Member Info for kr1988

Https://x.com/VSACapital/status/1897212093478404142?t=9A-g0sxXYOgDtC6mV4ij-A&s=19

This is new suggests next couple of months for the licence to come through.

I guess people were hoping it would drop ASAP but since its April at the earliest thats another month away people are going else where and will return early next month.

I think I heard it on a interview.

Just saw that Dai, I wounder whats caused this spike. Nothing on the BB with concreate evidence just speculation.

Their looks like their are two 8k buys but then a 16k sell so hard to tell if its a seller or just a one off sale.

Yeah I think thats spud but no updates until the end thats crazy all it will do is start the rumour mill people will start saying different things and rumours will be rife.

All they need to do is say Spud is complete and they are starting the flow testing it doesnt take much to update the share holders.

I agree, I think the key bit is around this investor they’re not gonna wait years for a return on their investment they will want this paid back asap.

It was also good news about production rates on the other assets they seem to be within expected range despite the cold winter the USA had

This is it, I guess its about getting what you can without being greedy. For a country like Tanzia im sure this will be a massive boost to the economy any money they bring in.

I thought that they had a second location to drill I thought this update was regarding this one? I cant really understand it all but either way its a delay.

I couldn't find the old chain for this so had to create a new one today. Bred have announced that the African Finance fund want to fund BRES's development, whilst only early stages they felt the need to announce it so seems positive. The SP has hardly moved yet this is crazy massive news......

KOD doubkled over night in value when it recieved confirmation that Hanoi were going to cover their costs for the build.

Another delay, the interview the other day suggrested things were close then the RNS says its now July to drill? How can things change so much in a few days?

I think the ML comes with terms ie how much Tanzia want from revenue so I think its a bit og a negiation now on how much they get before both parties agree on the fees to sign off the licence.

Are they maybe be an independent company who verify the results?

Oh 100% he suggested that the market isnt good value anymore and that he sold all his shares to an MM rather than an investor. I suspect he didnt care either way but preferred to sell to a proper investor.

I agree Dai, its like we might offer this but we dont know.....

What it sounds like is that they are selling it at the well head and then the off taker does everything from their. Makes it easier and they just turn on a tap and then come back every few weeks and check all is good.

Least its cheaper so hopefully no dilution needed from here onwards.

I havent got 43k lol

Its done now but no offical RNS? Shame as that would of been a nice bit of PR but never mind. Fingers crossed the SP doesnt pull back now

I’m hoping the sp maintains its level, quite often during flow tests the sp pulls back as people go else where during the 4 weeks.

Remember the sp peaked on news the drilling was complete so if it spikes 20% on news the casing is complete maybe consider selling into the news.

Yeah but next time they might offer 15 pence if it stays this low for too long. I suspect they will make another offer when the ML drops until then its the uncertancy and the fear that the Government will try and renegiate the deal.

No your right dai, getting in sub 1 pence you should see a good retuen.Its one of them shares that gently goes up and down and doesnt really spike.

You have to pay stamp duty on this however thats annoying.

Could they be buys instead Dai? Its strange that its creeping up despite the sells.

Im really hoping this share spikes one day or the results are good, I cant stomach another bad set of results.