Member Info for itsgambling

I was wondering where he'd got to.... Just noticed on twatter that he's turned anti aaog after being the king ramper for years. He appears to be chasing another rainbow now. Funny. IG

Feels like a joke. To say "We're nearly out of cash, there is a $6mill placement coming soon" Is like putting a welcome sign for shorters. Who the hell would buy in when he is all but guaranteeing the sp will drop considerably in the near future? Shocking management. Again! IG

Not true Fredr. I pop up on news days. Cause that's when it's interesting. Only recently I posted on a good news day on here to congratulate holders. I am not trying to engineer a lower entry point as (A) I would hope that nobody trades based on forum chat - I hope they research the share. (B) I won't be making a serious investment in here until they have resolved the licence issue [at the lease]. I'm here to discuss the company and the share. That's the point of the forum. And today's news was very interesting to discuss (not in a good way for holders). IG

Congo gov are dragging their feet about the licence (a delegation to Tilapia to confirm the factual basis of the application - don't make me laugh.) SNPC are not paying their share of the drill or workover costs (with full knowledge that the company can't afford the drill - even their own share). Brings back memories of the misleading RNS's from last year - rig on site in July was it? I wonder if the congo are making a fortune shorting this, or if they are looking forward to re-selling the licence for another $20mill once AAOG has gone to the wall. (like DS previous venture that also 'ran out of cash') Companies like this really annoy me. IG

Sounding - you know full well I've been following this share & company for a long time. And have not been trading it. I'm interested in the fundamentals. You can ignore what I'm saying and bury your head in the sand if you like. Saying this was a good RNS has I'm sure got a few laughs. No rig, no licence, no cash, no support from the partner, a $6mill raise in the near future. Yeah brilliant. Enjoy fooling yourself. IG

Seriously? You expected licence news, rig on site news and were confident (and promised) that funding wasn't an issue. Today you are told ... Still no licence. Still no rig. Can't afford our share of 103. Partner not paying for their share. Need to raise $6mill (not far below current mcap). Uncertainty as to how that will be done. And you conclude this is looking very good because of some vague waffle about workovers?? Oh dear IG

Even at 10p (which is complete dreamland IMO) - they need to raise $6mill (see today's RNS). Mcamp is �7mill (at 10p). So I'd still say that they need to "raise almost the mcap to continue". Can't believe people are unable to work out the basics and yet still happy to invest hard earned! IG PS: It's not the giant fund raise you need to worry about - it's the licence and why the Gov are dragging their feet AND not prepared to pay for their share of the drill....

Ostrowm I take it YOU'RE not an english teacher ;-) At 7p the mcap will be �4.86mill and the fund raise will be .... almost the mcap. Well done. IG

for you to consider ... why would the gov oil company not pay it's share (something I said was happening 6 months ago and everyone denied.) Hmmm? IG

Ok MV. You keep ignoring the facts. I'll pop back at 7p (ie: later this week - maybe this afternoon). Or when/if news changes. Right now it stinks. Still no licence. Down to last $2mill. Need to raise almost the mcap to continue. Best of luck. IG

I set my target at 7p some time back, that remains. However, as I said at the time, I will only gamble some pocket money until the licence is sorted, as there is huge risk of losing all. I'd much rather invest heavily in a placement after the licence is sorted - even though I'd have to pay more. Each to their own. Raising aprox the mcap without licence news will be really ugly. Feels like the local autority are playing them as they know the tenuous situation they are in. IG

Without a licence it will be reliant on pis. Iis won't gamble - they will want to see a licence before coughing up millions. I'm guessing 7p at the very most. Given the fact that the fund raise will be more than the mcap, it could well be 5p or lower. IG

Haha good point. :-) Marineville. There is no need for doomsayers! The company do that for themselves!! Huge funding shortfall - yet no solution offered (in talks is aim for panic). No licence still - add to that the fact that the government agency wanted to visit the site, the government run oil firm won't pay their share and the company is almost broke and that's huge reason to panic. Sounds to me like they have someone else lined up for the licence after aaog go to the wall. IG

Marineville. There is no need for doomsayers! The company do that for themselves!! Huge funding shortfall - yet no solution offered (in talks is aim for panic). No licence still - add to that the fact that the government agency wanted to visit the site, the government run oil firm won't pay their share and the company is almost broke and that's huge reason to panic. Sounds to me like they have someone else lined up for the licence after afpo go to the wall. IG

Reading between the lines, past the optimistic spin and bluster, there is now a significant chance the new licence will be turned down. Valueing the company at zero. Be careful with this one. IG

It's comprehensive but ugly. Exactly as expected they have to pay for 100% of the drill. And are almost out of cash. So no licence, no rig, no cash, no funds to pay for 103 and partner not prepared to pay their share. Typical of them to have failed to resolve the funding issue in all this time. Market will react very badly. My 7p target looks very realistic. Bunch of jokers. Proving leopards never change. Feel sorry for holders. IG

For what it's worth, I believe the imm sub group was 65 and 5 of those went into complete remission. IG

Exciting battleground. ... Who's going to win? IG

Just reporting for completeness. Irrelevant 100k (0.04%) drop in the ii holding shown on reuters. Institutional Holders % Shares Owned: 60.88% # of Holders: 28 Total Shares Held: 160,885,158 3 Mo. Net Change: 5,210,129 # New Positions: 2 # Closed Positions: 1 # Increased Positions: 5 # Reduced Positions: 3 # Net Buyers: 2 Have a good day all. IG

Cripes - that was sarcsastic. In response to the previous post of "Something is about to happen" - hence the dyor with a wink. To make a joke out of your announcement of news the next day. I'll try to be less subtle for you in future. Haha IG