Can company unwind the Russian Acquisition ?
If it's not binding and only agreement in principle, etc. ?
That would put a MASSIVE short squeeze and this should be back over £10
Approx. 900m new shares at 0.335
Blimey....,
Total would now be over 2.4 Billion shares in issue (assuming no more issued after 3 months again).
Not sure how long will it take for the overhang to clear and absorbed by the Market.
Sold half at a loss today unfortunately. Will leave the rest in till next year and see where we at.
Last 30 mins today before close could be interesting.
Will FOMO prompt any sellers to get back in before Mon ?
With a monster Mon 7:00 am RNS, I cannot hazard a guess what price will this open at.
Need to get Environmental permit & clearance first.
No company is going to sign a JV agreement without that.
Need to get the order of things right.
Bahamas Govt Dept delays seem at par with Africa.....just criminal.
If Snow Leopard hits motherload, Block XX can wait.
Company will most likely appraise Snow Leopard targets for extra 500MMbo.
Some overly hooked on Block XX which has 75% cos and great target on its own anyway.
RNS Mon.....like below would make this go absolutely NUTs...
.."encountered large Oil column"...
...flow tests will follow soon as test Rig on site....
Bigbench,
This is going to be like last year run, when MATD would do +3p rise daily for few consecutive days.
Tiny shares float makes it even harder to buy any decent Qty.
Fundraiser...,,Can still buy in now....before it explodes by 200%....
He made same mistake last year...,sold out when it was time to load up.
Had to put up with his moaning all the way to +38p