Member Info for mcadder

I only recently bought back in after GS and AP coming onboard and luckily on the day of the placing itself. LY my intention next week is to reach 40M. If the price stays at this level then all well and good if it drops as a result of any wanting to bail then that's even better for me. My current holding is based on recent changes to the board and the potential here should legally binding actual deals be announced. That's it. I mean at some point this year some element of real progress needs to be achieved here or as shareholders we are all stuffed putting it bluntly. Only invest what you can afford to lose - a principle I always stick to. The time to buy a share is when it appears that no one else wants it because trust me when the worm turns regretti spaghetti is something that will come to mind here.
And yes I have been there holding shares being at times 70-80% down. Did I whinge? Did I hell! I am the one that made the decision to buy and also decide to not only hold but buy more when there was no interest whatsoever. One example was Infa where I had bought in around 0.49 and it dropped to 0.23. Bought loads at 0.23 and the SP recently hit 2p where I took the opportunity to sell some and bank a decent profit. So some here may say "What planet are you on" or "you need your head examining" etc etc. Why? It's LY's decision, mine and anyone else's if we decide to invest more here! You may think we are stupid but who will look stupid if this were to re-rate back to 1p+ which it could easily do If out of 5 or 6 potential deals on the table they manage to pull off even 1 or 2. That's the risk - one I am happy to take :))

Welcome to AIM! At these prices while some on here are busy whinging I'm considering adding even more

This is why it's important only to invest what in theory we can all afford to lose IF things were to go tits up with this stock or any other listed ftse or aim stock. That is certainly what I try to stick to only thing is I never ever expected to be able to pick up 30M shares here for just over 90k! Can't remember a time where a company has raised so little at such a heavy discount. I just hope for GS's sake that it was for a damn good reason and that we get to learn exactly what it was for in the form of some tangible progress other than another MOU.

Always one awkward one who thinks they're clever read your post and mine again....you said "when" followed by contracts and director's buying etc and I said "If at that point" so don't try being clever it don't suit you

No rush at all if at that point you're happy to be paying double the current SP!

I certainly agree - nearly bought a small amount earlier last week actually got quoted 0.589p to buy a couple of mill but didn't. Then the shocking placing for a fairly small amount came along which none of us we're expecting.

Sharelock I'm working along these lines too that you have just described. Hence why on Fri I initially bought 10M following the huge drop and have continued to add on any further weakness so as of close of play tonight have managed to increase my holding to 30M

I think LT holds significantly more here or I may be wrong? With the number of shares in issue a TR1 holding won't be required until around the 43M mark so the answer to your question is no

Mannan I'll answer you're question with another question - how low do you want this to go considering you are a trader? I have an idea how far up this will go if we get the diamonds - anywhere from 0.6 to 1p is possible

Alison Pegram, Joint Managing Director of Nu-Oil and Managing Director of MFDevCo, commented, "I am encouraged that asset owners and partners alike see the value in MFDevCo's strategy and by the progress that we have made in a relatively short timescale, which is reinforced by this demonstration of Marnavi's further commitment just two months after the original collaboration agreement was signed. Demonstrating and securing access to appropriate financing is obviously fundamental to our ability to progress projects and it is crucial for our shareholders that this is achieved in a way that minimises dilution and protects their rights and investment going forward. We look forward to working more closely with Marnavi in establishing the SPV and to advance the significant GTW opportunities we are working to conclude."

Seems odd that only a day prior to the placing we get the LOI rns which has this comment from Alison about minimising dilution and protects shareholders right's and our investment going forward then the bombshell placing at 0.3p?
Yes the dilution is not huge but the hugely discounted price was a shock. Was this the only amount they could get at that derisory price or was it a last minute rushed placing because of something bigger going on behind the scenes?
I'm leaning towards the latter. They say buy when others are fearful and I have today doubled by holding from 10M to 20M.
May add more we'll see.

Yes you are right we have heard this all before but I am prepared to give GS a bit of time here to see what if anything of value he actually deliver on in terms of positive shareholder value for once. I bought 10M on Fri at around .35 in 3 blocks and am looking to add more at this level. Can't see this dropping into the .2s but if it does I will be making the most of the opportunity to double or perhaps even triple my holding here

Not sure if this has been posted here yet but here is Fri's podcast just over 5 mins. Well worth a listen sounds very positive going forwards

Posted on 29th March 2019
Statement from Graham Scotton, Executive Chairman

https://audioboom.com/posts/7216728-statement-from-graham-scotton-executive

NUOG RE: SeadogThu 14:38
Sorry everyone - been busy at work - currently out in the Far East - so not much time to comment on shares. Great RNS today that points the way to the conclusion of a deal on GTW. Looks like this also answers the question on how to avoid a placing - a quesation that has been vexing everyone (including me).

This probably explains why nothing has been heard of from seadog since his last post on Thurs! There's no doubt the extensive level of research seadog carried out and posted on here for the benefit of other investor's however this just shows how some can call it very wrong indeed.
May add next week if the price stays in the .3s

Sold out my 5k holding a while back at a slight loss when this was trading in the 0.8/0.9 range. Thought I'd never hear myself say this but bought back in today but this time 10M. Too tempting to ignore but the bod do really need to get their act together. With the recent bod changes I'm prepared to give them a chance here to see if they can actually deliver. Have invested an amount I can afford to lose just incase this goes tits up. Sadly seadog and a few others on here aren't fond of me because of my frank opinions I have exchanged in the past particularly in terms of seadogs 28p per share valuation which was always pie in the sky imo.
That being said there is certainly value here and as a shareholder if the bod can deliver meaningful value and get this back to 1p I'm sure right now most of us would take that

Nice 14.5M buy there at 12.06

Maybe now this new CEO announcement is out new contract announcements will be next...

Me too. Hopefully with her appointment as CFO confirmed I'm expecting some regular newsflow regarding further contracts any day now

Definitely a few interesting trades going through now

A bit of much needed good news fingers crossed this is just the start of another news rich period for Infa......

It worries me too that Graham left so abruptly and the day after that update. Truth is we'll probably never find out exactly why however for the believers like us I'm sure we never thought an opportunity to top up at this level would present itself. I suppose in hindsight though it wasn't a bad call doing a fundraise at 1.2p let's hope we see that level and more soon