Member Info for flashgarden

Agree flombo. Imo the new company will want an early settlement to fund their drilling campaign. If an early settlement agreed then this share price will rocket because the funding risk will be reduced if not removed for early activities up to establishing jorc and npv.

Where have predator said they are 'going to fund MOU 6 themselves' ? They have said they are ordering long lead items to maintain the drill date while due diligence is completed by the funders. It may end up that way if the funders pull out obv.

Totally agree with davey comments.

any statement on here that says they are 'funded' should add 'till end of this year' or 'till they submit their application'. They are going to need funds to take this into the next stage of development. If they can strike a good deal with a partner then fine but if not then probably more dilution coming. What they are doing at the mo via recent rns is advertising/promoting the company in case they need to do a raise. Its part of their job so no complaints from me. But IMO they will be looking to arrange funding in some form or another by the end of quarter 2 or early quarter 3. All IMO.

Interesting that the RTO RNS was not announced until the company have decided to file the RFA and the decision by Ireland to exit the ECT.

LOGP seem well and truly out of the picture when it comes to potential Barryroe development. Goodman wants the lot.

How much money is ER and his green blinkers going to cost Ireland?!

The new company will be hoping for an early settlement to fund its drilling program.

I agree with that btw.Boldy is a star. He has had to negotiate his way through this whole saga and for a lot of that time he has probably been shaking his head in disbelief at the chaos that was unfolding about him.

I do need to take into consideration the teeny tiny matter of covid I suppose. At the end of the day these are the risks noone to blame but myself really. hopefully it all works out.

Hi Swizz,

I have also been invested in this company for many many years. I note that you only mention the dilution associated with the CLN's. Unfortunately the dilution started way before that with multiple equity raises and issue of warrants while we sat twiddling our thumbs waiting for the DECC when there was obviously an issue with our green minister. Then, since suspension, there has effectively been further dilution at rock bottom prices. I had deduced from your comments on here that you owned CLN's. I do not begrudge anyone that holds them . I just feel it has taken far too long to get to where we are now and the level of dilution is a direct result of the time it has taken. I appreciate it could have been much worse but i never really like accepting ' it could have been worse' as a justification. If we take that route then it is impossible to complain about anything because there is always something worse. I entered the period when ER started messing us about owning 1% of this company. Needless to say I am less than happy with the way things have gone. My main gripe is that it has taken far too long between there obviously being a problem with the LU/ER to get to yesterdays RNS.

Hi Spuddy,

Just a few points of clarification to manage expectations.

1. 100m is $.

2. In the case it was $100m, the company has been clear that once all fees, litigation costs, loans, etc are paid shareholders would get between $60 and $70m.

3. The way this RTO is being arranged existing shareholders would get 80% of that. 60m/70m. The other 20% would be retained by the new company.

4. For an early settlement , which is what most of us would prefer IMO to allow is to cash out and end the pain, you would expect it to be significantly less than the $100m .

Lets hope for an early settlement to take the sting out of it and to prevent the new lansdowne having to dilute us even more to fund their drilling program.

As an investor in blencowe resources (and I cant imagine any other development ticking as many boxes as they do) its a long and twisty road with graphite. Quality of product is everything.

I make it worse than that...and thats before we start seeing all the warrants! The cln's peed me off tbh but mainly because I wasnt involved.

But the truth is its more than 63.

I'm actually laughing like a maniac at my use of the word 'only'.

P83. why is the dilution for qualifying shareholders following consolidation and issue of shares stated as being only 63%?

What I would add is that if LOGP are excluded from the party and Goodman proves up more than the C2 estimates then Ireland better get ready for a hiked ECT claim. i.e. I do not think it would be prudent to proceed solely with Goodman without formally settling with LOGP. Also, I think Goodman would be foolish to lose someone of the stature of Boldy when embarking on a venture in which he has no expertise whatsoever.

I would expect an RNS either tomorrow or at the latest very early next week, not only to explain why the april 'expectations' have not been achieved but also to respond to the comments in the press re barryroe and political developments re energy security. These have potential impact on LOGP so IMO the company needs to respond and inform shareholders.

Https://x.com/DarraghOBrienTD/status/2049458110708711718?s=20

how do they accelerate the transition.

This is the angle collins is using to promote barryroe.

Not that I am supporting any potential valuations, whether they be hopeful, fanciful or realistic but the RNS explained why funds were raised. The company has to live in the present and that means that if it wants to progress drills and negotiations it requires funds. Someone who is expecting to receive an inheritance still needs to eat today.

And when it comes to negotiation , being desperate weakens your position. imo.

I understand that recent events have allowed collins to push some more but it is just taking so so long.

https://youtu.be/ahF0EUJHZa8?si=DZ-w0AAgPvc2GRe6

My main issue is that the longer it drags on, a select few are getting the opportunity to increase their stake whist the rest of shareholders are being diluted.

To complete this month they needed to announce it at beginning of april/ end of march.

they need to RNS, arrange a general meeting with 21 days notice, hold the meeting, then complete resolutions before they can start trading again. Only then is it ' complete'. So they have already missed the 'expected' April completion.

Obviously recent events may result in an 11 hour of 11th hours u turn. So understandable. The agony continues.

They are sooo doing a raise by end of june.