Member Info for HotShot69

Hmm... 0.284 to buy now... moving up?

Will be very surprised if the II's here let the BOD take it private... they can easily block it, so will they? Price is about a quarter of what it was... so they cannot be at all happy with the situation!! Pressure must be building on the BOD.

Damned if you do... Damned if you don't? If he hadn't bought any... people would be asking why not... what's wrong with the business?? Nothing, as far as I can see... turnaround in play. If any offer did come in now... he'd be squeaky-clean anyway… so not ruling out a predatory bid... we shall see!! :) GLA.

Imagine the BOD are happy with the SP falling like this! All this £7.20 bid cobblers isn't helping either... it's a good, strong, debt-free business, so this should start heading North, IMO... just patience needed. GLA.

Yes, I use iweb too.. Would recommend them too. I've always found them fast, efficient and of course cheap too at only a fiver a trade.. Reliability is important to me and they never seem to be down for any period of time.. Which is positive. GL anyway.

Mr Calm...

EXPECTED TIMETABLE OF PRINCIPAL EVENTS*
Notice provided to the London Stock Exchange to notify it of the proposed Cancellation
Friday 17 May 2019
Publication and posting of the Circular and Form of Proxy to Shareholders
Monday 20 May 2019
Latest time and date for receipt of completed Forms of Proxy in respect of the General Meeting
10:00 a.m. on Tuesday 11 June 2019
Time and date of the General Meeting
10:00 a.m. on Thursday 13 June 2019
Expected last day of dealings in Ordinary Shares on AIM
Thursday 27 June 2019
Expected time and date of Cancellation
7:00 a.m. on Friday 28 June 2019

But, it's a win/win for my thinking... offer comes, kaboom... if not, this should recover pretty soon to five pounds plus! :) Seems a no-brainer to be purchasing down here. GLA.

10 quid, before the FCA investigation... now investigation closed, with no action, but only worth a quarter of what it was?? This should rise back up again soon enough! :) GLA.

Way to go before delisting... plenty of time for a recovery... of sorts! They have to get a large majority to vote in favour... and that's not easy, with big holders in play. GLA.

Just had a chance to watch it.. they seem genuinely enthusiastic about Iconic... so let's hope they acquire those contracts! All sounds very promising... and profitable! :) GLA.

Actually... that's only part of the placing... if you see what they say... they need approval for the rest!

"It is intended that up to 42,820,000 of the Placing Shares will be issued and allotted following close of the Bookbuild pursuant to the existing authority of the Directors to issue and allot Ordinary Shares free from pre-emption rights (the "Firm Placing Shares") and that the issue and allotment of the remainder of the Placing Shares shall be conditional on the approval of certain resolutions by the shareholders of the Company (the "Conditional Placing Shares") which will be sought at a general meeting of the Company, details of which can be found below."

Nope... unless the SP takes off exponentially on the rumour... and they have to issue a "speeding ticket", or else confirm it... we are expecting contract news generally, not sure one for 10m, but hey, we'd all take it :)

Short.. But not so sweet! Seems the KME relationship has soured somewhat. No drilling yet. Not great...

… and if he fails, we can get the Aussies to hang him upside down and rub him to death with sandpaper... they like that too apparently! :) Don't believe he will fail personally... arise Sir Dave.

WA... what do you need this to get back to, if you don't mind me asking, for you to break even? I'm assuming it's very much North of here? With a good FO deal, for conventional, and subsequently unconventional... you would probably be ok. Just need that red dot... and good news! :)

Placing at 0.3? Hugely disappointing price... let's hope they get good drill results, else this will sink! GLA.

Steep indeed... it's presently 0.748 to buy, with Halifax. If you're getting 0.8, I would not be too happy to accept. Still.. if the FO comes to fruition, it well be cheap on either option! :)

They did... but it was just a management change... the real corporate update we are waiting for, is that mentioned in the Financing update... namely:

"On an operational level, we are very keen to update investors on the progress of the new business since the Iconic Labs team joined and intend to do so as soon as we have resolved certain unforeseen legacy issues. With the support of HGOSF and the new team, these issues are very close to being resolved, so we anticipate a full operational and business update in the near future."

Like to think, there will be a corporate update after hours today... or Monday morning, in relation to Iconic development? Lest, what is the Turner Pope evening likely to be able to discuss? Surely needs some meat on the bone prior to the meeting... one would hope! :) GLA.

Make of those what you will... but water HAS been isolated successfully, which was the whole point of this exercise. I expect the well to flow commercially in due course. Purchased more today. GLA.