Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Proposed share consolidation of 1 share for 1000
"The Board considers that having nearly three billion shares issued has created a negative perception of the Company and also exposes shareholders to undue volatility. Accordingly, the Restructuring is proposed with a view to improving the liquidity and perception of the New Ordinary Shares."
Back from suspension...again!
https://www.investegate.co.uk/boxhill-tech-plc--box-/rns/update--return-from-suspension---board-changes/201901300700024618O/
https://www.investegate.co.uk/boxhill-tech-plc--box-/rns/final-results/201901300700024582O/
https://www.investegate.co.uk/boxhill-tech-plc--box-/rns/half-year-report/201901300700024603O/
Nite bonker99, beauty sleep?
This isn´t David Sefton, no way!
https://www.youtube.com/watch?v=18JmieM8SFc
More here...
https://www.youtube.com/results?search_query=david+sefton+anglo+african+oil+and+gas
David Sefton interview after the placing. I don´t like the cut of his jib...but that´s just me.
https://www.youtube.com/watch?v=otgbmPplQkU
1 in 4 is all you have to go off until otherwise stated. Fact!
bonker99, if you look back far enough through my posts, you will see that I have been "glass half empty" here for weeks. The 25% cos means that there is still only a 1 in 4 chance that Djeno will be commercial on the next attempt despite the "discovery" announcement.
bonker99, check my posts, I´m a glass half empty kind of guy. That has served me well on the AIM market thanks.
Ok bonker99, seeing that you have twisted my arm, I´m going for a sub 10p placing required for the Mengo/R1 for ongoing operations to get the well to flow up to 500 bopd. How much? Not as much obviously as would be needed to drill TLP-04.
The placing will be at a discount to the SP as and when it is decided. That´s if they don´t have to rely on phoning up Sandabel again. To think that there will be a placing a premium is dreaming.
Well you asked me for a price, I gave you an honest opinion of the range tomorrow. Can´t you do the same?
What´s your range bonker99 then for tomorrow? High and Low?
My opinion is that depending on sentiment and the persistence of the rampers trying to pump the SP before they sell out I would expect a high of 12.5p and depending on 10p flippers continuing to dump their stock before the next placing, a low of 10p.
eggonaroll the SP spiked over 40% when the RNS came out, obviously people hadn´t read the RNS carefully. SP finished just below 11p. More like it.
The most amazing thing about today´s RNS is that PIs still want to buy in while the 10p flippers have been selling out thanking God that David Sefton didn´t say it was a duster. Placing is imminent.
Yes, the oil is down there alight but the Djeno main target is offshore where all the majors are. A discovery of hydrocarbons was obvious really, but will it be commercial being drilled from onshore??
A "discovery" does not mean they have found commercial oil, just that hydrocarbons have been encountered.
Here are some extracts especially for the rampers...
"Due to poor performance of the rig throughout the Well, the Company has decided for safety reasons not to attempt to drill further with this equipment."
"The Company has received technical advice that it should upgrade the topside facilities before attempting to produce from the Djeno."
"Wireline logging confirms the presence of a 12 metre oil column in the Djeno proving a functioning reservoir in this formation in the Tilapia permit area. This discovery brings the combined total of oil encountered by the Well to an aggregate of 56 metres across the identified horizons." .... "discovery"? what oil flowed from Djeno and what was the quality and was there any water/gas, where are the core samples being analysed??
bonker99, you are clearly ramping for your own gain. There is plenty of risk here yet. Next is back to Mengo and R1 commingled at possible 500 bopd after some funding for water injection. Republic of Congo isn´t Europe..lots of things can delay progress.