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Quite simple, like yourself, the asset is underground like most oil and gas, they will sign a PSC with petros who will pay for the privilege to drill on sarawak
Surely some news from the bod regarding last weeks asset buy out, whether true or false, should know by now. As usual Comms from bod pathetic
No one's paid 140m or 53m.
They're not, it was a con
Shaml, clueless and FOS, upl aren't fracking and the north sea licence has been left to rbd to sort out being the majority holder.
10p, values the whole resource at 50m quid. Think that will be rejected by bod and major holders. Could be wrong, maybe they've all had enough and want out at any cost.
1 BN tonnes of high grade coal, should be able to get 250m quid. Approx 50p a share, cgo own 70Pc, so 35p, but wtfdik people selling below 5p.
Very interesting, can't wait to see what lab results come back with, could be anything. All I know is, it's going to massive.
With the recent selling, must have hit TiN rather than TiO.
Hopefully news soon
Very interesting, sinopec building a new refinery and gov building a new port within upl licence area, maybe Chinese gatecrash the Petronas talks and buy the whole lot for a couple bn Β£. I hope.
Yes, my buy, selling all my under performing shares and buying here. Defo multibagger. Appearing as a sell for some reason.
****EEE'S PITFIELD IS 10 TIMES [X10] BIGGER THAN SHEFFIELD'S NEARBY IN W.AUSTRALIA.*******
Is that correct ? Surely (40x8x6)/(4x1.7x6) times bigger
The elephant in the room. No mention of how they are going to fund the need to rent, equip and staff the RMCC in Florida for the next 2 years before they sell it.
IMO. One last cash raise required before we see significant returns.
My guess 50m new shares @ 12p should be enough cover costs for 3 remaining businesses
The 1:2 warrants applies to your shares after the 220:1 dilution
BigBang. No disrespect but when you say..
" but they are straight guys and I do trust their judgement"
A lot of pensioners invested in SXX (sirius minerals) said the same and lost the lot
And look what happened 38m @ 10p and no look in for us PI's
Buyer beware. Resolution 8 and 9. Giving the BoD the power to issue another 65m shares (50 %) at any price without them being offered to PI share holders first. Smells fishy. Last time 38m @ 10p to whom ? No TR1 so who made a quick buck ? Will be voting against.
I agree, maybe the John Lewis affect ? Still holding as will soon hear of year end divi
I don't believe a word they say anymore tbh.
Agreed d.monies, IMO, after FDA approval, TEK should make as much money as possible from Belluscura IPO and leave the current bod to it. Use the cash to invest in current/future prospects and return a % to current share holders.
Don't know if this link has been posted before, from 4/2/21, but worth a read as gives some indication of how long the FDA process can take. Don't panic just yet.
https://www.qualio.com/blog/fda-medical-device-approval-process