Member Info for lebugue-addick

Providing DW updates us on a positive basis before next Friday that discussions need to slip into July because of the complexity of the FO deal personally I would not be too alarmed. As always communication, or lack of it, sets tongues wagging.

40/60
30/70
20/80

Any more bids along the lines of Dragon's Den - just speculation and fills the front pages I suppose

S4KS - "it may likely be Shell that buy into iw but cant say for certain." Think you may be getting a bit ahead of yourself there. Best wait until we see the RNS. None of us know what will happen though we all hope for the best.

P2012 - Unbalanced post 08.37. Not once do you mention the actions of the slovenians.

BB - Be careful what you wish for!

well it is nearly 6pm WA so that's fair enough

Gervaise Heddle, Chief Executive Officer, commented: "We are very pleased to have commenced field activities ahead of a drill programme that could begin to unlock the true potential of this project. The current programme is designed to test sections of the large chargeability anomaly, approximately 1,000 metres long, that was identified by the results of last year's 3DIP survey. Importantly, the results of that earlier survey illustrated that the existing sub-surface gold mineralisation identified by previous drilling at Firetower is spatially associated with the 3DIP anomaly."

£48k sell won't help sentiment - let's hope that's cleared the selling for today

every chance, when RNS does eventually come, it will be an intra day release either on ASX or here given the time changes (Perth 7 hours ahead, ASX 9 hours ahead).

It will be difficult to keep a lid on the information.

it will be the TERMS AND CONDITIONS behind the FO that will help determine the SP in the near term (assuming for the moment there is a FO RNS). A good deal will see SP way above current levels but a mediocre one will see little reaction. Hoping DW will not sell out too cheaply. GGP is a share where FO has not yet led to an increased SP but with bags of golden potential. GLA LTH

Talking of squibs or sick squids even, I would be happy if we reached 10 per cent of "sick squid". 60p would do very nicely thank you!

AIM4 - what Scunthorpe ? lol

the penny may have dropped for many investors today!

you forgot to mention the 1 million buy at 9.05am

DW was enjoying the Perth sun no doubt!

W.Aussie et al - Happy Western Australia day

no dcb here - just no news hence profit taking by a few lucky individuals

"Great to see strike length of target chargeability anomaly at Black Hills extended to 1,400m - spatially coincident with gold at surface and still open to the south".

Well pick up the loose gold at the surface and value it for us! All very promising still

Brom - please see article re soft farm out an extract of which says:

https://www.lexology.com/library/detail.aspx?g=da423e16-5bba-4db1-9535-2e5867b5ccc6

"In any such carry arrangement there are a number of structural issues which must be addressed between the farming-out party and the farming-in party. These relate to:

the specific definition of the costs to be incurred;
the extent of the carry offered by the farming-in party to the farming-out party (including a possible cap on the intended carry costs); and
whether any part of the carried costs which are unspent should still accrue to the farming-out party or should remain with the farming-in party.
However, the most fundamental issue to consider in respect of the structuring of any carried costs interest under a farm-out agreement is whether or not all or part of the carried costs paid by the farming-in party are later repayable (from the proceeds of sale of produced quantities of petroleum) to the farming-in party by the farming-out party. This will be a matter for negotiation between the farming-out party and the farming-in party.

If the carried costs are so recoverable by the farming-in party then the carry is popularly described as ‘soft’; if the carried costs are not so recoverable by the farming-in party then the carry is described as ‘hard’. A hard carry is akin to a further element of consideration payable by the farming-in party (which ordinarily would not be refundable by the farming-out party), whereas a soft carry is akin to a form of loan by the farming-in party to farming-out party (which ordinarily would be refundable by the farming-out party).

Where the farm-out agreement provides for a soft carry then the farming-in party is running credit risk on the eventual repayment by the farming-out party, for which the farming-in party might require the provision of some form of collateral support in respect of the farming-out party’s repayment obligations.

While a carry arrangement may provide the means for a farming-out party to finance its share of ongoing costs under the concession, it will not be as valuable to a farming-out party as upfront cash consideration that is paid on completion of a farm-out. A carried interest will delay the value received by the farming-out party as a result of the divestment of part of its concession interest and introduces additional risk for the farming-out party."

DW has with this RNS effectively signalled to investors that this is the time to get in without actually usually the words. He couldn't have made it any more obvious imo. The most energised his RNS have been in a while.