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Well I went to school
What do you put 100,000 hours at ?
That either includes the extremely overpaid ( or worse if it doesn't )
Yep, that is hiding the ~3M wages with 2M revenue ( not profit)
Until that goes, nobody major wants to buy in.
But as long as they keep it simple, it’s not bad for a company trying to discover not long ago.
Those receiving shares for salary will have been cashing them in on receipt.
That is probably the continuous selling into any buying.
Nobody lives that well within their means.
What, like…Every raise so far has been majorly oversubscribed so we could easily have raised funds at a higher price, but that would have prevented some favourites getting their hands on a significant amount of shares. And obviously we will be ‘forced’ to give them more as nobody in their right mind would take up the open offer as prices always correct to below placing. Even though the open offer could be scrapped as it isn’t in the company interest to pay in shares until the price rises. Didn’t you hear, retailers are suckers.
Anyway what’s done is done. Now we wait for rotation or news to before moving up.
Why didn’t they just welcome an independent review by a regulatory body to focus on legality and ensure inside information isn’t leaked to somebody’s advantage. They could then add that the timing of the request is not great.
The response is not how a politician would have handled it and leaves a gap of doubt as to what a review could find.
There are over 120 employees in the structure.
How far does 24M revenue stretch after running costs and then new exploration?
Well you could buy some on the open market at 3.25 or buy some via the open offer at 3.5
Check Twitter feed for open offer link.
Over to you
More importantly, what did it do to the price at the time gives a true story of its significance.
Not really.
The price sold was on the low side of the market price at the time. So it’s simply shown as a sold.
But…they don’t go onto a shelf, somebody thus bought them either before or after that deal.
You wouldn’t know if somebody ordered lots and the MMs secured from market or the other way around.
Big orders generally have to be done in bits, but they can post it as one bid if they wish.
Nice try, and see your pattern of posts.
Maybe, like anything it can go up or down. But maybe the price goes to 5p
On previous funding there has been dilution and the price kept climbing.
Minister to sign. 30 day max count down about 8 days ago.
Now do you sign contracts, in effect shaming the Minister and process. Or bite your tongue and wait out until the ink is dry. Then finalise contracts.
Both ways, Gov wants assurances that work can commence. Company won’t commit if there is no legal path to deliver.
Don’t worry, due to COVID, Q2 has been pushed back a little. Happy days.
I also believe ( in hope ) that a recent tweet actually did put a legal timescale of issuance in motion, leaving 29 days.
You read what you wish.
Nothing sets in stone a date that the EL must be granted by. Certainly not by a company.
U could say the focus was early Q2 to get on the process. Now that has been done ( the focus early in W2) and gone the focus is elsewhere and the EL is not the focus now.
It obviously is, but to me, I’m thinking a strong negotiation for farm in and funding is part of providing budget for 1st year of grant. A requirement of the process is this budget. And any delay to get a better deal is acceptable.
I don't think this is EL or bust. It's Plan of Development + ?? then EL + ?? (or together)
Will there be a slow drip before either of these - what's the gap between - will there be any dilution with either - any JV and its makeup.
As Petrovis are looking to protect their position, they seem more willing to support via loans than dilution.
This significantly reduces the risk of dilution, but it could occur and at these volumes could be an issue.
We have been shaking out profit takers for a while at this price. But the volume has been quite pathetic either way. Need some big injection. Everybody is just sitting tight.
The MM book in a higher price to sell
Those nearest the current price must be processed first.
Then those on the same price is a first come first served - helpful with knowing the time ( for them to notice a stale entry ) but largely irrelevant
So looks like they are not all clubbing in at the same price - lets say 250000 across 5 MMs to clear at 8.5 which is good if a large buyer suddenly snaps up lots
- this is where prices can shift dramatically if not much depth on the book, however nowadays there are bots to ensure that MMs can place new allocations, pull and replace etc
Maybe I'm shooting myself in the foot. More like 17p and that's without any notice of dilution.
The rest is just FOMO - which is possible in the short term - until there is substantial profit ( minus any further discovery costs ).
Have no idea what a JV would do - depends on the contract I suppose, but won't be signed if Petrovis don't benefit from it.
Maintaining pressure ( exceeding 250boepd ) and hitting another ( able to scale ) would incorporate future potential in Mcap.
Bloomberg Terminal
Interesting to see MB right in the mix at 1.3%
Petrovis - 21%
SVM - 3.2%
Baillie - 2.6%
Premier Miton - 1.35%
There are no big investors. They are already in years ago at very low prices and looking extremely long term. Look at RNS for any TR-1 notifications.
But we don’t need massive volume to lift this one, just a few more milestones and we may well get a TR-1