Member Info for longshorttrade

Well you can't beat a good conspiracy theory !!!

Hopefully the US can step up in the region as a whole to act as alternatives to France and Wagner.

You can only close out now on spreadex. No more buying available which is usually a good sign.

Is it not the case that the shares get cancelled and then relisted, hence the re admission doc , that is my understanding anyway, i don't read anything sinister in this just a different way of putting it.

I will settle for that and who knows in the meantime ceasefire in Sudan, lifting of sanctions on Niger by ECOWAS (both had mantion in press this week.

Ad docs hopefully 1st Feb or before.

I also think 15p without SS Deal and no debt restructure, No excuses now for no completion on debt as that could be what underscores the SP at between 25-30p

For a day last week we were valued at £35m, raise £0.5m and £10m wiped off price, oversold now hoping buyers return in next couple of days.

Fair point KK

So if we lost in the ICC and Chad govt are deemed to have compensated EXXON do we then seek to recover everything we spent on the deal from EXXON ?

For me there are 2 big things that need to happen for any chance of price rising on re admission , i SS Deal is done , 2 Acugas finance has been restructured on very favourable terms. We will also be including negatives which will impact SP that have occured since last traded.

Chad nationalisaition and ICC case ( we spent alot of money on this and at present have no sight of a cash return or generation)

Niger: Again spent alot of money here including fund raises at higher sp (some people say the broker put no value into SP for Niger, however the market will be all over the fact that we will have missed another deadline albeit not our fault)

Our debt position has increased (was it a one off currency conversion (we are still getting paid alot in dollars)

I have been in this share along time and the areas in which we operate currently offer more risk than reward and that needs to change.

So AK pull your F--kin finger out

He isn't suggesting that at all, just stating a fact that we waited nearly 2 years for Govt approval after adm doc issued and resumed trading.

I also questioned cash burn weeks ago and got shot down in flames.

However why raise so little , do we have partner willing to put significant cash in as soon as FDA approves ?

Good it was oversubscribed and can possibly see us being back above 2.5p very soon

Would be surprised if their are no large orders being worked here and i expect decent delayed trades to appear over coming days. Excellent Rns

Thats fine TB no offence taken and appreciate you pointing it out, i consider current price to very good value FWIW

Not massive amounts but always good to see, certainly suggesting they they think the issues will be overcome.

On another note they were hoping to have an offtake and possible project funding in place before year end if this is to happen then only 25 trading days remain in 2023.

My mistake but still not a big cash runway and nobody answered the point about is that Prevail money ringfenced for Clinical trial, my point is if IND is delayed into the new year we will probably have to raise cash ?

Why is everyone so critical and snidey on this board ?

Read the half yearly report

As time passes i do worry about fund raise and at what level as we burnt cash at approx £800k per month in 1st 6 months of 2023 and only had £3m ish at end of June, i know people mention Prevail injection but surely that would be ringfenced as it is due to pay them for clinical trial data.

Iam very aware that if hold lifted and FDA approves SP will re rate but whilst everyday this doesn't happen we still have to pay bills, salaries etc

Maybe the prevail money will be used as cash flow i don't know but really hoping news is only days away and good news at that.

TIL Sorry but i don't agree with you re opening price with no deal. Negatives to share price since suspension

Chad deal in the courts and nationalized (we haven't traded since these were announed)

Coup in Niger (We won't be producing there anytime soon and we have tipped hundreds of millions into this)

As yet no debt restructure and we have seen interest rates change hugely since Dec 2022

Big hit on currency conversion

These are Big negatives and this is aim so sorry i greatly respect your input but these will be recived with negativity if no deal.

However these can be negated with, Debt re structure announced and deal concluded , and who knows a Chad settlement in the next 6 weeks.

The latter being my hopes.

Only 82% of clients long on Speadex