Member Info for JimJIms

Debt isn't quite cleared yet, there is a deal in place that if completed will make them debt free/cash shell etc.
Realistically though they will need to raise cash again for an actual asset purchase (unlesss they managed to sell the rigs).
The current (now overdue) raise was for working capital.

Jonah58 this share progresses at a glacial pace, expect nothing to happen - if I were to guess until June (long stop date for the debt deal).

The Company was advised by the investor that the proceeds from the subscription are expected to be provided to the Company by close of business on 7 February 2020. In the event that the proceeds are not received by this date, the interest shall accrue at a rate of 8% per annum, calculated daily until the date the proceeds (and any accrued interest) are received into the Company's bank account, in any event by no later than 28 February 2020. The Company will make a further announcement on receipt of proceeds, at which stage, an application to admit the subscription shares to trading on AIM will be made.

You welcome Darth. But you keep asking, cos the truth is out there........

I dunno how you do it Darth.

There used to be a poster here called Delboy wasn't there? Don't remember a trigger though Darth.
Problem is too many people with multiple ids these days very hard to keep up.

You're in a lovely mood Darth, 3 thanks. You flatter me Sir/Madam.
Rampers would start a thread pushing the investor as the title.

.......so anyway as far as we know Sibo, Abhrams, Land ocean, Sramek and Pablo escabar.
That last one makes the pharma connection make sense know. Hong Kong is a major shipping port....it's all adding up now.
Also and I'm surprised you didn't spot this earlier, but Sramek is an anagram of Skamer.........

so Darth Ramper, how many did you buy?

I'm a bit hurt that you actually bought in here and didn't mention it and since then have been ramping on and on about the big new mystery investor. Tsk tsk Darth.

You rumbled me Darth I don't know. ...
or do i.........

I'm surprised your chart hasn't told you.
On a serious note though, I honestly don't understand why you couldn't find out. It's been posted on another forum with hours of the RNA. Hint it wont show up in google.

Also.....hang on a minute when you did buy in? thats so sneaky.....you know I was waiting for your signal.

It's nice that you said Please Darth, but as you're sounding quite desperate now and I'm enjoying the sideshow. No.
But for now I'll just help by saying I watched a Netflix show about Pablo Escabar the other day.......just saying, the guy had a lot of free cash.....

Which makes it even stranger Darth that anyone would think I was multi Id ...I want everyone to know it's me posting as I'm sure to elicit a "oh great(!) Hes posted again " response.

Oh dear Darth its spreading.

If its a performance related bonus we'd all be happy with that.

In Summary, rinsed now repeat.

Thank you Darth, lets hope its a good year for everyone. There will be winners and losers this year, that's for sure.

Agreed, its not looking good yet, but then it's not quite looking are dire as it has been either for the last 3-5 years.....Star is a strange beast, with the debt potentially cleared (nothing certain till its done as we know from the Rigs sale).
So you're left with a company with no debt, some rigs and a team looking for a new Golden asset to reboot with. Doubt they'll go under now if they clear the debt, but they don't have a lot of spending cash. Could go either of two ways, nothing much happens for months then a cash raise for new asset or they find (potential) rig buyer number 2 and also raise extra cash to have a decent pot to play with for a new asset. Their track record for buying wonderful new assets its pretty **** poor though with a few years of trying before write offs.

Either way those people on high averages wont get any satisfaction, they are high and dry now, whereas the "star" investors should see some kind of rise from these prices. Traders like us could get some giggles along the way if the volume rises and the joke spread comes off.

Oh Darth you really have a wild imagination - no one is suggesting you're a multi id poster other then yourself.
I've told you already, you are my favourite poster of all the ids here.
So it's only right I pop in from time to time to say hello and happy new year to you. We have many fun months ahead of us.

*you're...........grammar police.

Oh you're in a grumpy mood Darth, I just said good morning and your triggered. 2020.....

Morning Darth