Member Info for nomlungu

'If you were the CEO of UKOG, how would you seek to finance its development?'

2 for 1.... For every £1 spent on the project, I would want £1 to pay the BOD (mainly myself) as shareholders have proved to be such a soft touch so far, I might as well milk them for every penny I can before they eventually get fed up with being diluted through discounted placings.

Solid state hydrogen batteries... not as crazy as it sounds.

https://www.youtube.com/watch?v=M0fnEsz4Ks0

still over priced at 1/2 the price imo

Porky9,

The Cenkos warrants are from a prior year's share authorisation... many more shares can still be issued. They have 20m that they can just issue, 10m more for shareholders, 4m for Cenkos and 6.5m for employee rewards. More than 40m more can be issued without them even asking for more authority.

It seems greedy to have used the prior year authority at the same time as saying that they only wanted authority to issue a modest number of shares as any more would not be fair to shareholders. Suzy did tweet:

"The same resolution as we requested last year - it’s normal for companies to have a small pot of headroom authority in case it’s needed during the year. We keep the level low with anticipation that if we wanted to use more we should be asking shareholders at a GM first."

https://twitter.com/DillySuzy/status/1534270086827081728

Tour de France on IT4 - the start day today with an individual time trial in the wet. Some hards falls...

How stretching will the targets for options for management be? Even if they manage to get a sustained 100% increase in share price, that would only take the price back to where it was a month ago. A 200% increase just takes the price back 6 months.

Rewards should not be given for partial reversal of failure.

Private Ey's Old Sparky was warning for years... they knew the dangers coming dowm the line.

Kazakhstan... And Serbia is not a member of the EU (yet)

My understanding is that India's refineries are not designed to refine the oil that Russia exports and that they only had capacity to store somewhere around 1 million barrels of that type of oil. If correct, they must be re-exporting. I would expect that a friend of Modi is making a shedload - that is how Chumocracies work.

Video to make kenny smile:

https://twitter.com/EuromaidanPress/status/1542659755306614784

... who lumped on Lamprell have just been handed their AR5€!

5p to 9p in days, suspended for no accounts and a shareholder owed debt who has said that he is "evaluating a possible transaction that may involve an offer to acquire the issued and to be issued share capital of Lamprell, alongside a financing package to support the repayment of Lamprell's existing debt facilities and other working capital requirements."

No accounts, debt needing refinancing, working capital needed... are the shares worth anything? No doubt ramping will go into first gear and do wheels spins but this might end in tears like so many other AIM dreams. 60% profit in 2 days and they did not cash out...!

Sootysnipes,

You need to follow these instructions from the RNS if you want to apply for any of the Broker Option shares:

'Independent financial advisers, stockbrokers or other firms authorised by the Financial Conduct Authority may apply to participate in the Broker Option, on behalf of existing shareholders and other interested applicants. As Turner Pope Investments cannot take direct orders from individual private investors, independent financial advisers, stockbrokers, or other firms authorised by the Financial Conduct Authority, should communicate their interest to Turner Pope Investments. Parties who wish to register their interest in participating in the Broker Option should contact Turner Pope ( info@turnerpope.com ) on +44 (0)20 3657 0050. Each application should state the number of Broker Option Shares that the interested party wishes to acquire at the Issue Price and should be submitted to Turner Pope no later than 8.00 a.m. on 4 July 2022.'

As the RNS states that priority will be given to existing shareholders, non-shareholders can apply but may not get shares depending on demand from existing shareholders. Equally, an existing shareholder who applies may not get as many shares as they apply for if demand is greater than the number of shares available.

These shares appear to be from pre-existing authority to issue shares, not from authority granted at today's AGM... which is why the Placing RNS stated:

"Broker Option Shares is conditional upon the passing of certain resolutions at the Company's upcoming Annual General Meeting ("AGM") in relation to renewal of share issuance authorities."

This will be important to bear in mind as the company will have authority to issue more shares during the year than some appreciated [the Cenkos shares were authorised in a previous year and the authority to issue those shares has not lapsed either as far as I am aware

Another CONservative trending on Twitter - BJ must be so proud?

Is it a requirement for a Deputy Chief Whip to be a Leatherman?

https://twitter.com/search?q=chris%20pincher&src=typed_query&f=live

Most of BJ's fanboys were not even born in 1955, so the worst figures since they were born:

"The UK’s trade performance fell to its worst level since records began in the first quarter of 2022, heaping more pressure on sterling in international currency markets. Although the Office for National Statistics warned that the figures it published were “subject to higher levels of uncertainty than normal”, the new system it used to collect the trade data based on customs records was chosen because it was thought to be more accurate.

The weak performance of UK exports and a surge in imports will add to pressure on the government over the damaging economic effects of Brexit as the official figures corroborate academic studies showing a rupture in UK exports since the new border controls were imposed in 2021.

The data showed that the UK’s current account deficit was 8.3 per cent of gross domestic product in the first quarter of 2022, a deterioration from an average of 2.6 per cent across all the quarters of 2021. That was the worst figure on record since quarterly balance of payments data was first published in 1955."

https://txtify.it/https://www.ft.com/content/a31b4b8e-f9fc-4f1e-84c1-3632f194d05a

BJ IS NOT GOOD FOR BANK SHARES - SOME HAVE MOUTH TOO FULL TO COMPLAIN?

Trek,

This will be a factor to watch... just how bad are European energy costs going to get; how easily will businesses pass on costs, and will there be rationing. Gazprom are currently limiting supplies to Europe when mass storage facilities would normally be being filled. If prices are spiking in Summer, what happens in Winter? This warning issued last night seems to have been ignored by the wider market; it should not be:

https://www.investegate.co.uk/uniper-se/eqs/withdrawal-of-outlook-for-the-financial-year-2022-and-talks-with-german-government/20220629192226EREQR/

"Shares in Uniper, Germany’s largest buyer of Russian gas, dropped by a fifth on Thursday after the company warned on profits, withdrew its annual forecast and said it was in talks with the government over possible support.

The Düsseldorf-based group said it expected earnings before interest and tax to be “significantly below” previous years, as it was receiving just 40 per cent of the gas ordered from Russia’s Gazprom since June 14"

https://txtify.it/https://www.ft.com/content/d36e2f47-c8a3-4783-b96d-a8d22e5a042c

Not all the people who post on this board are rampers.

Putin Should Be Very Worried About Ukraine’s New Kamikaze Drone

https://www.thedailybeast.com/vladimir-putin-should-be-very-worried-about-ukraines-new-kamikaze-drone?ref=home

$10k destroyed a petrol refinery; good return on investment.

Freddy,

Stop gaslighting this board - the company just lost more in m/cap than it raised!

So - where would the money for a lab come from? And, raising £2.5m indicates little faith in any cash from a deal coming in soon to me.