Member Info for Jarv55

Working Capital Noting the creditors on the balance sheet and existing forward commitments, including the costs associated with implementation of the site survey at Barryroe and the proposed business re-engineering, the Company will require to put in place alternative financing arrangements in order to provide it with sufficient working capital beyond the end of September 2019 in the event that the APEC Loan Amount is not received. Accordingly, and noting the time required to put in place alternate financing arrangements, the Company can confirm that it is now actively exploring these alternatives, and further announcements will be made in due course, if required.

Site Survey to Commence This WeekOn August 9, 2019, the Barryroe Partners confirmed that they have received permission from the Minister of State at the Department of Communications, Climate Action and Environment to undertake a seabed debris clearance, environmental baseline and habitat assessment site survey (the “site survey”) over the area of the Barryroe field within SEL 1/11. Whilst the full implementation of the site survey is subject the receipt of the APEC Loan Amount, the Company announced on August 20, 2019 that it had agreed the payment of the contractual mobilization fee. Based on the prepayments made to the Contractor, the Company can now confirm that the vessel has mobilized to Ireland where operations are expected to commence later this week. The projected programme provides for a minimum of two locations to be surveyed at this time with the scope to increase the number of locations upon receipt of the APEC Loan Amount.

Site Survey to Commence This WeekOn August 9, 2019, the Barryroe Partners confirmed that they have received permission from the Minister of State at the Department of Communications, Climate Action and Environment to undertake a seabed debris clearance, environmental baseline and habitat assessment site survey (the “site survey”) over the area of the Barryroe field within SEL 1/11. Whilst the full implementation of the site survey is subject the receipt of the APEC Loan Amount, the Company announced on August 20, 2019 that it had agreed the payment of the contractual mobilization fee. Based on the prepayments made to the Contractor, the Company can now confirm that the vessel has mobilized to Ireland where operations are expected to commence later this week. The projected programme provides for a minimum of two locations to be surveyed at this time with the scope to increase the number of locations upon receipt of the APEC Loan Amount.

They should stop messing around and get it drill ready and sell it and not to Apec

Agree bigbench the asset is worth a fortune just get it drill ready and sell it if they have to

The re-rating has also been driven by news that Adept4 has entered into a non-binding agreement to acquire Cloudcoco, a profitable company that offers cloud and related technology solutions and one with a strong and growing pipeline of business. It was established two years ago by the former directors of Redcentric (RCN), a UK IT managed services provider. If the deal goes ahead then Adept4 will issue 218m shares to the vendors to give them 49 per cent of the company’s enlarged issued share capital of 445m shares, so reducing MXC’s stake to 15.3 per cent. Do we think Mxc will buy more of the company?

Established in 2017 by former sales directors of Redcentric, CloudCoCo's team of cloud and connectivity experts leverage the capacity of its large supplier ecosystem to provide unique technology solutions to customers in order to optimise and transform their businesses, Adept4 said.

It said the business is already trading profitably and has a strong and growing pipeline.

Think they will sell the lot at least they are selling responsibly at a steady pace.

Buyers coming back now

How big is Adepts customer base?

Simon Duckworth, Chairman of Adept4, commented:

"We are delighted to have agreed heads of terms to acquire CloudCoCo which has a proven salesforce with an enviable growth track record. Subject to completion of the Proposed Acquisition, we plan to drive growth from both Adept4's existing customer base and CloudCoCo's own customers and pipeline. Furthermore, the associated proposed reduction in the Company's debt would strengthen the Group's balance sheet and demonstrate the strong support of our largest shareholder. We see this as a very positive step to return value to shareholders".

Canoncan are these backers of Cloud coco? https://www.dacbeachcroft.com

My gut feel is Ad4 are going to surprise a few the chart has plenty of upside in it even with dilution.
https://invst.ly/bzbvj

They closed this morning gap which is good

Sam bit of advice as you sound like a new trader no offence meant diversify never be all in one share

Sam as you can see profit takers came into Ide can't blame them that is some lovely gains

You can trade on iweb and Halifax now

Wahrani I did the same so much more peaceful

I don't think it will be long before we get an announcement here

Sam personally I would stay put or buy Mxcp the mothership

tidd think pvr and logp need to give a full explanation in tomorrows rns this is getting beyond a joke