Member Info for gus0

Am a bit surprised at the messages, the board did tell us that they will probably need more cash on their full results RNS months ago. If nothing else at least they are up front unlike others on AIM, MATD being one of them. As for how they raise a finance, i am not convinced it will be more shares being issued. There are other mechanisms to raise finance, the share raise idea is deeply undermined with the current stock price. If they raised £5 million at 0.05p for example, enough for 5 years costs, we would have to issue 1 billion new shares. Harry personally would lose at todays stock price around a million pounds on his stock holding not withstanding the many millions he is down already on his original investments. Considering poor old Harry doesn't draw a salary, he wont be very happy. Also he is a multi millionaire many times over (assets in the hundreds of millions) and has big banking, finance ties. So my bet is that it will not be a share raise but a different structure that will keep us going until we get our partner.

I am not sure what the issue is really, oil companies have pumped oil from war zones before as well as remote areas like ours. If i were to hazard a guess, i think in the past the black stuff was more highly prized, for example that showed greatly when RKH found their asset and the price went through the roof but when we found our asset, the market was actually disappointed. We then had years of low oil prices, covid, financial crisis and so on. However things are a little different now and medium crude isnt the star prize but gas is.

Gas being seen as the transitionary fuel towards new greener technologies and likely to be used in great abundance for the
rest of 2021 at least.

In regard to salaries, old Harry doesn't get paid but does have a shed load of shares. He most certainly will not want dilution and the costs of the company are £1 million a year which is peanuts for running an oil company.

Is there a deal on the table? I think there is and has been for a while, just the board don't like it.

Will there be a final deal? I think there will be and quite soon, just not on the best terms but nevertheless terms that will
ignite the price of this stock.

My opinion of course....

I won't buy RKH at 4p let alone now, I don't like the asset for starters and the Harbour exit could be messy.
Here at Bor, I love the asset, shares in circulation and 100% owned.

My holding here is already large but I may just add soon, waiting for half yearly report first.

A bit worried about the cash situation, it would be crazy at trying a raise at this level. Would
have to double the shares in issue just to raise £3 million or so ( at a discounted rate),which
would buy us 3 years at their current drawings for the board. This would significantly dilute
Harry's holding and others including mine.

They need to do the deal now.

Half yearly report due from the board within this month. Lets hope something is churning, Brent at 77 usd and rising. Hopefully news tomorrow or after Monday, I really do not like a Monday RNS.

Not much has changed for me. Bor's asset is in huge demand whilst RKH medium grade crude isn't, especially given the location. We were never reliant on RKH getting the green light although it would have definitely helped with confidence, their agreement had holes in it from he very start with no expiry date to first oil. Hence why the saga has continued for years, at least Harbour finally did the decent thing and say what they have been thinking for a long time.

I think its a major problem for Argos now to survive but for us nothing much has changed.

We have a buyer in town, hoovering up the asks today which bids well for the rest of the week. Should breach the 1p
tomorrow ( crazy when we should be 50x that for reasonable value pre development)

I think out of the 2 assets now Bor is far far more attractive. Condensate as our asset, 100% owned and not many shares in circulation. RKH on the other hand, less than 40% owned and a medium crude as their asset. RKH bank balance a lot more but running out quickly with their high overheads, us well we are also skint but I really have a good feeling something good is on the way for this stock. Something I haven't sensed for a very long time.

Now or never with Borders, huge mind boggling asset with near zero market cap and few shares in circulation. IF we get that farm in, this stock will have the biggest re rate for many many years. Demand crazy high, prices set to increase further and a perfect storm is brewing.

Happy, we have it all but the problem is that nobody else seems to want it. Hopefully that changes soon, one thing I do know is that the board need to do something this year/early next.

They need to take that unfavourable offer which has been on the table for a long time, beggars can't be choosers.

Holding and waiting.

Just moving the ask down to meet the bidder, our seller will keep on doing this unless we have spot buyers and there are none.
The board need to make a decision soon, carry on in the same fashion that clearly isn't working, take the poor farm out offer which I suspect is on the table, dilute massively and go it alone or sell the asset.

For what its worth I am holding 6 million of these shares with a significant loss but I am not going anywhere. Holding and waiting, it will happen if you really believe..........

Agree, will move north shortly through 1p but lets be honest, its not very exciting is it! For what this asset has and we are stuck at 1p when oil is at 75 usd........ asset is worth billions!!

FID for RKH will transform this stock, when one does it -others will follow.

Total recoverable 462 million barrels, sold at 3% discount to Brent (similar to Alba find, which is the nearest API to compare to)= USD 34 Billion. Costs around 35 usd per barrel= Profit of around 19 Billion usd.

Crazy market cap currently.

Welcome on board, as you said this stock is at a bargain price but only if the asset is going to be developed. All eyes on RKH, if it happens for them it happens for us, Harbour will take us out as well and at the very least encourage others to invest in the Falklands. Oil is short in supply and new energy far behind, our asset will be needed for many many years yet.

Harry owns nearly 6% of the shares in circulation, I have no idea what you are rumbling on about in your posts. The board will find a way to fund and preserve good value for shareholders including their own shares. Either by way of farmout or other form of financing- there will be no raise at this level. Ultimately if neither is possible within a reasonable time, then the for sale sign will be go up.

Thanks for sticking your nose in Cyan. I hold over 6 million physical shares, I record all news and am well aware of the funding issues. Funding does not have to be issuing new shares and diluting current ones, especially at this low level. Harry is much more intelligent than that I hope especially because he holds many himself.

Hi Phil. I have been off the board now a long time but thought I would pop my head in again. My view on Borders is that nothing has changed, although things are a bit slower than liked but aren't they always?

Our asset will be needed for many many years, way way past our life times and the investment within the industry has been stagnant with dwindling reserves the world over. Our company is prime for takeover.

The board have a B plan, this will happen if the A plan doesn't- this will be very soon in my opinion.

As for funding, why on either do people think it will be new shares issued?

6 million and holding long and strong

Hello Scored!