Member Info for MikeGP

AIM h

,....... is it three days?

Ideal,... gives us a little more time to take positions poor to the testing results,..

thanks PNE

Hi,

Is there a link to the site for the interview and does anybody know if it will be shown "live".?

Many thanks.

Lee,

If only we all knew how it works! I can guarantee I wouldn't be here for one!! But fsj's little synopsis is a good starting point... you just have to watch,.. and try to cut out the "noise" and see what happens.... hopefully learning a bit each time, ..with experience.

GL to you.

"...a Commission proposal that EU governments make direct money transfers to Iran’s central bank to avoid U.S. penalties."

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Something along these lines seem to be the way forward. Unlikely IMHO that the EIB will wan to do business with Iran if if jeopardises it's ability to raise money in the US,.. which it almost certainly would?

Interesting meeting on Friday... and now only 4 weeks to Aug 4 when I believe the new US sanctions kick in.

You would argue mgmt contingency provide for similar issues, but no mgmt I've ever come across has ever gone in taking into account just how miserable / depressing / risk averse lenders and their technical advisers are...as a result, the lenders ask is typically a lot higher. The hope is it gets beaten down to something reasonable.
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That's the whole point of the two stage funding arrangement. The front end funding has been more costly as it is covering the key elements of the build which have the highest risk attached..... The government backed stage 2 funding should be available at a more competitive rate,..having de-risked the initial build phase of the works,.. namely the shaft and tunnel building costs.....---- it was a sensible two-stage approach, designed to reduce dilution and finance costs.... hopefully it will pan out as planned.

There is no reason to date to suggest that it won't,.. in fact negotiations and progress to date, following award of the shaft contract, has suggested that first polyhalite may actually be delivered ahead of the original time table.

Best.

Would be very surprised if they haven't tried to co-ordinate the site visit with the possibility of news?

The old ones are the best Joe!!!

Did i tell you the one about the Middle East contract? No?... well there were three men in a pub,.. an Englishman, a German and an Iranian,..passing the time of day.. when an orange man walks in and says,.."....

.....any of you boys fancy this. First come,.. first served!

A friend of mine has 2 tickets in a corporate box for the England game this weekend . He paid £500 each including flights but he didn't realise when he bought them months ago that it was going to be the same day as his wedding! If you are interested, he is looking for someone to take his place.

It's at Portsmouth Road Registry Office, at 4pm. Her name is Nicola -- she's 5'4", about 8 stone, quite pretty, has her own income and is a really good cook.

RBC target 60p. This is a great target price.
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No it isn't. £6 is a great target price.

.. and I wouldn't be surprised if there was an offer on the table in 4 months.

Best.

..mystic mug?

..of those big Director buys that we were promised?

They must be still moving those big bucks around freeing up the reddies,....!

well the £38.000 I had lined up to buy this week will certainly not be going in here now, expect drop below 37
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So you were happy to buy at 40p,... but not happy to buy if it falls to 37p.

We were told we wouldn't be diluted..other methods loans etc..not happy at all..
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Err... no,... we were/t told that at all.

In fact we were told that there could quite possibly be a small raise at this stage, depending upon the drill programme, the testing requirements and to strengthen the balance sheet during the negotiation period for the LE.

Thais what we were told.

Morning Joe,.... trust that you are well. ( pun intended!)

Getting interesting here...... about to take a position, as it isn't too difficult to see some near term growth opportunity.

I agree, I doubt that we will really get to Bolivia on our own,... thank Fi said the drill costs/timescale etc., were much greater than the Argentine exploration costs per se. Hence their initial focus on Frac C and D. Much more lily , as you suggest,.. a Farm-Out play,. minimise our financial expenditure in the short term.

Very exciting 2 or 3 months,.... for Echo,... and of course for 'Sound" which will be well and truly in play by then.

Best.

.... not sure if that is true Joe.

I think there is plenty of interest,.... but most people following the story are already fully loaded and in the main not willing to make any further commitment until the overall performance improves,.. i.e. they land one of the 'biggies'. A completely understandable position.

If we are no longer in a close period it will be interesting if any of the BoD put their hands in their pockets,... but why would you when you have options at 13p available?

The big picture is that the company's performance is improving at every level,... and they hope to be break-even etc., for the current period..... with the massive carrot of having signed the Iran deals.... and the hope of a further contract by year end.

The big money multi-bag scenario in the short term is still a binary bet on whether the M/E contract happens,... and, arguably,.. we now have a back-up in so far as they believe that there is another long-tee contract to be had within the next 6 months.

So,... pretty much as we were,... but with a little more meat on the bones.

Any hint of a resolution to the Iran situation and I believe the speculative buying will be back.

Meanwhile,.... time for a beer....

Best

... we can all buy now,.. on the open market at sub 12p... at approx 10% discount to the option price.

theories.

How about there is already a tentative subject to "drill result" offer on the table from one of the big boys,.. which is covered by a NDA? ... and the terms of that offer may include some input in to the three drill locations?

Hence the delays,......