Member Info for earthling

I haven't seen you do it for bit, until today, ramping your other shares on the wrong board, it not cricket.

indeed, but have we heard about the court case yet re invidor? if that goes in their favour would prob tick up on that.

for me sticking to my new golden rule, I haven't topped up from my low average. Swore I'd never do that again after the SOLG shenanigans.

As such I don't have as many here as I'd like but with a 1.6 ave I'm happy to let it ride for the longer term

and re your comment
"So how do you get $2.8bln finance done based on just 85% interest and a free loader on the other 15%? "

I'd say fairly easily based on the resource figures and with majors on board and NM has said so himself.

Obviously would be cleaner if we had CGP's stake, but without it doesn't stop it happening. Their costs will have to be paid when the time comes.

3 years ago

shocking decline but the BOD don't seem concerned?

Whats are other peoples averages here?

we were 90p I think about a year ago.

50p not too long ago.

Director buys at 15p didn't help, but apparently its all he could get in current market, with the argument being they need cash so they don't have to accept any low ball deals.
You could be right re info not as good as they thought, OR could just be taking longer to get the info.
Hope its the latter.

You also said CGP could get funding based on their 15% stake? think this is very unlikely indeed tbh

you said it was common sense the other day re your opinions.

I strongly disagree that the government will go straight to BHP as this would not be possible. not to mention illegal.
We are the majority owner , not BHP>
Think your getting carried away a bit on the doom and gloom scenarios.

doesn't seem to much discussion about the shocking drop in SP.

new investors on this BB, or is anyone still here from the 70p plus days?

well with a director purchase at 3.85p, he is hardly going to raise cash below that level.

ludeck,

Thanks for correction thought it was 70/30, got it the wrong way round.

Just goes to show even a 30% stake in a world class asset can reap rewards.

No wonder NM wants the CGP stake, they have basically stated its for sale in not so many words, so whose buying it?

Guess CGP are biding time, hoping there stake value will much higher by the time they owe us, prob with that for CGP is that SOLG have first refusal at a bargain price if they can't come up with the money they owe.

Shares in SOLG and money in the bank, or the risk of going under, as their stake in ENSA seems to be all they have currently.

of confidence, director buy at 3.85p

This gets better and better

Hold for gold IMO

exactly, and there was the trouble in Turkey brewing at the time.

Marl owned 70% if I remember correctly, which get to show re the CGP situation, resources are still sold without full ownership.

Obviously it would be better if we did get the CGP stake, but if they are not budging what can we do about it, other than the lockdown on progress?

In a recent article CGP stated how selling their stakes is what they do rather than pay the high costs of drilling and development, so why aren't they doing that here? well maybe its coming?

People have differing views usually linked with the outcome they favour
None of us know yet what’s going on

Guessing game really, and frustrating

Although most of that may be true, I disagree that it’s common sense and that you have the reasons and outcomes of the delay correctly guessed.
No body knows what’s going on.
I also believe it’s to do with the CGP situation but it may not just be that.
It could be a third party is on talks with CGP for their stake
It does seem to be a game of patience between CGP and SOLG
One could argue that SOLG is well within their rights to hold back SP with lack of progress until CGP situation is concluded
Why would SOLG want the value to go up before this time?
However how long can NM stall before he says fair enough let’s crack on and you will have to pay what you owe when the time comes
It’s certainly in CGP s favour for the value of ENSA to rise based on good news so their stake increases in value.
It can’t go on for ever though, and some one will have to crack in the stand off.
My guess is it won’t be NM

If NM was sincere about taking this to production and he was getting very close to getting the funding he has mentioned, then maybe majors need to step in before he gets it.
I hope this is the case although there is a chance that the delay/lockdown is solely as a result of the CGP situation.
Guess we will all find out in due course, probably sooner rather than later

that they become the biggest drug discovery company in the world, from the last presentation.

They had better speed up a bit, not heard anything for over a year re a new molecule.

So you wont be selling any then

two pounds is bonkers

indeed, but lets start with one in the bag first