Member Info for Jace86

Name change... we might already know it in the form of Resolute (UK).

Call me greedy but more sounds nice... 20p? All depends on the assets and if they are already producing. Obviously we know Badger isn't but we dont yet know how much is down there but the mystery dash to Indo is what we also want to know about. If already producing, boom posted a nice post recently to give people food for thought on just how much the mcap could go with a few bpd.

Mine is possibly where it is as an average because I paid a bit more... conversion price is irrelevant as it's the rate of conversion @ 50:1 that matters. Price now is likely where it was before consolidation.

Conversion was 1.13 I think when I look at my portfolio. Cost against shares I hold. It seems the opening price today is lower. Maybe to entice buyers who appear to be getting a bargain at present.

Your best bet is to keep up with the RNS alerts. So before the AGM they proposed the release of extra shares and proposed the 50:1 consolidation along with the dates that it would all happen. Your broker should have informed you about the consolidation as well. If you are new, I'm curious, what was your motive for picking the share?

And your value will still be the same on conversion.

Price looks a bit better but that spread doesn't. Looks funny seeing it 4000 percent up. Hopefully it really does that off a series of amazing news.

Definitely not just a case of dividing it by 50. The entire listing has been renamed and the entire holder registry has to be updated and I'd imagine a quality check would be needed too and then that data would need to be passed to brokers for processing and reconciling too. It's a huge job. The more I think about it the more I think it might not even be ready for Monday.

My HL account still has the old volume and old price on. No rush though. I'm not bothered as it's another day closer to some news.

But it's not been completed yet. I would say it's in progress and I'm not expecting it to be complete for another hour or two. Maybe then there will be a comms?

Strongman, they did say this was going to happen. They shouldn't need to say it again. Your broker should have told you as well. Mine did.

I've no price change yet. If you are a novice though maybe IG isn't the best thing to use. People tend to run up debts on that by taking too many risks. Whatever you had though, it should reduce by 50:1. If you had 5,000,000 you should now have 100,000.

Yes there was news and we had posted on here several times over the last few weeks.

If people have taken positions here though then the only reason they'd sell is if it was automatic because their broker hasn't wiped out limits as a result of the consolidation. Investors would just be taking losses at the same level as they would now if they sell.

Never been in a consolidation before so I'm curious to see if it gets lifted off tonight and credited tomorrow morning. Can only wait and see how it gets done.

Not much will happen tomorrow either unless there is news. Get the crap out of the way and on with the good stuff.

A rig costs 2-40 mil depending on size and spec. But that's why you farm out. I wouldn't be surprised if you have multiple usernames and are also one of the other negative posters on here.

Aren't you insightful with all of your 11 posts... clearly not looked that it's already fundraised...

If resolute is the new name and comp (hopefully not to be confused with the big resolute) then hopefully past MOU's with adl will still stand. Either way, be patient and let the news roll in.

And if we get multiple good news... plus our mcap is still tiny...