Member Info for dusterhater

why 5.5p ? why not 6.5p 0r 3.5p ? any significance ? or just plucked out of thin air ?

all this deramping is just noise - peeps trying to get a cheaper buy in price - I am not taking any notice of the trolls and am happy to wait for official RNS on well clean / flow rates - fingers crossed that they are good - please lol

The way this is dropping _ when is it going to stop ? Many still in big profit here and so if they sell we could see this going down alot more - I want some good news now regarding what the sheikh has got planned ?

I will wait for confirmed sustained flow rates via official RNS once clean up has finished

Sorry I missed that rns

They 'cheap as chips' IF flow rates go up to a good amount - if not they may not be as cheap as chips
Lets hope they go up.

Then after second placing I suppose they will doing a third placing ?

Will hopefully be a foundation at 16p going g forward - but obviously not a guarantee and if no tangible news regarding future projects and how funding said projects is to be implemented then sp may well drift lower than the 16p. Imo

Lets just hope the sheikh still wants to be involved

Could of raised over £1m but only raised £500k approx and the PB did not close early .
To me it appears the offer was not well recieved ? And taken up ??

Hope not woogie - but the thing I am not getting is if the sheikh does not want further dilution and funding is coming via loans then why does he need an listed company ? I probably just being over cautious lol

I just hope they dont delist and eventually go private - I have already be caught twice with delisting - thats my big concern.

May be ii's and friends ( high net worth sophisticated investors lol ) that may have been approached were not willing to pay 4 times the Sheikh paid ?? Just a thought

I agree with you spikey - and it all appears a bit desperate imo

It does concern me that they have to raise through PB ( and dont say they are because they want to give we shareholders a chance to take part in the discounted placing )

Always nice to put an extra digit in lol

I think you will find they can issue 69.77m shares
Therefore if fully taken up then should raise circa £11m. Imo. If it was only 6.977m shares then that would only raise just over £1m at 16p per share.

who was it adamant the sheikh would not dilute ?? I thought this company was going to be a bit different ?

dam it - I told ya this was going to happen - o well onwards and upwards after

I personally will be very happy with 600 bpd - I think an update would be good reporting on improved flow rates as clean up progresses rather than wait to end of clean up - I think that would be good for market confidence going forward imo