Member Info for neil9327

Presumably there is a company or fund paying you to try to de-ramp the stock too Louis. Is it good money?

He has been right in recent months in terms of his predictions of the short term movement in the share price, as has Louis. The problem is that he is inferring from these correct predictions that the fundamentals of the company are bad - that's his mistake.

Although there will be some dilution at the moment, in a few years time once the company has become cashflow positive, the company can decide to spend profits on buying back shares from the market, reversing some or maybe all of the dilution that has occurred so far.

Toriesarescum: What do you mean you want to "rescue" people? By encouraging people to sell, you might protect them from further losses, but you cause those who they sell to, to incur the same losses instead. You pull one person into the lifeboat, and push another one into the sea.

No, the only way to look at this investment, is that we put our money into it x months or years ago based on the evidence we had at the time, and the return we get from it, if any, is out of our hands.

It isn't RBL (Reserves Based Lending), it is lending backed by production. Drill the first well for $13M, get the oil flowing, and get a loan for more than double that backed by the income. Rinse and repeat and in short order you'll have billions of loans, and billions of income. What matters, is that we can drill the wells for around $13M, and that we can prove they will flow reliably. That is what needs to be proved, in my view.

Troughsnout, the only "hot air" is to be found in what Brevarthan Research, Oilman Jim, and others have been saying. You've presented zero evidence to back it up.

True Rabito. Although on a point of order I should say that I didn't take profits when it got up to 150p, as I was as bullish then as I am now. I didn't sell then, and I'm not selling now.

Only doubled Louis? I bought £30K of PANR shares in Nov 2020, at 31p, and they went up 5 times.

Why would they not Louis?

Sorry to hear this. Please try not to take any rash investment decisions while you might not be thinking clearly. I am sure there are other steps you can take financially that don't involve the kinds of risks associated with the quest for a "multibagger".

Question asked at 19:59, one minute before the PrimaryBid offer closed. Not sure if we could have typed our answer to your question quickly enough to meet that deadline for you :)

Xtw2: The Retail Offer is live now on the PrimaryBid smartphone app. Do hurry though, as it is scheduled to close at 8pm. tonight.

RD14 management cannot control the share price so are not responsible for it. All they can do is control the operation of the company. It is not their fault the price has taken a dive.

I doubt very much your life has been "destroyed" by this, and to the extent you think it has been is the extent you have forgotten the cardinal rule of investing, which is not to invest more than you can afford to lose, or afford to lose now.

Cultivate a sense of patience, take a "chill pill", and it will come good in the end in my opinion.

Yes, good first informative post.
The only other factor is the oil price, which was around $100/barrel on average in Q2 2022, and is around $80 now.

I wouldn't be in favour of that. 88 Energy's assets are much less valuable than ours, adjusted for our respective market caps. We would effectively be diluting our own holdings for no gain.

chrisev1 nonsense. Scot's advice has always been about the fundamental value of the company, which by definition is unrelated to the share price. Long term investors who got into the stock at a pound will make a very good return on their investment when the company is sold to a major.

No the risk of not buying now is massive, for the following reasons:

1. A farmout deal, an asset sale of the Alkaid deep, would each propel the share price up a great deal more than any possible placing discount. And rendering a placing unnecessary.
2. The share price itself will rise as the CPR report by Netherland Sewell is released in the next few weeks, because it lends a gread deal of authority to our management's assessments. Such that even if a subsequent placing is at a discount, it will still be higher than it is at the moment in all likelyhood.
3. We are so cheap, it is very possible that an institutional investor might start to take an interest, even though we have not yet proved up all our assets. These guys buy shares at size and move the price as they go.
4. A placing, such as you suggest, might not be open to the general public. And the following day the trading price will be up because the company will now have funding for all of its drills. So you might never have the chance to buy at the lower price.
5. The equity markets are risk off in general at the moment, due to the banking problems, and smaller caps like us tend to be more affected. Therefore the price will rise more when the fears subside, which will be a matter of a few weeks I think.

Therefore I think if you are going to buy at all, now is the best time to do so, to reduce the risk of losing out.

https://www.google.com/maps/place/Runruno+Gold-Molybdenum+Project/@16.4099218,121.3235898,2145m/data=!3m1!1e3!4m15!1m8!3m7!1s0x3390580f1807d0b1:0x65c62ce3dbe75ba1!2sNueva+Vizcaya,+Philippines!3b1!8m2!3d16.3301107!4d121.1710389!16zL20vMDFud2Zs!3m5!1s0x339068f2b4d1eeb3:0x8bbab0a0ce065137!8m2!3d16.4105788!4d121.3186522!16s%2Fg%2F11gfh_kw9q

Yes so the market might be quite wrong about that 10p. It might be 30p and quite possibly more if the company can run the placing in conjunction with an institutional strategic investment at that higher level.
Once we have this money onto the balance sheet our market cap will proceed in a northerly direction at a rapid pace. So far northerly that we'll need to build an ice road to haul our billions :) (out of interest, $10 billion in $100 dollar bills weighs 100 metric tonnes, I worked out. Many of us have holdings of around 0.01% of that loot (as it will be once all proved up).

The shorters constantly tell us that there is no point in buying shares at the moment because if there isn't a farm out or asset sale deal, there might be a placing to raise funds, and that placing will be at a discount to the current share price.

Well that would be a risky strategy, because sometimes placings are done at a premium to the share price. Just last night another company Zinnwald Lithium, also on AIM, had a placing on the PrimaryBid platform, and it was done at a 25% premium to the share price. Was successful too. It was done in conjunction with other fundraising by institutional investors, also at a premium. This morning the share price opened up 25%

So the suggestion implicit in this, is that the fact of AMG investing in the business, means that the value of the business, as seen by other investors, has risen by 25%. Has it risen by that much? Are investors going to pile in here?