Member Info for JPP88

Totally possible scenario

Totally agree, a placing is priced in comfortably here now. Most so, the uncertainty is killing any sentiment. Either announce a placing or don't, either way we need to know.

I still think no placing.

The AGM addendum states:

"The Board is anticipating additional capital raising to be required before the next Annual General Meeting and considers that it is in the interests of Shareholders for the Company to have the authority to place new ordinary shares for cash. Also the Board considers it prudent to retain sufficient financial flexibility to meet both anticipated demands for capital, and any unforeseen challenges that may arise."

That sounds TO ME like they want the headroom to place shares if the GOI approval takes longer than expected, meaning their cash runway gets short. They only placed in December, why again at this low, low price?

Maybe I'm wrong, caveat emptor and all that.

We will see.

Crazy that it seems to have become almost certain that there will be a placing shortly.

The GM is now done and we are waiting to confirm that resolutions are passed.

Once out of the easy,Roland needs to get his PR head on and provide clarity on the 2.75b shares being used for headroom NOT an imminent placing.

We will motor back towards .20

Roland needs to provide clarity on there being no immediate need for funding and also get kn the PR wagon, and quickly!!!

Lots of liquidity now where previously there was none.....

I've topped up at .13

Too cheap now. Risk Vs reward.

Booked in where/when?

Roland needs to get some publicity out there focusing on just how great this deal is

Until then, we just have amateurs guessing and interpreting

This is proving very difficult to buy

To buy at .13 but NT NT NT

Like others say, a mid afternoon RNS caught a few out and many people will have missed it. A 7am RNS would categorically have created more hype but I suppose you can't keep things under wraps.

With a bit of PR (we're homepage of LSE currently) and lots of chat and messages on this forum, we will be in a better position tomorrow. The AGM completing and all resolutions passing (with no placing) will absolutely restore confidence. There may be a placing in the next 6/12 months but I don't see it short term, personally.

.15 is just an absolutely bonkers price to buy give the content of that RNS. Not a lot of negativity, plenty of scope for a viable, profitable business over the next 12/24 months.

I think the MMs were playing games today. I can imagine the buying pressure will be pretty relentless tomorrow, but we will see.

I'd have thought there will be hundreds of buyers happy to pay .15 in the morning.

2pm RNS caught many by surprise.

Either some huge sells that will show after hours or MMs playing games. Either way I think we will have a better day tomorrow with a slow rise in SP back up to .20

Crazy price if you can buy at .15

Last chance sub .20 here I suspect

Bid and ask just not moving at all today. Tiny trades and for every buy there is a sell.

Expect it to finish flat today and then the fun begins tomorrow morning.

It would only be 20/25% dilution, so nothing to worry about there.

There ain't nobody selling this morning.

Looks like people taken their positions now for the next two days.

Last chance at these levels today I would think.

FOMO will kick in later on in anticipation of AGM

Absolutely convinced this is our man:

"Working with a foundation on a private investment deal estimated at RMB 2.2 billion for a significant stake in one of the oil terminal Asia.

Alliance Formation & Capital Injection for Exploration and Production of Oil Block

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Secured commitments with one of the top oil and gas company in Asia and arranged capital of US$250 million for the initial phase of the exploration and production of a hydrocarbon Block in Asia that has an estimate area of 3,000 sqkm. Total investment: US$4 billion

Structuring of an Private investment in debt securities, equity securities and REITS.

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Structuring with a prominent conglomerate for their 10 commercial properties to be monetized and investing the funds in debt securities, equity securities and REITS.

Township Development Funds in Indo-China

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Generated over US$2.5 billion in investment funds for a Township project and negotiated an additional 5% for the company in equities in the newly formed SPV."

That final bit there... "newly formed SPV" is exactly what we have here. Special Purpose Vehicle is exactly what the NewCo is.

One more piece of the jigsaw in place.

Type "UK Subsidiary Joint Venture" into Google and enjoy some bedtime reading.

Totally normally to have a subsidiary company set up to line up a JV