Member Info for JPKiter

Agree this is confusing as lifting refers to pumps. There are workovers in Tunisia, but this would relate to approx 1400bpd if just from April.

AaBD, whilst extremely disappointed with the proposed deal, I have perhaps unwisely taken a bit of a gamble at the current SP.

With a few million in the bank as well, surely this is worth more than the current share price. Reading the RNS sounds like they have an asset in mind as this would have to be completed within 6 months (not much time for DD). Stanmix may use this opportunity to buy cheap shares and a controlling interest in AMC, effectively reducing the total outlay for AO KM and bagging another asset in the process...suspicious!

I'm probably being too optimistic, but the last holdings RNS showed Spreadex had 2.92% (3% threshold crossed on 28th of March) and there were 2 large trades on the 28th and 29th totaling around 16m. Could mean that they have 2.4% or possibly even 1.4%, without taking account of the following trading days consistent seller. Agree that they will continue to be a drag on the current SP, but a large volume day or two would clear this relatively small amount.

Currently hoping the poor SP performance is just down to Spreadex winding down their position. By my calculations it should be over soon. They are, in my eyes, the only likely continual large seller left in this zone. All others bought at 2p and Crux at 1.5p are hopefully longterm. Agree that communication is poor, but the next few months will see increased news flow by default )looking at last years RNS's, Annual financial report next month, AGM, Q1 results May, hopefully the result of the pump installation and workover. Plenty of opportunity in this period for the SP to regain these frustrating losses and approach true value.

Or have Hadron and Canacord come up with a deal to buy the EBRD shares, replacing those they have been selling down? Percentages are close. Either way, I agree the next month should be interesting.

Yesterday there was a trade of 139820, this along with the 700000 is far too similar a figure to the last cln conversion of 889820 not to be Riverfort selling.

Sell for their shares went through yesterday at 21.37p

We know from recent RNS's that the finance has been delayed due to a third party requiring security, surely this would have been known about. It was also said that the company "will make further announcements in due course", plural. Perhaps there is a subsequent to initial finance agreement and as yet unannounced deal/sale/partnership? Just a thought and possibly way off the mark.

No worries, I actually bought back in after the equity raise as I was happy that Riverfort were unlikely to be used again. Unfortunately the finance is taking longer than anticipated, but I'm hoping they are close to B/E and can avoid another CLN. Currently thinking they have sold most of the recent conversion so unlikely to drop further and if finance news drops there will be limited number of shares to buy resulting in a sharp rise. Here's hoping anyway.

They will get more shares (a larger percentage of the company) when they convert and at a price that has less risk i.e. large probable upside and less potential downside, making them much easier to sell and make a profit.

Hi Broker1, expected on or around the 4th October to be pedantic, perhaps they could also have forward sold a portion as Friday trades and drop seemed suspicious. Either way it suits Riverfort to lower the price even if they are currently making a small profit or loss. I bought more yesterday as I expect financing to complete soon and Riverfort's games will become irrelevant.

Almost certainly Riverfort. Not only will they be making money selling their recent conversion, but they have managed to drop the SP, gaining an even better conversion rate for the remaining $1.8m!

Hi TDT, ii took over EQI accounts last month the 22m could be that.

Haha MD, jeez I got it wrong again was the JIM nominee account. TDT the others in April's was 20.3%(280m) and May's is showing 18.02% (278.5m), honestly didn't actually look at the millions just looked at the percentage. Looks like someone else has messed up.

Yeah sorry was BONY not NRR

Agree the silence, whether forced or not, is adding to poor sentiment and volume, making it very easy for the share price to move downwards when there is a continuous seller. Fortunately, even at this rate if it is just NRR selling they should be out by the end of the month.

Others has decreased by over 2% This does include the NRR shares which were being sold down. It also includes a build of over 5% following the last fundraise at 1.75. Last months shareholding’s update looked like both were selling down at a price lower than bought. From my memory it looked like NRR were selling at a lower rate than others. Perhaps this continues. My question is why are others selling continuously at a reduced price and does it coincide with the vote that went the wrong way? Is someone trying to keep the price low?

Was just wondering if anyone else saw a 41m sell at 7.5p around 1pm that was cancelled shortly afterwards according to lse. Also visible on tradingview charts. Was it a mistake or does it mean the majority of today’s trades were buys? If that’s the case and assuming a large percentage of the placing was taken up by stronger hands/investors, then surely alot of the overhang could have been cleared today?

Hi TDT, very true. With the "others" it is very difficult. If JIM was holding 18m prior to the placing, these would have been counted in "others", therefore the others has potentially increased even more. Although this total did decrease slightly last month, it becoming quite a big unknown for me at over 20%.