Member Info for Revelator

Ha, absolutely! :) ...I always sell too soon, but I made what I wanted so I can't really complain..my mistake was actually not in the selling on Monday but not reading Tuesday's RNS thoroughly enough to want to buy back at a lower price, 2.7, in the morning. But as long as you keep making profits you always have time to learn to do things better next time :) And I've made on 2.4->2.8 twice in the last two months, so it could be worse.

Yeah I think we all know about it now, I'm just surprised to have never seen it before :D Hallmark - interesting analysis, thanks :) Watchlist for now, for me.

Had anyone heard of this before today? I pride myself on knowing most (all) energy/commod smallcaps, but had never, ever heard of this!

I said I leave alot of profit :p !!!

Compared to PMG this is v undervalued.

Not invested and can't believe I'd never heard of this to be honest...!

My first buy was 22/09/2010, 3.47... Very Niche, as you say ;)

And can't get even £1k...happy times :p

At 5.88 - was impressed by last week's news and happy to have the chance to get back, esp with the CPR coming soon. Whilst no one can say what it will contain, my guess has been that they wouldn't keep giving Oman more moeny (but instead raise and invest in something else) if there wasn't alot of hope. I've actually quite a long history here: 3.5->5.25 Sold, changed my mind: 5.35->7.28 Sold as the 6p placing was announced. 6.53->6.82 Sold as the Japan crisis was about to take hold. 7->7.5 Bought as I was impressed that this barely fell during Japan (sod's law), sold as the oil news was good but not life changing. 5.88->????

Quotes from the recent y/e's: ''"2010 was an extremely successful year for DEO. At the beginning of the year DEO set out its strategy to become a leading independent oil and gas player within the UKCS; with the acquisition of the Perth Assets we are now a step closer to achieving this. We are on track to deliver the FDP plan to DECC by 30 September 2011 and expect the approval to be granted by Q1 2012, with first oil targeted in 2013. The recently announced strategic partnership with Parkmead will not only help DEO pursue other opportunities in key areas of the UK Central North Sea beyond the Perth Assets, but it will also allow the Group to focus on its core expertise in development and production. Both companies have a deep understanding of the North Sea, complementing one another in their core skills, and we believe this collaboration will allow DEO to deliver further value to all our shareholders." We are excited about the outlook for future acquisition growth, and believe the Company is well positioned for this in the near term."

But some big players in here too http://www.deo-petroleum.com/investor-relations/aim-26 Morgan Stanley have decreased and Bank of Canada now have a stake.

''DEO Petroleum U.K. Limited ("DEO") and the Parkmead Group plc ("Parkmead") are pleased to announce the signing of a strategic alliance agreement pertaining to certain areas of the United Kingdom Central North Sea. The companies have agreed to pursue joint opportunities and collaborate together on a 50:50 basis in three specific areas within the UK Central North Sea. The collaboration arrangements in these areas will initially span the period through to December 2013. In addition to working together in the anticipated UKCS 27th Licensing Round, DEO and Parkmead are also looking at joint acquisition opportunities in the identified areas. The parties have also agreed, subject to the necessary regulatory consents, that during the application, bidding and exploration phases Parkmead will act as exploration operator for the partnership and following commercial discovery DEO will assume the role of development operator.''

The price went to 52pish on announcement of a 50/50 tie-up with Parkmead, valued at £100m+. Deo is valued at £19m - that's about £6m cash, an asset bought for £10m and the promise of a 50/50 tie up with Parkmead, which I value at more than £3m. There's not many PIs here so liquidity is low and the price could go sharply up or down, but I think the market has missed a trick, particularly as PMG is expecting to announce acquisitions in the near term. I didn't buy on the original news, incidentally, as there had been sells at 44p ish and I felt the price would go back there first off. Got in at 43.25. It's now 43.75 to buy. £2K sells are 43p, my £4k is getting a discounted price of 42.5, but I think that's normal with these shares - ie to buy £6k I was also quoted a premium, 44.2 not 43.25.

Market's missed a trick here I think - I took this from last RNS as being v bullish: ''In addition to the VTEM survey, the magnetic data from the 2008 and 2011 airborne geophysical survey have been integrated and re-processed and the results (shown in Figure 2) have had a significant impact on the structural interpretation of the JDO project area. The mineralization at Palito is structurally controlled, and consistently follows the 310(°) regional strike observed in the Tapajos. The main zone of the Palito resource, has been traced over a strike length of around 1km; however, the re-processing of the magnetic datasets suggest the structural zone that hosts the main Palito deposit may well be substantially longer than originally interpreted, possibly extending as far to the south-east as the Currutela target currently being drilled. The re- interpretation also suggests a number of sub-parallel trending lineaments also exist. These also exhibit substantially greater strike lengths than first thought.''

