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Stevemocal-Good post, let's hope everyone's doubt's on funding will ease within the next couple months or so if any positive news arrives.
Filthy-It was just a thought why does Chuditch hardly ever get a mention from TL if you think they are helping Sundae Gas in the background to secure funding or a JV they are not doing a very good job if you believe all the hype that we read about dozens of country's wishing to help TL with their oil/gas industry
Jarv-I completely understand that but the onus is on Baron not TL to get the funding or JV and if they can't the License would go back to TL that's all I am saying.
Iv'e had at the back of my mind for a long time that the people in charge at TL Horta and Gusmao are not to be trusted, why have they never mention Chuditch it's all about Sunrise.They gave away a prize asset in 2019 for free to Sundae Gas not knowing that gas would be a really valued commodity in the coming years. At this moment in time they have said nothing to bring back the Major OIl players just the same old stuff between them and Australia on Sunrise.We know of the countries financial position and the need to rectify this .Without any form of encouragement from TL on Chuditch will we get the funding to drill even a small green light that would bring forward funders or a JV, if the answer is no we would have to relinquish our
License ,so Timor Gap would then have 100% of Chuditch.This may all seem far fetched and a conspiracy theory but I have seen it before with Baron 2015 Z34 offshore Peru 2019 onshore Peru can it happen again? I'm sure that if they did regain 100% of Chuditch you see so many green lights it would be blinding.This is not a deramp I am a LTH although only holding a third of my original investment. I just don't trust Horta and Gusmao.
Share price at all time low so you make your own mind up
All depends what posts you read the rampers or derampers-pay your money and take your chance
The BOD have no interest in their shareholders if they had any why make the placing announcement after hours why not at the start .This gave a short time frame for share holders
to buy shares through WRAP if indeed you were sitting in front of a screen after hours to see the RNS.I have asked this question and waiting for an answer will probably hear within the next two weeks if at all!
Sorry Neil
Come on Neil big seller at 0.50 buy them back at 0.05 LOL
Well done Neil
When we get the report on the site survey hopefully sometime in March we need some positive news on funding not what we have heard for the last 3 years in advanced talks with funding partners or even some positive news from TL regarding Chuditch every RNS we get states what a good relationship we have with TL the time has come for some proof of that.
Neil-Baron need approximately 24 mil for the drill the other 8mil coming from Timor Gap making the 32mil we have been told will be the cost.Baron would only be allowed to raise 6mil by a share placing[Eddie's research] which would still leave a shortfall of 18mil, so if you believe they will drill they will get the 24mil in one lump or get a JV partner.
Neil -All the information you require has been posted many times this week
Not really Neil- a drop from o.18 to 0.07 is more than 66% in one of your previous posts not being petty just trying to help!
Neil get your decimal points in the right place every one would like baron oil to be trading in the 0.60s
Eddie-He didn't read your post properly and misunderstood
Filthy-As said many times before been involved on and off since 2007[ mostly ON] but this time there does seem a plan that is slowly coming together I think the big plus is Andy Butler, the most important piece of the jigsaw is the funding or JV partner which if you believe the BOD they have been in conversations with various companies since 2021.
Pompal-Probably some of the people that were buying on the last spike-Spread traders that have had margin calls-people that are continually disappointed by the sp and also the BOD that have missed deadlines more than once over the last couple of years and lack of PR.Baron Oil have always disappointed and promised things they couldn't deliver I think no hope this time is different.
I'm sure having Timor Gap as your partner in Chuditch why there would be a problem getting the gas to market
You won't have to wait 7years once funding in place it will be down to the drill results at the end of the year.Any agreement on Greater Sunrise will bring the Majors back which will be excellent news for Baron shareholders