Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
If they spread it out over many weeks then I don't think the 3 million or so shares would make much difference to the price. A similar amount traded on the last Trade Update day.
That's old news:
https://www.lse.co.uk/rns/CRCL/sale-of-mambare-nickelcobalt-interest-bp6kjd1o9t7556s.html
The 2023 Angolan Onshore Licensing Round only just closed last week:
https://www.frontierenergy.network/news/2023-licensing-round-of-oil-concessions-republic-of-angola
Anyone know if Corcel bid on any of these?
Net debt of £2.5m just at the start of Christmas with most of the stock paid for. Even with the recent negative TU they are supposedly going to make some profit.
For some reason I thought this was going to do a Shoezone and multibag from lows. Sadly it looks like I was very wrong :-(
Bishop190: "How many more times do we have to tell people that the directors are not paid but take warrants."
I once though that, but Marfinn is right. Pegasus Petroleum which is owned by JA takes large fees out for 'management services' every year.
£1m is just over 3 million shares - they better start soon at these prices.
I've done most of the same, but I still hold some as we should get a 3% dividend and a very outside chance of a higher bid.
The conversion is only at 0.8 but in the meantime it is a nice 12% interest and I would assume it will always be unless the share price is much higher and it is worth converting.
I still think it is fair though - especially if they can negotiate more acreage.
If one decides that the SCS management-backed offer of £2.70 + 10p is the floor price, then it makes sense to buy-in now at £2.70 with the hope of further upside.
JP Morgan and now Goldman Sachs RNS a small holding.....
Sorry - I meant J.P. Morgan who gave the recent holdings RNS.