Member Info for elir71

How much finance, for which projects ?

By not raising finance respecting the premption rights of existing shareholders then that means diultion for you and the rump of the lesser risk harvest being reaped by buddies of Henson, of which I am most certainly not

We are the company, not the executive - they are our employees.

Bergen's investment horizon was about 2 weeks as I recall

If you want to see some manipulation look at #TOM share price on 30 min intervals. Either the bid or the ask is held constant, a large opening spread to a cycle is gradually reduced through the cycle until it meets , then there is a movement. Low volumes and news imminently expected. It is a similar pattern on #ALBA too, though less well defined.

Do I think MMs may (or are in the process) try some tree shaking ? Usually a reliable indicator is the popping up of at least two derampers on here during the cycle .

At current oil prices assuming 500 bopd 365 days a year
revenue = £6,752,500
For the sake of argument imagine there is no cost of production
Alba's interest in Horse Hill = 18% x 65% = 11.7%
Alba's share of sales revenue =£6,752,500 x 11.7% = £ 790,042 per annum
(again we assuming that there is a zero production cost)
#shares in circulation 6,198,000,000
earning per share = £790042 / 6198000000 = 0.0127 p

rule of thumb P/E on this sector 17

impact on SP = 17 * 0.0127 p = 0.2159 p

ok ... i correct my last post on the matter

Nookie don't worry about HH it's effect is only +/- 0.01p
It's already a total write off in my head

Be clear... As investors, we are owners, to which the executive are accountable. Never forget what you are.

i wonder if the morning will bring some late reported trades ? when the high spread low volume scenario has played out in the past, then a few chunky and invisible at the time trades reveal themselves.

Are we expecting news on the last modules of the processing plant soon , like, very soon ?

Ah my grasp on satire is greatly diminished when multitasking.. My bad

https://allinvestors.co.uk/

On from my concerns yesterday about sidelining existing private investors, here is a link to a petition seeking to address the erosion of shareholders pre emption rights

yes i factored in Petroteqs cut and a guess as Quadrises

1.1 for 6 days triggers an accelerator compelling exericse of some .55p warrants ?

Im expecting the FEED report on the POSP 500 on 26 Feb 21

yes I expect it Friday ish
Petroteq are quite good communicators in this respect

Bear in mind that this plant is 500 bopd
The planned plants are 5000 bopd each, 2 of, and will cost usd 180,000,000 with a projected pay back period of 2 years.... So if it all works out then after it's paid for then in 3 years time tomco could be making about 30 m usd a year.

But we don't know if it works yet.... Yet

I wouldn't bet on those being investor sells.. Must be close to breaking out

I've seen this pattern before.
The raw market data is simply a trade, it neither assigns it as a market maker sell / investor buy or vice versa, so it's the sites that assign investor buy or sell generally based on the trade price versus and half way between bid and offer.

Larger spreads tend to dampen volume, however I've noticed the day following such large spreads late reported significant trades and is usually a precursor to a sp movement.

Yeah ... positive news shouldnt be saved for pumping up the out for placings

they preserve value and influence of existing shareholders.
I've found placings expensive ... what a massive discount on shares was given to Bergen !
I've followed the companies they've supported on the AIM makes an interesting read.

Why do you think that a rights issue would bash in the market cap ? Its simply asking the existing shareholders if they'd care to buy some more freshly issued shares ? If they dont then they get a share premium as either open offer investors or underwriters (the expensive bit) pick up the shares.

The capital is raised ... so how would that adversely affect market capitalisation ?

There could be spin off companies //// JV etc to develop some proven assets ... we as existing shareholders should be first in the queue for them

Of what relevance is the nationality of those who may get preferential treatment as investors ?

I would urgue you , as existing shareholders who have stuck by the company through uncertainty to assert your rights as owners to prevent the executive from enroaching on the value that you should expect vis a vis rights issues with the premiums that may be paid even if you choose not to take up those rights.

At least with Bergen, you could buy the shares they dumped at a discount a few days after placing.

I'm expecting the FEED report on or by 26 Feb. It will be heartening to hear all is well with the POSP restart soon and that suitably prepared samples are on their way to QRF