Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
"At 30 November 2018, the Group had work commitments of approximately €340,000 for the forthcoming year, in respect of prospecting licences held (31 May 2018: €440,000)."
"Placing of 3,636,365 new ordinary shares at 13.75 pence per share to raise £500,000 (€556,545)" 28 August 2018.
Results up to Nov 18 showed - Cash and cash equivalents = €53,773. Other receivables = €99,664
How much was wasted on lawyers due to PJ's and Heddles failed coup. Those two should have known better.
Mind you, if associates had a long running short, wouldn't that be something else. Imaginary hypothesis of course.
I said it was unproven in relation to TI. How many times do I have to state that. Of course certain eor techniques works in certain fields, it's an old practice. I never said eor doesn't work. That's a stupid statement. I have some experience of the subject matter.
I think you miss the point I was making RE going public. Folk here were practically saying eor will make squillions of dollars with no Capex. Nonsense. I was arguing if the co2 eor was going to be remotely cheap or a guaranteed success, they would have got funding off market on far more favourable terms.
Borninthe90s nailed it with his "people are in too deep" comment. They loose all objectivity and reasoning.
What makes you say 20p by eoy? Hopeful speculation?
They don't own the asset. Licence hasn't been renewed yet. Production is low. CEC wasn't approved last I checked. TVR is going to explode.
Hope you're right, but I can't see it. Unless you get the market abusing stock promoters and pump and dump merchants on board. Lack of volume indicates that's not the case.
Good luck with your investments 90s. Remember, don't bury your head in the sand like others here do.
Hedge - eor can work on certain fields. It has not been proven across Trinity Innit. FACT.
If it were a nailed on success, they would not be doing a trial project. FACT.
If it were a nailed non success, the company would not have taken it public.
Chancers - the Death Spiral CLN is taking the price down all by itself. Another FACT.
CEO shares from pre ipo mean Jack diddly squat at this early stage. Another FACT.
What will impress is if he keeps buying to maintain his percentage holding through all the dilution to come.
Good luck with it.
EOR behind schedule.
Fram purchase deadline pushed back (How would that be $4.2m be funded?)
Ireland - You'll be old and grey before anything happens.
Morroco - Early stage, could suprise, might not. Better shot than Ireland and Trinidad perhaps?
Cash hungry
CLN/Death Spiral in place
But it's ok. The CEO holds loads apparently.
Well the perlite institute has their annual event in Milan this year. It was Philadelphia last year....
I didn't check the pozz assoc....but you can see where I'm going with this. Or should I say, you can see where PC is going with this.
Increased resource presentation?
Where was that JORC qualified RNS then?
There was nothing of the sort, just a promotional presentation.
Option to acquire the latest tenement rapidly approaching it's expiry date.
There was 2 spikes created by pump and dumps recently. Interesting to see how management combat this. Either way, alot of people got caught up in the nonsense, will they be looking to dump or was that them who killed the most recent spike!??
Always fun and games with Paul Johnson vehicles.
15-2000 bopd faz. Quite the difference.
As always, profitability, funds and TVR reign supreme. Which you always neglect.
From the blurb on the met website.
"For the year ended 31 December 2017, Omega sold 749,000 tons of coal, generating revenues of $34m."
From https://www.dmme.virginia.gov
2018 coal production for omega of 437,333 tons. This includes 3,367 from a surface mine. The rest were highwallers.
2017 figures for were approx 450k from highwallrs, with 15k from surface mining.
Sales v production. It's a magical world.
Matlot, steelmin went exactly as I had thought myself, except, and the fat lady hasn't sung here yet, I thought that red rock were financing the refurbishment for the Italians who operate the other furnaces on site.
That is to say, red rock finance steelmin. Steelmin goes bust. Italians swoop in.
That view should keep helpless happy. He is known to run to his masters. Sit, boy, sit.
Geological speculation and swing trading are completely different things. I never said this was for swing traders. Any share can be traded like that. One particular guy, with a herd of lemmings, traded this. Wrote a very dubious blog. By dummies. For dummies. Created a nice swing opportunity for himself. And you, if you spotted it.
Tell me what effect did this have on activities on Botswana? A big fat zilch.
How many times did I say lines on a chart won't predict what the drill core returns?
How many times did I say people should invest in what they know?
I know about geology. I have a network of friends from uni or work that I can bounce stuff off. I invest in junior explorers, after doing some due diligence.
I know fuck all about biomed, IT, Shipping. I don't invest in those sectors.
I'm no great wise owl mate. I'm just not stupid with my money. If I have no knowledge of a sector I want to invest in, I either seek professional advice, or I find another sector to invest in.
The percentages I work on are those relevant to progress from grassroots exploration to feasibility study to permitting to production. I don't care if 90% lose money due to their own stupidity. I do care if it's bad lack due to market shocks, but not wreckless gambling.
I have the integrity to warn people off investing in shares they shouldn't be in, when they clearly know f all on the topics at hand. Wouldn't it be more advantageous for me to say nothing and let them buy in, supporting the SP?
You go on about intellectual integrity! That starts with the person making the investment, not me.
You and others should have the integrity not to act like spoilt brats throwing their toys out of the pram.
There's is a reason why they recommend amateur or New investors to seek professional advice.
Traders should stick to blue chips/forex. That tip is a freebie.
Lol, that was quite a special post lgo fan.
I said last week that this share specifically was not one for you to invest in, as you have, what is now safe to say, zero knowledge of basic geology or exploration.
"Don’t get sucked in. Pure speculation; nothing more."
Ffs, Speculation is the precise reason why people are in this share. 15,000+ km2 in the Kalahari copper belt.
25km2 gave the t3 project. Discovered and drilled to dfs in a few years. Great stuff.
Swing trading moronic rampathons apart (and it was stupid, as I said at the time), the rest of your paragraph was one of the most stupid things I've read in a long time.
Do yourself a favour, instead of trying to offer advice or investing in oil, gold, copper or any exploration stocks, actually go and study the basics of how these exploration programs are carried out, where they are carried out, and why they're carried out.
Avoid mtr because it is pure speculation. PMSL. Cracker.
People talk of the admin expenses vs money into the ground.
Take a bow Scotty.
Are out. An absolute shocking disgrace. But that's no surprise.
Prd are going to need a ball of cash...and what's worse is they have already signed and commenced a death spiral funding arrangement.
Cerp will pass the begging bowl first lgo. in the guise of an acquisition.
Excellent taylot!
Like I said recently, cash's quality of argument has dropped considerably lately. The best he does now is pull up on a typo. Shame.
To answer your question, no.
It's been mildly entertaining though.