Member Info for Rabidfly

waffle, waffle, reads very poor, but they will drill another later in the year.

Not looked in here for a while. It has done remarkably well on the back of, well nothing much really. Still waiting for the drill in Morocco - looking back end of Q2 if lucky. Trinidad still swabbing and faffing around. 11% drop against a background of more buys, does indeed one to wonder if financing is in the rear view mirror. Looking at the last interims the loss £0.78 mil, with just over £2mill in bank. So probably down to around a million now. It would perfect business sense to raise into a strong SP that is substantially higher than last years placings. More finance in these uncertain times is always prudent. Time will tell of course.

A year of little or no progress, particularly in Morocco. That drill is looking Q2, probably Q3 at earliest. Can see a raise next year.

Well no pre i/v rns. Looking for an entry when SP touches 1.6 over coming weeks/months. T and T is offering little, no other deals materialised. PRD been put in their place by BPC. BPC going their own way. Focus is and always was Morocco, so come back when news drops - drill next year. Will they get a JV prior to initial drill, maybe but not on any great terms. Problems problems for Paul to consider.

Nothing happening here. No triggers to get SP moving. No interest. No real news for some time. Will continue to drift lower. Sub 2 to be re visited. Don't expect anything from i/v tomorrow. Totally in the doldrums of the covid virus. By the time Morocco gets drilled finances may need topping up.

going sub 3 in next few sessions. No drill in Morocco I guess until end of Q2 2021. Fram and BPC playing hardball with PRD. Ireland all wind and air.

of news, nothing to report due to covid19? this is becoming a farcical stock. Where's the flow rates? Morocco - not in the next 6 months. No placing says latest RNS - come back in 6 months if no progress and see what occurs. Awful communication from company.

here at the 4 level. Warrants may have been used up. Now onto options at same level. Few more million left yet. Too much selling pressure as well from investors in at lower levels. Red day after red day, wheres support - 7?

Where are the promised flow rate results? am I correct in believing they are overdue? perhaps I misinterpreted Paul's last few interviews. Dear, dear what a shamozzel.

results? Are they overdue? Seem to recall CEO promised them sometime ago. dear dear.

Cant stop this dismal stock falling. No activity across the three assets. Trinidad and Morocco no go areas due to virus. Come back next year sometime. Bod burying the head in hands.

of untold riches and previous marvellous investments as examples to justify PRD. A hard core of posters, who i would venture to suggest, have appeared since the February placing, apart from MMM. Hmm, why is that - simply they are selling into the uncorroborated nonsense they espouse. Tread carefully . The onus is on the company to deliver news - not the whimsical narrative put forward by the get rich cliché.

last few minutes. Lets see what 7am brings.

clueless. Blue day anyone?

https://www.gov.uk/government/news/government-begins-large-scale-study-of-coronavirus-immunity

really are indifferent to the sp at this moment in time. They have their funds and plans for works this year. Unfortunately the lack of interest, knowledge of CLN being converted and low liquidity in the stock will mean the CLN will be a drag for some time as there is little sign of the drill happening any time soon. This could all change if Paul came to an arrangement with Arato - even if it was not for the full amount offset against the security. Just seems the company are content to plod along as they are.

It is clear Arato will continue to convert the CLN as and when they like, irrespective of the security they have over the returnable bank guarantee. By my reckoning they still have something like £870k to offload or thereabouts.
The company need the finance at the time for the deal but it has come at a heavy price. Not being able to pay any of the loan notes from the last placing was, imo, a masterstroke by Arato and weak management by the BOD.

Agreement with Arato Global Opportunities LLC
Arato Global Opportunities LLC ("Arato"), providers of the previously announced Convertible Loan Note, have agreed with the Company:
§ to an Orderly Market Agreement

§ to allow the Company not to repay any of the Convertible Loan Note from the Placing Proceeds

§ that Arato be given security over the USD 1 million cash in the form of the returnable Bank Guarantee from ONHYM following completion of the Moulouya well.

but true to nature there is the placing, albeit only a million. That wont last very long, really on tax credits. financially this company is a mess.

This peanut allergy is being treated with the drip drip drip of yearly placings. You will get used to this, the BoD certainly have. There will be another in the coming months. Cash burn is horrendous. Great potential but not enough end result.

Nothing going on here other than an imminent fundraise.