Member Info for mikebassetts

i'm not an expert in the share sales and no clue what's gone on but it's looks complicated, however the Taamraz group haven't left the buidling and from reading the rns look like they helped in Ghana..
more to come imo

views?

looks ok on balance -see these going back to 15-20p just on speculation of an asset transfer once oil recovers to $45-50 but i don't fully understand why the second payment is delayed - surely not talking huge amounts for what was planned?

added again..
want to see this at 2p and stable before i get me average down to 3p..

Richy-that would be good,not much info on last weeks rns

*costs*!

Richy-agree, anything to turn this around.
Priority has to be on cutting down cuts but then again they should know this..

Hedged- they need to cut costs completely and make these funds run for 2years+ until things improve (or if we get bkm into production)
last placing was in Aug19 for £1.75m but they never did any field work and yet place again 6 months later..

At the end of the day these dilutions are destroying shareholder value ..

because it wasn't one of the names that i've ever come across as doing deals with indonesian assets - from memory i thought a local partner or some chinese outfit is where we were looking?

Thought some deal may invovle Indika Group or Eastern Field Developments (Wetar copper project)

never heard of them..

Richy -it also says the 60 days can extended by agreement.

Does anyone even know anything about this company they've done this deal with?

for longer term holders this has been a massive let down , no denying it.
The chart says it all..

Just hope i can recover something from this.

seems a crazy drop on expected news

excellant results - debt free $28m profit v mc of £30m.
plus cash of $20m

this is a bargain imo

when can we expect some results?

lots of companies have recently reacted to share price decreases but we get nothing here.
I don't expect rnss everyday but seeing the share go from 4p placing price to 1.5p with no comment has been quite poor..

ot sure why they didn't do this last year at higher prices?

disappointing day

i must be bonkers but i took some more

looks like £2 shortly.

Richy-lets see what happens..
might be something in the agreement preventing it. ARS can in theory now shut up shot and wait for things to improve. They've got to look after the cash balance..