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Oiler, buts it’s not a small amount relative to the market cap; also the warrants are at a 70% premium to the fundraise shares; and the fundraise shares were at the current market price. How’s that bad?

The thing is, on 25th Nov in an interview Craig Brown said ‘ hoping to start drilling within a couple of weeks’ with the two weeks needed for minor safety paperwork. The link to the interview is on their Twitter feed on that date.

So maybe they started then or maybe they haven’t yet. But given he said that, it’s raising expectation and it’s reasonable one way or the other to have had an interview or rns after that two week period clarifying the situation.

Going2sun, have you thought of trying dry January out...

If consistent with after hours loac price this should open at 1.38. Be interesting to see how the us close correlates to the uk open (assuming no news before then).

Rees, it doesn’t make any difference. You will never buy or sell loac or dddd and make more money from one than the other.

Ukraine gas prices are storming ahead. I worked out average for H2 was 28% more than H1 (with an upward trend throughout H2) and price for jan 21 delivery is currently 55% above the average for H2. That’s gotta be good for the share price.

It’s dropped a bit to $13.8 which still implies 1.36 dddd share price (13.80 / 7.52 / 1.35 which is LOAC price / share ratio / fx rate).

Having read most of that rns (particularly the context around the ceo loan), I sympathise with the board. As mentioned previously I’m no longer a shareholder but I would stick with the devil you know. Even then though you may end up with nothing.

It makes no difference which shares you hold AIM or Nasdaq - the shares will always have equivalent value as the market will naturally close down any arbitrage opportunities.

Wow, so the first thing the CEO does to manage any risk of three on board from metallon is to extend his personal loan from the company by a year. Pretty outrageous.

If I was in (which I no longer am) I’d vote for a change. I’m only out because of the last results when they couldn’t declare going concern basis; and also the CEO taking so much money and the company changing address to Cayman Islands or wherever it was.

Having said that I’m not clear who metallon are. Very little on their website with only a couple of press releases in last few years.

They’re only after representation though. They can’t make things worse.

RPStock, the company issue new shares which are then used to create the liquidity for Nasdaq ; they won’t be buying from existing aim to do that.

Magmanus, by ‘bag’, do you mean it’ll hit the price of Monday again?

Purplekey, I’m glad I generally don’t think the way you do about the world.

But they’re the same terms as the previous farm out agreement last year. Shouldn’t be a shock.

On the previous farm out attempt last year all extensions (and there were lots) were rns’d at 7am the morning after the deadline. So if they are consistent it’ll be tomorrow for an extension rns - or anytime for a deal.

Pleased with those results and very close to my estimate. Hopefully in the next couple of weeks they’ll be reflected in the price. Couldn’t spot the ex-div date in the report so if anyone else did please let me know. Ta

Agree with Alex. This may double / trip over medium term (a year or so and emphasis on the ‘may’) however stellar gains need phase 3 interim results on something of commercial value and we’re two years away from that point (seres are already there).

Well, I’ve got to say I’m very surprised not to have an update yet - far later into the month (by 3 days tomorrow) than any other update in the previous 6.

Apart from gas prices which are in a good place (however were 10% higher a few weeks ago) any ideas why today? I get a gradual increase makes sense but is there a underlying reason for such a large jump today ?