focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Complete O/T, but GS just reminds me so much of Vincent D'Onofrio in the Netflix show Daredevil...
https://www.google.com/search?q=vincent+d%27onofrio+daredevil&tbm=isch&ved=2ahUKEwil-sao4OTuAhUK_RoKHRvPDdcQ2-cCegQIABAA&oq=Vincent+D%27Onofrio+d&gs_lcp=CgNpbWcQARgBMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIADoECAAQQ1DNqwFYyrMBYMHCAWgAcAB4AIABPogBbZIBATKYAQCgAQGqAQtnd3Mtd2l6LWltZ8ABAQ&sclient=img&ei=46omYOX8LYr6a5uet7gN&bih=610&biw=1280&rlz=1C1GCEA_enGB861GB861#imgrc=DGUBh9quyMwegM
https://www.proactiveinvestors.co.uk/LON:ALGW/Alpha-Growth-PLC/
Sorry RB, was referring to debt in the sense that these are convertible bonds as oppose to legacy debt from Widecells. Ref 7th Feb RNS:
The Company has therefore entered into a new financing and settlement agreement ("Financing and Settlement Agreement") to secure additional financing from the Investor for a gross amount of up to £5,000,000 with a commitment by the Company to draw down on at least £2,000,000 of funding, with the decision of the Company as to whether to take more that £2,000,000 being in the sole discretion of the Company.
My concern is that we're only half way through our commitment to dilution and you've confirmed my thought pretty much. We've only had £995,000 of the commitment. Question becomes would EHGOS allow the company out of its commitment? Perhaps, perhaps not!
While the board is quiet, has anybody been through to see how much of the commitment we've paid off? RNS on 7th of Feb getting us into this dilution agreement states we have a commitment to £2m and can go up to £5m if we elect. You'd hope (pray) they'd stop at £2m but we have that as a binding commitment. Having been through the "Issue of Equity and Pay Down of Debt" RNS' since, I make it that we've had £810,000 of our £2m commitment - can anyone confirm or correct?
https://www.spglobal.com/marketintelligence/en/news-insights/trending/pibmzq4bfettjbinjdzkza2
As per above, clearly Lido were pitching for non-equity "and advisory" departments but it fell through in Nov last year. Timings work for other research as to why they might want to get involved.
At a loss as to why people are so upset by the issuing of a RNS Reach... From the website directly, WSG have used the service for the exact purpose of Reach:
RNS Reach is an investor communication service aimed at assisting listed and unlisted companies to deliver non-regulatory news such as marketing messages, corporate and product information. It is based on the existing RNS UK-Regulatory service and has the same levels of efficiency, control and broad dissemination.
Other vendors subscribing for RNS Reach announcements will receive announcements sent through this channel but may choose not to display for editorial reasons. (It appeared on my terminal, for example)
What type of announcements can appear on RNS Reach?
Intention to Float – on AIM (main market is Regulatory)
Launch of new website/product/services
New production/distribution/retail agreements - applies
New contracts/orders/ventures - applies
Financial results/accounts (for non-listed companies)
Management Appointments
Financing/investment arrangements
Company presentations/events
Exillon Energy, the Russia-focused oil company, has said the East EWSI-571 well in West Siberia has confirmed 17.8 metres of effective vertical net pay. Due to the angled trajectory of the well bore, this exposed 30.6 metres of effective net oil pay for production, the firm said. The well flowed water-free oil naturally to the surface, with a test flow rate of 882 barrels/day on an 8.0mm choke. The well is the fifth development to be drilled in the area, with all of them giving consistent results. "They have thicker than expected net pays, confirmed a highly permeable reservoir and none has discovered an oil water contact, proving a wider and thicker area of high quality reservoir across the northern extension of East EWS I. All five wells are currently flowing naturally, without pumps," the company said.
The operational report from Exillon showed that well East EWS I – 571 confirmed 17.8 metres of effective vertical net pay. Due to the angled trajectory of the well bore, this exposed 30.6 metres of effective net oil pay for production. The well flowed water-free oil naturally to the surface with a test flow rate of 882 barrels per day. Well 571 is the fifth development well drilled from Pad 5 following the success of Exploration Well 50 in 2011. The company noted that all five wells have shown consistent results and all are currently flowing naturally, without pumps. The fact that the oil flows unassisted is fantastic; gets rid of so many extra extraction costs!
what does the chart predict it could hit in 4-6 weeks? And is this drop today anything to worry about? Thanks!
it is nice having life back on this board again. 2 weeks ago it was only me and Wilks!
sorry mate, I've searched for the roadshow but can't find much on it, what exactly are they exhibiting on the roadshow, do you know? to clarify, you're talking about EXI, not ORE, right?
is this basically the new ORE board? lol hopefully with more success!!