Member Info for itsgambling

We haven't seen the bottom yet sonny boy! No rig, no ecconomical licence, no income, no trust, very little cash. Not a great case to invest here! IG

Fredr? No reply? MTFB - new antibiotic that has passed P3 = FACT and about to be submitted for NDA approval = FACT it has a novel mode of operation that causes the drug helpfully collect in the lungs = FACT Nephrotoxicity has not been observed & dosage adjustment has not been required in patients with renal impairment = FACT Initially targeting just a small $1bn share of the huge market. = FACT Bank of America Merrill Lynch has been building a large holding = FACT ?? IG

Getting excited about 9.45p paid!! Haha brilliant. IG

Fredr - check your facts mate, Iclaprim has passed P3 and is going to be submitted for NDA approval during Q1 (as per the various RNS). Which part of the post were you questioning? Some very confused individuals on here. IG

Are you mad? They had under �3mill 5 months ago- According to the RNS. How on earth is it a 'fact' (as you put it) that they have �3mill now! Based on any reasonable burn rate, they simply do not have enough cash left to drill. Fund raise news will land pretty soon. Then I expect you will keep your head down. 9.25p - no thanks. I don't want to buy some shares and then watch the price fall. Yet another person misleading themselves and others into thinking the licence is 100% guaranteed, Just like the workover success. IG

You could get in all sorts of trouble making stuff up like this. I understand you're worried about what's happening but there are lots of details in your post that are either stupidly optimistic guesswork or outright lies - designed to mislead others. From the RNS [actual FACTS] "Cash in hand at 25 September stands in excess of $4.1m" - that's �2.91m. Nearly 5 months ago!! And somehow you manage to work out that they have �3m now. Wish my accountant was as imaginative as you. Nobody is going to thank you when the placement RNS lands!! IG

Hi Pawn. Understand your point but I don't see it playing out the same way, as the funding issue needs to be taken into account. I agree with you that one option is no licence and the company is worthless. The other option however, where they get the licence, can play out two ways. Either they fund raise first. Likely to be at 7p if they do it now, lower if they wait. Or they RNS the licence news, we see a brief spike, but everyone knows the fund raise is still to come so the sp remains supressed sub 10p. In the meantime, without news, the sp will continue to drift south. This could go on for another month or more very easily. I�m happier to wait. IG

sonny boy - you sound like you are trying to convince yourself? There is a risk that they will not get the licence extension. Fact. Hence the "very sensitive negotiations". Until they get it, and RNS the fact, nobody knows. IG

Hahaha brilliant ... his stupidity is making my week. Actually spat my tea out laughing at that one. Maestro - 'solo' means alone !! Hahaha !!!! Genius. IG

Indeed pawn. I am waiting for the placement before I buy in. Which now is lilkely to be comfortably sub 7p IG

Cripes. "very sensitive negotiations". Sounds like the flip of a coin on whether they get the licence. Company is worth zip without it. Nervous times for holders. IG PS: On L2 two of the MMs at 9p have dropped away, looks like the 8s are on the cards very soon.

Sadly it's not !! The reason he is here, making a total fool of himself, is because he is "invested" in a shocker. An oil company with no rig, no income, no useable licence, almost no cash and a bod who have historically misled investors. I discussed some of these things on the forum which he didn't want to hear. Ramp only rules! Typical "bury you head in the sand and hope" aim investor. Hey ho. He will go away when we get rig news over the next week and begin the rise. IG

"Nile Delta very volatile place to do business" :-) still laughing. Genius. IG

Agree they could have just drilled. What is this licence nonsense covering up? Now obviously they can't afford to - as they have wasted so much time and money. IG

Sadly sonny boy, given the incompetence of the BOD, you might actually be right - haha IG

Is an mcap of �5mill. Given the "old bull" facts of no rig, no income, no economical licence, distrust of the BOD, a small and dwindling cash balance (blatantly sub �2mill possibly much lower) - I think an mcap of anything above �5mill is madness. Hence I won't buy until sub 7.25p. And given the huge risk here or losing all - I assure you SoundingOff - it will be a very small punt. After the placement & with licence news I'd be happy to pay a higher price and may invest much more as the risk of losing all is clearly considerably reduced. Each to their own. Best of luck IG

Agreed. Still a chance to get in 10-15% sub placement. With rig news any day. What a gift. I love the comedy de ramping desperate for a lower entry but can come up with anything ("I'll try to think of something negative to say over the coming days"). IG

Rob. Slight correction. I have posted several times that I will buy a small amount, as a punt, sub 7.25p. An amount I am prepared to lose as I see a real chance of the company being basically worthless if the licence negotiations go badly. My original buy price was sub 10p but the company caused me to re think that with the December update. Both these targets were scoffed at. Yet 10p came and went. Yesterday I could have bought at around 9.35p. But IMO it was still overpriced given everything we know. About 20% lower, with no new information, and it would be worth a very small punt. This is were I expect to see the placement (which I have also posted before). Obviously, news would change this and (as everyone) I will update my thinking based on it. IG

Rob. Interesting investment strategy. "Every one left has either given up watching or is prepared to gamble and cross fingers". Sadly, you are wrong, no news by March will see 7s without doubt. Maybe lower. As people start to wonder what aaog will look like if these negotiations to get a licence go badly. IG Ps. I do agree that news, when it comes, will be the catalyst for the next serious step down. As the size of the placement will require it to be at quite a discount.

City banker... If you think 8p is the lowest this can go, and that 30p is a likely short term upside, you need your head seeing to. If the ongoing extended negotiations about licence go badly, this will be sub 3p in days. And sub 1p in weeks. If they go well, the the subsequent placement at 7p or so will mean that 30p is well off the menu until (and if) the drill is successful. Best of luck. IG