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Based on previous skullduggery of angs, you can actually assume all sorts of bad behaviour happening in background and no one can touch you. I think some placement shares have been used in a purchase and maybe sold for cash now for some reason.
The value gets sucked out by dilution. But the LTholders don't seem to acknowledge this and keep expecting the sp to regain lost ground. If the market suddenly values this at below 4p, then you have to be realistic on how much it would climb now. Look how ukog have decimated their sp over time.
RA, if this was 5p June 2018, did you not see sense at selling at 16p. The mind boggles. Are the long term holders really expecting miracle returns? 200% in 6 months would the final exit point of most sane persons.
E_AL Sometimes posters are put down for stating the obvious, but you make an excellent point on the uptake of placing subscription (compared to OO). I think that there should be some regulatory focus on the purchase of assets in exchange for shares timed at low share prices (when this has proven to be all upside for the asset seller) and at a point of time when there is perceived belief that in overall other prospects may be closer to fruition. Regarding the proposed gas asset purchase, usually a seller agrees to NDA and there may be a retainer bound to this. So it could be already adding to cash-burn.
Rxdav, No I don't offer a conclusion on Brockham. Another BOD may have managed the OO differently to raise effectively, with some practical reassurances. But in reality more cut-price shares may have now moved into bigger hands and maybe the price is presently still too high for the risk margins. Who knows? George said himself that they've been forced to bring this price down so low. I just guess that the 'powers that be' demand lower and this hasn't been happened fully yet, hence no real news. All IMHO
Can anyone explain to me the strategy of either angs or ukog in buying Doreimus out of interests in certain points in time? Is the a strategy beneficial to share holders ukog and angs or instead ore favourable to Doreimus & DL?
It's seems that some in here are banking on no good news making an appearance yet. Strange when it's coming from folk usually banking on things being on the near or immediate up. I think most agree that when some of the big players, like DL ramp, then that may be real a signal to get out. Each to their own interpretation, but I feel the dampeners may be really aiming to fullfill their own prophecy / agenda's. However, fascinating games in play as always ; )
The interviews appeared were subdued in nature and have some rightly said, have dampened the p&d brigade. But is Brockham being purposely played down. Leaving the well sedentary appears to cause more problems experienced i.e. hindering porosity in the performations. Leaving the well inactive while they delay things could cause more expense down the line.
The reason we don't know about the asset is so the ownership can be cleverly divided up. Then when are the full PR ramp, Angus will probably buy mores shares in the asset at inflated prices from these 'quangos' companies, using placement funds. It's win win for them all. Wake up & smell the coffee.
This is panic PR.The PI's are so used being left feeling shafted and moral so low. Usually the confirmation biased PI's are so easily seduced, but now the open offer situation has been paradoxical and rebounded because of doublethink in a climate of sheer distrust. Can we trust them not faff things up, both in business and operational sense?
B2HB2SL Very good question. This is an area deeper research. Who are the initial investors in assets?(which could inevitably be bought out at hyped up prices, bankrolled by placings and pi capital). What is their connection to the BOD, family, friends & associates?