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‘The preliminary results, which are audited, do not include all the notes of the type normally included in an annual financial report.’

Nice £297k remuneration for Andrew Hockey. ‘Basis of preparation and accounting The preliminary results, which are audited, do not include all the notes of the type normally included in an annual financial report. Accordingly, this preliminary announcement does not constitute financial statements as defined by the Companies Act 2006 and should therefore be read in conjunction with the Annual Report for the year ended 31 December 2018, and any public announcements made by the Group during the reporting period. The annual financial report for the year ended 31 December 2018 was prepared in accordance with International Financial Reporting Standards as adopted by the European Union ("IFRS's") and the accounting policies applied in this preliminary announcement are consistent with the polices applied in the annual financial report for the year ended 31 December 2017 unless otherwise noted. The annual financial report for the year ended 31 December 2017 has been filed with the Registrar of Companies at Companies House. The audit report on these financial statements was unmodified but did make reference to an emphasis of matter in respect of going concern.’ Where’s the auditors report?

Thanks. Still doesn’t explain where the £15m has gone and why the need to raise again?

@scottynotts What’s colter?

Flabby I’m sure the September RNS also said expected to spud in January 2019. Does anyone know why the delay?

Some of the £15m raised as disclosed in the September RNS was to be used to fund Harvey appraisal well. The primary use of the placing proceeds announced this week are for the same purpose. Why is more needed now if the £15m was suppose to cover the appraisal?

https://www.gov.uk/government/news/independent-inquiry-into-events-at-london-capital-finance-announced

https://www.gov.uk/government/news/independent-inquiry-into-events-at-london-capital-finance-announced

£2 a share dividend (roughly £25m) would be nice! Lol

So it looks like £52.5m plus cash bonus at first gas was offered for the debt. IMO can’t see the bondholders being happy with administrators turning that away.

So it looks like £52.5m plus cash bonus at first gas was offered for the debt. IMO can’t see the bond holder being happy with administrators turning that away.

Excellent update IMO. Received $500k from Newmont and a further $240,000 to cover property maintenance costs which shows they are committed. Loryser news sounds positive too!

Rxdav re your last post, you also post ‘imo’ after every post! What are your thoughts on IOG and RRE both apparently cancelling UKIS?

Cindercone it equally sounds like your forever deramping rather than giving fact based research/commentary/views.

All they had to do was put it in the RNS!

Emailed hello@bravebison.io at 13.37 and got a reply at 13.47 which stated: ‘Due to personal financial commitments, Paul Campbell White has reduced his holding in Brave Bison. He remains a shareholder with a 0.25% holding in Brave Bison. This transaction in no way reflects Mr. Campbell White’s confidence in the Company and its future growth potential. The Company is in a robust financial position having reported its inaugural profits in its FY results, published this week.’

Where has news of ‘this’ meeting at 2.30 been announced?

No doubt they do, just find it odd quoting as low as 20% which doesn’t sound very optimistic! Good luck and keep being the IOG board superhero!!

S&W said ‘At present the Administrators estimate a return to the Bondholders from the assets of the Company of as low as 20% of their investment.’ That’s around £47.5m? RRE can give £40m of that today! So why wouldn’t the administrators take it?

If IOG had the funds to repay all the loans to LOG would they pay principal plus interest or would they also pay an additional amount to factor in the convertible bonds ‘value’?