Member Info for Stockraiser

Something in between but opening the door to jackpot!

GL SR

Mirasol - Yeah, like I said, a play on words - tks

GL SR

This was a funding update - why is it mentioned in todays RNS that they are working with Trafigura on the Potential Transaction - or is it just a play of words?

RNS 27thMay

Further to the announcement of 19 May 2025, Angus Energy confirms that while the Company continues to work with Trafigura on a resculpting solution AND THE POTENTIAL TRANSACTION, Trafigura has granted the Company an extension of the first principal repayment until 31 May 2025.

RNS 19th May

Further to the announcement of 7 May 2025, Angus Energy confirms that while resculpting discussions are ongoing, Trafigura has granted the Company an extension of the first principal repayment until 26 May 2025.

Prop - from memory I believe there is still one more payment due this July.

GL SR

Maven Renovar VCT PLC

The investment objective of Maven Renovar VCT PLC (formerly Amati AIM VCT plc) is to generate tax free capital gains and income on investors' funds, through investment primarily in AIM-traded companies.

"The Board wishes to announce that the Transaction, which would have constituted a reverse takeover under the UK Listing Rules, will not proceed to conclusion."

"The Directors of Iconic are now assessing alternative transactions and will make an announcement in due course."

That announcement could happen at any time ;-)

GLA SR

Be careful selling at this point, you may not get back in - at least not lower than the price you sold.

Ai Ai Ai AI

The spread is actually nowhere near what it seems ;-)

MilonAir - "As at 30 April 2025, Iconic had around £100,000 of external trade creditors/accrued expenses. ABO, the Company's key funding partner, through its WTGO fund, has confirmed that they will fund this amount and continue to fund Iconic on a rolling three-month basis as Iconic searches for alternative acquisition targets."

Yes ICON is main market and if a Co. want to be get on the main market they require at least £30,000,000 - is there a sniff of Ai in the air ;-)

"For all companies seeking a listing: The expected aggregate market value of all securities of an issuer proposed to be listed must be at least £30 million (approx. US$$38.20 million) for shares to be eligible for listing and £200,000 (approx. US$254,640) for debt securities to be eligible for listing."

"The Board anticipates the Facility and Borrowing Base will increase as the Company's production and reserves increase."

"The Group also has other loans with a total outstanding balance as at the year-end of $49,000 (2023: $182,000), with interest charged at 8% per year."

"The Group expects to fund its exploration and development programme, as well as its administrative and operating expenses throughout 2024, principally using existing working capital and expected proceeds from the sale of future crude oil production."

Sounds a safe place to put some money ;-)

"post 2024 balance sheet year-end, the commencement of Phase 2 of the workover programme at Pine Mills was also successful and further increased production and resulted in the Company's total net oil production from all sources increasing to approximately 140 bopd."

"Given our high netback operations at both Pine Mills and Fouke, these assets are cash flow positive at oil prices above $25/barrel making the company fairly resilient to an extended low oil price environment."

Barclays will allow me to sell but not buy, this being due to the fact my holding is in my S&S ISA, and they are now not eligible to be in that account.

GLA SR

Still have ICON as suspended and no buy or sell facility - Normal for them really :-(

GLA SR

Still cant trade it with Barclays, and it's not being displayed as a 'Share' but an 'Investment Trust' - weird - thought's anyone?

GL SR

Fonzi - like I said earlier, and it's the same with Barclays.

GL SR

It'll probably take hours if not days for your bank to enable your trading after the suspension - at least it does with Barclays.

GLA SR

"Following recent market speculation" so it appears the suspension came as rumours started to gather momentum this morning.

GLA SR

Over 10% holding ;-)

GLA SR