Member Info for MadChatter

Trust me, if anyone is onto a "sure thing" in shares, you don't tell anyone about it. You load up as cheap as you can.

Still watching this on the sidelines. This has definitely piqued my curiosity as to why it rose overseas suddenly

Longer the suspension better the news? Wrn suspended for 4 years now :D

If this were a fake news tweet they would have clarified in the later rns.

Wait, haven't they signed binding terms with the banks yet?

If not, the rns today cannot be good news because even if citic wanted to do a deal there is no bank support in place!?

Can someone please clarify

Keeping an eye on this now. Was in currently sitting on the sidelines.

It should be pointed out that as a main market listing, they are not obliged to put out a speeding ticket.

The trades overseas yesterday certainly looked like a leak.

That is true, all I'm saying it the sales to mcap ratio would really benefit here from a proper update! I don't think I've ever seen this degree of speculative buying before, and ive been in shares a long time.

If they announced £5m in sales right now I'd be the first to buy.

Crazy thing is, people probably selling here to buy ncyt. Which is rocketed up at least £30m mcap on only about £200-£300k of declared sales!?

Where Kat have a mountain of gold literally sitting there.

Crazy

Why in the pounds? Its already on a P/E multiple of at least 200 x imo.

Anyways. Good luck everyone.

Can they produce enough for demand?

How many tests have they produced to order so far?

Thing i still don't understand here is the mcap in relation to production capacity.

Until i see some numbers on that I'm happy to sit this one out (having already done 1 bag last week).

@fenakit
Ive been in and out of oil and gas shares a long time (6+ years), and in all that time I've not come across something that is the position boil are in.

The closest comparison that comes to mind is oex. Where the asset they have 49% of was valued much higher independently.

But we already know where boil valuation is coming from.

On the flip side, whether its debt finance, or some very early stage agreement with new buyer, this has to raise at least £500k in next 3 months.

Which shouldn't be an issue at all. They have the full range of non diluting options imo.

Thats a fair point. I've been in and out of oil and gas for years. I've never seen anything 100% COS before.

Infact, there are companies out there with wells 20% COS that are valued higher than this!?

I imagine most will stay in, unless this jumps over 1p today

Thats the thing mpd, and its a very important point.

The asset could be extremely under developed and need millions spent on it.

But if someone buys it off us for a huge sum who cares right? Its not like Boil will ever be drilling there.

Serious question, given the assets here, the fact that shell have rubber stamped their view of it, and the $300m sale last year, is 1p either today or soon unreasonable?

19m mcap, fair enough no revenue but an ungodly huge asset.

Thoughts?

I saw lots of comments about drilling costs etc today... Am i right in presuming Boil will not be drilling just selling assets?

Ukog went to half a billion on sod all didnt it?