Member Info for Desmond45

Steady increase in NAV but the cash position is dwindling and the Shellbay fees (£2.2m cash plus 15 million shares) leave a bitter taste. £450k in sundry expenses?! These boys are living the life! Can see significant dilution incoming shortly

And there’s the capital raise right on schedule. What are we saying, 1 billion shares at 0.5p? Or will they go big and surpass 20 billion shares in issue?

INA deal confirmation will be any day now, already signed off. Sonagol deal also likely to complete imminently - Risk of being left behind by selling out for a few % imo

Not financial advice redirons, only my opinion. Which I add has worked for me previously and have made nice gains as opposed to being left bagholding or diluted to oblivion. Good luck on holding for gold with such a low chance of success!

Looking good here, probably a few bumps on the way up as swing traders close out their positions for 20%-30% profits but it seems there remains a very big buyer in the background.

Wait for the annual dilution and then buy in ready for silly season drilling. Sell before the inevitable duster, simple strategy

If it was all doom and gloom and the company was going bust/due a crap 2023/raising cash at 20p etc as some doomsayers have postulated, we wouldn’t be seeing new funds buying in. This lot are not short term traders I’m sure!

Looks like game over for PANR, very similar to the drivel that 88E put out. Won’t be long before the next dilution.

KIST deal was far better than this lmao

Not a single teaspoon of commercial oil in about 10 years speaks for itself. I suspect there isn’t another junior oiler in the entire world who has spent so much money and delivered so little.

Shiny new investor presentation out today. Looks like 88E have the begging bowl out again for the next batch of dilution. 20bn shares incoming - i suspect a share consolidation isn’t far off.

This fortunes of this company have seemingly played out exactly the same as VRS, quite uncanny similarities between the two really and makes you wonder…

Both ceos on twitter all day every day chatting *******s, talks of unicorns and sunglasses by GB as the future was looking so bright.
Ramps of ‘company making’ China deals which never materialised for both companies
GBs wife / VRS ceo selling shares after podcasts referring to impending commercialisation which never happened. Cruise ships anyone?
Tom Winnifrith ‘leaking’ a fundraise leading to total collapse of the share price in both companies. How can one ‘commentator’ consistently leak sensitive information leading to shareholder value destruction? The same thing happened on RBD too if I recall.

I’m quite sure somebody in this process is making or set to make a lot of money somewhere whilst PIs are sold a dream and robbed by underhand and frankly dishonest behaviour.

The brass neck of certain individuals to then go into complete radio silence! Shameful.

Enough cash for for 2.8 quarters, Not long now til the next 1bn+ share dilution!

Bargain basement down here. In for a punt

A short poem
‘Permit for Hickory-1’

Hickory dickory dock
Over 10 billion shares in this stock
So many rounds of dilution
Abundant investor confusion
another duster in uneconomical rock

Andrew Austin attempted to buy IOG back in his rockrose days (and failed!). Sitting duck at this market cap with good assets and highly cash generative. The new UK levy means capex for IOG asset development can be off set massively against tax too - which seems a lot more attractive than the likes of potential solidarity contributions being touted in the EU for kists Dutch assets. Given this uncertainty around tax which makes European assets less attractive, and KIST is also net positive in cash equivalents, and given they attempted to buy serica and have an aggressive M&A strategy, IOG must surely have been evaluated as a target. AIMO

Can see KIST coming in for IOG imminently

You must have got a Richard III in your degree if you’re silly enough to hold this stock through perpetual dilution! Lol!

Drilling location selected, the question is how many fund raises will happen before the drill? I’m going to go with 2.

You’re not wrong there. This stock is going to make a lot of ordinary PIs very wealthy. The gash generation is insane at over €2m profit per day at current prices, and it’s not even winter yet. The time to load up is now.