Member Info for SirBob

Whilst appears not much to lose at 1p, given i’m in over £3k a point, I have, all be it limited to that .
My concern is we’ll continue to see dilution down to UKOG levels, as I reckon £1.5m will last them 6 months at best.
When you read HISand and GKB’s posts the real black and white of failure upon failure and what would appear lies, it’s hard to see financing coming off......I’m just intrigued to know what the companies next bluff will be when it doesn’t come off....

Ress - yes invested as I believe also is GKB47.

You raise some valid questions......but as GKB47 subsequent post points out, so many many more are unanswered , indeed including on there own Q and A board on website.
With regards the finance now a year since GL started looking by his own admission and still non secured , latest RNS was not
Caused by more wanting to invest but by now needing more than one investor to get money together.
As for a ‘notice of intent/interest’, might as well be written by a bloke down the pub as has no legal bearing, it’s a note, end of, a far cry from RNS end Jan which stated legal side To be done and then draw down will Commence.
So do I think finance will be achieved? Probably not, but like
Many invested here, my only hope of getting any money back.....we’ll find out by end of March if GL is good to his word.....I won’t hold my breath....

I totally understand why people are selling, end of jan we are ‘finalising legal side ‘ of loan and now we are back to ‘letters of intent’, nothing legal. Headinsand says it all, in a rather amusing format and GK47 states in pure fact regularly....just look at UKOG if you think it can’t get any worse, at 0.015p.
What has actually been delivered bar shiny new projects with no funds to
Complete. If there was an oil leak under company Bentley they’d probably start drilling ‘this exciting new prospect’!
This is a pure Punt as to if GL secured finance which he’s clearly already taken a step back with.
Trouble is if I was asked to lend £12m pound on an asset bought for a £1
Needed due to board totally misjudging costs.....would I lend them the money? Would you?

Lol.....great funny post......I’ve a heavy bet (can’t justify word investment) here, but you do have to look on funny side, as your post illustrates beautifully how GL works......many new projects in coming days to keep share price up, all of which we have no money to start/complete, I hear he found oil under his Bentley on weekend, so new drilling campaign there too.....
Let’s just hope he manages to pull at least one of them off....

I suspect the drop is due to people closing positions on IG,
IG emailed clients yesterday advising MATD amongst others has to have 100% margin in by Friday and even then positions closed by end March as they will no longer dealing in 900 small caps .
Many are down today as people exit long positions .

So IG have given to Friday to put 100% in and even then you have to close position by end March or it will be force closed.
Weirdly does not affect Lans.
So I’m considering moving from PVR to Lans which others might do over coming days.
But for sure lot’s of long positions gonna be closed for PVR this week...

Unless he goes for an after hours Friday RNS - seen that before - usually Grim.....lol

It’s not like Angus have a bad track record of achieving results or for screwing over shareholders ......
Mmmm......at present this is Nothing more than a lottery......and let’s get real with Covid excuses,
This has been going on months and we are now nearly a month past initial completion target, so this
Is now a near month on initial target and over by week nearly on extension target.....it’s all gone awfully quiet and could go either way...that’s the reality

Well I can’t see us having long to wait, he’ll have to issue an RNS pretty sharpish given another failed time line....

Yep Highroller a pure gamble.
To me he bought time with 2-3 weeks whilst urgently looking for an alternative.
I hope I am extremely wrong ....

Superbly articulated.
Interesting / nervous few days ahead.....I reckon RNS Monday

Sadly I view GL in same light as Greg Bandy (RMP) and Peter Landau (RRL) amongst others, a good salesman whose upbringing adds to his credibility, he may still pull this off and even above mentioned companies had spikes (all be it short lived),
This board keeps making excuses for him ( I think many think what’s written has huge impact on share price!) but ultimately he’s never kept to one timescale, produced a need for £12m from no where, finance deal with some unknown company and diluted company on top of all that out the blue last week to a huge extent......
As headinsand states, might as well stay in now, come this far, but any spike upwards and I’ll head for hills...

I believe my header was known as ‘sarcasm’....
As for getting repaid, why would they worry with Angus excellent project success rate! (Another example)
Gonna be an interesting few days ahead , at least why have one success in investors financing continually there lavish lifestyles...

I mean £12m against a £1 purchase! And it must be worth at least a tenner now we are reconnected to national grid!
But seriously as I said yesterday, if I were GL I’d be totally embarrassed at missing yet another deadline (come post Monday),
I suspect we may well have an RNS next week either that confirms finance collapse (has he been buying time in desperate attempt to find another backer) or one that will add 50% to company value, as in finance confirmed , either way I see .50 or 1.50 dependant on which way it goes.....I’m starting to sway to negative though as it does appear he’s kicking can down road and buying time....financing paperwork can’t take this long to sort out.

Clearly finance has been a difficulty in a world of zero interest rates then Angus loan shark rates......
So finance clearly has been an issue or we’d be paying a lot less.....
Fair point HIS and Croqman, it would just be nice to see a timescale
Met for a change......still time Though.....and I dare say a Friday or
Monday RNS was almost most likely.........joy of AIM, given I’m in Matd, Lans and PVr too I’m surprised I sleep at night ! Lol
£3500k point on soreadbet on this one ....

Surely even Lucan isn’t going to miss another timescale promise, has he not heard of ‘under promise over deliver’.
Still two days yet, but if not forthcoming I expect a hefty drop,
As others have said this is a lifestyle company for Lucan et el, but even they have there day sometimes like Rmp, has spread from 1-7p over recent years and Angus can do same, but we need some things to come off first, the main one being the loan shark financing.......at present in housing terms we’ve bought the land, done the groundwork’s, but have no money left to build the house....come on GL meet a time line for a change .....
Next few days crucial for long term of Angus 2p or 0.2p on the way.......GLA...

Not that Angus adhere to time scales historically, sure he said by end of Jan announcement,
Given tomorrow is last working day of Jan, hoping will get one then.
Amazed and pleased this still above placing price, bodes well, new venture and then funds confirmation within two weeks
Should see a rise here, just not sure to what level as AIM so could go anywhere!

Lucan will have slipped this out today and tomorrow or Friday we’ll see new project announced - didn’t he say end Jan?
Let’s hope it’s a good one.....then finance news in a week or so to try and continue to send share price north.
I like James second thought funding was covering all of this, but typical Angus once again, the rollercoaster continues, but I’m more confident of making a profit here now than a month ago....good luck all....we’ll need it

£3.5k a point on IG......

MB stated shortly after the find that this opened up avenues for financing and expressed that he hoped only a small amount would be necessary via a placing.
For me the exploitation licence will come, the key on future share price is how he finances it and on what terms and the exact dilution.
Angus announced a financing proposal a few months back and loan shark springs to mind - but non the less finance all the same - so given our much better position and with IMO a much better leader, I’m reasonably confident of us getting a decent finance deal. Personally hoping for 20p area around 2nd quarter sometime.
What a drag this licence has turned out to be mind!!