Member Info for DesPrado

Quoted 1.999 for 1 mill buy

Quotes not available above 1 mill.

Why is there only one monopolies commission.

Lord Sutch. (MRLP) - RIP

Plus drill rig cost estimate now much reduced.

From RNS of 5 Nov 19
When combined with the proceeds we expect to receive from our Conditional Convertible Note, we will have secured the finance required for drilling activities, given our anticipated well cost is in the range of US$20 million to US$25 million.

I would be interested in hearing your reasoning.

Nimbidc I thought you sold all your BOIL shares after consistently trying to talk the share price up? Or have you bought back in?

How about 4500 at 10p or somewhat less?0

Highlights:

· Open Offer closed with c.50% take-up from existing shareholders raising gross proceeds of US$4.3 million through the issue of 166.4m ordinary shares at a price of 2p each.

· Successful Placing to raise additional gross proceeds of US$7.1 million through the further issue of 275,641,455 ordinary shares at a price of 2p each.

· Aggregate gross proceeds of US$11.4 million from Open Offer and Placing representing an oversubscription of 60% against announced targeted fundraise amount.

· As a result of the Open Offer, the Placing and the previously announced Conditional Convertible Note, the Company expects to see gross cash inflows of approximately US$24.6 prior to March 2020.

· Sequenced cash inflows through 2019 and 1H 2020 expected to be sufficient to meet the anticipated costs of an initial exploration well in The Bahamas during 2020, consistent with licence obligations, with timing of cash inflows matched to funding requirements.

· Farm-in discussions remain active, and the Company continues to consider other financing alternatives, to strategically expand its available funding resources.

Dubed

They have already been placed (overnight following closure of the OO) as confirmed by RNS.

The CLN is included in the calculation of the 24 months operating costs. ‘Aggregate’.

The Subscribers being satisfied that the Company has sufficient funds in cash (but not including committed cash or cash subject to refund obligations) which, when aggregated with the subscription amount of the Conditional Convertible Notes, would be sufficient to fund the cost of the intended drilling operation in full and the operating costs of the Company until the end of June 2021.

Bearing in mind that they raised additional funds in the Placing they should be in reasonable shape.

Seems to be some people trying to spread some panic here.

The MM’s don’t ‘let it go’ they just manage their position up and down.

Nice solo by the way.

Look forward to when we hit 75% intra day uplift. (Like KEFI today)

Hallo. ‘Twas me!..
didn’t realise that the choir was on a 24 hr loop.

Maybe the PI who bought the last 29 mill is doubling up, or maybe one of his friends is following suit.

I am not sure we should ascribe any more to it than that. Nice as it may seem.

Lovely to hear the choir singing in unison and harmony.

I expect there will be carols at Christmas.

Looks like you got out at the right time. KEFI in auction now.

Glad of your insight. Very reassuring.

I understand. Good strategy to sell into a rise.

KEFI up 15%

Molokai

My point is that the mm’s will probably force a close below 2 for their own reasons.

Watch it close below 2