Member Info for euclid55

Thought ELE already had £13m net cash in the bank - so being sold off for £3.5m only - a nice move for the co buying us out, giving them a nice £13m odd cash - another AIM shambles Under the terms of the Acquisition, Electric Word Shareholders will be entitled to receive: for each Electric Word Share 3.93 pence in cash (the "Offer Price"). · The Offer Price values the entire issued and to be issued ordinary share capital of Electric Word at approximately £16.58 million. Http://www.investegate.co.uk/electric-word-plc--ele-/rns/statement-re-recommended-cash-acquisition/201706270705012215J/ ____________ _____________________________________________________________________ £13.9m net cash inflow from disposals, leaves the Group with £13.0m net cash at 30 November 2016 http://www.investegate.co.uk/electric-word-plc/rns/preliminary-results/201702140700067635W/

Canadian Overseas Petroleum owned this license before - no exploration drilling has been completed on this Block EG-18 ShoreCan’s licence under application is a large block covering 5,056 km2 . The area is highlighted on the map below. There have been no exploration wells drilled on the block but ShoreCan has identified an area of particular interest that is approximately 220 km2 covering a high amplitude anomaly which merits further investigation. ShoreCan’s interest in EG is driven by the presence of major geological similarities with COPL’s interest in Liberia. In particular, the stratigraphic level of the prospects found in Liberian Block LB-13 is the same as those prospective in the Equatorial Guinea Block EG-18. As with LB-13, the mid-Cretaceous aged Campanian, Santonian and Turonian stages show a meandering sand trend across EG-18 on far angle seismic amplitude maps analysed by COPL. Additionally, the seismic data also indicates that the trend on EG-18 is a “confined turbidite channel” that may have an updip pinchout which could be a possible trap for hydrocarbons as in the expected case of LB-13 in Liberia. https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2016_06/Canadian-Overseas-Petroleum---Initiation-of-coverage.pdf

The focus of the Company now firmly lies in the hard rock mining sector where supply shortages are becoming more pronounced. Despite evaluating over 100 acquisition opportunities, none met the parameters set by the Company. The directors continue to actively scour the world using their industry relationships to discover the Company's next acquisition knowing the difficulty even this strategic pathway entails." http://www.investegate.co.uk/spitfire-oil-limited--sro-/rns/half-year-report/201703210700060009A/

When a wave of ransom-requesting cyber attacks hit computers across the globe earlier this month, Leonardo SpA cyber-security experts had already warned clients that a larger-than-usual strike was about to hit. Now, the company is set to roll out a new weapon against hackers. The Rome-based defense company, which counts the U.K. Ministry of Defence, the North Atlantic Treaty Organization and Italy’s civil service among its 3,000 cyber-security clients, will roll out new technology this week to prevent ransomware attacks, Andrea Biraghi, managing director of the security and information systems division, said in an interview. https://www.bloomberg.com/news/articles/2017-05-23/leonardo-to-roll-out-anti-ransom-tool-after-large-scale-attacks

the Company also notifies that it has in issue unlisted 5% convertible loan notes representing a principal amount of £383,598.72, and subject to the terms and conditions of the loan note instrument, these notes are convertible into 2,131,104 new Ordinary Shares at 18 pence per share on or before 14 August 2017 http://www.investegate.co.uk/brave-bison-grp-plc--bbsn-/rns/rule-2-9-announcement/201705220812417741F/

Thanks for the reply.....I shall take a listen to the person you mentioned too Sounds all very imtersting....a good bright future. I recall new Ceo talking about looking into 15 opportunities....but wouldn't they cost us more funds to buy into these & develop them?

Thanks for your informative posts Nexus7 Out of interest does LGO own part of the below license - Southwest Soldado discovery? Or are you just highlighting the discoveries onshore near LGO's area licenses? The field has been dormant for 25 years and has not been produced due to poor infrastructure. The field is in shallow water off the Caribbean twin-island nation’s southwest coast and is just 6 miles from Venezuela. It is thought to contain 43 million bbl of proved reserves. Http://www.ogj.com/articles/2012/04/southwest-soldado-light-oil-gauged-offshore-trinidad.html Thanks Mr E

The Group ended the year with £7.1 million in cash and cash equivalents http://www.investegate.co.uk/brave-bison-grp-plc--bbsn-/rns/final-results/201703310700120986B/

