We would love to hear your thoughts about our site and services, please take our survey here.
So they take out the Swedes, buy some licences, have cash for Botswana drilling and directors can buy a load on the very lows due to their options being exercised at 7p. Placees will be ramping this to high heaven to convert their warrants. I expect this to churn through very quickly similar to He1. Not impressed that they did not raise at 4p after the Anglo deal but this is Aim full of BS.
Crikey Seis that is a long time for a bank.
They had 23mill beginning of the week apparently so must be on the last dreggs now.
Https://www.voxmarkets.co.uk/rns/announcement/41e14050-8f26-4071-af1b-b14b45202366/ they keep adding.
I did have to laugh at this post cheered me up thanks
Given the fact that the first humans appeared around 6 million years ago, and this is the best JV ever in all that time, the price action seems a bit off imho!
Wonder how many the swedes have left now would of been good to have got a TR1.
Major Tom did I read that right you are going all in? Bit risky that isn't it?
Https://www.offshore-energy.biz/watch-as-three-modules-come-for-woodsides-giant-gas-project-first-lng-cargo-on-track-for-2026/ Think Woodside talked about using Modules for Sunrise.
FilthyLucre reasons to be optomistic are we have a potentional asset which could be worth millions to Baron if sold. Andy Butler got put on the board. He is the one doing all the hard graft for us in TimorLeste, we are fortunate to have him with his experience and connections. His options can only be exercised if he brings Chuditch in, note those conditions were not given to other board members which I happen to think is unfair. Andy Butler is the one who has put more cash into buying shares than any other bod member and as far as I am aware does not draw a huge wage. He is the only member of the bod who I trust to get this over the line for us. We need a route to market to be able to get a decent JV so its positve that Woodside are doing a concept study hopefully hear on that by June so we know where we are.
That is what we all thought Reggie they told people at the agm they didn't need to raise and they wouldn't raise until a Jv maybe they meant the shocking JV where they gave 15% away for a few million with TG, but read the rns they spent £1mill as they only had £3.65m left.
They had £4.6 mill left in June spent £1million since then no idea what on, maybe their wages they get paid ridiculous amounts. then they raised £3mill. They are not including the £750k guarantee in the funds £4 mill they say will be spent on preparing the drill. They will have to give away more of the asset either through a JV or do a huge raise hopefully the former. They need about £25mill if TG pay the 20% of costs. Everything will depend on a route to market. Will it be Darwin, Sunrise or a Flng if its Sunrise could be a while yet. I get the placees enthusiam to ramp this but the longs have been shafted, I do think the assets could be worth a fortune, but you have to be realistic, the bod have once again raised at a ridiculous price who is to say they won't do it again? They refuse to promote and don't seem to want the price higher to raise at reasonable amounts, for me we need a change at board level. Bring in people who want to gain value for shareholders.