Member Info for spike912

Chunter there is an NDA which will apply for all parties involved

Wildone, it’s more than 0.8% but I think people are making the point that’s it’s a day on day drop, with no positive sign of recovery at present, this is where the problem is for most investors and it’s hard to see where it will stop. We haven’t held 9s, so next stop is into 8.5 range, and if we don’t hold there imo it’s 7s. But this is aim, a fickle place and a casino. Just hold and leave the traders to it. Could be some large shorts are being opened, who knows

Sundaysun totally agree. Joys of AIM and some investors with short term visions. I still see us into 5.4-5.5 range today, bid ticking up (all being moving target this morning) and buys at 5.28, so I do see this gently rising throughout the day into a good blue day. Bwtfdik

All this MM games, simple fact is we have a large seller and not enough buyers. Simple supply and demand guys, we need to stop pretending it’s anything other than that. MM games, short of shares, all the classics. It’s being sold, simple as that. I have my core holding and will wait until I see a bounce of what could be the bottom and some strength in the SP comes back, but day on day drops does not bode well here until we reach the bottom. Problem on aim is it’s always hard to predict where that will be.

The issue is people are living in the past, what happened months or years ago with other majors I don’t really care. All I am interested in is what is in front of us now, and what deal can be done now. The rest as they say is history. Either way the major wouldn’t commit to another $250k on a whim. After three months of DD we are being offered an extension so imo nothing negative or a deal breaker has come out in that time, which is positive. Doesn’t mean a deal will be done, but I would rather than this than wake up this morning to “major walked”. I can not see how people can see this as negative.

If we don’t hold 9s I see this dropping into low 8s sadly, seems sellers still around and looking bearish to me here. Just having to hold and weather the storm but not looking good again today

Degsy, that was mine, had to top up after today’s RNS. I think we could end up with a very strong day today imo

And my buy bring marked as sell, there’s a surprise. Strong today I think

Nm

Depend, there is still another week left of the initial period, a deal won’t drop soon, imo we are looking another 4 weeks min

Remember, people need to calm down. There is the legal framework to agree, I have been here many times when the scheme is great and all agreed, but we can’t agree the finer legal details and long term risk implications of various aspects and clauses. Technical hurdle is the biggest of course but don’t count your chickens. The legals is also very hard to agree, even more so with a major. Be careful, but remain positive

Uncas, the EA Permit must be critical. It’s cant not be. There is no way on this earth a major would sign a deal with bpc and buy a company that potentially could never drill! The EA permit will be a proviso to signing any deal imo, it’s a huge part of any deal. The major wouldn’t risk signing until that’s in place and BG all on board

Amtech was never going to happen, but this is the joys of aim everyone looking for a quick buck tomorrow then off chaisng rainbows. No patience on aim. Let’s see how today pans out, soon see! GL

And anyone that thought a deal would be done within 12 weeks was very niave. The major would know by now after three months if it was worth continuing with. Simple. And clearly it is

Oilbell I agree mate in sorts but you have to remember that months ago they were talking low level data review, mid range due dillegence. If the major is now looking to formalise they would be into high level due diligence, high level legals, their own board politics, EA, BG buy in, permits (as parparing mentioned). Imo if the previous months of low level work had not been done it would have been an initial 6 month period (min) not 3. This is a very positive sign as it means three months of hard work from the major and nothing untoward has come up, thinking I agree with parparing the EP is key. The major will not sign a thing until it’s in writing and it may even be legally linked to the deal with BPC. There may even be clauses in relation to the BG. This isn’t now a 5 min job when your commuting millions if not billions. Months ago was “free of charge”, this stage now isn’t and heavy legal fees no doubt which wouldn’t have been spent months ago. Previous discussions were testing the water free of charge imo before money starts to get spent to reach a commercial transaction

Parparing very good point actually, EP has gone very quiet and maybe that is the catalyst. The major won’t ever sign a deal without it in place, so you maybe very right. They can’t sign a multi million $ deal for them to not be able to drill. Permit will be a huge deal maker and a risk they will not be prepared to take

Babbler if your not a holder here why have you popped up this morning criticising people’s posts or strategies? Maybe buy or leave?

Oilbell, that’s your choice of course but it was very naive to think a deal of this magnitude would be done in 8 weeks. Data is one thing, but to reach a deal further extensive due dillegence would have been required way over and above any previous. Then there is a legal framework, negotiation period which wouldn’t have happened before 1st May. You need to forget the past, this is a different ball game when it comes to commercial deal

At this stage I would imagine the fundementals of the “deal” are agreed, along with terms. It’s now the legals that’s being ironed out. Remember however, it’s a month by month rolling contract so don’t be fooled by thinking the major has only asked for “one month” extra. It’s a month by month extension so we could have another end of August. But looks positive at the moment but nothing is ever 100% until it’s signed. Deal may be done but if they can’t agree legals it won’t happen (unlikely imo)

Babler have you actually read any of my posts or this one properly....thought not! As I said earlier in the week I have been personally involved in multiple transactions and always said 3 months will be near on impossible and have always said 4-6 months likely 5. Please keep up to date with my posts before making silly comments. Thanks