Member Info for MisterPositive

Hawkes bay.
Lol....like your football example.

Would be absolutely crazy to be selling now when we are on the cusp of a proper Re-rate.

Some here might have +1p as target price....even that would give you over +223% return from current price.

Just read the Company 1 July RNS in more detail today. Did not get a chance yesterday.

141m Warrants are @ 30% premium = 0.39

YA - warrants 58m (50+8)
RGO - warrants 58m (50+8)
Private Investor 25m

Using 3.91B shares

£20m = 0.51
£40m = 1.02p
£50m = 1.28p
£100m = 2.56p

Take your pick...

Really.....and you think we got to 0.52 just like about a week ago.

That is a monster trade.

Big players are entering the scene here now for massive upside.

Donald,
4m is a very good holding here. I would not call it punt money. You should do very well here in coming weeks/ months.

We can see, everything is getting fast tracked here. Company is getting their house in order before the drill. We should get news pretty soon on EssarM deal sign off and PSC which both seem given to me. Govt wants to raise revenue and probably brokered EssarM and Shorecan settlement to get a move on.
ATB

Bladderman,
Appreciate the volume data you been tracking here. That's great.

Think we are good to go.

Jiving,
Spot on. Many thanks.

Jiving,
Agree with your post re YA and RGO only had 33m shares each.

Debt for equity swap - would that be for the unsecured creditors?

Looks like Art M tidying things up before Drill.

Bladderman,
I am confused about where you got YA 350M ?

YA and Riverfort both only provided £100k each in first placing each getting only 33.3M shares each.

Bladderman,
Good info.

Morocco?
Did you mean Mozambique...

Hang in there. MMs cannot keep it low forever.

Yeah. I know you sold...very next day it shot to 0.45

Another brilliant opportunity in case anybody missed morning drop.

MMs can either drop it to spook few to sell OR raise it to attract any sellers.

Crazy to sell now with plenty news to come soon imo.

We know they were filling big orders in the morning.

MMs love the volume..momentum is here

4.5% dilution was minuscule. More than absorbed now.

This should be back to 0.45 - 0.52 range in no time. If any body missed today's low....worry not. No one can buy at bottom or sell at the top.

Even at these entry levels +200% upside in my opinion, all the way to +1p.

Dilution from 2nd placing was for only 4.5%
Price drop from 0.445 to 0.30 looks excessive on any basis in my opinion. Should correct itself soon.

Theoretically Adjusted market price should be closer to 0.37 - 0.38 (from my rough calculation).

Read here yesterday, CAD price is different to GBP price. It's not just a function of using FX rate to convert GBP equivalent price.

Its volume weighted price. London market is the driver and has been. CAD just respond, given their different price increments.

Sam,
I'm doing that today, shifting portfolio and going over weight here.

I see this being the biggest perform in 2nd half of 2020.

Each to their own decision. Dyor.