Member Info for Ironic

Two problems 1) £4 million worth of shares will take some moving . 2) Another £4 million worth of shares to move after the first lot , only those that held on 20/2/19 are able to buy the second lot , so people looking to buy in the Placing know they can’t buy the open offer and know it could take years for the extra £4 million to sell then re sell at a small profit so even when the company reaches break even the share will be held back waiting for the option shares to sell for a second time at minimum profit . The £8 million was the maximum they could apply for , so how much do they really need ? Will they apply for more as this lot clears ? . How many will sell exspecting to buy back at 1p adding to the £8 million needed to be sold .....this is not a company making profit !.

The market makers pets have been given their buy in price now , so should climb soon . Good potential the $1 million donation to assist in securing the licence and government backing spells that out .

It’s the only one I have ever known to be just given $1 million . Now the government are backing it and the licence is secured ...we should get a deal . Just a case of when .

Strange it has dropped from £1.17p to 2p in a year if it is that good ? . That is a huge drop ! Fighting to survive . Why accept 2p deal , there must have been a better option with such a asset !?! .

The point is the risks have reduced greatly .
1) licence granted
2) Government want to progress
These are two significant changes since the majors $1 million donation to help us progress both points . Game back on again . Just a matter of time .

The Bahamas government are now on board and the oil majors know that .
This development is ground breaking and changes every thing .

Not to mention the regranting of the licence . The uncertainty removed .

There you have it ...not a single company on the U.K. market is safe to invest in ! . Let’s see how long the market survives now . A year maybe .

Has been a good day of movement , creating more stability for next News .

They can just sell the licence or company ..choices . I have never seen a intrested party pay $1 million to look and talk before . They have got SOMTHING with actual value . Not the usual rubbish .

Is it ok to trust RNS and reports . 28 BILLION BARRELS OF OIL and intrested parties

Warren Buffett 2 hrs ago ( I think ) ....lookout for “an elephant-sized acquisition”. The hunt for promising companies “is what causes my heart and [business partner Charlie Munger’s] to beat faster… even at our ages of 88 and 95” (Buffett is the 88-year-old).

Worth a bet .

8.3 BILLION barrels up side 28 BILLION barrels . Safe figures 1.6 BILLION barrels to 3.3 BILLION barrels with up side of 11 BILLION barrels . A economic field needs 0.2 BILLION barrels . So is safe to say economic by a long way .

Ditto . Every time the MMs struggle for shares you are there de ramping .

That’s because you are the MMs little pet .

20% free carry and all previous invested money back would be a reasonable deal .

Not a lot , as there is not a lot to say at this stage . It’s all about the Joint Partner then maybe some progress . But why pay to do SOMTHING a partner will finance .

Malcy kept saying that person and it’s a big name . So soulds like a indevidual .

Depends why dilute if a deal is iminant . Dilution is the biggest killer on our markets .