Member Info for itsgambling

Sonnyboy - impressed by your rose tinteds. I need a pair of those. Not sure the rig company will agree with your plan to pay with an IOU to covered by a placement paid post drill. If it's a duster they would get nothing! And you've magically assumed the new licence will be free (considering 3yrs cost $5m)!! We will see. Best of luck IG

I like the story here but can't understand why some investors are so desperate to sell at the mo. IG

Is that going to be as accurate as your other predictions? 0% record so far I believe. $1.25;mill is a long way off - far too low. That wouldn't even be enough for them to cover the upfront drill costs let alone the large amount needed to pay for your new 25yr licence. Plus they need for some cash for overheads and to cover in case of delays or further work overs. Haha delays. .. never ! The cash call will be for at least $3mill. Ie. Over 30% dilution. IG

I wonder how many days till the fund raise. Without concrete licence news it will be ugly reading, full of 'potential' and 'opportunity'. Bad news usually precedes more bad news in my experience on aim. IG

Good morning Sonny boy. If a 3 yr licence cost $5m I wonder what a 25 yr licence would cost? No wonder the company didn't answer when I asked that! IG PS. 29th Jan ... still no rig news. You made some pretty bold statements about the end of Jan. Am guessing you will ignore those and set a new target in Feb with yet more hope strategy!

Very possible. However the offer would be 60-80p. And would be declined I hope. Certainly by me! IG

My guess is that, due to the last year of incompetence, they are struggling to negotiate a new licence. If you're going to issue one, you want to believe that it will be used. And given the lack of rig & funds you'd understand some doubt! I've previously seen licences revoked elsewhere for lack of drilling. I suspect that is both the reason for the country manager jumping ship. And for the new names being added - to try and appear more believable. So there might have been some truth in malolo''s speculation (otherwise he could be sued? ) IG

Sadly the false drop theory can't be right. That would require the mms dropping the bid to trigger stops. The opposite is happening - someone very keen to sell is accepting a price below the advertised bid. Given the supposed imminent rig news it makes no sense to me that someone would be that desperate to sell. Unless they know something we don't. IG

Someone desperate to get out. Not great confidence? IG

The original licence was for 3 years I think. And cost $5m. They've entirely wasted the first year and burned a load of the ipo funds in the process. Can't for the life of me think why it would be free for an new/replacement multi year licence. IG

In answer to the question. Without the licence the company is worth simply cash in bank. Ie. £2m So, fairly ugly. Probably less in fact as there will be costs to winding the business up. I have emailed asking for more details about the new licence but didn't get a reply. IG

Got robbed on the tree shake. Impatience is a killer on AIM. IG

Please don't go. How will we cope without your insightful contributions! IG

We've had weeks of your January & February predictions. These are just a empty and and facile as the December ones before that. You stated on 11 Dec "Licence extended before end of the year". In November we had a raft of "Rig on site middle of December", "December will be very interesting for this share", "25p prediction in middle of December! ", "3 weeks untill 1st December.", "some kind of rig contract news by 1st December only 4 weeks away", "Another 4 weeks until 1st December. I'm counting down the days." Need I go on? So much for the hotline to DS! IG

"Cash in hand at 25 September stands in excess of $4.1m" So you were right that 4 months ago that had �2.9m. I'd wager they have under �2m now. Until they get a licence or a rig, it's hard to see that the company is worth much more than that. IG

I'm just here to watch from the sidelines and to counter the mindless rampathon for a story that is only bad so far. No rig, no ecconomical licence and barely any cash. Can't see how the company is anything other than overvalued! Where's sunny with his stream of predictions (after all those supposed chats with DS) - "Licence 15th Jan", "Licence before end of year", "Dril in Jan", "Drill in Nov", "Drill in Oct" must be time for another stream of postitivity and predictions of good news! One day one might be right! Even a broken clock... :-) IG

Agreed. A placement seems all but nailed on. They must be running on fumes now. They better have some news to cushion that blow! I still have not recieved a reply to my email asking what the cost would be for a new licence! Given that the orginal 2-3 year one cost $5m (I think?) I can't see why they would get a new one for free? "obtaining a new licence for the Tilapia field and then moving to drill TLP-103" IG

"going by the rns he was def encouraged to go" - did you get the same RNS as me? Maybe I missed something? Where did you see that please? IG

Everyone trying to ignore the fact that the country manager has resigned? Doesn't fill you with confidence that anything positive is imminent! The hope factor here just got bigger (and the cash balance smaller!). Best of luck. Still no case to invest from where I'm sitting (no rig, no economical licence, almost no cash - ouch ) IG

Watching L2 the dma are yet again trying very hard to create the illusion of downward pressure. One DMA user is adding multiple small listings on the ask. No logical reason for this. Possibly is to try and mess with algos or with traders heads, but it feels like it's coming to a head. The downside here is so limited. Trys the patience but I'm excited about the next few months. IG