Member Info for itsgambling

... rather depends on what the news is Loz :-) Although I guess you are right that it will motor - the unknown is which direction ! IG

Very slight drop. Am reporting it just for my records... Down 0.07% (180k shares) % Shares Owned: 59.26% # of Holders: 27 Total Shares Held: 156,440,695 3 Mo. Net Change: 9,491,407 # New Positions: 0 # Closed Positions: 3 # Increased Positions: 2 # Reduced Positions: 5 # Net Buyers: -3

To news week. Rig and additional licence areas imo. V big week for srsp. Exciting times. IG

Brilliant. You add facts? Mr 300% drop? Mr complete misunderstanding of market size?? A share option RNS is the start of positive news?!?! Missed the boat? - when the sp is 10% off it's all time low - and stattistically still in decline??? Love your spin there Einstein! Hahaha IG

Pawn, That was my expectation based on the facts available, It's not changed. Why would I squirm. I haven't lost a penny on this mess. Very happy not to have bought in over the last 7 months I have been following the share. IG

Sefton said those things .... based on his assertion of 100% COS on the workovers. Hence the investment case (and self sufficiency) was contingent on income from existing wells. Those failed. And he hadn't envisaged wasting a whole year and the majority of the funds raised. I am not talking production costs. I am talking about the costs of drilling the well. They will raise somewhere in the region of �2mill, at a discount, prior to spud. IG

A u-turn because of a share option? Cripes! Clutching at straws there son. IG

The cash balance was $4.1m on the 25th Sept. That is �2.91mill The do not have $700k extra tucked away. They have pre-paid $700k. Much of which might be wasted if they have to change rigs. They estimate up to $2.7m remaining costs for their share. Let�s say they have NOT wasted the $700k, but want a tiny bit of contingency � ie: their share is $3mill. Total remaining drill costs $5 to $5.5 ballpark. Assuming the licence negotiation are to get 25yrs � but in exchange they have to cover full costs of the drill. [this is the most plausible - and best explanation for shareholders - that I have heard as a reason for the licence delays ��other explanations are not pretty for holders) So they need to have at least that much cash before drilling. Plus overheads, let�s just say they need $5.5m minimum. (almost �4mill) I believe their cash balance is sub �2mill but let�s just say it is �2.2 as you optimistically guess. That means they need to raise �1.8mill. I actually guess at over �2mill fund raise � pre spud. IG

oh whatever. They can't afford the drill. That simple. They will raise cash through the dilution BEFORE spud. You have clearly indicated your grasp on numbers with your posts today, You keep getting excited about this brief rise. The lack of news till March and imminent placement will temper your excitement somewhat. IG

Christ you are dim. Every MM is sat below 12p. Do you understand market size? Oh dear. IG

Do I need a calculator. Haha 300% drop !!! Think that shows your level mate. Bunch of mugs buying in on a spoof. Not me thanks. I'm sure you will fail to acknowledge your mistake when the placement news comes. IG

Phoebus. I agree. Will be back down in no time and then new lows. Weak attempt by bod to support sp. Another long wait for news followed by discounted placing imo. IG

A 300% drop !! Haha. Not great maths mate. IG

They will now have to pay for the whole drill cost alone. In exchange for a longer licence. Placement is nailed on imo. Time will tell. IG

Sonny boy. You are making things up again. I can buy loads and loads sub 10p. People are not buying as the wait for news could be a lot longer and the placement will allow for cheaper entry. Jmo IG

Still hold no shares. IG

Thanks popeye. Makes perfect sense. And I agree it will be positive to get the placement done asap. Uncertainty is the worst. Especially when a placement and dilution is concerned. Hopefully it won't drift on too long. IG

Good post popeye. Sounds very plausible. So they would still get their 45ish% of any oil. But not have to pay any costs. In return for a longer licence. Cheeky buggers. Would explain why they are not drilling even though they have adequate licence. And why the outstanding costs were never (rns'd) as received. Am guessing this will be a fund raise of around $3m @ 7p. Quite heavy dilution but at least they could continue to drill. Really cheeky of the snpc if they do go down that road. Almost like they have aaog over a barrel. Best of luck. IG

Puphead. Much as it might amaze you. I do not move the share price. The bod are the ones who have brought it from 30 ish down to 9p so far. Only (positive) news from the bod will stop the tumble. It has much further to fall imo IG

Fredr - what are you talking about? Think you are very confused mate. Iclaprim is our only drug. It's passed P3 and is due to be submitted in Q1. All the facts I wrote are just that. Facts. The MTFB board is very helpful. If you want to know more about Iclaprim MTFB I suggest you ask on the forum. IG