Member Info for Newuncle

PI,

It's a nice dream for you to keep it alive, hopefully you will at least recover the losses here from other stocks.

OBS is not going to repay your loyalty, ever.

PPP either takes a CLIN onboard (see Laura's ENET today for how that works) or the company gets taken private (but not taken over, there's a big difference).

Either way shareholders end up with very little or nothing.

What is a 1 10 share consolidation?

This consolidation of shares will reduce the number of shares that shareholders own to one-tenth of the previous number, but the Company's assets and capital will remain unchanged after the consolidation, so the asset value per share will become 10 times larger than before the consolidation.

Consolidation

Absolutely it can go well above 10p again, maybe even 20p or 30p or more

If anyone has actually called the company the first thing they should have discussed is the drilling programme as a priority....

And there we have it...BS poster posting total BS...you can f off back to under your stone now

Just wanted to play along until you had to make a post like that last one.

Put up his number or email here

Tell us who you spoke with

Tell us e verything you know about global vision

Tell us everything you know about any drilling since August

Why?

Was it the cleaning lady?

TOC

Reported for being a repetitive knowitall bore

☝

TOC reported (again), get a life

Dusty I do know Troajan fwiw, he could be right or he could be wrong...too risky for anything other than a quick P&D trade.

GL if you go for it

PI Good luck with GDR, however Laura thinks its grossly overvalued fwiw

Current valuation of the whole company is £3.4M.....they need to raise £20M in 2025, what on earth does OBD have that they could get that kind of money for?

PI,

The Trinity note was paid for by OBD. It is not an independent note.

From Trinity (paid for) note

Cash at end-March 2024 was £1.2m and OBD subsequently completed a fundraise in March 2024, raising gross proceeds of £9.9m. We estimate cash at end-September 2024 of c £2.6m, which should provide a runway into early 2025

I would suggest that even with costs being trimmed obd will be lucky to get past end December before the money runs out?

Anyone able to explain how the money would be there for January?