Member Info for Interestking

And we’re not even after hours trading yet!

No don’t think you are wrong.
I believe uptake will be far higher than expected - as mentioned t’other day - lots of billionaire/millionaires in Bahamas who will want to have a stake in “their own” oil.

I do believe we have been pegged close to 2p by IIs who are dealing on behalf of the company to ensure “smoothness.”

The key now is 2.2p and a break thereof. The short term traders who were/are looking for 10% on their OO/MF investments will be active there. However once taken out, the LTHs selling activities don’t, IMO kick in, until at least 3p (50% ROI) if not a lot higher.

Personally I don’t start thinking about hedging until 7p and then only small.
I suspect many LTHs have been here long enough to go through the whole “written off” scenario and feel quite gung ho with a view to waiting for the oil to gush - or not.
I hasten to add that in the cold light of significant profitability.at various levels that my head may overrule my heart!

GL mon ami bring out the horseradish and Amarone garçon.
X

P.S.
If you want lobster have a word with Derek and Clive!

Bonum

The majority of the EIA is obviously done as it was in 2012. However the final part is comparative analysis I.e. what are the environmental flora fauna H2O ambience etc @ the time of commencement of activities.
By definition these have to be done close to drill date for obvious reasons.
One if the most important parts of our project is taking the Bahamians with us.
Therefore it is IMO imperative that we do things by the book and not cut any corners that can be used against us.

On a secondary point:

Whilst seemingly unconnected:-
Donal Trump’s impeachment will IMO, turn into Labour’s Brexit downfall as The Democrats feel the wrath of the people for making them look fools to the World.
Trump will be elected and with a landslide.
Why does this matter to us?
Trump visited The Carib nations about a year or so ago and nothing official emerged from the visits which was strange. IMO the places he visited were/are/will be oil producers and he wants influence in the region + GOM etc to “own” a massive area for global influence.

This does therefore mean if I am correct that EA will be rubberstamped in effect.
GL all.

I’ve got a 9” drill bit if that helps? And I’m partial to a bit of sea fishing to while away 60days whilst we’re screwing - sorry drilling - not an oil technician - apologies for wrong jargon.

P_I for your eyes only !

Knew a girl called Schrodinger..........Never got to see her box!!
X

Well 3 mill buy apres hours will help!

Drift to 7p as we get the various news flows we all know about.
Then a small sell off by the weak hearted/ hedges etc.
Followed by 12p pre drill.
The above predicated on no JV..
In we get pre-drill JV, which is my prognosis,we will see 25p again pre results.
All of the above takes increased issuance calulations into account.
GLA.

The “Professional’s” STAKE.must be very well cooked by now!!
GLA.
X

Hi Jim

I agree low bar.

Think it will be heavily oversubscribed - loads of billionaire/millionaires there - res non Bahamian.
They will love to talk about their oil after 18 Holes!

Hi Bryn

“To the extent that the initial subscription proceeds of the Fund exceed this predefined amount, the Fund may either request to acquire additional new shares directly from the Company (should the Company agree to issue such shares), or the Fund may seek to purchase existing shares openly on AIM, making the required market disclosure in either scenario.”

The MF is highly pivotal as some have mentioned.
It is amongst other reasons to evidence, for the future, that we gave Bahamians a way into this project if they so wished. ( N.B. The “institutional investor” route is really to comply with local restrictions on local Bahamians for their protection. There is nothing to stop a private Bahamian investor going to a local institution and partaking indirectly by investing with that institution.)
Jim covered most of my other thoughts very well earlier so won’t reiterate.
I would add that IMHO a Major is primed and ready to sign pre drill.
(SP comment circa OO implementation - “major in data room now.”)
Again they need to wait for MF to be implemented for price stability.
Other contracts are just going through the process, although again, my belief is that Major is now very much involved which changes original arrangements.
EIA by definition has to be finalised close to drill for comparatives of environment status.
I have no idea why folks don’t think this is funded. The OO cash is in the bank; The CLN are mates with BOD and have enough skin in the game to want this to succeed even if they don’t fund part of it due to Major intervention; The exchange rate movement has enhanced cash in hand significantly and finally if there had been a significant breakdown somewhere, it would have to be RNSd
Our good Eytan is holidaying in an incommunicado destination and very relaxed according to anecdotal information and if he’s chilling , then so am I.

GLA.

You know what you are all right - boredom has set in and it won’t be alleviated for a while.

Let’s all consider the benefits of Beef/Horseradish and Amarone.

Oh and also why not have a mass debate!
GLA mes amis.

Spot on Jim!

IMO Trump wants to smack Iran for 6 which is why he re opened hostilities the other day under the pretext of retaliation.

Election year yes but you know what this guy also realizes that Iran is a thorn in the side of the world community and he is not a politician. This is not the people who are in the main subjugated by an extreme regime, but the regime itself that is totalitarian and at least a couple of centuries behind the rest of the World.
I am a pacifist but sometimes for the common good, something needs to be done..
Sorry for the rant.

You know Jim I hate using “with all due respect” as it is usually implying sarcasm and so I mean it literally in this case as you have my ultimate respect- here we go - until we drill we do not know the volume of Bahamian resources. As AB said many years ago - similar structures and sizes potentially to the largest discoveries in the Middle East.
Yes I am somewhat tongue in cheek on that BUT you never know.
GL mon ami.
X

Guys

THERE,S ONLY 1 FATAL.

THANK GOD!

Thanks Arma and Lint - great info and much appreciated.

Completely separate:-

Why on earth are we not @ 3p/4p/5p??

I guess it has to be 10 Year exhaustion.

HOWEVER that to me (as a now self confessed ramper - for the 1st time ever - means that when we BOOM we go massive. Any day now - load up for a short blip.
GLA.

Jim
Great call - well done mon ami!

Very good post also in summation.

I too see this as a”moneytree” going forward. With relatively significant amounts to fund ongoing operations.

I do know The Bahamas quite intimately and if you spend time in the odd golf club etc. there you realize there are the odd billionaire/millionaire/investor around.

Quite difficult to transact in Bahamas - bit like U.K. pre Exchange Controls eradication.

This is actually innovative for them and I believe identifies with the current regime’s-much more progressive attitude.

ATB GUYS.

I surrender oh ye of 2 posts.
You are obviously correct!
GL

Fatal

What you are missing vis a vis this board and its boarders is that we live in the here and now rather than the “I told you so” blah blah!

Virtually every poster here these days has lived the nightmare of BPC/ politics/ church etc etc and I hasten to add when you quote historic events in the negative you do miss some stuff that many of us have remembered over the last 10+ years.

Ever since you rejoined this site a few months ago many posters have disappeared which to us regular folks is a loss for theirinvaluable input.
They, like me remember your decimation of the ii board (pre ii’s own decimation.)

Please join in with constructive commentary rather than historic histrionics so we can at last enjoy what is hopefully the final leg of the race.

XXX