Member Info for gus0

Close today is actually 1.35/8% increase. LSE always get it wrong. Good solid day, all the sells absorbed. Good foundation to start on Monday.

I suspect we will have at least 1-2 RNS next week, news has to be on the way soon. 2p Monday with habit of luck and then onwards and upwards.

No smoke without fire.

RNS inbound soon

POC - Its all ok, don't fret. I have a lot here and know a lot so if you are invested don't worry.

If not invested- fuc* off

Now where is that Malbec.......

All is cool POC, don't you worry about it.......

I have 1.5 % and a bit of the company and am sipping on a large glass of Malbec right now.

Good luck holders, patience will reward.

POC- The company has no obligation to drill a well by the end of this month stupid....

Paperwork is all ok with the FI, its sorted. The company does need some more cash though and if you actually read the RNS of late then you will see the board are planning a part development of our asset, which means part CAPEX.

Trolls have arrived.........

licences get renewed as a matter of course, funds in the bank is the main thing.

Perhaps finally we have our farm in from across the pond.

Tomorrow will be interesting

Well folks an interesting day, nice little bump up but a billion miles from where we should be and could be. Interesting timing today given their need for extra finance. I get what poodle says in regards to raising the stock price to reduce the dilution, however why would you get an investment house who specialises in oil and gas investments to invest in 15 million shares if there is a raise imminent that would immediately create a big loss for them?

More likely is that our new holder has got wind of something and wanted in, sooner rather than later. In addition I suspect the 3% is breached already upwards. Wait for the next RNS, could be the one all.

Good luck long termers (and newbies)

The art of manipulation can be seen easily today with our stock. Its been going on for a while and real strange.

All the big buys well above the ask, but they keep filling a small amount for sale, no more than 50-60k to keep the book low in order to fill up on the bid side. Lack of volume is enabling this, but I think its running out of steam with cheeky low bids.

I think this stock is on the move up very soon , news en route any day and hopefully its bloody great.

Recoverable asset value for BOR is now USD 41 Billion (Darwin East and West only)

Bor recoverable asset value has now touched 40 Billion Dollars without consideration to high impact and probable finds within our license.

Bor current market cap- 4 million dollars

Not much more to say really........

Yes all a bit strange at the mo, one thing I noticed was 2 very different comments on the same subject in their last RNS

1." It is likely that additional funds will be sought before the end of January 2022"
2 "the Company intends to secure additional funds by the end of January 2022"

In the main report it's a maybe but at the end it's a defo, strange and if intentional- unprofessional.

Borders also do things normally well in advance so to be so quiet with ten trading days left in the month is real
weird. Could it be......

1. A sale is being negotiated ( wishful thinking probably but you never know)
2. A farm out is being finalised ( again hopeful but also possible)
3. A fund raise is proving difficult, with little to no interest and too low a market cap (possible)
4. An urgent acceptance of a previous buy out/ farm out offer is now being accepted due to number 3 (possible)
5. Alternative finance offered, bond offering, loan from chairman to cover wages until the en route offer is signed (maybe)
6. None of the above (probable!)
7. My gut feeling-Number 3 for some weird reason

Anyway lets hope for a good outcome!

I don't think they would discount it that far, the very best they could hope with would be an offering at half a penny bringing enough in at 2.4 million £/ enough to pay the wages and keep lights on for a couple of years (possibly 3 with the money in the bank) (Doubling the shares in circulation) Or they could issue a billion new shares and raise £5 mill and dilute our holdings by nearly two thirds. However this would cost our Harry dearly as well who owns 26 million and Obee 10 million.

The board surely must have a plan for D day, something that was in the bottom draw for the very real prospect of waiting for investment taking an eternity and subsequently running out of money. They have been well aware for a long time, something must be in the bottom draw waiting, albeit at not the best terms.

Harry a billionaire could raid his piggy bank with an unsecured loan with a reasonable interest rate to keep the lights on, wages paid for the foreseeable.

Worth noting, there isn't much heavy selling or buying for that matter which means that the big boys aren't here spiking the book to exit the door.

All will be clear soon!

But if a cheap sale, like I said before- Would the big holders accept at such a loss? The board are great geo's and explorers- just very poor sales people.

We will all find out very soon

Geo, they may have no choice but to sell cheaply, its a bit late in the day now to have any upper hand in negotiations. The company are out of cash and it will be extremely difficult to raise at this level, therefore its another form of finance, a farm in or a sale. I just don't understand why we would have a farm in if honest, why would the farmer stump up a repayment for past costs (which are very high) or even a contribution towards and a free carry in exchange for 60-70%+ of the asset when they could buy us outright and own 100% for probably 50-60 mill. Simple maths and common sense leads me away from this conclusion even if it is the boards' desire or apparent desire in their RNS releases.

I personally think a sale, the board are getting old with Harry now at 75 years old and Obee at 64 years of age nearly, these guys probably want to do something else by now and cannot continue kicking the can down the road because the road is nearly at an end.

2 weeks left to end of month. Come on Bor, Brent at nearly 85 usd now and rising quickly. Darwin is worth an absolute fortune, sell this thing or get the farmer in now.

Exactly Geo, silence on the streets of London. City boys are the first people they talk to for a discounted offering, I also think there would be little to no interest at this level as the discount in £ wouldn't be big enough. Blimey we are half a penny to zero as it stands, basically valuing our multi billion pound asset at nothing.

Our asset is highly sought of and in huge demand right now, if we can't do any sort of deal now then we never will be able to. I still think this will right itself and in my experience value is always realised in the end.

I am not sure the big holders here will stomach 10p per share when they bought 50p+

I would take 10p though, because my patience is a bit shot plus its bloody boring .

yep interesting as Geo said, no sniffers for a raise in the city cause they are the first to know about a discounted offering of course..... In any event would they take it anyway? So slow in progress here, it really is and my cash is getting itchy (what's left of it, but it does want to be reunited with the other part (losses).

50 mill and call it quits board (GBP PLEASE)

Will return about 10p a share.

Asset that we own is roughly worth 40 billion USD before costs (£30 billion sterling)

Ummmmmmmmmmmmmmmmmm and we own all of it with no debt!

Sell up is my preferred route now, too many years gone and too many in front for divi's at least.

I am up for the nuclear option to appraise and develop ourselves, or just sell but forever seeking out a farm out is now unrealistic and doesn't make sense with a M Cap of 3-4 million squid. Why would anyone invest a billion for approx 70- 75% of a huge asset when they can have 100% for an extra £50 mill-£75 mill piggy bank cash....

We will see and see soon I think.

Raising at this level to pay for wages won't happen.

SOLD

Shortly I think

I don't actually see any new exploration in the Falklands for a long time if ever, I can see both RKH and BOR assets being developed though, initially in a micro way with low carbon footprint. I think ARG is toast unfortunately and a hugely speculative buy based on being next door to RKH licence area and the hope that their asset runs into their playground.

Good day here though for a change

Market cap is just too low and has been for a long time. Half a billion barrels recoverable liquid gas, 100% owned and no debt.

Low ball offer probably incoming rather than farmout I agree.