Firering Strategic Minerals: From explorer to producer. Watch the video here.
yes so that's $4m in cash or cash equiv
Brockham plus IOW say $1m in shares with much upside potential as well if these were sold for shares
Rest of HHDL say another $2m if that was sold again for shares
So Dor has market cap of $4m and obvious assets of $7m
If underlying shares increase so does our cash pot
So enough to get Kora flowing again, and drill a fishbones or two (in the areas that other Aus companies and operators are already looking towards because they seem to be realising that it is the side of the basin with greater potential?) and pay wages for quite a few years.
Why do you post twice? Is it to distance the posts which quite clearly show what you did first say from the later posts where you so deviously change your tune
Like below where you now say you didn't forget the shares ($4m worth) when it is clear you deliberately did because you were trying to spin a negative shortfall story which you didn't get away with. I've got more to do than spend so long catching you out. Why do you invest in exploration when you spend your time saying nothing will work out in such a long winded way and at every stage or before more likely.
yes but it has been very interesting to watch you wriggle
first you posted misleading words implying Dor had a shortfall of 200k. I pointed out that because you refused to admit it was misleading. This is what you posted - "just over £200k cash and wages are £426k with 3 directors on over £100k''
You for some reason (deramping IMO) forgot the $4m they can realise in short time and you forget further that selling Brockham could get ,say, another $700,000 and selling IOW for UKOG shares another , say $300,000.
Dor has more ready assets than many other ASX, AIM or ISdx companies. And if the 129m UKOG and 8.3m ANGS appreciate Dor will have a considerable cash pile.
So it is amusing you keep taking offence when somebody disagrees with YOUR assessment that there is a 200k shortfall 2xlol!!!
Anyway ATB. I might even recommend one of your posts just to keep you happy 2xlol
i think that's useful
1st time you implied there was shortfall with your cobbled sentence. Now you admit the presence of other assets which can be easily realised . So you then seem to change tack to pour cold water on those. Absolute rubbish that UKOG shares couldn't be sold over say a week and there be absolutely no effect. That's a fact IMO and if UKOG on the rise after they get the cpr (s) then it's a certainty there would absolutely be no UKOG fall if Dor disposed of the whole lot in 2 days.
Also don't forget UKOG reached 10p . 129m UKOG x 10p =
Angs reached 15p recently -8.3m x 15p =
exactly you are misleading shareholders
Does that sentence as you have cobbled it actually exist in the report?
You imply a shortfall of 200k directly IMO
You ignore $4m in easily convertible assets which blows your devious implications out of the water
IMO you always know exactly what you are doing as you constantly deramp
you know perfectly well what you were doing IMO and what about the gone in a year comment???
you implied the only cash or cash equivalents was 200k and THAT WAS WRONG - admit it
They have about $4m to call on and this has increased as Angus goes up
You are just plain tricky IMO
i was just saying your estimate of £200,000 was totally wrong. Are you going to admit that???
I'm not as pessimistic as you and if the new resource estimates and then drilling is successful then Rey will be able to source funds but you are right they need Dor now which is why Dor was able to get the great deal for 50% of their two licenses. I think it could get interesting as you say but lets wait and see
ATB
129m UKOG shares while still retaining 4% of HHDL
8.3m ANGS shares and still retain 10% of Brockham
that's about $4m
I think if any of us had gone to REY and talked about farm in we wouldn't have got a deal. To me it looks a bit like REY handed Dor half their MC
the tax payer needs to get the bailout money back. 100's of billions to put into clean energy security charged at 4% from 2008 . Evil flourishes when good people stay silent. The big landlords, crown estate etc have stolen this vital money and seem now to be saying 'possession is 9/10 of the law, see if you can get anything back off us (good luck because we have nobbled the political system with our supporters and puppets)
then get back the cheating bonuses paid to themselves by historically ignorant people IMO
think you answered it yourself. Sorry don't go in for agenda's (that's your operation here?) - seen too much, been lots of places, made friends across many divides. But i will say that it generally is the case that some people who go out of their way to be respectable or terribly well connected are often shown to be up to something
Unfortunately the only example of the thousands which springs to mind is Bernie Madov
penny was holding up Goldman as people who had a reputation!
Austerity and hardship was forced on us to save them (and others) and their dubious practices
Then in US taxpayer and Gov have enquiries to get to bottom of it and blankfein in particular seemed to have been media coached to raise an eyebrow or otherwise belittle the questioners - disgraceful
penny is the one who's nothing better to do than post negative stuff 5 times a day non-stop and really has to look at other companies and bigger picture IMHO of course!
On January 13, 2010, Blankfein voluntarily testified before the Financial Crisis Inquiry Commission that he considered Goldman Sachs's role as primarily market maker, not a creator of the product (i.e., subprime mortgage-related securities).[23] Blankfein testified once more before Congress in April 2010 at a hearing of the Senate Permanent Subcommittee on Investigations. He said that Goldman Sachs had no moral or legal obligation to inform their clients they were betting against the products they were selling to them because it was not acting in a fiduciary role.[24] Senator Carl Levin accused Blankfein of misleading Congress; however, no perjury charges were brought against Blankfein.[25][26] Nevertheless, as a precaution Blankfein hired Reid Weingarten, a high-profile defense lawyer who represented former WorldCom CEO Bernard Ebbers and former Enron accounting officer Richard Causey.[27] Two months later, after the publicity of the testimony increased his public status, he was listed as #43 on Forbes Magazine's List of The World's Most Powerful People in November 2011.[28]
Firm employment
In March 14, 2012, Greg Smith, a former Goldman executive, wrote a widely circulated op-ed for The New York Times titled "Why I Am Leaving Goldman Sachs", in which he heavily criticized the firm's top leadership and Blankfein in particular for sidelining the interests of the client.[29] Smith claimed that employees were promoted for unloading less profitable products on clients, for trading products that maximized Goldman Sachs' profits, not their clients, and trading illiquid, opaque products. Smith's op-ed was criticized by many, particularly because he worked at Goldman for 12 years before deciding to quit because of moral objection
from advfn euclid5
Also, if they now own their subco that owns the main licenses, then the rest of Oyster is pretty worthless - so pressume they have to become the new major s/holders & either keep it listed on the TSX Exchange or re list it in NEX / AIM "The future board composition of Subco is still under discussion and a further announcement will be made in due course" sound interesting - lets see what unfolds - IMO investors chasing ECO - good licences next to Exxon's wells - WTE stake in JHI's Canje Block in Gayana - Gun's cap £1m But Gun's may have to participate in any fund raising Oyster require to progress further work - although if they actually own 33% - farming down some percentage of this will be a good move - and a shrewed one alos - even if they are left with just 10% - considering the Oil potential there & past history
Penny market cap is half of assets. That is not Pump and Dump and perhaps you need to go and look at and invest in other companies and give us all a break here