Member Info for Jace86

Its not a rumour a placing is needed. That's in their prospectus. Given past history what's the price going to be?

What a read that was! Puts things into perspective...

Everytime they raise a million at discounted placings too it only seems to only just give them one roll of the dice. To truly become a shell though they need to get rid of their investment in Eagle (basically now a shell as well!) And dispose of colter. Then remove any rights to warrants etc and this company may have some value in its losses over the years for someone wanting an RTO. Unfortunately it's come that only the tax losses are worth anything!

To see a live price and noticed this moved up 41% right on the market close. I might have to jump back in on Monday for a trade...

They've done bugger all which is why they should be renounced as an oil and gas explorer and should financially be considered an investment firm - to do that they must hold a min of 6mil though... Unless the IPP nonsense is their workaround?

Greg - what upside potential is there?

Pitch - No physical proof as Doubleup indicates but when Simon appears on an interview saying cash burn is 60-90K per month and factoring in all of the fundraises last year theres no way they should have needed another placing. The fact that they did to pay for the sidetrack on colter indicates to me that there are bills flying out of this company that they arent being transparent about and its because of this and the depleting cash balance on projects that never amount to anything is what makes andalas completely uninvestable.

Greg, you cant be serious? Listen to Double - this co wiped out £50K of his and many others!

The moment they throw what little money they have at "something" they'd need to immediately raise again! Before you know it there comes another GM with approval for another 1.2 billion shares to take the possible total to 2.4bn in the near future.

Might be why they lowered it in order to get that order filled... Another big one comes in I wouldnt be surprised if they do it again.

Twice now you've called me "Jax"...

If nearly bankrupt from this firm (and possibly others) why continue to back it? None of us are gaining anything here... We've all lost!

You in for a trade and its not working patch?

I don't recall ever saying 'moon' by the way but I was confident when they had three potential prospects... Only this comp could manage to screw that up and I question whether they was genuine or whether this BOD are just puppets being strung along by someone raking in a fortune "consulting" for the co... imo

Getting that filled must have took some effort! No wonder it was a struggle to buy for the last day!

Ouch... Another 600m shares pre-approved for issue... What if the evaluations turn out to be a dud? There was no wire logging or anything done on it!? So what exactly was appraised in the colter drill?

Same. Implied offer in place and it's up to other interested parties to beat it! Q2 is only 16 days away!

Seems some traders have got bored. Not one to be out of as and when news lands. Whichever way that is, via funding, takeover farm-in/JV agreement etc. RNS states Q2 and thats only around the corner from April.

Its that bit of goss that helps bring attention to a share.... Then that helps trigger a bit of research and has investors buy in at what they see as a reasonable entry point.

Means nothing... What does is the companies response to monetising the asset. Whether it be a sale of this firm (and the other asset helps bump up the price) or a farm in JV or asset disposal or other kinds of funding. The cat is out of the bag on the interested parties...

Good opportunity to get a favourable deal or maybe even an outright offer to buyout here...

Wont rise in a straight line as all have different targets but a good de-risk would be 50p - clear most out with a free carry to continue

It was a struggle to buy yesterday... MM's will need sellers so get upping that price to tempt a few to out!