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Beat me to it, just about to post. Almost £400k buy went through! That's not one of the Twitterati crew!
Starting to get exciting!
GLA
Have had my posts from this morning removed. Make you own minds up why.
'Something's up' 'this is being held back' etc etc
They shouldn't be too difficult to spot ;o)
GLA (genuine holders)
Reading Twitter last night it was clearly an orchestrated P&D by doc and a few other cronies, probably some of the same ppl on here recently saying ‘this is only going one way, to zero’ etc
The share has been played and some will have bought in on the back of that, be interesting to see if it now holds the gain or falls back to the 8p mark
GLA
That might change tomorrow morning when there isn't an RNS, or if there isn't.
GLA
Be interesting to see if it can now hold onto this rise? If no RNS in the morning then I doubt it, sadly. Be good to at least hold some of it.
GLA
.....still think there won’t be an offer?
GLA
Looking at the share trades looks like a leak to me!!
GLA
Which is another reason JP needs to deliver 50p+ as a minimum. Several institutional investors have bought in at 50p and above. JP may care less about PIs but he won't want any IIs to lose money at LE otherwise his reputation in the industry will be diddly-squat.
GLA
JTF there are so many different variations. Personally I hope someone takes us out lock stock and barrel, whole lot including SM and then we can all move on and JP can show us if his promise that 'no-one will lose' holds true. If I was JP I would want to at least fulfil that statement even if his four figures won't cut it proves to be total BS!
Contingency payments give him a cop out. 'I got you 40p but with CP that could be £s' (ten years further down the line)
I still stand by the time line, nothing on offer till August at the earliest. Could get news re GSA although even that I believe will be tied up in deal. Still believe 50p+ for a sale with no CP.
GLA
60% of Morocco’s gas to power needs. Very different to 60% of their total needs, but still significant amount of gas
GLA
JTF just in case JP is reading this can you confirm what price you would consider a good outcome ;0)
GLA
Did you know Omar served prison time in Morocco for making false claims to have found Gas with no evidence?
So yes Crude, he is possibly qualified to join the team.
Sun's out Fun's out(side) so take a leaf out of Trellis' book and enjoy a drink in the sun. I'll have a cold glass of pinko (rose) so Trellis may be turning in his grave! Hopefully Trellis is actually in rude health.
GHA (good health all!)
I have been looking across AIM at some of the other companies that operate in Africa. What a c*** place to invest!
It's no wonder the continent is in the position it is. Most of the countries are so badly managed and are such a hostile environment for business. Getting anything done just takes forever.
Morocco is actually one of the very best places to do business in Africa. Maybe it's the continued European influence?
What was that then Petrol?
Sounder I totally agree with you, but that is not how banks value the MC of a company that is seeking capital.
GLA
Mike do you think the MG would let them do this? Genuine question.
It would be very high risk to let a company with a MC below £100m take TE5 into production with the risk of raising capital etc personally I think JP's hands are tied.
GLA
WWW if there is zero interest then why are you bothering to post?
GLA
There is £2Bn of recoverable gas in TE5 and it can supply 60% of the gas to power for the whole of Morocco. We will get some bids even if the bidders don't plan to drill any further wells. Don't ignore what we already have!
On the optimistic side we have proven average the size of two Quatars, a bigger company and a few more drills will unlock that. The big question is how much will they bid? I'm saying 50p plus but not sure how much more.
I don't think JP had any choice but to sell, I think the MG are behind the timelines, SOU had their chance and failed. So we won't get the price JP wanted but lets hope we get a decent price. None of us know what the information in the data room shows and we could be in for a nice surprise.
GLA
Fox, I honestly think you will be disappointed. (about the offer, not the hold for gold comment)
GLA
MTT this is typical of you to relish the thought that people are losing money. Just because you sold all of yours at 87p or whatever it was doesn't make you a nicer person.
Personally I hope no one loses money on Sou, not BM or JP or even OGIF. Surely it would be better for us all if no9 one lost money?
GLA