Member Info for Genghis15

I think, finally, it might be.

Ye gods.

Civil servants bad, soldiers good. Managers bad, medics good.
Has everyone been swallowing the Daily Express whole today?

Uniforms don't make ppl competent, good organisation and management does.

EMH holding is now 65% of our Mcap. Gotta move soon, imho.

Spot on, Captain.

"A placing is unlikely, the share price is too low to justify it and raise the funds required"

Pray tell us, where else will the funds come from?

Trouble is with this stock that when you want to buy you can only sell, and when you want o sell you can only get a buy quote....liquidity is a problem!

Not imho.

Not RBD's business model, Califoria aside.

I suspect BMD's info, if true, is of soundings of interest in prep for a sale post the upcoming well tests.

At that point RBD will have proved the resource, and would expect them to leave development to a bigger fish. Mb they would hold onto n=a small stake, a free carry, or even a royaly interest, but I can;t see them holding to production.

Post the Humber acquisition, RBd now hold a controlling stake here. Given the likely size of this, mb they see a partial sale as taking some reward now while reducing liability for future share of costs., and putting said cash towards those costs. It would make sense, I think.

I'm sure they would not be looking to sell the whole caboodle at this point.

There is another risk the company have not mentioned. The permit 4 gas flaring was for initial 3 years. Clearly the anticipated gas export solution is not happening, so that permit will need renewal.

With the growing anti carbon agenda in Whitehall, that is not something that will be as smooth as in the past.

Nobody is going to finace any other field delopments,. Lncaster FB has failed, and the limited resource means other fields are not going to be economic.

No takers for a placing, the co is in hock to the bondholders.

The math is simple.
$87m in the bank ; total $135m to drill new wells to increase production by 2022 , but by how much? And no clear guidance on how long current 12k bpd might continue without intervention.

With the bonds trading at c. 30c on the dollar, bondholders are also in a tight spot. But they hold first call on the company, so it is hard to see any value in the equity at this point.

The co have told you, plain as day, "It should be noted that there is a risk of dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds. Furthermore, if no agreement can be reached with the Company's stakeholders on additional investment, further development activity at Lancaster might not be possible. In such a scenario, Lancaster could continue to produce from existing wells before reaching the economic limit, the timing of which would depend on oil prices, actual production levels delivered and the level of cost savings achievable. The field may then be decommissioned, with potentially limited or no value returned to shareholders. "

A co that needs cash. Add the warrants and its almost a 25% dilution.

OIP is worth SFa atm, if the means to extract it are not in place, .

This is a huge asset, but don't delude into fantasy valuations.

Sorry, replying to the wrong post.

Y do you trhink there is a "seller"/

More likely bunch of ST traders taking profits.

I don't understand this constant borrowing against SFR shares. c. 10% upfront costs every time, to make investments far less certain than holding SFR shares.

Just hold, and wait, seems a better strategy to me.

They should do, tho looks like it will be after hours now.

Aurion

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027167

Why attack RNST for a simple statement of fact?

Nowhere can i find any referewnce to timescale, when will the mine open, and our royalties comence? Any ideas?