Member Info for ShouldveSold

Interesting. Until when?
I thought all those licences expired in 2021.

So no other company can bid on any acreage in Bahamian waters, even the ones relinquished?

Drilling completion news expected this week. Even if its stellar news, testing & flow results will come mid July so a new SP floor may have to wait till then.

In respect to the Bahamas; I think if it had increased potential, other companies would have bid on licences to try and snatch a deal in the renewal process. But thats just my own interpretation, I have no knowledge of the licence bidding process or if others have indeed bid for any Bahamian acreage.

Great to see the price of oil at this level, not for petrol costs thought :/

I presumed the recent capital restructuring was in part to settle outstanding financial commitments & was expecting news on this. I am surprised how long this arbitration is taking.

Well even if Scir's net is £10k per month, that is £10k more than it is currently producing.
It is hard for me to get excited about an business I know nothing about. But evidently the infrastructure is in place & already producing income. That I can get excited about.

This is a solid first step into diversifying away from Tanz which I am very upbeat about :)
I was expecting Scir to dip to .9 but with this news & the HE1 progress, my outlook is changing.
I may have to take this out the bottom drawer & put in the drawer second from bottom.

I didn't get to listen to the podcast, hopefully it will appear of the company website.
I thought the Greenan company was currently generating £45k income per month & that's why it was acquired.

Bit of buying activity today. I am still waiting to see if .18 is reached. With another 5 months of exploration to go, there is a lot of time for SP movements either way. I am not expecting any gold production news. Only more discoveries within that time.
It does give me confidence that when the green lights are given to go into commercial production, this will take off like a rocket. Although the site upgrades & machinery that will be needed for that to occur will undoubtedly cost. Whether those funds will come from the spinout or from shareholders, who knows.

I have no idea whether Newco Greenland listing will come before then neither do I have any idea on what that listing will do to the Alba SP.
I think news on how it is structured will move Alba' SP either way. Its either gonna be good to hold Alba to get into Newco or not & a rise or fall will come with that news. And if Newco lists before Gold production green lights then I think the first rocket ride will be with Greenland, not Alba.

Regardless of the S2 results, CEG have stated the funds it requires to advance the drilling campaign through to 2022.
I think we should all prepare ourselves for fund raising in the coming months.

Rather than opening that can of worms and having this BB descend into squabbling again, I think we shouldn't revisit this topic.
This BB has been getting so much better of late by users not engaging in posts they know will lead to nowhere.
I am looking forward to positive S2 results & another bullseye on Suriname.

Without discussing other stocks or generalising; I have no opinion on those companies you have mentioned.
Apologies if you have taken my reply as speaking in defence of how stocks on the AIM move or their respective BOD decisions to raise capital. That was not my intention.

CEG have made it clear that upto 750M shares can be issued in 2021. That resolution was passed in the AGM. I am expecting stepped RNS's through the year to process the SWP field development. I don't expect people to have total recall on my posts but I recall saying I expect a SP of 1.5p by year end.

DaProphet your posts reads as if you are wrestling with your own investment decisions rather than asking me a specific or general set of questions.

Without getting into hypotheticals, discussing other stocks or operations not bringing success; stocks go up as well as down.
In my opinion choosing to invest in a stock where its income doesn't cover its Opex or Capex & not expecting the company to raise necessary funds along the way is naive.
In no way I am calling you naive or saying  your investments have been poor or misjudged.

DaProphet the reason the AIM market exits is to allow fledgling companies to list, until their MC grows large enough to move onto the bigger indexes.
Many AIM companies aren't generating enough income to be self sustaining from operations, hence the need to raise cash more regularly from shareholders.
AIM companies taking advantage of any raise in SP to raise much needed cash to continue to stay operating or for capex to grow; comes with the territory.

Marker Makers making the market. Interesting trades all at the same time. Order filled?

Stocks normally trade sideways during drilling operations. Its had its rise pre-spud. Next move should be on drill results or preliminary good or bad news with operations.

I agree that the resistance at this level is very strong. Being as it hasn't touched .25 & bounced higher. I am waiting to see if it does fall through this floor.
Good debate though :)

Yanis I am assuming Angs will sell all 12m over 2 or 3 days. Angs could of course not sell any.
The following 5m will be issued on the 21st. I am expecting at least 5 days of the SP creeping lower.

I am certainly not trying to predict the SP, its just my expectations.
With that in mind, do I think its crazy to buy now? Yes. Because I think it will be cheaper this time next week. But I don't think you are crazy :)

With 17M shares hitting the market over the next 5 work days.. I'd say so
:S

More of a Discovery Channel shot for ancient volcano site than mining shoot.

The next resistance point in the chart is .18.
.24 is/was solid but Angus selling may push this through .24 & lower.
I am going to continue to wait before I add.

Someone reports the threads so they have either been removed permanently or are being reviewed. I can still see my posts in my own profile section.

Ross I don't know what the relevance of amount or frequency of posts have? When I first started using this site my perceptions were very different to what they are now.
Instead of me reading something farfetched & offering an opinion on why I disagree with it, if the point is being made by a particular poster, I have just learned to not engage or respond anymore.
I wish more people would take that approach but this isn't my board to police. Everyone has the right to ignore my suggestions :)