The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
SJL, age verification?
SJ, any idea which sector they may do the RTO? Cannabis?
Btw, well done, SJL. Well timed reentry.
Anyone know where Bakky is?
8.8p
At 31 December 2020, c.$35 million of the Company's balance sheet intangible exploration and evaluation assets represented the historical cost incurred at Halifax to date. The Company now expects that the Halifax carrying value will be fully written off in its audited accounts for the year ended 31 December 2020.
The Company continues to engage with an ad hoc group of its convertible noteholders over the Company's forward work programme, strategy, financing and balance sheet recapitalisation. It should be noted that there is a risk of significant dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds and of potentially limited or no value being returned to shareholders.
If no agreement can be reached with the Company's stakeholders on additional development activity at Lancaster, the field could continue to produce from the P6 well before reaching its economic limit, the timing of which would depend on oil prices, actual production levels delivered and the level of cost savings achievable. The field may then be decommissioned, with potentially limited or no value returned to shareholders.
Still no date provided for results. What have they uncovered this time round?
Silence continues...
Still no update as to when results will be issued. With that lot, i won't be surprised if we wake up with another RNS about them discovering more smart accounting...
Freebies confetti
1) Worth remembering that it will take a few cycles of results before we see any positive impact of TF's work, if any
2) As per previous RNS, we will get separate notification as to when finals will be issued.
3) Still believe we will test low 4s soon personally
Exchange of shares happening at 4.5, 4.55p
Seller is keen to dump and now, the safety net provided by SJL buying is gone as well.