Member Info for leas

Now up 21% Yorks, may also put a brake on those institutions reducing.... time to call off the ATs. :)

Fevertree, I guess any talks would have non disclosure attached. BoD's have been lame ducks and seem to prefer a sale of assets rather than developing and growing the company into a mid producer. All too easy to forget about our cash in the bank. Personally, I will be frustrated and annoyed if the company is taken out at below 30p. Some guys here have been waiting years for a return, not to mention the recent sp stagnation.

An offer from ONGC would not surprise me. They will know the full potential of the CPO-5 block. Ramping up of infrastructure and I guess a ramping up of drills if they get a deal. Time will tell but CPO-5 must be worth double our current MC. Our 30% production.

Colonel, I think most expected a TO but I don't think in the longer term that an offer below 30p is the best return for investors. I bet the BoDs knew about strategy on disposal on their last buy at 15p... sp currently 20% up!

Currently up over 11%... off to the races we go.....

Thanks schlemiel, just reading on the ADVFN bb. :)

schiemiel. What offer?

Margaret, seems that way. That said, it feels like a game of poker. I'm looking at a good hand, thinking of raising the stake but know the other players have seen the cards before they are dealt. I look to the barman (Giles Clarke) for inspiration, he smiles and nods as he pours another whiskey.
Off topic, I see that he has put IRON up for sale. Thinks it is a good idea for another operator to exploit their assets. Is he thinking of 'getting out of town' and hanging up his boots?

JP, just by the varied posts on here from members with different experiences and understanding of the market just shows that we have ideas and suggestions on a strategy. We don't all agree but we have ideas. Communication from the company could be improved, I don't mean having to release price sensitive information but just have a clear strategy that all shareholders can understand and make decisions on whether or not they see value being added.

Jtd's
the sp trend reminds me of when I held SLP. Very similar in many ways. Held them from 9p to 19p. Similar MC, generating good income, self funding, low cost extraction, failure to respond to PGM prices. Directors reluctant to initiate buyback scheme or dividend policy. Similar Geopolitical operating base.
I sold because I was frustrated that the company was sat on a pile of cash (shareholders cash) and did not seem to have any strategy of using it other than the interst from the Banks. Also largely ignored by the institutions.
I struggle to see why we are still listed on the AIM as there is a clear strategy of operating along side partners willing to fund exploration and drilling. No need for us to consider ourselves as a 'startup company. A move to the main market would attract new investors.
The BoDs seem happy wrapped up in their 'comfort zone' and not returning value to shareholders. A share buyback scheme, or a dividend policy would shake things up a little. What better opportunity to take shares off those institutions selling/reducing and eroding MC. Even a share consolidation of 10:1 would help.
However, I do see a reversal of the trend, it is just frustrating that there is no reaction to improving fundamentals. Eventually they do win through though.
SLP were trading at around 30p (last I checked) Not much has changed with the company from early last year but eventually the MC is starting to reflect true value. I think we have to remind ourselves that we are closer to 10p than we are to 20p. The sp more than reflects the poor leadership and risks associated with this company.

aalrc, I had your confidence in the company but sold out after the company heavily discounted a placing at 31p. A pattern of raising money after good news was developing. Also a number of regular so called informative posters on here dismissing any concerns claiming to be medical experts. No need in naming them but just like IMM this was always going to be a flip of a coin.
I have no doubt whatsoever there will be commercial success for the drug at some point but I suppose the question is for who? I wish you all the best with your investment and hope you can recover your losses, if not here then somewhere else.

tradeemup, ONGC are a Public Sector company and have no shareholders to appease. Not necessarily a bad thing but they wont feel any pressure in updating their partners. There does seem an urgency to put the infrastructure in place and I guess ONGC will be more vocal once that has been done. Keep things 'low key' while they negotiate sub contractors rates, not to mention any additional land purchases that may be required.