Fuel cell specialist Proton Power Systems making headway Proton has appointed a financial advisor - BHF Bank Frankfurt - to seek additional international industrial investors for the company. “We are talking to many different corporations and something should firm up in the next six to nine months.” www.proactiveinvestors.co.uk/companies/news/177520/fuel-cell-specialist-proton-power-systems-making-headway-177520.html

nom

NPV10 of US$262-292m* = median NPV $277m / 1.28 = £216m / 381m shares 57p NPV/ share

Significant pipeline of investment opportunities in place; contingent on size of capital raise

£6m div by 2p = 300m new shares

Bod hold 38% so 237m in free float

"Commercial deals are under wraps for now, though potential partners were given a taste of what working with Slash Football could be like when it teamed with Teenage Cancer Trust to stage football tournament featuring YouTubers being electrocuted. Dubbed ‘An Absolute Shocker’, the video was live-streamed more than 280,000 times on the day" http://www.thedrum.com/news/2017/02/20/slash-football-monetising-content-escapism-the-youtube-generation

assuming their cash burn/ outlay has reduced considerably to the below "Cash outflow from operating activities has reduced by 46% to £4.5 million" Also if they had £10m from Jan 2016 & 31 Dec 2016 have £7m, this is approx £3m annual cash burn, but could be less due to lots of cost cuttings applied - so we could have 1.5 years cash left. Hopefully by then we would turn cash positive! Reading this section below from the YE results tells us why they used up large cash sums, now put to rest, hopefully anyway! "In turn historically this lower margin activity has required the deployment of very material, and unsustainable, amounts of capital. Curtailing these activities is the right thing to do even if the consequence is lower headline revenues. As the Group continues its journey from being a third party technology provider to being a social video broadcaster owning Intellectual Property rights, it will continue to move up the value chain, and gross profit margin should stabilise and rise" Amazing, £36m impairment charge back in 2016 "Impairment charge of £nil million (2015: £36.0 million)" Positive news below extracted from the YE Results: "The ever-expanding world of online video continues to present opportunities and with Facebook becoming increasingly interested in this space, there are likely to be new revenue streams available to those able to take advantage" "After several years of anticipation, in 2016 Facebook began to more publically embrace advertising around video on its platform. Whilst it is still too early to see how this will develop and how fast, the potential growth from leveraging Facebook's scale is huge, which can only be a good thing for content owners and advertisers moving forward. The Group continues to position its activities to take advantage of any future developments" ""SlashFootball" where we have now developed several formats that are attracting large audiences on advertiser friendly platforms like Facebook and YouTube. We expect to begin monetising these properties in 2017. This owned and operated content fits in well with our exclusive right to manage aspects of the video monetisation of 60+ official club sites on behalf of the English Football League. Football is the largest global sport and a huge commercial platform that aligns well to our territorial focus of Europe and Asia-Pacific, particularly in the run-up to the 2018" http://www.investegate.co.uk/brave-bison-grp-plc--bbsn-/rns/final-results/201703310700120986B/

Broker Forecast - Stockdale Securities issues a broker note on Brave Bison Group Plc By StockMarketWire | Mon, 20th February 2017 Stockdale Securities today reaffirms its buy investment rating on Brave Bison Group Plc (LON:BBSN) and cut its price target to 4p (from 9p). http://www.iii.co.uk/stockmarketwire/391652/broker-forecast-stockdale-securities-issues-broker-note-brave-bison-group-plc

what's your twitter address?

The purchase price payable at Completion is based on an enterprise value of €4,752,675 subject to working capital adjustment and adjustment for intra-group indebtedness, the net effect of which is that the Seller shall receive an estimated amount of €9,752,429 on Completion. Tullow 101 recorded a loss of €240,310,000 for the year ended 31 December 2015. As at 31 December 2015, the company had a net liability position of €47,771,000. Further financial information on Tullow 101 will be included in the Admission Document. Tullow Oil Group reported total revenues of $31.5 million from its Dutch assets in 2016. The operating expenditures ("Opex") in 2016 averaged to be approximately €25/boe in 2016 with respect to the Licences and these are anticipated to be ca. €21/boe in 2017. http://www.investegate.co.uk/hague-and-london-oil--hnl-/rns/proposed-acquisition/201704100700089969B/

Not yet...but thinking off doing so....will wait until we hear about investment funding news as per link posted am in SML - THR & MAFL