Member Info for PageofCups

Hello Gordon. A fifth sounds about right. I got 13.8% of my excess application. I decided to use my refund to buy in the market.

I'd be amazed if BOR don't get a partner who will share costs with Navitas. The economics just got better.

I think Harry is rewriting the Chairmans' message to take account of the great news at RKH. Oilers moving in on the Falklands and the game has changed. Money moving in for development makes BOR's task a lot easier now.

Just picked up another 100k for 1.708.

Chairman of Navitas, Gideon Tadmor: “Navitas is once again implementing the strategy of a chance entry into a proven mega-discovery before development with the intention of leading to its development and carrying significant value to the partnership.

We aren't really worried about the production of gas and when that will be, or whether it will be Borders doing it. What shareholders want is financing agreed through either a farmout or investment bank or a sale of the asset. Any of these scenarios will mean the sp takes care of itself 10+ fold from these levels.

I bought some on Thursday with my refunds. Have an average of 1.65p, which I don't think is bad. Will buy some more if we go below 1.4p.

Some might say they wouldn't want to be out over the weekend. I definitely wouldn't want to be out come the end of April ;-)

Results were going to be on 18th April but it's a Bank Holiday, so probably will be on the 19th April.

BOR is a dreamers share. It's unlikely that a partner is going to rescue Borders and spend over $1bn to get Darwin into production when somewhere like the North Sea has over 24Bn barrels of oil and gas available. Darwin is low on the pecking order, but the thought that the BoD actually having a plan is possible, but the question remains, if so, then why didn't they have a plan a long time ago? Obviously the oil price is a factor, but BOR have often stated that Darwin is commercial at $35 a barrel, but yet no plan, no partner, so questions remain and a likely farmout remains a doubt. We can only hope the BoD produce a result, but past performance is a concern.

The main reason for the open offer was to be able to report they are a going concern for the next 12 months in the annual report.

19th April for results. But they won't say much as it's backward looking.

Not expecting any news until much later into the year. The annual report will be about last year and will just mention how the gas market and oil price is favourable and that the Darwin discovery is valuable and attractive blah blah. The BoD need to come up with some concrete plans rather than the usual we are confident of monetising Darwin. Need some proof of a partner or project finance or some plan in the next couple of months, or we will be getting to the end of the year and licences running out again and nothing happening.

Train is leaving the station. Don't forget your hat.

The other alternative is debt finance for early production and the project becomes self funding and the debt paid back. Some investment banks would love to get their hands on the condensate and BOR can share the production until the investment bank is paid back with a nice profit on top. BOR would keep 100%

Wow, what a result. I'm surprised they didn't keep the extra money raised and issue a few more shares. Obviously they feel they don't need the extra cash, which is good. Keeps the dilution down. Being in need of cash and only taking what they need tells me they have a plan.

Wow that's a lot off hassle. Your broker should of advised you to open a nominee trading account and so they could put your entitlement shares in it and you then deposit funds into that. You could then transfer the shares into your ISA account for 2022-23.

Anything near 50% will be exceptional. Anything near 80% will be a miracle. Anything near 100% unlikely. We are a bombed out share with zero chance according to the market. But things can turn around and the market doesn't always get it right.

https://en.mercopress.com/2022/03/30/cold-winter-and-fuel-shortages-ahead-for-argentina

Annual report on the 18th April. Get a heads up on marketing and partner progress and the investment bank assistance. All market indicators positive for debt finance or farmout.