Member Info for merloid

For whats its worth. I have a uk hsbc shares account holding Falcon and did a W8ben ages ago. Got a letter simply saying I will receive the TBN shares. No instruction to need to do anything else etc. Seems automatic

For whats its worth. I have a uk hsbc shares account holding Falcon and did a W8ben ages ago. Got a letter simply saying I will receive the TBN shares. No instruction to need to do anything else etc. Seems automatic

Agree here. It looks like a protective measure to make sure they don't get forced into a low ball farm in offer, as time slips by. Once actual revenue is coming in from the pilot, the risk of further raises gets lower, as they can just sit on the income for operational costs, so at that point if a big players wants in they will have to pay for it. This raise forms a bridge between now and then. I know it means dilution, but it also lowers risk. Why do for it now ?- they were in a favourable, but possibly short term, position with the share price. I'm glad they didn't end up doing this raise in another reality where the SP was still $20-30. Sad as the Iran situation is on a human level, its put eyes on the beetaloo economically.

How does this dilution play into the amount of shares post merger, however?

Were we ever expecting to hit 1$ fog equivalent anytime soon? Surely the catalyst to move there is a bigger farm in for tbn away and a bunch of development Wellsplus good gas flows and sales. However that was always the case. The good thing is things are progressing forwards. Even more good news is, as sad as the war situation is, that more eyes than ever are on the beetaloo going forward.

Does it matter if it pulls back to 40, 35 before moving up an onwards if we are all in this for the end game big buy out anyway?

What are you talking about? Seriously the share price is way way up. Its not just about the farm out or the merger deal. This result was likely priced in and people are doing the whole buy on rumour sell on news thing.

The while series of info flow the last few days has been positive positive positive. It can't go up in a straight line - until the day the company gets sold!

Scare mongering there. If it required a lower exchange they would have to rip up the deal and would not be able to report it being approved etc. It maybe the Russian gets more on top of that agreed, or it could just be how sanctioned funds are held.

Private company? So why would they mention price?

So did anything happen in the end yesterday?

The iran war and $100 oil from all the mayhem over the weekend it whats happening today in term of stock prices.

Hopefully at some point shares like this that in some way are linked to strong energy prices may be more immune than other shares.

The deal conversion is 0.00687 tbn for each falcon. Currently the tbn price is such that if you convert yourself you will get less than this (about 0.0066 at time of writing). So not a good idea currently

I guess a 3 dollar bill is phony, although that limp bizcuit album back in 97 was decent.

Some interesting large trades bombing through again.

Arbitrage opportunities and news on the horizon at play here

From the merger wording fog get a % of tbn, so all this raise does is give us more tbn shares when the deal goes through.

Raises post merger is what I worry about, however there's hope the big farm out deals will have arrived before then.

Good news is we won't get diluted in any raises before the merger, so I'm happy for them to raise away and get it out of the way.

Sorry for typos, the autocorrect on my phone plays he'll with my worlds on here and its hard to check spelling in the small text window on screen

Is this deliberate scaremongering?

The CDIs have a 200:1 ratio attached to them (google 'tamboran CDI ratio'). You need to remember that the stock is quoted in different countries with vastly different prices e.g. currently 0.24AUD.

Look at the Fog merger RNS again. 6537503 tbn shares for falcon at the NYSE price represents 26.8% of the combined business. 6537503/0.268 = around 24,394,000 total shares in tbn post merger. That's when the total number of shares is heading and may very well tally with those numbers when you consider ratios.

If, in some fanciful world, Tbn was was

Sold for 10 billion dollars one day the US share price would be over $400..

It's a hope that from this point on tbn will get funds from farm out deals rather than the further shares placings we saw tbn take more recently when the well issues rocked the boat. Farms out may reduce the ultimate prize, but have a far lower equivalent dilutive impact than placings.

Have not seen one that high before. Tbn well up again. All good to see.

I was invested in cove energy when they got the big buyout. John Craven was what lead me to find out about Falcon. I would say that while the big buyout did happen for Cove that in their case they had a monster carry (by that point they had farmed down to the 10% range). It I'd mean that when it came to development they had to get a good deal as they could have found investment themselves. Falcon has not been in that position and I note you and other are worried about TBN getting crushed by the Sheffields at some point post merger. Whilst various shenanigans do happen in this industry there is also a lot of good business. The Sheffileds could make billions obviously with the position they have, if they were to roll over on tbn at some point it would not do their reputation much good going forward with the project. I am hopeful that this proceeds in an orderly fashion the way I saw it happen with Cove.

Cam2, when you write stuff like that the only thing people can do is start to ignore you, as its pointless to do anything else.