Yet another tender in CPO-5 block added. Their website would suggest that Colombia is the main focus in gearing up for production for now. I'm convinced they know exactly what they have there and infrastructure is the main focus before they ramp up any drilling and production. Page 55 details the scope of work and gives a flavour of ONGC's intention in the block.

www.ongcvidesh.com/wp-content/uploads/2019/06/Tenderdoc-Civil-Design-2019.pdf

That is why July the 6th could be an important date for AMER. If they are a successful bidder they become even more attractive. The sp would indicate that the company is a wounded dog at the moment but nothing could be further from the truth (at the current MC) As reserves and production increase they become even more attractive and their real estate thrown in for free.

Lanstead have been good to IMM in the past. They sold their shares into the rise pre P3 trials. There are a lot worse ways of raising cash and cannot see them investing with a high level of risk. From memory the last time Lanstead cam aboard the sp went from the low 20's to the 30s very quickly before rising to circa 180.
Not invested and certainly not intended as a ramp but IMM back on my watchlist after making me a very handsome return a couple of years ago.
TM, love him or loathe him but he had the foresight of raising funds at about 130p before the readout and probably saved the company from going under.
Lanstead will probably be aware of information that pi's are not. Don't be a victim of institutions taking your shares on the cheap. I was tempted to sellout at 19p a few years ago and eventually sold the lot at an average of 170. I know the fundamentals have changed but don't write off your investment just yet.
Despite the fallback Lanstead should be seen as a positive move.

Jtd's, great posting. Colombia very much on the watch list now. Looking at increasing reserves by 10% this year. Read an interesting article a few weeks ago on Colombia having to import natural gas as their reserves have fallen off so it is in their interests for exploration activity to increase. They are also exporting more crude to the US as production tails off in Venezuela.
AMER have been mentioned in the earlier article but now that we have confirmed 'big boys' entering the ring then the focus switches to them as Colombia will see it as good PR. We shall know in 3 weeks time so we may have some good news being reported by the company.

https://energy.economictimes.indiatimes.com/news/oil-and-gas/colombia-oil-auction-attracts-22-qualified-bidders/69598307

Maybe the seller has been made aware of Sol-1 result and has postponed selling until the news has been absorbed into the share price. The seller was happy to take 16p pre Cal-1 and took the hit on the disappointing news. Although I don’t think that drill was a complete waste of time as it may have provided essential data in understanding the block.

All ifs and buts..... how many ‘stale bulls’ will cut and run at break even? Only one winner here and it won’t be the pi.

If Sol-1 proves commercial then it’s another piece of the jigsaw in CPO-5. Also an improved understanding of the seismic data. Just my opinion but I think ONGC will ramp up drilling and production when they feel that the infrastructure is there. No need to rush as they have secured the reserves although you could argue that the PoO is a good opportunity to take advantage.
I know the risks and I am aware of the history of broken promises but it is our partners that will drive this. Everything lined up nicely now. If our seller(s) are still around then I hope the settlement price has been upped.

Bigsmoke, you mean your gloom. The majority of posters here have been positive and informative despite their paper loss at the time. Some see success based on the share price alone. Hopefully onwards and upward from here.
Glad your a little more positive and AMER returns you a decent profit.

crl123, STOB have 11.78% shares in ESL with Woodford owning a quarter. Significant shareholders under AIM 26 rule updated last week.

The difference between the 100,250,350 and small caps is Market Capitalisation and nothing else. All governed by the same main listing rules of the stock exchange. They have to have a minimum of 25% of shares in public hands.
The AIM is different in so much as it favours startup companies as their rules are slightly different and can be easier to raise funds if and when required. It doesn't require a trading record, does not require shareholder approval for acquisitions or fund raising and does not have any restrictions on the number of private shareholders.
Investment companies have their own in house rules when it comes to investing and their criteria may restrict them in where to put that money. Many stay clear of 350 companies and even more stay clear of AIM listed companies due to the risk element.
For example a company relegated from the 100 may trigger a further fall in the share price due to funds being reduced and transferred to a company that has just been promoted into the index. Over simplistic view but pretty much covers your questions.

Following link was updated last week....
https://eddiestobart.com/investor-relations/significant-shareholders/