Member Info for matherdj

Whoever bought those shares drewky was a bit of a fool or has too much money. I reckon he could have saved 15k or more if he had spread the purchases out. The likelihood of news at the time and even now is low. Still a bit of waiting to go.

I think he might eat too much. There's always a balance.

Absolutely agree that solo are a chain around their neck they could do without and I expect a deal to be done. I also agree an egm is necessary to make sure its not thrown back into long term future investments and a return given to shareholders. A dividend has been spoken of by NR, but I don't trust him to manage it in a way that's best for shareholders both in the short term and long term. BD, your example of 50m split into 35 dividend and 15 to fund current investments sounds wise although I hope the 50 is higher or there is a free carry of 5%. I have 370,000 shares that will support the egm.

Nice title switch drewky. It will be interesting to see what tomorrow brings. Can't be far away from news and I think there are many previous, new and others who simply reduced investors sat on the sidelines waiting for a sign of change in sentiment. Will today be a turning point or a false start? Time will tell but things will unfold over the next couple of months and it can't come soon enough for me. It's been a long, patience testing year.

Looked to me like one big buyer with some smaller ones following unless there's some technicals I'm unaware of. That wont last long with over 250k today. They seemed to be in a rush to get in and probably paid more than they needed to because of it. I'm not expecting news this week, but would seem they are.

I think people know this is very undervalued and have been waiting to get in. They see it rise and all pile in. I don't think its a leak just a bit of heard affect but we shall see.

Or that his targets weren't the correct ones to be chasing.

Aminex have paid for the license fees, applied within two years, and I'm not sure why you'd think the 25% would be targeted at solo's and not pro rata.

You have worked in oil & gas in the financial department. In your opinion, if eclipse pay market value for whatever percentage is on the table, by owning 30% of aex that clearly needs money to progress one way or another, are they by default paying over the odds or getting a discount or maybe no difference other than taking on additional risk/potential?

@vike (and anyone else really) you said this morning 'if they buy 25% of Ntorya from AEX, that's essentially buying 8% of the asset from their own holding. They're essentially just pumping money into the business and paying a 33% premium on top of any price they pay.' You come across as having far more business acumen than myself from previous posts, and hoping you can explain where I've gone wrong as I was thinking it would be the other way around and they get a 30% discount on whatever they pay. My reasoning was if aex need to raise money through whatever means, they are responsible for 30% of this raise. If they weren't buying the asset then it is just that, a hit of 30% of the raise. Buying a percentage of the asset at market value (whatever that may be) gives them the asset percentage but also raises the funds required by aex so essentially means they fund the business they own 30% of. Surely that's a discount to them. Where have I gone wrong?

Lots of share options at 8.5p QT.

The factor I didn't include was risk. If they borrow and then have a blow out, that would not be a good situation to be in.

Oh, and debt free gas producer is attractive as a buyout. We'll get there soon again after EPS and farmout.

Maybe I'm looking at it the wrong way crusty, but they were quoting a 350-500m market cap as a target. Say we dilute by 10% now, that's a huge amount in the future even if you halve that target. Say we borrow 10m at say 20% (expensive) for a year that's 2m interest. There's plenty of room in there to move those figures, targets and timescales before the dilution looks 'cheaper'.

If this comes down to funding to get ch1 drilled to prove the EPS, allow the dev license which then allows the farmout, surely a fairly short term loan is best for everyone given the current share price. I understand dilution seems to be being lined up as the contingency based on agm resolutions, but it doesn't seem to be in anyone's interest to do so, unless (for us PIs) it brings in another big investor, which the zubs wont want. We shall see, but I agree this is all very complicated amongst the various parties.

Can you give reasons for your thoughts willow?

I'm kind of doing that already Northern ;-)

And I would think the seismics, if positive, would increase the value of the field. Not something the Zubs would want to do if they are out to get in cheap as some suggest on here. Same as doing the CPR and IO study.

Sounds like an agm question to add to your list Drewky.

Your not you're. That stuff annoys me.