Member Info for Mamms

I was just thinking about the approach being taken. By my reckoning PVR have already committed about €2.5m of our money to the site survey. They have committed €X to mobilise the rig to Broe - they surely would not pay for that to only see it sail away. They must already have finance in place or have a good feeling about the cash arriving - and soon. I can't make the meeting on the 12th but I expect that unless ToR wants to be verbally assaulted he must be working to resolve at least some of the outstanding issues. I wish APEC would just pay the focking money......

Rocklawn, I don't think anything other than a positive RNS (if you can still remember what that looks like) will drive the sp north. Any 'signs' of news are guaranteed to be false pump-and-dumps. This share is ripe for it...

https://www.upstreamonline.com/live/1840837/iolar-wildcat-dry-for-cnooc-off-ireland

Specul8 was sanctioned on this board I think but I see he was ramping hard on ADVFN yesterday but it never really got going...

Apec have made a real mess of PVR - maybe that was the objective from the start? Some affiliated entity swoops in with a bail out taking the lion's share of the company or maybe buys the assets out of receivership. They've been on weekly extensions since May. No one can explain the delay or more importantly no one can anticipate it's duration. This makes no sense. For those who say, the money is definitely on its way, even if that's true but it takes another 6 months then it may as well never arrive. They are more that 9 months late - something else is going on.

We have +/-1.5m in hand. I also reckon we have spent 2.5m already on the site survey (which we get back) if the cash comes through we don't need a further buffer.

Tomorrow's RNS will say one of three things 1. Money arrives. 2. Loan facility in place (very expensive and risky remember the last loan) 3. Fund raise under way. What would they raise? 23m 30m? So in toilet so not a good time for large numbers... Sigh, take your pick. 1. Is least likely unfortunately....

Do they have to say anything?

I see a number of threads from yesterday have been deleted. A bit like bolting door after the horse has left....

Lads, I really wish it were true but this share is on a hair-trigger and is perfect for acting the bollix with rumours and counter rumours. We've given up all the 'gains' yesterday as people realise there is no news, just pumping, and just as there has been no news for the last 2 months there is no news today. I expect to hear of a disastrous dilution in about a week to 10 days..... enough people bought the pump yesterday - it won't be so easily sold today....

I can't understand how we have got to the current situation. Why are APEC saying they have sent money when none arrives? I have never seen a transfer of money take two months and I don't care where it's coming from or going to. If there is some problem with a transfer it follows a procedure and that procedure would be known - why the week on week extensions, why not a 2 or 3 or 6 week extension? Why, if ToR believes the money is on its way, is he seeking to raise funds? I can't believe he made it all up to increase his salary. What is the gain for APEC or pretending there is deal if there is none? It all just makes no sense.

Yeah, this doesn't look good.

Does anyone believe Apec will pay Monday? I only see two possibilities, either they announce a fund raise which would imply they've known for sometime that Apec would never pay or they announce a loan facility in which case we are even more focked than I thought.

I really never believed Apec were waiting for the permit but in case you did, we'll find out Monday...

ToR and co options expire today.the almost got the so down to one tenth of the strike price.....

We need a miracle aka the funders to stomp up the cash....

The problem is not the permit. It's that the Chinese consortium has no cash.

Seriously, I and two or three others were really doubtful about Apec and that consortium from the beginning. We all shut up when the 'chinese authorities' gave their approval for the farmout. Was any due diligence done? They always looked like one man and a dog.....

That comment has no basis rpcklawn. If the money was there, anywhere, there would be no rout.

They've paid about 2 million towards the survey cost already. The only thing ToR is surprised at is that the Sapinda of the east didn't pony up any money even though it's in the contract....

Apec have no money, they are waiting for their 1m dollars too....

I wonder if PVR paid APEC's $1m? They now refer to receipt of $10m whereas they had said they were due $9m and Apec $1m.

Could explain what APEC are doing. Fock, fock and double fock.....