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Correct, it wasn't 'blockchain related' previously. Now it will be very much strongly related with two blockchain executives full time! 1p = 14m. Still very cheap with those two names on it. Now definitely long term hold. gla
yup, and joining as Executives with immediate effect!! Jack and Shayne lots of skills in fintech and blockchain. Chairman Tone is delighted as they will be 'bringing their considerable skills to GST as we seek to develop the business'. gla
Did some quick calcs on cash inflow vs outflows and if mosman gets Cinnabar farmout to third party and keep 50% and pay for 63% of both planned wells(12% is for our onsite operator share in Cinnabar). Then Mosman should do well in 2021. gla
Amadeus 145:
Working with one JV partner to have both 2D seismic and exploration well funded. Probably will be 30/70. John Barr back in December mentioned as part of Amadeus plans for H1 2020 to have seismic work progressed. This JV partner news might not be that far away.
2021 US planned activities:
Not anticipating any equity raises.
gla
It was good to see again that share price held well as previously it dropped always back. Perhaps placing churn is now almost done if not completely done. Presentation and Q&A are tomorrow ;)
Not expecting any news yet. We might soon get a RNS stating preparations for Galaxie drilling commenced and with an estimated spud date. John mentioned back in December, the expectation was to have two producing wells by end of Q1.
gla
Directors:
51m @ 0.15p
50m @ 0.23p
Placees warrants:
200m @ 0.23p (exp. 14/02/21)
311m @ 0.15p (exp. 02/07/21)
376m @ 0.25p (19/10/22)
All together comes to approx. £2m. In reality around 65-75% get exercised. Potentially £1.44m additional money coming to mosman's bank.
gla
Yep, market and business fundamentals are good to support higher share price... perhaps we are seeing a good sign of mm running out of placees sells orders at this price level. Few more days of strong volume would be great. gla
Yep, not finished yet. quite a few 5m sells.
John and Andy have to provide in presentation a clear 2021 growth plans for US and Amadeus projects and how these will be funded. Hopefully John will not say, arghh due to covid we are not allowed to do much of planning. That would be very contradictive of Central Petroleum work activities planned for 2021. John Barr has to step up and start moving Amadeus 145 license activities. And provide the same for 155, what steps were taken, what has been discussed with JV partner and what was decided for 2021.
$1m pa was referred to operating profit. Which is actually very good for F1.
Currently they have funds of $1.75 in bank which should be enough for two wells that John Barr mentioned as being planned for 2021 (Galaxy and another one - potentially one on Cinnabar license).
Any cash flow coming from F1 and Stanley's wells should cover working capital and other expenditure related to Us business and Corporate cost. Most likely no need for placing in 2021 unless it is needed for Amadeus project. Which would be great sign anyway.