Member Info for G_G_G

I've been surmising this as a major issue for the project for some time now. Do you think a project like this would have any issues being built if it were in Australia? It makes me furious that the poorest nations on the planet have people like the Nguesso's running them. There's corruption everywhere, but the scale of it in the poorest parts of the world is truly depressing. Sadly for us to get this project off the ground the Nguesso's will need their palms greased, along with a bunch of other corrupt African pr!cks. And so the problem goes on.

Jesus look at poo. What the hell is required for us to move? We're a producer for god's sake. I'm starting to think I should put even more money in here. If only I trusted Graham and Majid more :) Our time must surely come. GLA

Agree Jackbal. Graham's holdings haven't involved him parting with too much hard earned cash. Best not to talk about Majid and his holding. Having said this, one can see that Graham is a shrewd and sneaky operator. From my pov, providing Graham delivers on his promises, I don't care too much as to whether I trust the guy. GLA

Hi Duster, best we don't talk too much about James @ Camarco or James @ WH Ireland for that matter. I spoke with both of them during the last inside trading episode. Both assured me they had spoken to mgt and they knew of no reason why the sp was retreating that morning. I then went into a series of back to back meetings that afternoon to come out and find the sp had cratered and mgt had released an rns just before the bell saying they had a duster. You can see why I don't have a great deal of faith in mgt. They could have suspended trading knowing full well they had a leak. Instead they allowed trading to continue whilst their nomad and PR arm were saying there was nothing wrong. I'm guessing a lot of IIs managed to get out on that fateful day. You can see from my previous posting how this story played out. I ended up taking a £70k hit on this share, but thankfully made it all back and more via HZM and ARS. I'm now back here with 3.5m shares at roughly 4.65p average, which makes it my second biggest holding. I'm counting on them having told the truth about their new acreage and delivering on the many big promises they've made in the past couple of months. If they do this then we'll have a 2-3 bag in the next 3 or so months (providing poo is $45+). But to say that I trust them...? Like I say, it has to be earned.

Duster, if they can deliver on their promises I'm quite confident the sp will be beyond 7p by Xmas. I've bet they will deliver for no other reason than the market will see them as snake oil salesman if they don't. This is the second time they've come out with some massive statements. The market needs to see some results before it decides they can be trusted.

I keep asking this question, does anyone know when we can expect a financial update? Or at least another operational update?

Trust is earned in my book JAdam. These guys have a great opportunity to re-build the trust of the market through some action, not words. If they can do this the re-rate will be swift and strong. But action is required first.

Couldn't agree more Austin. Don't get me wrong I wake up every morning to see if the f/o rns has landed. I've got 3.5m shares in this company. My point is the jury is out on mgt. They truly f@cked things up in the North Sea. However their foray into Canada looks like a very shrewd investment. But the fact is no-one trusts them enough to buy at more than the recent raise price. So they need to prove to the market they can be trusted. Mirabaud can say whatever they like. It's the numbers that come from mgt that matter most. Plus, whether they can deliver on their promises. These guys have made a lot of big claims in the past that haven't come to fruition. They're now talking of further acquisitions, strong fcf delivering a substantial dividend, and an imminent f/o agreement. In other words they have made some more massive claims. It's now time they start walking the walk. Yes they 'appear' to have done some good deals, but to date all they have done for PIs is to dilute their shareholding, whilst helping IIs and themselves with some free warrants. They can pull that **** just once. They do it again and they'll be seen as charlatans.

JAdam, I truly hope that Graham and Majid read this board. To date they have shown a genuine lack of regard for PIs and instead looked to further the interest of IIs and themselves. If they want the retail investor to get behind them they need to start proving this company will deliver a good return for their investment. They need a wholehearted focus on driving the sp. This will in turn build confidence and release more money from the market for acquisitions in future. GLA

Brent breaches $46.5 and i3e goes backward. Gotta love this share. They really need to sort the f/o or at least give us some numbers. Got the feeling they're holding back on releasing news. Not sure why though - you can never tell what our greasy mgt team are up to. GLA

It really would be nice if we saw a move in our sp alongside oil prices. Really think we need a f/o on decent terms or some solid financials being released to move the sp. Does anyone know when we're due to see financial results? Surely it can't be long..

