Member Info for steve58

It's good bye from me on this bb. Not worth the effort.

Didn't mean get a bit near the mark but there comes a time when you think to yourself that a post gets banned for what. Thought the leed joke was quite good though. I will have to get an agent. Anyway enough said. Have a good evening cl back tonight.

I think there is about 300,000 pounds left. There is also about 80,000 pounds investment income now coming in. Cash burn is under 200,000 pounds a year so without any further investment company has about 2 years cash left. Hopefully before then we would have realised some of the investment by way of a partial or full disposal.

Not usually on here at the weekend but too cold to get gardening at the moment. I will keep them on the back burner so speak. Now the revamped website is up and running I think it has upped most people's confidence level a notch or two. As I said if sales profits take off then leed convert the loan to an 18% equity holding it could suddenly get very exciting all round. Dividend income would far exceed £80,000 interest currently being received in a year. Leed may even wish to increase their holding or could even sell some retaining the rest for the dividend income. It has been a long slog but I can see more ligh at the end of the tunnel than there was a day or so ago. Last update was 5 weeks ago so I would expect another very soon. Have a good weekend, website up and running and the footys back what more could you ask for.

Sorry wrong board.

I have e mailed the company I will post my reply if I get one.

Sorry should be sell shown as a buy.

Definitely a sell. The money has to be raised by more shares issued I dont really see much return for quite some time. Invested elsewhere. Good luck to all investors.

Interesting shallow water exploration.

Neither am I.

The two directors would not have invested without a good reason. Imo we will have news soon reverse takeover that sort of thing. Shares should be worth many times current sp in three months from now. As for 100 million pound company. 16p a share will do nicely.

Couldn't resist it another million in the bag.

Says first additional exploration period expires 30th November so will there be a second exploration period? IMO they will apply for a new drilling period extension very soon.

I'm fairly sure that some investment/reverse takeover deal will be announced soon. They are just doing the due diligence tests required.

Roll on 10.30. Maybe the new directors will give a hint on things to come.

I think that once the agm is out of the way a new investing policy implemented the company prospects should be much better. The two new directors have the expertise and the financial clout to get things moving fast. IMO we will be looking at a completely different company by the end of the year.

A farm out giving us say a free carry of 15 - 20% would probably be ideal at the moment given the cash shortage.

Topped up today 600k @ .2359. Things hopefully moving again. GLA.

Something kicking in..

I sold leed to buy tower and a punt on 3 leg. Still hold a couple of million leed just in case.