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Hahaha some scared shorts and traders here trying to spread fear in a suspended share :D !
PSC may well take until June.........what about Volumetrics? OR JV?
What will be will be!
What will be will be!
Id say we get good news in coming week or two before audit update but thats just me!
I also work in the city in the same sector - all guesswork!
Probably some flippers from the raise....they would have known about this suspension and accounts being overdue.
The new shares will hit the market when we go live again as normal!
If PSC.....JV.......Volumetrics land while suspended then all bets are off and shorts will burn!!
I wonder if we are going to see Volumetric - JV - PSC all as we come out of suspension or during
:D :D :D :D
Suspend until big news - Burns the shorts and traders! OUCH!!!
Company requested this suspension too and news is due near term!
Probably to also stop any leaks when PETROS release news and this hits news across Malaysia and Sarawak!!
VERY VERY CLEVER MOVE BY THE COMPANY..............
Huisman Geo BV for the LOC 400-6, a New Generation compact rig with horizontal drilling and completion capabilities.
An early field development strategy is under consideration.
"Upland is now technically and financially well-positioned to deliver on our intended strategy. We are committed to updating the market further on our ensuing activities, including the progress of our Joint Venture discussions".
`Drill campaign` gives it away!
This is why they have a new generation rig that is far easier to ship...assemble and move.
The UPL telegram group was run by Goldie and some shorters - it took a few people to start the new UPL group and get the good holders over which Flip helped in and his posts match what hes put in the telegram group as proof - i see a few posting here are probably ones that were in the original group that got closed down and denied access to the new group!!
Flip put me onto UPL in the early 1s and I'm forever thankful.
Can sell a few mill at 3.454! most theyve ever wanted to take. Someone else is mopping them up for incoming news in days / weeks
They dilute shareholders a few times per year!
Im probably in less green bins than you Visittimor - 4/5th LSE account now saying the same thing over and over about the government's and boring quotes! So far none of the government links you've sent have had any proven links to Baron. Guesswork.... guesswork ......guesswork
How long before Baron make any money if they hit gas............years!
IF they do get a decent JV ....the JV doesnt pay Barons wages as well. haha!
Baron will need to raise funds again. Silly to think otherwise.
Bargain seeker? `holding well` hahaha its near all time lows ffs!! lol!
Few months and it`ll be holding at 0.004 with more dilution and confetti when drilling is closer
IF IF I F he pulls a whale. FOR yearssssssssssssss theyve been talking to `Funding partners` no noise on anything other than that.
No big player is going to touch Baron while there is still so many uncertains in the area. They can mop baron up in years when theyve done all the work. They wont be rushed to get involved on a JV
2 big finance guys on board that look like they know how to raise a few quid! Theres the brains to the dilution
You're not answering my comments head on - links that dont mention anything about raising and cash and silly memes
So how much do BOIL currently have in cash........
Tell me how much the drill costs and how much they have in total from Timor Gap etc....then tell me how much the rig costs....drill costs.....crew per day costs.........delays which is likely will be more costs..........running the day to day wages for BOIL costs.............Come on they have no where near enough cash!
More Dilution and you are stupid to think otherwise!!
Example for you and i know they are completely different companies...investors thought Prem would be raking in cash by now so no more funds would be needed and theyve had what ? 4/5 more since?
you are silly to think otherwise guys come on!
JC - im not that sausage from twitter - i was a genuine holder that takes the placings - another one is due.
IF you believe its not ... tell me where the company states we are fully funded and no more raises will be due?
Placing before 1st July for further support of drilling and strengthen JV terms ..... heard it here first!
38 billion shares in issue before we drill is my guess
We`ll see soon