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Seisnav could be news on Bots, we are sat between block 5 and 9 so could have interest being shown there, could be Zambia drilling results or more licences being looked at elsewhere who knows, but there will be a reason for it.
Pas with all due respect Ceo's get away with milking companies because sharholders don't hold them accountable. Last thing I want to do is call an Egm but at the same time the board need to know its us that pay their wages. We have sent a factual and professional letter to them requesting a Q and A for all shareholders. Tim has acknowledged the request and sent it to the bod if they don't respond we will then consider going for an Egm.
The bod can not take up the stake as they are in a closed period I did email Arcm and asked about this, the response was a closed period relates to drill results, financial results and M&A that the company might be involved with. The way I see it the Swedish fund is giving us all a great opportunity to top up on the lows, come April we are going to have around 5 drills going, and I am very much looking forward to news from Botswana as well.
Spot the placess https://x.com/Stocksaimtrader/status/1758407701384556757?s=20
A separate announcement has been made regarding the Placing and Subscription (the "Placing and Subscription Announcement") which sets out the reasons for the Placing and Subscription and the indicative Chuditch use of funds to the end of H1 2024. It is proposed that the net proceeds of the WRAP Retail Offer will be generally applied towards Baron's indicative use of funds for the Chuditch project to the end of the first half of 2024, as indicated in the Placing and Subscription Announcement.
Also these funds only last until June so no JV and they will raise again.
pal they placed at the worse discount in boils history, heavily diluted ioyal investors and they have made no attempt to do pr to get the sp up, they have done the opposite and kept silent, it is **** poor management end of, they don't even have a jv.
baron is currently party to other farm-out and funding discussions which are ongoing and where progress continues. in addition, the directors believe that it is an opportune moment to re-invigorate baron's chuditch farm-out programme, emphasising government validation, partial funding from the farm-up and operational progress, in order to add impetus to other funding discussions. the directors believe that baron's large remaining interest in the psc is attractive to various types of potential farm-out and funding partners.
Ian think you answered your own question any decent business man. These are not decent business men.
https://moneyweek.com/24240/options-galore-for-yeo-as-he-assumes-cfo-role-at-wessex-120713-0940-80406
Mark my words they will keep raising and raising and diluting us all.
They have aslo managed to spend nearly a million pounds since June probaly drawn all their wages.
The Placing and Subscription is anticipated to raise net proceeds of approximately £2.7 million.
The indicative use of funds for the Chuditch project to the end of the first half of 2024, as shown below, is intended to be satisfied via the net proceeds of the Placing and Subscription supported by the Company's existing available cash. As at 31 December 2023 the Company had an available cash position of approximately £3.65 million (excluding a US$1 million bank guarantee and overseas account balances).
Jelly The Baron Directors consider that the Farm-Up by TIMOR GAP has a value to Baron of approximately US$8.5 million made up of a reimbursement for back costs of c.US$1 million and in the offset of future spend which in 2024 is estimated to be around US$7.5 million. The cash payments from TIMOR GAP relating to back costs will be finalised upon Completion and will be paid to Baron within 30 days of the Completion date. They don't actually get the $7.5mill yet.
They released the rns after market hours tonight retail offer closes at 9.0pm tonight lol when the brokers are shut.
The WRAP Retail Offer is expected to close at 9:00 p.m. on 15 February 2024. Eligible shareholders should note that financial intermediaries may have earlier closing times. The result of the WRAP Retail Offer is expected to be announced by the Company on or around 16 February 2024.
Yes they can Filthy they lied at the Agm told investors they would not raise at a low price, told investors they were pregnant with news, told investors they would be able to take part in the placing if there was one.
All the directors are milking the company. Got free options, Have done no Pr at all to make sure the price stayed low knowing they were going to take part at a low price. Nice little gravy train they have going here with high wages.