Member Info for ifiknewidberich9

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Shares in Issue 13.88m

Market Capitalisation £624.78k

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In a statement by Chief Minister Sindh Murali Ali Shah , last week expecting more Thar Coal extraction by late this year, for both power stations and the cement industry, others in the pipeline. The Rail lines connecting Sindh Thar coal to those , wider Pakistan and Port Qasim, all expected to be completed October-December, with the mainline on track (oct/nov) .

Meanwhile, he's been having a pop at Islamabad and the PPP , for frustrating other Sindh projects, in particular its Green initiatives, Solar/wind/Hydrogen.

Other regions getting their budgets plus additional funds for such. Sindh not getting those extra supports and now Islamabad want CONTROL over its projects under a new group in Islamabad, he's demanding that be SCRAPPED and all put back under Sindh administrative control and development..

Think the words he used in one speech, was they are treating us like an unwanted step child...........

Be more than happy with that at say suspended 10p , 10 bag out of suspension at £1 but until some meat on the bones, its all GUESSWORK....

If the target company is worth £100m, that £100m is paid for by cash or share issue or a combo of both, they don't just go have it , with current share base.

If shell over inflated, the NEWCO (New name or not) will still hit the market as being worth £100m , not shell £50m plus target £100m = £150m , if the sp 50p and they decide (the 2 companies, not the market ) to base the deal on new shares issued at 10p.

You could come back from suspension with an enlarged share base worth £100m Market Cap and a LOWER sp.......

Hoping this one goes on the lines of a miner last year, suspended at 3.5p , share conversion/new issues at 5p , out of suspension roared to 35p

A nice little 10 bagger from suspension.

The acquisition of UPSA by Atlas (the "Proposed Acquisition"), if completed, would result in the Company's shareholders ("Atlas Shareholders") having a minority interest in the enlarged group

That's an AQ whole different kettle of fish, in an RTO the new enlarged NEWCO is completed after the small shell listed company combines with the MUCH BIGGER TARGET company. All the value is in the incoming company, not the shell.

Sindh Wind Farm-Oracle Power is a 500MW onshore wind power project. It is planned in Sindh, Pakistan. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. Post completion of the construction, the project is expected to get commissioned in 2025. (Buy the profile here)

Told all on COPL , Arty was talking out of his A R S E, when they started the ATOMIC oil and gas takeover, he stated , he has been reliably informed they should not have to suspend........

The day the deal signed months later, into suspension it went and as with all things ARTY , it then took 6 months to get all in order to return to market, things he had already had months prior to suspension to sort. Like Atomic , having no organised records, boxes of bits of paper (the accounts etc) Part of the FCA requirements is 2-3 years of records (not in a box)

AQ's you can get done without a suspension, full RTO's ALWAYS a suspension, two stages , as long as it takes to get the deal done by the two parties. The second, which is where the suspension mainly falls, is the RTO conducts the final two stages of an IPO, that part can be done in 3-4 weeks. The long suspensions are always due to the GETTING THE DEAL DONE , weeks/months/years (had 3 of them)

The later part is submission of a newco prospectus to the FCA, which IF all the paperwork is in order and up to snuff can take as little as 7-10 days, if not it will be ping ponged back and forth, until the FCA are happy with ALL the required details provided.

The last stage on prospectus approval is submission to the Market for approval to trade, that is listed as a mandatory 10 working days (2 weeks)

However , I have been in a couple who arranged provisional shorter dates, based on expected timely approval by the FCA, eg RNA update over rns news wire , that arrangements and agreements have been made with Mr Market for a as in one case a 17 day return date, provisionally granted to get both steps approved with an overlap.

So its not fully set in stone but without negotiation, its a standard if all goes smoothly 3-4 weeks for the FCA/Markets side of things.

The day the deal is DONE/signed off and prospectus forwarded , is the countdown clock to that short return process.

The FCA does not do, we plan to , we are going to , only we HAVE.........

Its common practice for Main Market shares to hold a wider spread, it's deliberate, looking for INVESTORS, not quick buck visitors INVESTING, traders , skimmers and scalpers that bring with them volatility and wild swings (aka AIM Style) . Spread will close, when they decide its time to move, be that up or down......

as hardly any of the glorified wonga's ( ii's my ****) are tr1 compliant these days, its all done in the dark...........

In my experience cln's normally forward sold pre the next call, a classic example pre consolidation was ICON , as they were unusually TR1 Compliant, if you took all the notifications and due to market dates and put them on a piece of paper line by line, then took the holdings TR1's and did the same , if you slid it one line, it clearly showed , the TR1 holding was held for the next tranche before it was called and the due to market date, was always the date of the next tranche called...........

