Member Info for EyeGuy

agree. patience though

agree with that. too hard to say what is happening with the warrants as we can never work it out anyway so I don't bother.

good morning O and W. Hard to say with the warrants because hard to know if Telaxis will flip them or look to increase their stake. All good anyway imo

No because likely they have been forward sold.

Odd to see a spread so narrow on an illiquid share. Happy to see where this goes

Hellooo ARCM- ;-)

happy with that too. product seems decent

agree with that. The BOD seem very happy with the CPR and as has been stated several times, the company is trading circa cash position only valuing at asset at 0p. Personally over the years on aim I haven't seen an asset of this magnitude valued at 0p. So its wait and let the market find the true value here

Buy anything even lol

Birdseye has a point though. And you also bought this share when they had �no oil� - that didn�t stop you buying it and then selling it. It�s a best estimate of course as you would expect for an explorer at this stage. The COS has been debated so it�s wait for the farm out. Thought you would like the AIQ comparison - folks but anything to try make money

doesn't sound 1 year away from that rns. folks were paying 20x cash on AIQ only last week based on a potential deal. Here it is 3 billion barrels of oil on a CPR and is trading below cash. A bit nuts but that's the stock market.

imo this has more to do with cashing in the warrants on the spike rather than anything bad. IMO pointless arguing different as the warrant shares providing an oversupply of shares for now. patience.

good post. all assets worth 0p here which is frankly ridiculous. lets see how this plays out. Nagy- you are well off the mark pal, apart from the comment about me being a smart guy of course lol

1 out of 3 is right.- I�m smart yes ;-)

this is down. nuts, nuts, nuts. holding and will add

well you said the SP would drift as there would be no news. And you said that yesterday. doh

Following the publication of the CPR, which has confirmed the high level of prospectivity on our Blocks, we feel that the time is now right to commence a structured farmout process. We have noted the improving investment climate for upstream E&P generally, and in particular the recent entry of major IOCs and NOCs into Namibian exploration.

the Company will shortly commence a structured farmout process, with the intention of future work on the block being financed by a farminee. Global holds an 85% working interest in the Licence, and is Operator.

its very good news. let the market digest this news. All costs paid by the other party too so unlikely any placing any time. This BOD move quickly and would expect news flow to be coming in now. Possibly are looking at drill later this year if rig available?

I�m guessing news within weeks now. See how there will be no dilution as the costs are going to be met by the other party. cash balance circa �5 mill. At a guess tullow are sniffing and we will be giving away 60% and a free carry on the 3 billion barrel target. If we get that I expect a 10 fold increase here