2.8 - Anyone buying at the time of my posts the last few weeks is hopefully in a nice profit! This could very well go further...I always like to leave some (alot of!) profit for the next buyer.

But the risk is it's the last throw of the dice...not sure more money will be pumped in if this doesn't work. And even the current m/cap is a bit high considering they have nothing that exciting (yet).

Buy price up to 2.85 :o

Since the acquisition of a controlling stake in a company with a trading activity would represent a fundamental change in the Company's business, any exercise of the Ferrum Option will be conditional, amongst other things, on the approval of Emerging Metals' shareholders as well as on admission of the Consideration Shares to trading on AIM. A further announcement will be made should the Company decide to exercise the Ferrum Option. EML's directors Stephen Dattels and Jim Mellon are indirectly interested in 11,666,667 and 285,714 Ferrum ordinary shares respectively with Stephen Dattels indirectly holding an option to acquire a further 1,500,000 Ferrum ordinary shares at a price of GBP0.35 per share. These interests would, assuming exercise of the option indirectly held by Stephen Dattels and no other Ferrum share issues, amount to approximately 18.70 per cent. of Ferrum's issued ordinary share capital after the Subscription. Stephen Dattels, Co Chairman of Emerging Metals, said: "The Bridging Loan (together with the Subscription) provides Ferrum with sufficient capital to pursue its proposed Cameroon Acquisition, which we regard as a hugely exciting opportunity. In addition, we remain very excited about Ferrum's prospects for its early stage iron ore interests in Sierra Leone, together with the potential grant of an exploration license for its more advanced Topa iron ore deposit in the CAR. The Subscription ensures EML shall participate in the potential upside from all of Ferrum's existing and potential assets (which the Directors believe will generate significant shareholder value), whilst the Ferrum Option gives EML the right, at its discretion, to acquire 100 per cent. of the issued shares of Ferrum if the directors consider this to be in the best interests of the Company and its shareholders."

Up to 2.6-2.5. Full RNS from 4:50PM Friday: merging Metals Limited (AIM: EML) is pleased to announce that it has subscribed for 26,228,570 new ordinary shares ("Subscription") in the capital of Ferrum Resources Limited ("Ferrum") (the "New Ferrum Shares") at a price of US$0.305 per share for an aggregate consideration of US$7,999,713.85 (US$7,247,213.85 net of repayment of an existing US$752,500 loan from the Company to Ferrum) pursuant to the option agreement with Ferrum announced on 10 May 2011. The New Ferrum Shares represent 37.23 per cent. of Ferrum's enlarged issued share capital. In accordance with the terms of the option agreement, Jim Mellon and Denham Eke are to be appointed to the board of Ferrum with Mr Mellon assuming the interim role of Chairman. The Company has in addition advanced to Ferrum US$7,000,000 as bridging finance (the "Bridging Loan") for a proposed acquisition by Ferrum of 63.5 per cent. of the issued share capital of a Guernsey registered company with Iron Ore licenses in Cameroon (the "Cameroon Acquisition"). The Bridging Loan, which is secured against assets of Ferrum, is immediately repayable together with interest (charged at a rate of 9 per cent. per annum) on 31 December 2011 (unless agreed otherwise in writing by the parties). The Company will make a further announcement regarding the Cameroon Acquisition in due course. Completion of the Cameroon Acquisition is subject to Ferrum's ongoing due diligence and the Company is currently subject to confidentiality obligations in this respect. Concurrent with advancing the Bridging Loan, the Company has today entered into an option agreement with the holders of all the remaining issued Ferrum ordinary shares (the "Ferrum Option") giving the Company the right, but not the obligation, to acquire all the issued shares of Ferrum not already owned by the Company for a consideration of US$0.305 per share, to be satisfied by the issue of 7.16 new ordinary shares in Emerging Metals at an effective issue price of 2.6369 pence per share (the "Consideration Shares") for each Ferrum share acquired. In addition, subject to exercise of the Ferrum Option by EML, holders of options over 8 million unissued shares of Ferrum, each with an exercise price of GBP0.35, shall be granted options over new shares in EML on substantially the same look through terms as their existing option entitlement, in consideration of the waiver of their rights to acquire shares in Ferrum. In aggregate, if the Ferrum Option is exercised, EML will issue 316,574,266 new ordinary shares based on the current issued share capital of Ferrum and will grant warrants over a further 57,280,000 new ordinary shares, each for a term of five years and with an exercise price per share of 4.88 pence. The Ferrum Option was granted in consideration of a payment to each of the Ferrum shareholders of GBP1.00 a

http://www.investegate.co.uk/Article.aspx?id=20110603164609P7AA6 Released Friday, they have got the stake in Ferrum now and any further acquisition to take it to 100% will be via the issue of shares at prices above the current Market cap.