The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Never a pumper or dumper & never beat a drum !!! Always & only learning, drill, flare & flow ahead. GLA, DAB
Prospectus : Use and estimated amount of Net Placing Proceeds
The estimated Net Placing Proceeds are approximately £8,949,221, which the Company intends to
apply in the following order of priority:
Use of proceeds
Expenditure connected with Moroccan Guercif drilling £3,412,804
MOU-4 contingent testing £320,000
Compressed Natural Gas “Proof of Concept” FEED study and EIA 1 £3,976,179
Corporate Overheads £1,240,238
Total £8,949,22
Some people have very short memories, re-read this, before being sucked in by our permanent pumpers & dumpers !!! middleEastMoney : 7 Aug 2023 12:12 - Only 10 days ago, from uber dumper to today's uber pumper !!!
Anyone following COPL will know they submitted a Prospectus in April 2023, still not approved by the FCA.
FCA are under funded, short staffed etc, so although it states on the FCA website a fast track approval process is available - it is apparently not meeting its own guidance of approvals within the timescales posted.
Lonny - SH are as usual kept in the dark wondering what is really going on, be really good to know the answers to the big questions, CPR publication, even without Prospectus, are we drilling MOU - 5, what long lead items as referred to in last RNS, testing commencing when ?
If Prospectus not approved by August 31st - what then ?
There could be the mother of all short squeezes late this week, early next week if there is no news.
If PRD fail in the Placing due Prospectus not approved within the tight timeframe, there should be some hard questions asked.
Before anyone has a go at me, I am fully invested, but I am asking pertinent questions that should be of concern to every LTH.
Do not just assume everything is ok, ask, question and query, it’s your hard earned money.
I have often said we need more transparency - PRD is not PG’s little kingdom, he has responsibility to each SH.
Final question, why the massive rush to raise ?
Finally some will say PG cannot tell us everything ! I would counter there is more he can say, rather than nothing.
BE READY FOR THE SHORT SQUEEZE
MEM
Thanks Keith, I am not going mad then :-) Has anyone ever used these gas flaring daily updated satellite imagery sites? Could be very useful. GLA, FLARING AHEAD B
https://skytruth.org/flaring/
https://payneinstitute.mines.edu/eog/
From MOU-4 Update RNS 13 July:
As previously announced the culmination of the Jurassic carbonate target lies 2.6 kilometres to the southeast of the MOU-4 well location and significantly higher than at the MOU-4 well location
KeithOz' subsequently took back that proposed MOU/TIT/JUR 5 site, looks like a cement depot, but in the potential zone.
Circular trolling, multiple aliases, multiple sites, multiples of sh*te, dyor before investing :-)
HE1 : KevinRound : I hope not Louis and your usually correct you called Pred the other week.........
God I hope your not oilman jim (who I love btw) or else my investment will go to pot. Today 16:38
HE1 : Louis10 : Gut feel after hearing everything is they place before the drill. Today 16:10
After much further research, I discovered the following links, that might help explain poor mis-guided LouisX's obsessive / compulsive / submissive / pseudo-schizophrenic / Siamese twin like bad behaviour !! GLA, DAB
https://www.youtube.com/watch?v=tkV_AluNn-c
Or alternatively & quite a nice find & Dead Kennedy-esque :-)
https://www.bing.com/videos/search?q=institutionalized+song+video&view=detail&mid=F83C3022B59AB312B2B3F83C3022B59AB312B2B3&FORM=VIRE
Matt, the big trading houses/quants have algorithmic trading systems that push & then pull huge buys & sells blocks and can cancel them, if & as desired, in milli-seconds before execution, but swinging background sentiment to suit the other positions & strategies. You can be very sure all these late trade postings & trade reversals are not for the good of the average investor, like myself & are definitely best ignored. A Toxicity of Fake Trade Trolls !!! GLA, DAB
PS - Looked up hotels in Guercif, from €30 to €70 a night. Could be a future boom town. I might open a pub :-)
ARTLESS123: "What is the share price prediction please if these wells all flow oodles of gas???"
In response to your earlier & repeated question, I must admit I have been diligently following the share price predictions & consensus ranges & having done my own regression analysis, I can confirm with 95% CI, that its somewhere in between 2 - 6 🦖 !!! Off for a stroll now, evening all :-) DAB
AndroclesB, I had the same thoughts of near £4M for a CNG FEED study, but later read pages 138+139, which shows that that is for our 75% share of the all the compressor systems, charging stations, EIA & 5 (small) trucks, etc. GLA, DAB.
Funny Keith, that very link got me into this mess, in the first place :-) There surely are people paying for the most recent fly by's, who have quite the advantage. My question really is where is Star 101? 10m$ question ? :-) GLA, DAB
Not sure if I am confusing myself, or if the dates indicated are correct, but this google earth map states "Dates des images : 09/05/2023 ou après Airbus ( bottom left). GLA, DAB
https://earth.google.com/web/@34.32066465,-3.36791406,356.91058339a,615.77647997d,35y,0h,0t,0r
So LouisX, you apparently agree with your fellow Troll Porter, that "the brokers would have been in talks with the FCA" about Predator's live Prospectus application, despite it being totally confidential, market moving information & risk being found guilty of insider trading ??? Please do explain the mechanics of such talks !!! DAB
Ok the official troll count is now up to 4, expect at least 10 more. (Note - 20 Charlotte variants on just this site)
Trolling Oilman Jim
Trolling Louis X
Trolling & brand new lick harsing MCoil-gas
Trolling Porters - who knew :-)
Genuine question Porters, how do you imagine the brokers could talk about 1000% confidential info with the FCI ???
Better rules for our LTH's (6 buys in 7 months, no sells here) for dealing with Trolls, their spawn, their multitude of handles & our endlessly trading pumper & dumpers.
All responses to any & all trolls, should start with a brand new message, not a simple reply & possibly include terms like "Troll xxxNamexxx sucks/lies/eats donkey cheese, etc, etc" !!! Today 22 people, myself included, repeated a Fake headline message, from GLOUISX. We are foolishly multiplying his original message exponentially. And yes I know, its best to "filth-er" them & not respond, but sometimes is necessary &/or funny to reply :-)
All site cleansing responses extremely welcome :-) Love many, trust few & always paddle your own canoe, DAB.
Admission of new Ordinary Shares
Application will be made for the Placing Shares to be admitted to trading on the standard segment of the main market of London Stock Exchange plc ("Admission"). It is anticipated that Admission will take place at or around 8.00 a.m. (London time) on 15 August 2023 (or such later date as many be agreed between the Company, Novum and Fox-Davies) but in any event not later than 8.00 a.m. on 31 August 2023.
The Company does not currently have the ability under the Prospectus Regulation Rules to enable admission of the Placing Shares. The Company is working with its advisers to obtain approval of a prospectus (the "Prospectus") which is in the late stages of the vetting process with the FCA. In the event that the Prospectus is not approved by the FCA in time to enable Admission on 15 August 2023, Admission will be delayed to ensure that the Company will have sufficient headroom under the Prospectus Regulation Rules to enable Admission. Admission will take place no later than the back stop date of 8.00 am on 31 August 2023.
The Placing is conditional upon, inter alia, Admission becoming effective and the placing agreement between the Company, Novum and Fox-Davies ("Placing Agreement") not having been terminated. The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the Company's existing issued Ordinary Shares.