Member Info for happysparrow

Yes, duster. This will be my strategy. I could have got in here at 104p the other day (dummy buy). But I had no significant cash to put in. Hoping to have some after xmas - and hoping that this one is not out of reach by then. Will wait for opportunity at up to 110p in the Spring. Could be lucky, but there again...

" Let's see how this pans out but I don't think we've seen anything yet tbh. "
Agreed - this should do well. A better bet than LBE, imo.

Thanks, NI. I watched the interview too, but formed a more cautious and critical opinion. Time will tell.

Yes, have clearly stated in my posts yesterday that i do not want to pay a premium above £1 to get in. My view is that the institutions are of the same opinion. As explained before (with possible example) I think a way will be found for the institutions to get in at £1.
But as a trade, well done those here who've seen a 30%+ rise.
GLA

Nuffin - but what price do you think these institutions will jump in at? They are not mugs.

I did so yesterday @.75p.
Punt on licence extension tomorrow.
Fingers crossed.

https://www.investiraucameroun.com/actualites-investir-au-cameroun/0212-15663-la-reconstruction-de-la-sonara-conditionnee-par-la-restructuration-de-sa-dette-evaluee-a-plus-de-700-milliards-de-fcfa

“? The first evaluations of the research firms which took an interest in this file put the cost of the rehabilitation around 250 billion FCFA. Negotiations are already underway with technical and financial partners who have expressed their interest in the rehabilitation of this refinery. However, the finalization of these negotiations remains dependent on the restructuring of the significant debt of Sonara. The government is hard at work to complete this restructuring operation and allow the gradual amortization of this debt, ?”said Minee.

https://translate.google.co.uk/translate?hl=en&sl=fr&u=https://www.investiraucameroun.com/&prev=search&pto=aue
“? The first evaluations of the research firms which took an interest in this file put the cost of the rehabilitation around 250 billion FCFA. Negotiations are already underway with technical and financial partners who have expressed their interest in the rehabilitation of this refinery. However, the finalization of these negotiations remains dependent on the restructuring of the significant debt of Sonara. The government is hard at work to complete this restructuring operation and allow the gradual amortization of this debt, ?”said Minee.

Thanks - so not entirely mad - a possibility then. Will have to mull it over, but would like to be in here at an early stage. With my luck I'll probably miss the boat. C'est le vie.

Thanks, duster.
Concern here is that he buys, say, 1,000 boe production for $20m; next day indicates to ii that he can do a larger deal for similar assets from the same company of 4,000 boe for a further $80m, and as it is no longer a shell, and he can demonstrate the assets on offer, the ii can invest - and hence will do a large placing of twice the $34m , and is raised at £1.
That's why I'd be concerned about paying a premium at this stage. These large institutional investors want to invest at the same price as the IPO but their terms for investment do not allow them - so a way will be found to structure the first purchase to let them in at the original IPO price.
Is there any basis for this concern? Am I missing something?

If I understood the interview correctly, the intention is to do a deal early Q1 - and then do a large placing/dilution to bring in some institutional investors presumably for the second deal in the latter part of 2021.
Is that correct; or is there a way he can bring these ii in on the first deal (e.g. perhaps as a deal in 2 stages, buying further assets from the same party)?

https://www.energymixreport.com/cameroon-to-import-120000metric-tons-of-lpg-in-2021/

Last one on this subject from me, and apologies for being off-topic:
From Dr Mike Yeadon, retired Chief Scientific Officer for Respiratory Diseases at Pfizer.
https://lockdownsceptics.org/the-pcr-false-positive-pseudo-epidemic/
Extract:
‘…The entire ‘second wave’ is supported solely on the back of a flawed mass PCR test, which at industrialized scale was never, in my view and the views of others skilled in PCR, capable of delivering trustworthy results….Until we end the use of PCR mass testing, there is no chance that “cases” will reduce to very low levels. Lateral flow tests must become the gold standard test for COVID with PCR only used for confirmatory diagnosis. …So, just one wave, as expected. The ‘secondwave’ of “cases” and even “COVID-19 deaths” are an artefact of flawed testing.’

Agreed, 3CB. The imprisonment of those in care has been a disgrace (it also applies to disabled teenagers too). I've also have an old family friend I have been unable to visit since March. Disgusts me as well. (In fact 'You disgust me' was my last polite comment to my MP.)

No, thanks. It's animals for me, as explained earlier. Far less grumbling.

Definitely not - you must be mad.
Not for a virus which 99.8% survive. Unproven rushed-out vaccine, inadequate trials, new gene-based medicines, Pharma companies have had liabilities removed, history of Sars vaccines causing narcolepsy in children - many hidden dangers. Nor will 40% of UK doctors be taking it: https://www.medscape.com/viewarticle/941492

Chuck - and try this on masks: https://thelightpaper.co.uk/assets/pdf/vc-moreharmthangood.pdf

Chuck - these people don't work in icu: https://gbdeclaration.org/
Nor does Nobel Prize winner Michael Levitt. Nor Dr Mike Yeadon, head scientist for research into respiratory diseases at Pfizer. Check them out - all far more qualified than SAGE advisers.
As you say, a little knowledge is a very dangerous thing.

Good luck, 3CB.
Not for me - I don't really understand it enough, and mining generally - but hope it comes good for you. Fingers crossed.

Yep, lots of research time spent on Covid. MA in Development Studies so always been a bit political. VOG only a pastime compared to what time I spend on Covid/Brexit. Have 3,000 leaflets to deliver in the next few weeks; so could be a bit quiet from me on here.
And then there's the animals I work with. My hopes are to build enough capital to buy a farm; then turn it into a sanctuary or Nature Reserve. So fingers crossed VOG bags 10 times, then put it in the next one to ten-bag.
Dreams! - they'll probably be the ruin of me.