Member Info for Flombo10

Great news and well done to SB. Without it ,lansdowne would have been dead.

Eareye.., the costs don’t come off their % fee, that’s their reward for risking their money and time . 30-40% payback is the norm. Accumulated interest is a different matter and depends on the agreement.

Donald,” I expect EOG & PRD would have to hold back on their own ECT options”

I am confused by your sentence as eog has a licence . What ect claim does it have ?

.. and make public.

Normally government approval process comes after the agreement between the commercial parties are made .

Very disappointed there was no RNS today as the market will be as good as in “ abeyance “for the rest of the year.

We might need a LinkedIn or twitter message from WH today to steady the price if our buyers don’t reappear.

Any slim chance of people voting to accept resolution 8 is now surly , thankfully buried.

It’s looks like just a repeat of the pattern we had on Monday and Wednesday .

Maybe but today’s pattern was similar to Monday except buyers more aggressive later today

-either 2 parties are transferring shares or a broker filling a big order cutely.

As the UT was for 2.24 , it will probably fall to 2.20 -2.18 quickly but it will be interesting to see if buyers remain aggressive or the manipulation pattern repeats itself again .

Interesting finish at 2.24, MM preparing for something ??

More repositioning in the background again today , my guess is Friday

I will be happy if they even only announce they have completely signed up a legal funder . With that we have a chance , without that it’s over .

Strange trading today . Large blocks been sold but price holding up as they are quickly bought up . Some sort of repositioning going on in the background. Could be an interesting hour coming up???

“ we have the litigation partners” - where are you getting information from

Gerry, well hopefully, there will be a cash element to the EG deal but still the company needs the flexibility to raise funds overall ( not just for bonuses)

They can do so fully or partially up to £1,918,368 nominal value ( 191.8M shares). So if issue price is 2p, they could raise about £3.8m from full allocation.

Also my reading re bonuses is that it gives the board permission to allocate shares for bonus over the 12-15 month period but does not specify when.

But that would stop the company raising funds -resolution 6 is an enabler for and/or resolution 7& 8.

Also as Serif pointed out , if they fail, the shares will be difficult to realise .

Yes,Tedc, this deal in EG will be transformational for EOG. I think we will have it before December 24th.

Serif , you are correct 👍

I don’t understand why some people are voting so early . We have until Dec 24th( 2024 according to to the RNS -lol)

Yet even now , I will definitely NOT be voting for resolution 8.

If passed, we could have a deal announced post AGM and within a few days , a private placing with institutions could dilute us by about 18%.

Resolution 7 gives them the important power to fundraise but not at our expense and more than likely at a discount to the prevailing share price .

I would , if voting right now, vote against the bonus resolutions.

If they had a conditional aspect ,like on a successful farmout , fine .

So to get my vote for your bonuses , need to see deal signed or a subtle but strong statement from WH before Dec 24th 2025.

Share price ticked up

Obviously getting things ready for the deal.

After quick look, I would be inclined to vote for all resolutions except Resolution 8 (non-pre-emption.as they can still raise money through a rights issue with Resolution 7.

But only in 1 direction