Member Info for Mkbarnes2001

Sub, we’ve been watching out for icebergs for the past few years and unfortunately hit a few and sprung some leaks.

Art has patched them up and it looks like we can finally get Jay watching out for dry land!

Got back in here yesterday, been away since sep 18 spike! Good to see some life back in OMI

Donald Trump, as you would say ..... “your an idiot”

ATB

Makes you wonder - when was the last time we were up 10% before 11am?!

We’re motoring now!!

Ticked up and getting quotes for 0.4 now

Can’t get a quote at the moment, buying pressure ramping up it seems

We have had a huge rise from lows and also a lot of longer holders locked in for a long time, so the rise was never going to be vertical.

There will be profit taking and day traders taking advantage of the known situation. But look at the chart, higher highs, higher lows, the trend is clear

This is only going one way - remember, the drop from 1p + was down to delays, which we know was down to the disagreement with Essar

That’s gone!

Rdunc- if I remember correctly, you stated this a few weeks back as we went through exactly the same situation, then the SP flew again! 100% agree with you.

Nice find and thanks for sharing

Hey Bolton,
Feels like we’ve been on here for a long time, keeping the faith that this would all turn out well in the end. It’s been so long that I’ve forgotten the agreed SP to trigger the party in Bolton? Was it 1p?
:)

Hi all,

We got the perfect RNS today, well done Arthur.

Something I think has been overlooked is the significance of the statement below -

“ ShoreCan will have the option to increase its shareholding in Essar Nigeria from 10% to 30% by paying 20% of historic expenditures of Essar Nigeria at cost through the drilling of the first well. The option is exercisable within 90 days from the completion of the first well”

There was lots of debate around when they could take up this option. Some (such as oilman Jim) claimed that they would have to decide before the drill). The question over funding to take this Option is now clearer - the company should be able to raise at a much higher SP level with less dilution post a Successful drill!

NT to but small amounts at the moment...

Buying has been at over 0.4 all morning, sells at 0.395

Bid now at 0.4

Real spread is 0:39-0.408

Looking at spread at the time of the trade, the late reported 75k looks like a buy too

Thanks for taking the time to put that together, it’s great to see it summarised as you have shown.

And yes, I would agree that you may be on to something there!

I don’t post too often either, but I’m always here, lurking in the background keeping watch!

Yes, lots of emotion today. Understandable when so many have been here for a long time and have been through all the turmoil. But we need to look beyond today’s emotion and focus back on the prize at stake. Why would these individuals, known to Arthur, invest huge amounts In a business that is about to fail? They wouldn’t - they are obviously confident