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I am hugely disappointed but not surprised at the relist price. In a way it is easy for the market to initially assess the Mcap as the company value has been agreed between the CEO, the board and the Instis when establishing the placing price. That usually is the anchor that sets the price. It is very rare to see any significant premium in the short term. AK was in a poor position with the instis as their initial investments had been put to sleep for 5 years plus so he was hardly in a position to demand a premium. AK works very hard and I have no problem with him buying the shares at the low price but I bloody well hate warrants it is always a drag on the SP. I am also disappointed that there is no news on Niger or refinancing existing debt.
Yes sell on the bell and give us all peace.
Stupid is as stupid does
The RNS states that the readmission document will pertain to the Exxon and Pertonas acquisition with no mention of Niger. I was hoping the scope would cover the financing (and possible partnering) in Niger including a detailed plan for exploration and production. On the other hand I can see an argument for announcing the EXXON/Petronas deal completion now and then early in the new year publish the Niger funding and Plans to maximise momentum. One way or another Niger is hugely important in us realising full and fair value
All the progress has been dragged into the dust (in the short term) by the WN EWT disasters. Things will improve here significantly in 2022 imo.
The Moaning and whining
Like everyone else sorry two hear that you are not well and I will make a contribution to the charity.
On a lighter note I was surprised to hear that like me Paul Curtis is inside doing porridge. I get moved about so much it is highly likely that we have been in the same nick at the same time. I am an old lag and the best advice I can give him is as me and reggie kray agreed it is the first 30 years that are the worst. A bit like being married
Hope you are correct tdemule your opinion is as good as anyone else's. There can be no doubt it is possible wn could be resurrected I just dont personally believe the same team that failed twice should be allowed a third shot. Time for a team with more credentials and a record of success in the WN type of geology
Yes Fiah we can hear the rumbling of the ugly army of shorters traders chancers and perverse nutters over the horizon. This has been the best bb I have used and I owe ZEngas AGadem and the rest a debt of gratitude for sharing their hard work and research
Can anyone give any recent examples where an SP has significantly outperformed a placing price? I think the issue price will be the key factor here and until we see that we are guessing. We are so close now I just hope we get what we deserve in full
Thats what you get when you send in the B team
Shakey I think it would improve your life if you moved on. Cash in what you have left or just leave it and occassionally check to see if it has moved one way or the other. I took my losses years ago after Paul welch lies and I am glad I did.
All the best to you whatever you choose.
What about Victory?
The RNS not the runs the runs is what I got when I read the RNS
Deemule I am a holder and want the price to go up. As the most optimistic poster on this bb your best hope for some upside appears to be a world war starting. Deemule sometimes you just have to accept things are not looking good. The clue I missed was the ujo leak about a raise before the end of ewt2 gthe outcome was known long before the runs. I still have some hope for victory sale but might be deluding myself. The chips have been placed just look forward to a happy healthy and peaceful Christmas with your family
Uggy you have offended imbeciles up and down the country who take exception to being compared to those two
Go on mong finish the bottle
Have one for the trenchies and another for petenco ect
In my opinion some of the interviews they conducted and information thet released pre EWTs constitutes a deliberate attempt to mislead investors. You should go back and listen to some of it. I cannot remember where or who made the statement that the drilling g results and logs are so good that EWTs are not needed that may well have come from the ujo side of the fence I do not recall . I posted at the time that I understood the risks but I never imagined things would get as bad as this. I accept responsibility for the decisions I made.
They should be gone
Its just the MMs showing a daft spread to scare people it will return to where it was yesterday later
I agree with you on that Uggy they cannot bear to admit the truth so they are staying silent just kicking the can down the road