Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Morning Ed,
Sorry I was so excited reading todays news release, I forgot to reply to your post :-)
This is great news and sends a real message to the market about the companies ambitions over the next couple of years.
Hopefully we will get to know more over the coming months more of the companies plans.
This is so exciting for us and fingers crossed we some more good news very soon.
Thanks Nige
Wow..
Well done AK, I don’t recall ever seeing an options package like that before.
As Ed said, it’s usually around or just above the current share price.
This just shows what ambitions AK has in the share price and is setting an example of how it should be done.
Well done sir
Hi SJ,
The share price has done very well over recent weeks, we have more than doubled since Dec.
I am sure once the company has the flow rates, there will be more publicity.
Share prices do not just continually go up, at a certain price there will be a retrace to a certain point before buyer’s return.
It also looks like a lot of stock has been sold over the last few days, so this may need clearing before another move up.
Thanks Ed,
Great post.
I thought we might have to wait until we know what cash flow we have but just wanted to run it by you to see what you think.
I don’t think AK will want to hang around, I am sure he will want to boost production asap from both current assets and acquisitions, if something looks attractive?
I have been wondering what the drawn down £250000 was for, together with the warrants money?
Would that be for existing commitments, or would have been covered from the funds set aside for the drills
I agree with the stance on debt, it’s comforting to know that we haven’t got deadlines and possible dilution as that has all been taken care off.
Good spot with the links to African banks, maybe the current arrangement is a stop gap until we have established production in place to cover RBL finance costs and more acquisitions?
Whatever happens, AK is very switched on and knows where he wants to take the company and how quickly:-)
Thanks Nige
Thanks Ed,
Great post as always.
Fingers crossed for the new block:-)
At what point do you think they will consider buying existing production?
We will need cash flow or would they consider finance?
Thanks Nige
Thanks Ed,
Great post,the company has changed much in a short space of time and the new Chairman does surprise us with news out of nowhere.
Fingers crossed for several pieces of news over the coming weeks
Thanks Nige
Thanks Ed,
Great informative post.
It certainly sounds like there is far more potential from this field than originally thought?
A company of our size has done well to get a project like this.
The coming months are going to be very exciting
Thanks Nige
Thanks Ed,
Great post, I think that’s a reasonable valuation for where we are today.
As you said there could be a resource upgrade, they have hinted at more oil in place than originally thought in the RNS on both drills, so let’s see what the next update says.
Do you think a possible resource upgrade would be announced with the flow tests, or would that be a separate announcement?
Thanks Nige
Morning Ed,
Great post as usual, fingers crossed lots of news to come.
Quick question for you, as an experienced O and G investor,
based on what we have and what we know so far.
What would in your opinion be a fair market cap for where we are today.
In my opinion, our funding is unique to AIM, so surely that should give us some kind of uplift when you compare us to the typical AIM O and G company that depends on placings?
Thanks Nige
Hi Ed,
Hope you had a good weekend.
I was thinking about this over the weekend.
It would be great if we could win a share, that would send a real message to the market that we are a real player in the Angola oil market and would compliment our existing projects.
If we are lucky enough to win a share, surely that would get us to a min of £20 mill market cap before flow test results?
Thanks Nige