Member Info for Storey89

Think a lot of people will have picked up on this share due to the 70% drop last week. Probably getting to the point where people are either in or out now.

Anyone that doesn't know about it isn't going to stumble across is on the riser or fallers board until we get news.

Calm before the storm...

Taff... you seem to have a pretty poor opinion of a company you were ramping at 9p a couple of weeks ago.

If you go on the London Stock Exchange website it’s for £6250 not the £6300 shown on here. Weird

Share price stalled a bit, MM's shaking it around to see where they can gather some shares. No need for panic.

They're not automatic trades either, someone's actually decided to do that with at least a 10% spread on the books. What were they playing at!

To anyone new to trading... that's why you don't set limits close to the share price. That's going to hurt.

It wont take that long, spreads tightening back up again.

I would imagine someone has set an automatic stop loss and been caught out. Sold when there was no need.

It means if you try to sell 800000 shares you'll get an offer above the bid shown. Therefore they're after shares, i.e. have buyers.

They've got less than two weeks for funds. It's been a week since last Mondays fiasco... if a placing was coming, it would have been announced.

This will slowly tick back up until the RNS lands confirming the way forward, then it will jump.

Totally agree. My guess would be they’ll be back talking to another company to provide finance and we’ll get another RNS saying the payment deadline has been extended this week. IMO obviously.

AIM is all about risk.

Reward
Secure funding
Takeover
Sale of asset

Risk
Placing (unlikely given the level required)

Reward massively outplays risk here.

The Facility has a maturity of four years and is repayable quarterly with a margin of LIBOR + 10%

BCG we’re selling prior to the news on the funding.

Next pointless question?

Good choice Dave, Tullow is a poisonous company for investors.

Lekoil have the bad news out, on an operational front nothing has changed since the price was well in the 4p and above.

It is interesting to think what the outcome might be. This isn’t just a finger pointing exercise. They’ve used an external firm with a $2b revenue stream who have ill advised them to enter into a contract with fraudsters. Thus wiping $40m or 70% off the value of the company.

This should end in nothing other than a lawsuit.

Do we think they’ll go in for Norton Rose Fulbright on the RNS? They should do... but will they throw a legal firm of that size under the bus?

It's that quiet around here if you listen very closely you could probably hear it.

an RNS but happy to holds hear given the direction the news leaking through the press appears to be going. Need an official announcement from the company but no doubt it will be coming.

Hopefully an intra day RNS to follow, would imagine the last thing the company will want is rumours flying about, especially we press releases into the weekend.

So we've established people are able to find the trades tab then...