Member Info for Serif

Presumably they make it so difficult for shareholders to get any of these placings shares in order to guarantee to the bucket shops that there are hungry shareholders out there who will buy their flips.

Or based on what they’ve said before is Antler targeting another licence which could be driving the timing?

On the raise that is c£5m if you include the warrants - plus the retail offer which if they make easily accessible for nominee holders in platforms could perhaps raise another £1m plus??

Dai - I was thinking along similar lines - offers a quick way for small companies to monetise any discoveries. Expect it to be on confirmed rates rather than potentials as that would be taking on unnecessary risk when they can get good deals in any case.

Only - what’s the difference now that we know the name of the “lender”? The loan terms have been published for months and those are the ones relevant to EOG. There is nothing new “of concern” here, just confirmation of the rns of 21st May.

Great detective work Flombo. All ties up with what WH told us - good to see that. Obviously it throws up a tested route for alternative sources of funding.

SP ends the week just where it was at close last Friday. Let’s hope it can keep ticking up closer to 2p again next week as we move towards next steps for EG.

Meanwhile the SP has made a small uptick on low volume, small movements which seems to have been the pattern for most this week.

Could be, Only, but if so he’s running the same joke on any number of shares ATM, and it’s not the first time he has posted similar here.

Hi Rob, please dont be offended by this post, but I suspect many here will have been concerned about you post as Dai suggests. Had a quick look at your posts over different shares on your Member Info and you seem to be similarly lost on a number of your shares atm. If you buy shares, especially of small volatile companies, you need to stay on top of developments yourself or you risk missing every opportunity and taking every fall. You can’t rely totally on these boards because, while there are many genuine honest posters, there are also scammers who will deliberately try to influence you unduly one way or another to support their own trading positions. Suggest that you ask yourself honestly asap whether you are willing and able to take the time to research and understand the potential developments in the companies you hold shares in, as otherwise you are taking unnecessarily high risks with your money. If you do the research you could probably come to your own view on your questions here or at least have some info on which to judge the credibility of any responses. Hope you find a good way forward. All the best.

Flombo, thanks for the reminder on WH expecting to hear of the Chinese approvals soon. When he returned from China a couple of weeks ago he also said that the planning for the drill was continuing at pace, so am hopeful that we will get some more indications of what might be possible here in the near future.

1.5 - he’d be lucky to get anything below 1.6 and would have to move fast. Actual buys so far this week have exceeded sells by 2.8m. Wouldn’t surprise me if this dip is a one week wonder.

A bit more research on WA TR1. He wasn’t a big seller into the news - 1-2 million at most following on from the farmout announcement. EOG website shows that he had reduced his holding to 5.01% by 31 Dec and there wasn’t much sold on the day of the news. He seems to sell relatively small amounts over a long period into SP strength, which makes sense for a long term supporter and continuing large shareholder in EOG who would have no reason to want to “crash” the SP.

Certainly a lot of people did buy today with 2m more bought than sold - just about wipes out Friday evening’s selling totals as well.

Nigel thanks for the good wishes. People don’t have to be geniuses or in fantasy land to know what you are trying to do, even if they hadn’t read your posts on other boards.

Just looks like traders trying to exploit uncertainty to get cheaper price before next EG news - so orchestrated selling late Friday and early Monday.

WA built up a very large holding while acting as a very supportive director. Since he retired he has moved to reduce his holding at various points which seems pretty reasonable in terms of balancing his investments at his age. I don’t see any connection with the times he has sold other than that the price has been robust enough to absorb the shares.

It’s not ambiguous, but keeping shareholders informed. The licence technically runs out this weekend and last time this happened shareholders were unsure whether the licence had been lost or not. This reassures shareholders that it is still in place until the Irish Gov responds, which last time I recall was several months later.

So the referral is not technically about the use of proppant squeeze at all, but the “weighting” given to particular types of development. What a lot of hot air and misinformation.

Looking on the bright side, these delays to progress to Cloughton and Wressle (and they are delays as the resources stay in place until any sensible Gov makes a decision to go ahead rather than relying on European/Russian or hydraulic fracked US LNG) mean fewer calls on our cash in the short term, so Antler/EOG may therefore have sufficient cash in the bank to fund our 5% of the EG drill.

And the evidence that history provides is that proppant squeeze does not have any of the negative impacts that may be associated with large volume hydraulic fracking - but that point seems to have escaped our councillor and “fracking free” campaigner! Surely if the Gov wants to ban proppant squeeze they can at any time and this would override whatever planning permission North Yorks may have granted - so they are perfectly able to make the decision now on current law safe in the knowledge that if he Gov was soon to bring in a further ban then EOG couldn’t go ahead with the banned technique.