Member Info for nlmbidc

I think the Peru raise was due to the share price revival following the Chuditch update last week.

What was the alternative to the share issue.

If you didn't see it coming that is unfortunate, but both Chuditch and Peru needed funds in order to further there value.

The share issue is good for the company in order to increase value. Unfortunately many PIs have had their fingers burned in the process.

The share issue was set at 0.10 pence in order to get them all sold to investors. Why anyone would pay 0.13 to 0.14 is beyond me.

I anticipate being able to buy closer to 0.10 pence immediately after the second tranche are made available to the market, subject to EGM approval on 10th March. So at a date still to be specified, but a few days after 10th March.
This is my personal view and i could be way off beam.

Most of the majors have moved out of Asia, which is why Chuditch became available.

Andy Butler has a terrific record along with the Sundagas team of delivering in Asia. So no worries there.

Moreover, two directors partook in the placing which should give a clear indication of the boards perceived value.

They can't be pre sold.

The AGM may not approve the 2nd tranche.

There is no game. Any experienced investor will know that the share price will be approximately 0.10 p on the day the second tranche of shares hits the market. If its not the case with BOIL it will be a very rare exception.

I agree entirely.

That is true but 2 directors are buying as part of the placement, which suggests that they see value going forward.

Why are people paying 30% more than the placing price.?

Aden69,
If you were the CEO how would you have raised the funds to drill what is a very exciting prospect.

In their shoes I would have done the same.

It can't be a surprise surely.

And people are still paying more than 0.10 p per share. Lunacy.

No it's not insider trading. Mrs Pavisi would have the same expectations as the rest of us regarding a possible placing.

After the second tranche Mrs parvis will have less than 3% and therefore no liability to advise of any further selling - should she choose to do so.

Share price fallen off a cliff to 0.12 following the share issue RNS.

Who bought at 0.57 and held?

I did suggest on Monday that the sp would be down to 0.20 by Friday (today).

Where the sp goes from here is less certain. I couldn't say whether it will go up or down.

The RNS on January 7th suggested CP was looking at a number of new targets. The indication at the AGM was a couple of months. So perhaps by end of February onwards.

Agree. CP working very hard to get a number of interests over the line.

Could be a stream of news coming from his activities.

The buy and sell indicators are not to be trusted. The SP was up yesterday because there were more buys than sells. Its as simple as that.

More than a third of all shares in the company traded today.

That's a lot of changing hands.

It may do. There is a lot of value in the east Timor prospect.