Member Info for JAllis

Ok Bline, if a equity placing has categorically been ruled out in an RNS as you are implying then which RNS was it in? Simply posting the link to that to prove your point should be far easier than typing out a long winded reply

Not the interviews i've heard.

As i've said, if you claim he does then prove it, post the link to the interview here

Placing has not been ruled out, dont believe everything you hear in echo chamber telegram goups or random posters supposedly relaying comments from the AGM.

Such info is price sensitive and would be RNSd if it was indeed the case

Andy Butler has not said anywhere in his recorded interviews 100% that there will be no equity placing. They have said they are looking at non equity but have not ruled out an equity placing.

Post the link to the interview if you maintain otherwise

No proof '..that 100% no placing at PLC level was made..' people will say anything on these boards and on private telegram groups to get people to buy in.

Such news would have been RNSd as it is price sensitive.

Be careful what you believe

Non equity funding is a being explored but is in no way guaranteed. If it's not available then it's a capital raise. Given AB is in the City next week presenting to PIs and Instis it may well end up being a capital raise.

At what price will they place to raise that amount of money?

Valaris is old news as well, been discussed for ages on here

Just had a read of this PDF thats been linked to on this BB. Huge racket being made over a PDF that contains NO new information.

BOIL has already said they are targeting a Q1'25 drill which is what this document confirms. The SGBU referred to in the document is SundaGas Banda Unipessol - the Timor Lestian subsidiary of BOIL - you can check its website here http://www.sundagas.com/ - SGBU is not a separate entity to BOIL.

Fact remains BOIL/SGBU still need to find £millions to fund their share of the drill. If no JV then placing, which appears to be the most likely option here given all the presentations in the city next week. Going by recent placings on AIM this could be upto/ more than at a 50% discount.

Some chunky sells today as people exit in anticipation of the placing, holders are trying to use this document to keep the price pumped.

There is also a lot of in the money options and warrants here just waiting to be exercised. If funding is required there will be new issues and likely new options alongside.

His most recent interview did not use those words - it was simply 'funding'

Possibly. However the funding is a massive risk is a massive question mark hanging over this at the moment. Those buying in now are taking the rug pull gamble.

Drill cannot be funded on its own. If they don't secure a JV then they will have to place to raise the funds to meet the commitments for Year 3.

From the RNS; "...Hence the Company will automatically progress into Contract Year Three on 19 June 2024, and does so with confidence around its plans to drill a key milestone well on Chuditch, subject to securing drill funding."

Question is, if JV are not on acceptable terms and the co has to raise funds for the drill, what discount will it offer? Capital markets have not been kind to those seeking funds of late. Case in point HE1 which raised yesterday at a 56% discount. Will we se something similar here...

To the holders here 5 bagging in less than a week. Another one to look at before the rise kicks in is CGH - $150M investment funding package due at 20p per share, current SP 3.9p. Potential multibagger written all over it.

In commerce, China also eclipsed Russia in 2023 as Kyrgyzstan’s top trade partner, even though Bishkek is a member of the Moscow-dominated Eurasian Economic Union (EAEU). China accounted for almost 35 percent share of Kyrgyzstan’s annual trade turnover total of $15.7 billion in 2023. The EAEU’s share was almost 28 percent.

https://eurasianet.org/kyrgyzstan-china-solidifying-economic-hold-on-bishkek

Growing Chinese investments in Kyrgyzstan with mining one of the main sectors for investment bodes well for reducing downside risk for the Xiwang investment, particularly so in the backdrop of the rising Gold price. As soon as the Political Risk Insurance is obtained, which is the main contingent item for the completion of the funding package per the last RNS, the deal completes.

"China has supplanted Russia as Kyrgyzstan’s chief source of foreign direct investment (FDI), according to data compiled by Kyrgyzstan’s National Statistics Committee. Chinese FDI in 2023 totaled $220.8 million, or almost 28 percent of the country’s overall FDI total of $798.2 million. Russia’s FDI total was $147.4 million. Kazakhstan was Kyrgyzstan’s third largest foreign investor in 2023 at $67.3 million.

Manufacturing ($226.4 million) and mining ($169.2) were the most attractive Kyrgyz sectors in the eyes of foreign investors last year. That interest appears to be carrying over into 2024: in early April, the Chinese mining concern Huaxin signed a deal with a Kyrgyz state enterprise to develop the Kol-Jangak coal field."

https://eurasianet.org/kyrgyzstan-china-solidifying-economic-hold-on-bishkek

- Bond converts at 30p per share

- Executive Chariman owns 45% at a average price of 15p, he has further options at 20p

- Xiwang investment at 20p

- Broker targets at approx 50p

Is at 30p per share. Absolutely minimal risk that the bond holders will not be open to extending the bond due date.

Any conversion at 30p would be great for the company but not for the bond holders given the current share price. They would much rather extend the bond deadline then when the company secures the $150M share subscription by Xiwang at 20p per share be paid the full face value of the bond.

Martin Andersson, Executive Director and majority owner of Chaarat with his 46% stake, has attained this holding through a mix of converting loans to the company and buying on the open market.

The conversions and the buying has taken place over the past 6 years or so at prices between 5p at the lowest and 39p at the highest. His VWAP breakeven is 15p - 4x current share price.

He more than anyone will want to see this succeed and the $150m funding package with shares at 20p get over the line.

Deal is over a year in the making, legal agreement sign off and political risk insurance remain as the last few items to tick off. Sign off appears imminent.