Below is from rns on the funding. How I read it it’s a bit more. Let’s see. Atb
Funds raised from the Subscription are intended to be applied to the acquisition cost of GSPC's PI, development of the Company's plans to undertake a drilling and testing appraisal program and the Company's working capital base.
Yeah, so Tranche 1 should keep them going until end H1, by which stage they aim to have enough revenue coming in to boost sp to Call price. Sounds like a plan, but yeah, won’t happen overnight- atb
Conger, I was in the car when rns came out. Rushing to the barber (where I never use my phone). Saw the rns only 12:15, nice increase on the day. Didn’t sell any tho to answer your question. Perhaps should have but hey.. we’ll done you for doing so .
Nice summary Jasper, how I see it also. As well the strong price increase for gas currently, and no immediate view it will change near term is positive. Patience guys, sit tight. Atb
Let them do so is my response. The ones in the know, with time to be patient, knows what lies ahead. Simply another opportunity to get in as far as I’m concerned. Agree it might slowly drift however if there’s no news. Atb
Way to go Gordon. Had a trip to Cornwall 5 years back or so, great part of the island.
Good to hear they talk with PIs, independently of holding. I didn’t request a call back, rather asked if anything they wanted me to provide any further info etc.