Member Info for K3VMC

BigBear2, my point exactly.

Everybody can’t be correct, but I’m happy with any kind of JV, because any kind of JV will get the stuff out of the ground, sold and added to shareholders funds.

What’s to argue about?

Clearly, most of them, and perhaps all of them, will be wrong.

Nothing wrong with and O&G company, that a billion barrels of oil can’t fix. AM led the way with his buy of 665,000 shares at $0.58 in January of this year. I presume it was CAD and not USD, as reported on LSE, but it’s still a chunk of change at more than double today’s sp. That was before Peter the Great II decided to push his presidential perambulator westwards, chucking his toys out as he went.

Anybody calling this a losing trade from here is very, very cautious. Nothing wrong with that, but maybe the ftse100 is more their cup of tea? Even then, nothing is guaranteed, but most of the time, they can hope to get returns somewhere between the building society and inflation rates.

I’ve got my average down to 16.67p. Almost exactly 1/6th of £1. Just saying. I don’t expect £1/s, but it would make for nice, round numbers.

kdogg

"I really can't see any company wanting to JV until they know we are financially secure in the long run either."

The whole point of an oil major taking a JV with COPL is to have immediate access to a billion barrels of oil. Do you think Exxon needs COPL help fund that production?

Me neither,

EXXON JV news must come by then, Shirley.

Eazy

"Just in case you missed it… THESE ARE CONSERVATIVE ESTIMATES ;)"

Is he getting conservative mixed up with Tory?

Any kind of winner would do me, right now!

Wow!!!

CAR3Y and donalb, that all seems very compelling to me.

What’s it worth to the EOG sp? Any ideas anybody?

HappyDays2U

Every board has at least one muggins. Mostly I ignore them, but sometimes I get bored and like to play.

Thanks for the heads up, though! :-))

mugginsthedog

“ Given the massive discount to the then SP even a rubbish BoD like this should be able to raise funds.”

I respect your opinion, although I completely disagree with it.

The root problem has been over trading, by taking on too many of the opportunities available to it, without adequate finance in place. Finance has been in very short supply since Covid, made worse by the Russian war.

You aren’t awarded best British company in China by being rubbish, with a rubbish bod. All imho, of course.

mugginsthedog

“ Looks like the broker offer was a disaster raising £0.815m rather than the target of £2.5m.

What a shambles. How can the BoD continue?”

The bod raised almost £11m in a rubbish market, including £0.5m from their own pockets!

That’s how the bod continues, obviously.

TT-T

“ Not sure I understand the reason they scaled back the broker offer. People have posted on here that they were scaled back 50% or so, as existing shareholders. That seems strange or was the offer never £2.5m??”

I posted I was scaled back 50% and I’m not sure why either. TPI broker said the phones were manic when they announced the broker offer, but looks like the momentum dried up. I have no reason to doubt the £2.5m target, and the way they extended the deadline suggests they were struggling to reach it.

I doubled my order, expecting a scale back, so I was relieved I didn’t get the lot!

Biker888

“ It was down on LSE site,up now thank.”

If you could get L2, you would see that the MMs put up their spreads at different times, so you can’t work out what’s happening until they all declare.

Decent entry point and start of collecting dividends.

:-))

23.5p also buys

All buys

Spikeyj, hi!! Long time. I hope you are well, also!

Yes, I agree there should be a RNS to confirm share numbers etc. I was placing a trade this morning and just asked my broker how many DVRG I had got in the placing. As I posted, I was scaled back 50%. I’m only assuming that was down to over subscription, but maybe somebody just doesn’t like me! :-))

Stas20

“ "Some very large buys."

Where are you looking, certainly not here, unless you think 50,000 is a large buy?

Well, one of those 50k trades was mine. It wasn’t my only buy today, but I agree with you. An individual trade doesn’t mean much.

Better to ignore trades AND chat rooms! I’m going on the future prospects, as I see them.

comeonvog, thanks, although i have no idea who Bond is. :-))

If it walks like a duck and talks like a duck, that’s good enough for me.

Oiler87

“ No real progress been made.

Did I miss something? Was the oil major doing DD on a JV announced previously? Or is that what you call “no real progress”?