Member Info for london_

Oilman - 60 + posts in one day, pumping the RNS (which did turn up to be fair). SP was above 6p. Oilman has now been deleted/disappeared.

Oilman - 10p after the next RNS? It was 10p when this RNS landed about 5 minutes ago LOL

So waiting on:

- Sale of LC news to create self-funding option.

- Future drills and results.

- October sales report?

Each of these, if positive and a real path to minimal dilution moving forward, should see the SP move upwards nicely.

I've not seen anything like it on other shares.

Lots of delayed trades.

60 million showing there at the close of play.

The SP held up nicely today. Why would it drop tomorrow?

Is the fact the remainder of the CLN was pushed through in one go a sign of something?

Hopefully Colorado news has a positive impact on the SP in Q3 and the ESP results show promise that can lead to financing without dilution too.

This has been the case for a while with HE1. There must be more stock available at lower prices?

I'm not keeping a track, but there could be an extra 4 billion + shares in circulation once the CLN is completed (if it follows current trends)

This happened soon after one of the previous conversions

No, the market wouldn't have.

In hindsight a £10million raise at 1p wouldn't have seen a crash to sub .3, surely.

Hindsight is a wonderful thing as a PI.

This is the big question I ask.

Yes, prior to the CLN there were grumbles about any future cash raise.

In fact, I thought HE1 were fully funded.

But anyhow, the CLN happened.

In hindsight, a traditional fund raise would have been better.

Now, IMO there are two potential scenarios:

1) Absolute corruption; this is free money for whoever the II's are. And whoever makes money brokering the deal. It could even lead to the II's owning that mjority of shares?

2) The CLN acted as a buffer - the II's say "show us the potential in the site, and if it shows the potential we will invest more or become partners". If it doesn't they've made a safe return on their investments based on the CLN formula.

3) Anything else?

Supply and demand I guess. The MM's must have enough stock to clear at the current prices. If they have a large supply, then even 40 shares might be a small demand currently. And more shares coming onto the market soon.

It's not really down 15%, in a sense that yesterday's closing price was inflated by a small trade.

Santiago, the price was artifically inflated at the close of play yesterday. This is trading at yesterdays price during the day,

MAREX are one of the market markers.

MAREX brokered the CLN deal I believe

I understand that there was a vote needed for further traditional dilution to happen.

Instead, the CLN happened.

As it stands, the SP has been decimated.

Could they have put it to vote for regular dilution (£10,000,000 up front at a SP around 1p/MCAP around £60 million) would've meant a lesser impact on the SP.

Is there any potential benefit to having II's involved with the CLN - potential future financing IF the ESP shows positive results?

My question is about longer than 10 days. Is there any benefit to the II's waiting longer to convert shares (like a quarter, when some news should be expected)?

It would be about half the jump IF there were to be such a rise.

Signing ceremony

Colorado

ESP

These are the 3 bits of (hopefully) positive news that are being waited on.

I do think the board should be releasing some form of statement at this point.

At this point, could they have gone via traditional dilution to raise £10 million (I know there was a vote needed for traditional dilution to happen). Is there a potential future benefit do going this CLN route? Is it blatant corruption?

And how EXACTLY is the £10 million going to be used. What's going on in Colorado?!

But it's AIM, hey ho!