Member Info for mcfcnige

Hi Ed,
Sorry if I have asked this before, just trying to get my head around the IBM thingy.
On it’s listing would Corcel own a chunk of the new company?

Not sure they are drilling yet, I think they will announce when they start?

There are a number of other pieces of news.

Singapore IBM listing
New O and G asset in Brazil
Option taken on new Lithium asset

Probably other bits and pieces too :-)

Steady flow of buys in the afternoon, I wonder what triggered that?

Something is cooking:-)

Let’s get on that rocket:-)

C’mon Mike, where do you think it’s going?

Hi Ed,
It will be very interesting to see how this rebrand is presented.
SK sounded very excited at the near term prospects for the company.
Hopefully all is revealed very soon

Hi Ed,
JP has received a lot of stick over recent years.
Hopefully he is looking to prove people wrong?

Bring on the rebrand indeed.

This has the feel of SOU right at the beginning, the sp performance during that made JP an AIM hero.
I am sure he will be looking to repeat that again, hopefully here:-)

Good post Ed, Warren Buffet agrees too :-)

https://www.forbes.com/sites/christopherhelman/2023/03/21/oil-is-on-sale-and-buffett-is-buying-should-you/?sh=6b17882d39c4

With the right asset, this could be a master stroke by JP.
Not long to wait now

“ acquisitions”

Hi Ed,
I notice that the recent statement mentions “ acquisition”
Suggesting there will be more than one ?

It will be interesting how the market value the company when it happens?
I am not sure if there are any other AIM companies with producing Brazilian O and G assets to compare with?

I don’t think it’s us, the rocket needs to be pointing more vertical:-)

I fully agree with you CPFC, I was very critical of him last year as he over promised and didn’t deliver anything.
It looks to me like JP has taken charge of the situation and is determined to create some value.
Nether of them will have much of a future on AIM if the sp just goes continues to go lower.
I think they realise they need to pull there finger out.

Good post Ed,
The O and G asset is very intriguing, they are hinting that it’s going to transform the market cap.
It will be really exciting to see what they have lined up.

I think things will start to get busy next month, although there are pieces of news due.
This is what JP is saying:-)

“ The Company is therefore now positioned with near term, and potentially transformational, newsflow from both Mt Weld and advantaged potential oil and gas acquisitions. With its legacy assets now fully carried, we believe shareholders can look forward to an exciting 2023”

It’s time to be positive, lots of news due.

Thanks Ed, the recent equity transactions for the other assets have been at a premium, so I would expect the same with the O and G asset.
If this can follow SOU and go to £1, I will be happy:-)

Hi RL,
No idea mate.
SK said in his recent podcast that we could see the market cap in double figures very quickly.
As you know, we have been here before with his statements in podcasts but it’s what I am clinging on too:-)

Good post Ed,
You seem to have good knowledge on how O and G projects are funded, do you think the funding will be shareholder friendly?
I have seen a lot of company share prices anchored by poor terms, where the lender sells big portions of stock on a regular basis.
We need funding that will create shareholder value, do you think that’s a possibility?