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Mikes words were he was looking a various finance options and hopefully only A small part would be needed through a placing.
So almost definitely a placing, just how big is dh e question , although he did express wish to keep it small.....
I thought same , but then someone posted a link to London stock exchange .....I’ll see if I can find it.....i was gobsmacked at the time....
And Ocelot, telling market your going to submit for planning in week is not market sensitive info, confirming it’s been done is......
I’m hugely invested in Angus, but I can’t help thinking all these RNS recently has been An attempt to Boost share price.
Given it costs £10k to issue an RNS, we had one saying planning application would go in no later than 20th August and then another a week later to say it had been done - why waste money on this. Then we had three RNS’s in a week......why spend so much on RNS’s when could have done it in one operationL update.
Great we have so much news, but all this news means a lot of expense down the line......I hope they do manage to raise by banks, but I fear true reason for RNS outpour was to Boost share price for placing .......only time will tell.....
Good post.
As for insults on here, between posters, different opinions
Is kinda purpose of discussion boards, even if you don’t like what they
Are saying. Makes me sick when people chastise others for daring
To raise a more negative possible outcome.
Ultimately this is AIM, so we are all invested at high risk and there’s good bad and ugly possible outcomes, but I feel safer with Mike Buck than the likes of Peter Lansdown (RRL formerly) or Bandy (RMP) who were glorified marketeers....to name just a few
Just to clarify, my point is that having followed/been in numerous oil shares, everyone gets hung up on a rise when this licence or that licence is approved, and indeed sometimes the issue of one gives a short term move northwards.....but ultimately it’s the funding deal negotiated that has a long term impact on share price......hence I think on licence issue we’ll see a move up, before eyes turn to how we are going to finance all this moving forward.....how good that deal is probably depends on how many interested parties we have.....but as said before MB did say in one of interviews he hoped a placing would be minimal
If it occurred .......be interesting to see how quickly funding info follows licence info...........
There will be a placing yes, CS, MB said it early on, but he also said he hoped it would be a minimal one with the bulk of funding coming from farm in or loan, now we’ve actually found something.
Personally I think we’ll see a share price boost on licence issue and then fall back, unless funding options come out simultaneously, as ultimately I feel its not the licence that will determine the share price future, but how positive to Matd the funding is.....
This shares right on its resistance, so a break would be good.
Surprised not more of a rise on latest news
Totally gobsmacked it dropped.....good RNS, certainly not bad, but after last time, maybe people want to see the money ......
Often has various spikes this share, interesting thing this time is that it’s finally coincided with a PVR run , so no news, but hopefully something in joint rise.
I’m heavily invested here and have seen over the months
And years.....so many ‘ when this happens ‘boom’’ and I dare say it will rise in announcement of licence , but possibly only briefly as when we struck commercial looking oil. I believe as soon as licence arrives attention will turn to funding and that will be the golden ticket or not to a share price rise. There will
Undoubtedly be a fund raise, which sometimes are seen as positive by market, but Mike has stated he hopes only a limited one with hopefully the bulk coming from another source.....the cost of the funds raised I believe Will dictate how high we go......so let’s hope mikes a good negotiator.
GL all
Getting a bit boring, board being obsessed with CS.
Can we just ignore him please if he winds you up.
Wind up merchants keep coming back if you give Them attention......or try to argue with them....so just filter or ignore if you don’t like what he says.
Mike B has stated they need between £10-15m I believe .
However he also said he hoped not to raise this through large dilution, sure he mentioned in one of his presentations maybe a small dilution possible . But felt that with now tangible assert could now go to banks if required, hence negating the need to raise through pure dilution.
As for share price, this is AIM as we saw a few years back when it hit 30p plus, all depends on deal/dilution etc.
I’ve set my target at 12p.....but will judge momentum when rally starts . Very heavily invested here.
Good luck all
I said exploitation a while away as it appears one more stage to go after current one, which Matd say Report is nearly finished On our part. But even if it goes in quickly, judging by speed so far, I think we still have small wait at best.