Member Info for panman

Certainly something brewing today!! Shame they had to bring the no's out its been fun trading the r's out of this one.

Back in with a smallish SB but not entirely confident so quick sharp rise please.

Thanks for trade. Out now hope she continues to fly for you all.

Been reported on advfn that the cln isn't all at 1.52p only the first £250K they've issued shares for already. Rest is VWAP so needs the sp up considerably before being exercised to avoid a death spiral situation. Presume lender will exercise on spikes whatever so maybe some caution needed til the remaining £450K is exercised?

So you've run away with your tail between your legs. Good move you were making a fool of yourself quicker than Trump in the ME.

Punter there's no "we" you only post for yourself.

Interesting the price of GLND collapsing pre float. According to Price's statement that 80M have not officially denied the buyout price for 80M is dropping too.

Are you concerned at all or do you stand by your position that their CEO was just spreading FUD?

Punter just checked and my whoopsies were at 1.258 and 1.441 so you'll need 1.5 or above before I get bitter and twisted. Hope you get it for the other posters still holding..

Well if you will ask my opinion. lol

Well Italy's dead in the water. It was due to start production Dec but that was bull obviously as was the £2M placing to accelerate it instead.

Price already owns 51% of their 2nd greenland project. Expect that percentage to grow exponentially as they drill further.

Year down the line, Price owns most if not all of the greenland projects 80M are raising again to get Italy off the ground for sure this time.

Price better be wrong in his assertions that his co. can buy 80M's interest in Jameson for GLND's float price as the way things are looking for their sp today 80M's overvalued.

Advfn charts are showing last 6 trading sessions had 4 days of 40M shares traded so swallowing up any the cln holder wanted to sell from his last 37M shouldn't have been too much of a task.

Would welcome a dip anyway as not fully loaded here but wouldn't be too surprised to be unlucky on that score.

Know you're right but sometimes I can't help getting greedy.

Its nearly ready to rock and roll.

https://www.cuprum-metals.com

I know Cuprum look keen with their website and all but do wonder if they can't come up with the final instalment end May could SML with this years raises tackle the play themselves?

That was a different set of loan notes mammaC. Believe today's RNS was all loan notes paid off if reading it right?

I got the impression from Sproule that OPW 9 is planned to take best advantage of whatever productive plays they find in 1 and/or 6.

Should imagine they need as much flow as possible to make development cost effective in such a harsh environment?

hTTps://www.sec.gov/Archives/edgar/data/2037431/000182912625008407/pelicanacq_ex99-1.htm

The first 2 wells are appraisal wells in effect in that the lessons they learn from the will guide them on OPW 9. What they haven't explained is what percentage of the play GNLD will earn if they sole fund it as planned which is relevant given its expected to cost the same as OPW6 for which GLND get 20% of the entire Jameson play.

My opinion 80M need 2 gushers so they can raise finance to cover their 30% and/or they need these fabled 8 and 24M euro revenue streams from Italy to come in. That's if Price hasn't just sold them a pup there.

Thanks ashton appreciated. Can't get past the fact that GLND's CEO stated it in an interview but it does sound like he's thinking about the OPW9 conditions then. "If" OPW 1 and 6 signify further drilling is worthwhile then GLND are to drill a 3rd well OPW 9 costing an estimated further $20M .

Presume negotiations for how large a percentage they earn in for that will depend on results from the first 2 drills hence the negotiating in good faith comments?

Tell me when someone gets a reply from the co. to state your position on this is correct Punter. Til then if it's a choice between listening to Price or yourself I'll listen to Price.

What evidence do you have he was wrong punter?

What a daft post sonic. You may be unable to face reality but fact is Price openly stated that upon successful drilling in Greenland Pelican has the option to pick up the rest of the play at Pelicans float price which he also stated was a great deal for PELI and it darn well is.

Suppose we could always look on the bright side perhaps they'll dust and let us keep our 30%!