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I was thinking the same with today´s RNS. "Turner Pope Investor Evening" is like putting a massive banner out with "LOOKING FOR MONEY" on it.
RNS says otherwise. DS can say what he likes to his mates.
There will be no placing now.....until after the "Turner Pope Investor Evening" on Monday 11 February 2019. That is certain.
Jay_P, a no brainer investment, oh the irony!
They are mainly flippers IMO not long term investors. If you want to get in on the discounted placing action, you can do as long as you have a fair wonga to gamble. Sefton is off to present at Turner Pope a week on Monday. If you check their website, you will see that this company raises funds for AIM companies via placings and IPOs at a discount so that their HNW investors have a head start on the lowly PI.
https://www.turnerpope.com/
Nope, PIs are buying, large holders are obviously controlling the sells at their current exit price of 10p. That´s what´s been happening for days ever since the placing. Do you think that the "investors" that took part in the placing were here long term or to just take a punt on a spike on the Djeno? They are lucky to get their money back IMO thanks in part blinkered rampers on boards like this.
The share price doesn´t lie does it. 10p before and even after the Djeno RNS. How is that possible with so much positive private investor sentiment? LOL!
It´s obvious that Aaog need more money, those that believe they already have enough cash are in denial. Those holding shares in the last placing at 10p have been selling out while PIs have been buying them up.
This Investor evening is a week on Monday, so Sefton is obviously looking at brokers mates as the preferred option for the next raise. If not, there´s always Sandabel again.
Yes, another fund raise incoming I believe.
"Turner Pope Investments is a boutique Stockbroker, providing investment services to corporate and High Net Worth private clients. We strive to ensure that on a day-to-day basis and throughout our organisation, our client’s best interests are always at the very core of our decision-making process. Our mission is to set and maintain an exceptional standard of service to enable us to be regarded as a market leader in our sector by our customers, industry peers and all other associated stakeholders."
https://www.turnerpope.com/
More likely the new Vancomycin and Feb 13th is not long now away is it?
https://www.biotech-capital.com/companies/news/205625/motif-bio-waiting-on-fda-approval-of-iclaprim-after-tremendous-first-half-205625.html
Has anyone proved that UKOG get 71.9% and not 46.7% of the oil revenues yet? I know they get 71.9% for their share in HHDL but HHDL only own 65% of the Horse Hill licences. That is where the 46.7% overall interest comes from...
71.9% x 0.65 = 46.7%
I challenge anyone here to show me the proof via a link.
The smart thing to do here is to wait until they have started operations on R2 and Mengo again. By then they should have any required funds in place *if needed.
Those who gamble on everything being hunky dory are just that, gamblers. The SP is going nowhere here at the moment thanks to the 33.7% dilution of shares at 10p
There is a requirement to fund a) water injection in the Mengo to enhance oil production up to 400bopd b) Possible further funding for licence acquisitions c) money to "upgrade the topside facilities", d) money to drill the new well TLP-104.
They won´t raise all that amount in one go of course, they had just £0.9m for Outstanding and anticipated operational costs whatever that means.
Good post angelaj6611, the RNS did however state explicitly where all the net £5.5m would be spent. The money for acquisitions was only for due diligence, that's important. Any money that is left will be nowhere near enough to start operations on the Mengo.
The Company will use the net proceeds of the Placing as follows:
Complete well TLP-103C (including contingency) - £4.25 million
Outstanding and anticipated operational costs - £0.90 million
Due diligence over potential acquisition opportunities - £0.35 million
Total - £5.50 million
https://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/placing-to-raise--6-0-million/201901091134576455M/
Steady buying today and yesterday. Let´s have a nice update.
Good luck, personally I would like to see the SP back in the 0.09p to 0.13p range again. It´s quite possible now, just need some good news now the share is back on AIM again.
Someone is buying. They had it priced to go bust before the suspension, so a rerate is due IMO.
This is what it´s all about now...
https://boxhillplc.com/our-businesses/market-access/
https://accessthemarkets.com/
All now rests on the success of "Market Access" (see Going Concern in Full Year Report)
"The launch of Market Access is a critical element of the future of the Group's Payment Processing business. The Directors have prepared cash flow projections for the period to 31 October 2020, which indicate that the Group will generate significant revenue, profit and cash inflows within a short period of time. In particular, the projections demonstrate that the Group will be able to address current cash flow shortfalls, and that it will be able to meet its liabilities as they fall due for the foreseeable future.
The Directors are therefore confident that, following the disposal of the Emex businesses and the launch of Market Access, the Group will be able to generate sufficient resources from its trading to meet the Group's future cash flow requirements and settle its liabilities as they fall due. Therefore, the Directors are of the opinion that the Group has adequate resources to continue in operation for the foreseeable future and they consider it appropriate to adopt the going concern basis in preparing the financial statements.
However, given that the Market Access business has only recently been launched and there is therefore limited track record of revenue, profit and cash flow generation, the substantial achievement of the Group's cash flow forecasts represents a material uncertainty that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern. The Group and the Parent Company may, therefore, be unable to continue realising their assets and discharging their liabilities in the normal course of business, but the financial statements do not include any adjustments that would result if the going concern basis of preparation is inappropriate."