Converting at and ever decreasing price for more confetti, having already sold that on the way down from a higher price, classic cln death spiral. They make money while everyone else gets fcuked over.......... 😲

that's been the problem since 2002 , he ****ed them all off and jpda (tl waters) became force majure etc etc, the super majors departed frustrated, they will not return until the path to revenues becomes a reality (they denied both darwin and fpso/flng as all must come to tl)

Or someone knows or suspects, something else coming , to bounce their £409k 0.0432p Monster from Monday, sooner than H1 2025......GLA 🤔

The line that stood out to me is, if the cln dilution remains, then we are back to Monday's £409k premium buy, all else running through the day around 0.025p and that monster at 0.0432p.........bold move in the delayed circumstances.........🤔

No it would be expected the Weststar and Timor Gap JV , would provide the air support for all TL Timor Sea ventures. For Gusmao since day 1 in 2002 when he stiffed the industry, its always been about JOBS for Timorese, with all assets coming to the Island , to facilities majority manned and operated by his own people, with like wise all support operations the same, all part of his original Tase Mane vision, Air support ops and Suai port offshore ops being part of it.

The recruitment at Timor Gap , just keeps going up and up

https://www.timorgap.com/about-us/career-opportunities/shortlisted-announcement-2nd-batch-employment-recruitment-timor-gap-e-p/

AQ's a different kettle of fish but an RTO , is the taking over of a bigger company than you are, that's where the value is determined, not the shell (icon) the NEWCO resulting, must have that combined, new market rule of a minimum of £30m in value, the shell could be 500k , £1m or much more, the last few shells I have been in that were Main Market, went into suspension in the £1-£5m range.

AQ's again but just look at NEO, its suspension price 0.68p , the analysts brokers notes recently issued for "" 23 PENCE ""

They grabbing hold of £41 BILLIONS worth of Gold and Uranium.

Until we know WHAT the deal structure and target is, we could be looking at 25p or £'s

Was in WRN when it suspended at 3.25p , it came out 3 months later and hit £3.32p in 3 SESSIONS, although that one was 15 different acquisitions brought in, so technically not an RTO, that was also very low share issue and at its peak , was still only a Market Cap of sub 100m.......you just never know , how high or how low and RTO will come out of the other side, until some meat put on the bone, its all in the fine print and details.

Vast majority of the 50-60 I have been in over the decades, have been 10-100+ baggers, only a handful have quick spike, plink plink fizzled out on return.....

That's the value of the NEWCO maidit not the shell, the basis of what icon's part is valued will be much lower, the sum of the two combined NEWCO is where the £30m comes in.

So if a routine RTO , they will for eg value the newco at say £35m, that could be made up of icon being walked up to a value of £2m-£5m, the target company £30-£33m. The number of new shares issued to the target company, would then be based on that valuation. The higher they get the shell icon up to, the less new shares will be issued.

In some cases its a combination, the directors of the target company taking CASH (so a raise would also be involved) usually done to remove their shares and or options off the new structure, or a combination of CASH and newco shares settlement.

They do not come in for FREE, as said the higher they can get the shell for a base conversion price, the better for us, ultra low at the mo, so a return with newco, at say sub 100m shares in issue , would be very nice. Coming back with 500m shares not so nice.

All we can do at the mo, is sit and wait to see what the target is and on what basis the RTO is structured.

Newco valued 35m with returning share base 100m = base price 35p

Newco valued 30m with returning share base 500m = base price 6p

Newco valued 50m with returning share base 100m = 50p

Newco valued 50m with returning share base 50m = £1

So the higher we go pre RTO , the higher the potential return price and the lower the dilution in SHARE BASE...........

This also from a few months ago in the Philippines rag the Business Mirror

EIGHT petroleum service contracts await the signature of President Ferdinand “Bongbong” Marcos Jr. and this could happen within the first half of the year, according to an official of the Department of Energy (DOE).

“Potentially, we’ll have new eight contracts by the first half of this year. Eight contracts are now in the Office of the President for execution,” said DOE Undersecretary Alessandro Sales.

These eight are a combination of pre-determined areas (PDA) and nominated areas (NA) under the DOE’s Philippine Conventional Energy Contracting Program (PCEP), a transparent petroleum service contract awarding mechanism that allows the government to develop and utilize indigenous petroleum resources under a service contract with qualified local and international exploration companies.

It may be recalled that the DOE endorsed last year to the Office of the President the award of these service contracts after it concluded the 2024 Philippine Energy Bid Round, which was participated in by well-known international players in hydrogen and petroleum exploration and production.

Back then, the DOE received applications for service contracts that fall under the PDA-PH-1 and 2; which are all located in Central Luzon; PDA BP2 and 3 in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM); NA numbers 10, 11, 12.

The DOE, according to Sales, has received another application nominating an area for the exploration of native hydrogen. “There’s two DP [development and production] contracts and another nominated area no. 14 for hydrogen. There is another hydrogen application that was not yet included here because we still haven’t officially opened the application process. It will be coming out, I think, next year,” he said.

Native hydrogen, as defined by the DOE, is gas that naturally occurs in geologic formations. And fortunately, the kind of geology in which these are found occur in the Philippines.