Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
It would be a combination of a placing, reduced cost well and a JV coming in at less favourable terms, ( 50% of 1 well for example). Let’s hope it doesn’t come to it but plan B will be whatever they can get.
UKOG did a loan facility recently https://www.lse.co.uk/rns/UKOG/1633-million-funding-facility-umgrhiv567xi1yc.html
Having already issued nearly 3.5bn shares at 0.08p
https://www.lse.co.uk/rns/UKOG/successful-placing-and-appointment-of-new-cfo-7dapwi9tvyuaib5.html
There are less than optimal ways for less than optimal situations.
“Whatever it takes”.
Gordon plan B finance will be exactly as I laid out in my 6 step AIM game. They will speculate something, drum up as much interest as possible and then raise the funds at whatever price they can get away with. If they have to raise £5,000,000 at 0.10p having ramped it up to 0.12p on some hype then they will.
Like sausage said, it’s a 2 weeks wait to see if they are going to kick the can down the road another 30+ days. Best best case here is it clears up over the next 2 weeks, everything is back on and we’re all shouting 0.20p incoming… worst case it doesn’t, they order the pump which is apparently going to take 30 days but based on previous timeframes probably much longer. I’d say if they do have to plug the other zones it won’t be done until early next year. That’s a long wait for AIM and I wouldn’t be at all surprised to see 0.07p or less if that’s the case.
I really think the authorities ought to get involved and have a good look through PBoos computer. All the fraud he has committed here over the years is disgusting, might not be all they find, I heard he likes camping out in bushes with a pair of binoculars too.
Conger it’s very easy to buy and sell 5,000,000 chunks at the right time (in fact I have done 7,500,000 on many occasions), you just need to be buying when others are selling and selling when others are buying. It’s not a day trade share but you get opportunities. I don’t think £10k in a couple of months is pennies but maybe you have a lot more £ than me.
This is how AIM works not just SYN but they are a prime example of it:
1. Company speculate opportunity
2. Price goes up
3. Company does a placing
4. Company fails to deliver on the opportunity
5. Price drops
(Rinse and repeat)
The trick is to buy in at 5 and sell before 3. Don’t miss the train, don’t get greedy, and don’t get caught holding the bag.
I’d say we’ve just transitioned into the early stages of step 5 (buying opportunity) better opportunities for those who hold off for now (maybe in the 0.8-0.9p range) could well be on the cards here. But one thing for sure, this will go full circle, so anyone in now shouldn’t panic and could be worth a slice at this price as I have done (not everything, just a slice). At some point in the next 2-4 months we will see 0.13-0.15p as a minimum, hence why I’ve taken a slice now and will buy more if/when cheaper. An easy 50% if you play it right, probabaly a bag if you time things spot on or get lucky. And if by some miracle the company skips step 3 and 4 and moves to the elusive step 2.5 (delivers on promise and price goes up even more) then you might get 3/4 bags.
Play the game or be played. Roland still gets paid, the minister of hydrocarbons still gets paid, so make sure you get paid too.
All they have proven at the moment is that they can’t get more than 0.35mmscfd out the well despite throwing the kitchen sink at it. All they can do is hypothesise that it’s because they opened the other zones up which increased the water cut, whether investors and a potential JV agree or not is up to them. If they close the zones and increase the flow rate there is no argument. Of course if they close the other zones and the rate still doesn’t increase then they’ve shot themselves in the foot and will need to find even more excuses. But IMO the worst thing they can do now is draw a line under this well and say ‘we’ve got what we need out of that’ and try and call it a success after 10 years and tens of millions have been chucked down it.
I have just picked up 5,000,000 now at 0.979 and will take another 5,000,000 in the 8s if the time comes. Then I’ll offload in 6 weeks time for an easy 50% just before the ‘news’ (next delay) comes. There’s no such thing as free money but it is very very easy if you know the rules and play the game right.
Ps. Infor when I talk about thickos being duped by Jasper et al. You’re the sort of moron I’m referring to. You shouldn’t be putting money on things you know so little about, stick to roulette and horses.
Https://www.lse.co.uk/rns/SYN/investor-presentation-o37cmc7ns37ftnm.html