Member Info for isas

The problem with the strategy of acquiescing to a bully is that the bully will keep on demanding more and more, there has to come a time when ahead on confrontation may only be the option.

I also use Interactive and had no problem buying THX. seems as though it's HL issue. That might be one of the reasons holding down the purchases of this stock. Lucky for some gives a bit more time to build.

According to the latest presentation the company has said they expect to complete the Serenity farmin in Q3- Q3 ends at the end of Sept. I expect a significant re-rate upon the announcement of Serenity farmin. so it's only a few weeks at the most before fireworks. And even if this doesn't transpire in the rising of share price just modest dividends are an attractive prospect at this level. That's my rationale for holding and if possible to accumulate further.

I think interims are due Septemberish and it's when they'll give the amount and ex-divi date!

I would have thought it was incumbent on responsible management of a listed company to seek to clarify from the government as to what the obstacle is after having fulfilled all the stated requirements. If one continues in fear of upsetting Faure then what is to stop them from upsetting the process and putting unreasonable obstacles if and when the licence is granted. I think it is about time the management starting to ask questions of the government and open up as to why is the licence not being granted. Significant investment is being held up with pussy footing around.

largely sells in the morning and buys in the afternoons it seems.

Timid thanks for the link to the video- extremely refreshing to hear straight-talking and honest ceo, having a practical and affordable strategy, with a large skin in the game.
FCF in 10months and dividends thereafter, what's not to like. Let's keep a low profile for a while longer until I can build some serious stake.

What additional value to the share price would Serenity farmin give? obviously, it depends on the terms but just considering just standard industry averages!

Exactly right this is crazy undervalued at the moment. Came across this last week and beginning to build a foothold, hope it remains this cheap. done a considerable amount of research can't see any major negatives- can someone point out what i am missing and why isn't this flying?

sorry typo-should read have options to buy shares.
Kane don't need to send an email to the company, it's detailed in the rns. They have options to buy shares for 11p subject to the conditions outlined.

TSSZ- they have not bought shares, but have options to shares subject to satisfying certain conditions.

Kaneonaim- you could've got them for less today.

Excellent work, getting to 1st pour. Surprised that the herd hasn't arrived yet. All the more opportunity to get in near the bottom.

GGG- mostly agree, however, within next 6o days or so farmout of Serenity is expected (Q3) and that should create fomo sometime in the next few days and an upsurge in sentiment an important factor on AIM.

Perhaps Faure needs reminding that there is a piece of paper for him to sign- rather unhelpful to keep it pending forever.

Sorry can't do the link but bot copied and pasted here. 1. What is the purpose of resolution 1 – what is the difference between allotting the shares and issuing them i.e. why is resolution 1 needed – why not just the authority to issue?

Allotment creates an unconditional right for a person to be registered as a shareholder of a company. The shares are issued after the name of the person to whom those shares have been allotted are entered into the shareholder register. That person is then able to exercise his or her rights as a shareholder. Resolution 1 is an ordinary resolution and has a 50% approval threshold.



2. Could you kindly explain the purposes of resolutions 3 & 4 particularly #3?

The Companies Act 2006 gives shareholders a pre-emption right, pro-rata to their existing shareholdings over any proposed share allotments. The purpose of Resolutions 3 and 4 is to allow the Company to allot and issue the share amounts stated in Resolutions 1 and 2 respectively on a non-pre-emptive basis. This is done when the Company believes the issuance of the shares on a non-pre-emptive basis is in the best interests of the company and its shareholders. Factors taken into consideration when deciding on a non-pre-emptive equity issuance versus an alternative rights issue included the time available and capital requirement to conclude the associated asset acquisition. Resolutions 3 and 4 are special resolutions and have a 75% approval threshold.

July 26th Q&A's on the website now. only 2 questions asked it appears.

If the Q&A on the website are not from Mondays GM, then where are they- in the rns the company said they would be there from 27/07.

I suspect the share price is being held around here because we are going to be in billion shares in issue club from tomorrow.

The company has said Serenity is a company making asset and the farm-out is expected in H2, which is any time between now and Dec 31st. Once this happens expect the share price to jump significantly and vultures will start hovering over the company.