted, following the changes to the Main Market, any reverse takeover requires as a minimum enlarged market capitalisation of GBP30 million and there can be no guarantee that such a transaction can be undertaken.
The directors have resolved to extend the accounting reference date of Dukemount from 30 April to 30 September. The previous accounts for 30 April 2022 were announced on 9 June 2023 and the interims for the period ending 31 October 2022 (which encompasses the prior disposal of the peakers as announced on 5 October 2022) were announced on 16 June 2023. The accounts for the period ending 30 September 2023 will be published no later than by 31 January 2024.
The directors have continued to take steps to reduce the costs incurred by the Company and are taking steps to best ensure the viability of any future transaction by exploring further funding into the Company alongside the appointed broker to enable the 2023 accounts to contain an auditor going concern statement that is not qualified. In the meantime, on 11 September 2023 the board elected to drawdown an additional GBP40,000 net proceeds from the previously announced long-term facility on 11 October 2022 to provide further capital for on-going costs.
Paul Gazzard CEO, comments "the process of lifting the suspension of the trading of the shares has taken time. This time has been spent enabling us to move to reposition Dukemount in a manner beneficial for stakeholders as a whole. The Board will now set about searching for a new target company and business to pursue as we repurpose Dukemount and will work with Peterhouse and our other advisors to facilitate this. This process will commence and be undertaken expeditiously and we hope to update the market soon on the next steps for Dukemount."
Calm before the storm I believe,
We have the tech and it’s already stated it’s in demand.
There is a reason why this was £3 quid a share 5 months ago,
It’s Just that investors get impatient, that’s fine but that’s when it’s best to buy in.
Restricted stock so this can move very fast.
Gla.
I’ve been around a bit, I know I’m only registered here from 2009 and ADVFN
but I actually have traded from 1995.
Telspec was my very first investment and the rest is also history.
Made £40 grand in HE-1 within a month from 4k at 0.28.
That’s how it works and have followers give info.
Now I’m in here other’s will follow, I only have 250k but I’ll add to that.
Get in now as this will move very shortly and I’ll be right behind it. Atb.
Email,
I don’t know, depends on how much he’s lost I suppose.
I can see that the frustration is out there as wrong doing has been done here and it needs sniffing out once and for all.
Bloody fraudulent by the looks.