Member Info for kelsbells

I’d take 1.76 as it would pretty much make me a motif millionaire. In reality I’d probably be happy with 75-80p. Can’t help but be a tad nervous though, the fat lady’s warming up but she hasn’t started singing yet !

We’ll probably get an rns saying our convoy of trucks have been involved in a pile up after swerving to avoid sheep on the road , and parts of the 260 rig have been damaged and will have to be repaired back at the robotics factory which we estimate will take 160 days ......Ihowever aside from being facetious I’m sure the stars will align and we’ll get something going soon

Ezhik for what it’s worth (I know next to nothing) I’m lead to believe that with z-21 they’re going to either sidetrack or drill next to it . Apart from blind faith the one thing that keeps me believing is the unshakable belief that AC has in the project backed up by the unquestioneable very large commitment he’s made with his own funds

As ezhik will remember we were told over a year ago that the company would start to under promise and over deliver. If it wasn’t so disappointingly frustrating it would be funny!

Anything other than a take over announcement post approval makes no sense to me now

I can’t see how it’s possible to not get approval, I mean the fda set/agreed the parameters for our phase 3 trials ! However I would appreciate anyone playing devils advocate and giving any plausible reason based on known facts how we could get rejected?

Ezhik to keep faith with shareholders they have to go through with 180 contract, anyhow we need multiple decent rigs out there to make up for all the wasted time.. it’s almost 4 months since we started the preparation work at c-37 ! And still the right equipment isn’t there to try and complete anything meaningful... It’s just absurdly slow !

I wonder if our leader even manages to get to the toilet in time !

Petch in the words of your Instagram profile .. you really are your own special creation !

The more I think about it the more I believe that the lock down at motif is because we’ve got a buyer lined up post approval. GL and his small team have worked minor miracles getting us this close to approval. If approved they’ve won the war, combined with the fact the our expertise isn’t in the marketing and commercialisation space then surely a sale is the logical position to take? Maybe the partnership line was always a bit of a red herring?

Thanks for posting Ian , interesting. It does beg the question as to why as a small independent we wouldn’t look for a buyer post approval and say our job is done here?! Why keep on the fight trying to commercialise over the coming years.with a partner, when we could sell out for multiples of current sp and everyone bod, ii and pi could walk away extremely satisfied with the result ?

Ian being realistic no one is going to pay us $1bn for Iclaprim, half of that would be a serious result all round

I’ve just got a feeling the appropriate partnership may have been harder to source than they thought and we may be surprised that they’ve actually agreed a sale post approval

Getting the permits will give a spike here nothing more, ithey’ve spend €43m to generate pocket money...the permits would mean in reality someone needs to spend the same again to do anything vaguely meaningful.. how’s that commercial?!’ Answer, it’s not, which is why they’ll try their luck on another field they’re given for free, and keep mug punters on the hook of another dream

I posted the below here last August, people were giving me all sorts as it didn’t beat to their drum around the possible sale at the time, but it does highlight how easy it is tfor ast to carry on in Croatia of wherever and why a lot of punters get drawn in and lose big across the board on aim. £200m npv is completely irrelevant it means absolutely nothing if you can’t get oil, gas, gold,,copper, lithium or whatever you may be trying to mine or work over out of the ground commercially, and it’s unarguable now that ast have not being able to make it work ..€43m spent to generate circa €1.8m a year in revenue..you do the math!!!! that’s why dozens of these fields with npv of £200- £1bn are given away all over the world for next to nothing because most of the time they can’t be made to work commercially. Also, because you’ve spent €43 it does not mean you’re entitled to get it back, it doesn’t work like that in any business whether on a gas field or on the high street. It’s not a loan that someone owes you and you can call on it’s a speculative investment by ast that they haven’t made work.

People believe news of a partnership may well come after approval, I would think they’re going to have to mention commercialisation plans on the day of approval as part of the rns, as GL always said/suggested they wanted to be selling Iclaprim straight away. If nothing was mentioned on approval I would be concerned that they haven’t being able to get a suitable partnership. May however make a quick sale to big pharma more likely though

I suppose we won’t actually find out on the decision until after we close on the 13th with an rns dropping on the 14th ?

I’m expecting an rns next week saying the tender process is complete the rig will be mobilised and drilling at c-37 will commence mid Feb with results mid- late March. Switch off until then. Hopefully rewarded with a massive result

no probs harrizma, good luck all round

Harrizma in fairness to ajb we have had a lot of false dawns over the last couple of years and the posts you write now are very similar to a lot written over that time. 14 months ago we had a blowout at z-21 because the pressure was so great, and yet even with the oil blasting out we still haven’t managed to actually get it out of the ground commercially ! So while ducks maybe lining up and 2019 may well be our year, I think you should understand long term investors reticence in getting too far ahead of ourselves. Also going on about bus pass money isn’t a respectful way of having a dig at anyone..people invest what they can afford to invest and shouldn’t be be mocked for it