BOOoooM, I think you'll find a few people have been bitten by this share when mgt missed their drill targets (twice) and there was insider trading (more than once). I was one of those people bitten, and lost £70k when I sold during the pandemic. Made it back through other investments and back here again at a much lower 4.5p average (sucker I hear you say). Fact is, if mgt don't live up to their recent statements and commitments the market will punish the company and they will quite rightfully be seen as dishonest and lacking any integrity. I'm banking on them delivering this time, but it will need some firm results before the market regains its faith and the money starts pouring in again. I'm quite confident we'll have the f/o before the end of year, which will drive the first re-rate. Positive financial results will drive the next leg up to 10p+. We don't have long to wait on both fronts so hopefully we'll all be a lot happier here very soon. GLA

Not me fellas. I'm waiting for 8-10p before I start top-slicing my 3.5m shares. With a good f/o and a decent poo tailwind I'm thinking we'll be there in the next month.

I wonder if we're going to start getting some fomo buying soon? Mgt have clearly stated they're in f/o negotiations, and gone so far as saying they're finalizing details. I'd be surprised if we don't get a significant jump on average f/o terms, so somewhat surprised that we're not seeing some buying in anticipation of news. Looking at ARS, which I recently left to build my stake here, they've seen a solid 30% rise recently. We'll know when fomo has started kicking in when we see 10% jumps on a Friday to be sold back by Wednesday and then repeated. GLA

SF waiting for shares to grab. Problem I have is if he fills his extra 4m quota and the sp doesn't stay above 5p for 4 weeks then he can't cash in his 5m x 3p warrants. We need this £150k to keep the lights on. The ideal situation in my mind would be the sp sitting in the 5.5-6p channel, and they do a £250k raise at 5p (taken up by SF), which then triggers his 5m x 3p warrants, releasing £400k for 10m shares (or 4p average for an extra 2.75% of the company for SF). This keeps the lights on for Q1, results in very little dilution, and all the shares go to our biggest shareholder and board member. Just needs some PIs to start investing a bit more money. Thing is if you're a PI and buying at 5p it means that SF has to accumulate at a higher rate, but also means the options come into play.

If i3e finally gets its f/o then I'll definitely be doubling down here. The de-risking that has happened of late is pretty significant and I do believe this is an easy 3-5x over the next 6-12 months (depending on whether we get partially or completely bought out pre-FC). GLA

Same extrader, only top slicing for the team :)

If they move the bid to 6p I would consider top-slicing my holding. Easy 20% here for the traders.

Tell them to try harder Chris :)

Yep but if SF is the only one buying it doesn't help our cause. The issue as I see it is most of the buying volume over the past couple of weeks has been from him. Unless PIs join him to provide a more stable and higher base the sp won't breach the 5p requirement to release £150k of warrants funding. I wish I had of topped up in the 3's as it would have helped our cause and make me some money. If I was SF I'd sit back and wait for the market to start absorbing some more shares before going on another buying spree. Let the sp drift back to low 4's if necessary, allow some PIs to get in / top-up and then go again. We need 5p average over 4 weeks. We've only had 2 days trading at that level to date. Of course some good news would go astray as well. GLA

Hi extrader, on re-reading my take is SF gets his warrants triggered by the SP being above a certain levels over a 4 week period, or a capital raise of £250k or more at the same level (which he can still participate in). As an example: his 5m warrants @ 3p are triggered by the average sp for 4 weeks being above 5p, or a capital raise of £250k or more at 5p. So thinking out loud, if the sp stays above 5p for the next 4 weeks he can cash £150k of warrants. Another option is they push the sp closer to 6p and then do a raise at 5p of £250k (5m shares). You could get SF to take up the £250k raise @ 5p in it's entirety, and then he still gets his 5m warrants at 3p. So they will have effectively raised £400k at an average of 4p for 10m shares (or circa 2.77% more ownership for SF). Again a clever way of raising enough cash to get them through Q1. The upside to shareholders is the sp has to stay above 5p, and more likely around 6p for this to work. SF buying another 4m shares will of course help this cause. It's also not hard to imagine that some good news will lift the sp enough that other warrants could be triggered to easily raise more money.

So to my mind the new floor is probably 5.5-6p. Happy to hear other's thoughts on this.

Hi extrader, I must have missed that in an rns - What's your take on it?

Given the relatively +ve oil price it would be good if they can tie this up now while everything is looking rosy for the future. Who knows what will happen next, asteroid, aliens...