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Gus
U should read your post above again
It will tell you how little to nothing u know about wants going on at BOR
Rumblefish
This brutal
Running out of money
RKH merger
Must be on the cards
Even with all the Liabilities
Rumblefish
All responses appreciate it
Bear
Say it
BOR r looking for a buyer
Say it
Rumblefish
Give me a break big bear
We all may as well tear up all our share certificates
The company had a chance with a partner a few years after Darwin discovery
But they blow it
Rumblefish
large oil/gas company like Houbour
Existing a contract
Probably because There’s no skin in the game
Meaning 33% of the Licence
But then we get to BOR
That Owns 100% percent of there license
Rumblefish
Anyway you look at it
It’s bad news today
Rumblefish
St James square!
Must be somewhere cheaper
Maybe in the suburbs
I.e. Richmond or Twickenham
I think old man Obee lives
Close by
Rumblefish
We’ve all averaged down
But the biggest problem is that the company is running out of CASh!
Very lavish office space BOR occupies
There must be money there we can save
Let’s face it RKH moved to
Salisbury
Rumblefish
Gus- old man
Show u on this board that Howard (Stan the man)
Owns 6%
Ie link from their website or RNS
Give something
Rumblefish
Gus
How much stock does Harry own, percentage please
What about Howard (Stanley)
Answer that question
Rumblefish
The opposition is the company is up for sale
But
Howard (STAndly) isn’t charismatic
So boring, old England
Couldn’t sell HaNd sanitizer in COVID if he had it
Sorry to run down the board
But
This is where we r
Rumblefish
Company MUST be up for SALE
They (board) have another option
Cancel all existing shareholders at current value (0.009.8p) YES
And issue new shares @ 0.40p
Market cap would change depending upon closing price at 0.0098p ie 5 million at best
Plus new investors that want to buy in at 0.40p
Anyway we would be diluted so much,
We can all throw away our share certificates
Please some one this board give a different
Scenario
Rumblefish
Just just to understand
They the board can only raise money at 1p
Correct
Rumblefish
R u a shareholder
5 million dollar would be a significant dilution
100%
This is very attractive for somebody that wants to be a shareholder
Rumblefish
They must be talking to other people
ABOUT a sale, RKH shareholders are the same people shareholders as BOR
Probably less dilution for US
Rumblefish
Phil,
It doesn’t matter how much they won’t to raise
Market cap today is $5 million
If they raise $1 million
We get diluted by 20%!!!!!!!
Rumblefish
Should have got rid of them (Board) 2 years ago
This is the problem with voting on something like this NOW, when the company’s running out of money.
We as shareholders vote for new management, the share price will go down even more
Have to vote YES, for these people
Rumblefish
The board of directors all studied Geology (doesn’t matter where you studied)
We need somebody that knows business
Rumblefish
Bear,
We’re past talking about this,
An appraisal well could cost up to $50 million
The board haven’t done what RKH have in finding financing outside of shareholder or stakeholder holdings.
Board have just sat there waiting for a farm in proposal
Now we’re running out of money
BOR certainly can’t dilute/delete There current shareholders to come up with $50 million for an appraisal well... stupid!!!!!
I’ve known this is gonna be happening at least 18 months
It’s Kind of desperation NOW
We can all throw away all share certificates
Rumblefish