Member Info for spudtheplumber

I reckon it will have cost slightly more than 200k in overheads though Stokey

Ditto

Is Tim a reincarnated Farmer nut job?

Could be warrants?

The numpty who started the rumour is obviously talking his own book....

Mcadder, have you got your lass posting now?
;0)

BP we all knew it was all about the gas storage

Pity about the dilution...

https://twitter.com/JavierBlas/status/1601909517020790784?t=8P5BmQi0AIRvUe_UV5kFVg&s=19

This puts the CAPEX of projects like IM into context.....

It was bound to retrace....

Options mean the Directors have the option to buy at that price

He can buy them at those prices so the sp needs to be higher for him to profit from them

A bit disappointing lol.....

Lol BP
Way above my pay grade!
The mistake I made was realising the acute shortage of strategic gas storage in the UK then believing a little Scottish bloke when he said we had a "shovel ready" project which didn't need a marine licence to reach financial close...

Are actually a thing, not that I'm suggesting it's happening here of course...

Got you!
And paid 200k more in cash instead of shares.

From 9th March RNS announcing the debt facility

"In addition, an agreement has been reached with the vendors of Harland & Wolff (Appledore) Limited in relation to the outstanding deferred consideration payable by the Company. Under the terms of the revised payment schedule, the Company will pay the vendors instalments as follows:

 

· 31 March 2022: £500,000

· 30 June 2022: £500,000

· 25 August 2022: £2.50 million (£2.10 million in cash and £0.40 million in the Company's shares)

· 25 February 2023: £2 million (£1.60 million in cash and £0.40 million in the Company's shares)"

 

"But thanks for delaying the start of the construction of the facility because the value of the project from 2yrs ago has at least tripled as has the urgent need for it's construction now ;))"

Shame the share count is 8 x higher though...

I agree this could see a decent relief bounce from sub £10mill mcap
Problem medium term is the increased revenue turnover required just to pay the debt repayments imo

Should do it.....

??.....

From last interims Paul burnt through £1.3mill in 6 months
Just saying....