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
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
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?
The telegram group go to pot shortly - let too many naughty little folk in there sat watching ready to ruin the group like last time it `was deleted`!!!
VisitTimor - havent you had about 4 names on LSE now - you used to show up as someone that always spoke about travelling around and sending links about gov meetings. How weird you keep changing names
So youve mentioned movement in the area.........that will help tiny little BOIL if we are actually part of it. How long will all that take? YEARS!!!! BY then BOIL would have raised how many times? see what i mean about biggest gamble ever on this investment.
It also doesnt clear up my other comments on Dilution (which you cant write off)....no JV interest as the big boys are pre occupied elsewhere and never any mention of getting closer to a JV deal and normally they want in after success not on a gamble (although gas is at chuditch they are drilling elsewhere to where Shell did)......complications - (if BOIL go alone and any issues arise thats more cash they need)
A useless PSC as the area has no drilled anything in years
Government are at stand still and have been for 20 plus years
NO interested JV
25 Billion shares in issue
More dilution will be needed before they drill
Offshore so lots of complications
Old board members have been here for years raking in the cash for doing nothing and when we are close to big news (Apparently) hey leave the board (Clearly nothings going on)
BOIL = PREM 2. It had its chance at .3 and now just a dilution king!
The thing that worries me is that `we are speaking to funding partners` has been said in RNS for years.
Literally means nothing and it worries me as its never had any substance.
I expect another raise before the drill due to what BOIL will have to put into the drill and also to pay the large monthly outgoings. News yesterday was good and i expected it to do atleast 10% but nope!
Andy Yeo sat there for years taking 200k wage a year plus car allowance and couldnt even reply to a shareholder email. Its awful and this kind of thing needs booting from AIM! Corrupt!!!
Our investments are now worth fack all and the market has now well and truly smashed any decent gains for BOIL holders. 25 billion shares in issue....thats about 4 each for every human on earth!
By the time the drill happens their will be more dilution and if successful itll need more funds so more dilution.
The 1p we all crave for is a huge dream now and by the time we are actually getting any where we will be looking at more dilution. Shame on Yeo!