Member Info for Oultonmike

Francis, who was named CEO at the end of April after being brought in on an interim basis in February, will invest £150,000 of the payout in SIG shares as part of the deal. The company said this would see him “further aligning himself with shareholder interests”

Expecting the brakes to come off soon.
Gla

Better heading title
Cheers

I know we don't like the placing word.
Looking to invest. Looks good just interested in views on "actively pursuing future funding arrangements".
Gla

Anybody worried about a placing?

  Year-end net cash position of USD 42.5 million (31 December 2018: USD 80.0 million)

·    Debt-free as of 11 March 2020; actively pursuing future funding arrangements

Good evening.
Should we be taking this long preparing an application? It has been over 3 months since March 11th tweet TYK2 for covid19.
We either have no grant funding coming or nda so not applying imo.
Hope for our sanity it's the latter.
Any update on the application Dr. Tim?
Give us a sign please.
Yours trying to be patient

Feeling your pain Aber. Glad the placing was at .60 for less dilution. I did wonder if I was missing something not taking up the primary bid offer.
I'm hoping those who took it up have seen something we haven't yet. (Is that allowed?). We have cash now anyway and covid in no hurry to leave the world.
Hoping for news this week at least of a grant application submitted.
Will take anything right now to cheer us up.
All the best Mike

I'm not sure the 75% vote needed will be achieved for merger.
Quite funny cerp have oil production mc 17m bpc no oil 75m mc. A lot of expectation from bpc side
Gla

Surely a takeover would have seen cerp shares suspended and paid out at an agreed amount.
Merger then imo

Excellent future planning.

"The scale of the opportunity that our planned drilling campaign in The Bahamas may unlock for us, at the end of 2020, means that our personnel are and will remain entirely focussed on their efforts to deliver the Perseverance #1 exploration well successfully.  

However, the current period of introspection in our industry is presenting nimble, forward-thinking companies such as ourselves with compelling opportunities to expand our portfolio and achieve countercyclical growth. The recently-closed Open Licencing round in Uruguay presented exactly such an opportunity for us where, for very low cost, we have been able to secure an exploration licence of an extremely high-calibre that, even as recently as a few months ago, we most likely would have been outbid on by much larger players"

Very happy Gla

With a market cap of £211m and cash incoming of £150m+ this is a bargain and CDR know it.
Will be a very interesting few weeks as new investors take positions imo.
Gla

Does look an impressive presentation board.
Can't wait for Tim's video ;-)
Definitely got to be looking towards a future covid trial.
Gla

I expect placement price 10% below sp from the week ending June. Doesn't matter as only share holders will be buying them.
Imo

If the sp increases as it is less shares will be needed to make up the £150m. CDR have a better share entry price and less dilution to come.
If sp drops to 25p we would be offered more shares to make up the difference. Not good for CDR imo.
I'm very happy with my 28p entry and the climbing sp!
Can't see anything but sp up on opening and not coming back down.
Gla

Sounds like Jim is short!
Gla

Pumpandtrump
I think the Americans should try and stop having their own leaks.
Obviously BPC threatening to their own oil greed.
GLA

New there was going to be a 30% rise coming one day soon
Gla

If an rns lands saying we've partnered with GSK to advance SDC-1801 it would certainly change the atmosphere here.
When your ready Tim

righteous
I would be happy to raise for clinical phase1 trials. That's the next step. No hiding. Believe and deliver

Maybe the big pharmas wouldn't give Tim a deal he could accept due to our expectations!
Now raising so as to be seen as going it alone.
We are in the dark and that is how it has to be.
Some people seem to be over invested here. Crying emoji