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This bit made my ears prick up

However, of the 161 companies short-listed for this final stage, only companies with the technical and financial capacity to develop the fields up to first oil, and pay between $5 million and $20 million signature bonus within 45 days stand the chance to finally emerge.

Already, many companies, mostly operating indigenous oil and gas, have paid for their fields, while others, including members of the Petroleum Technology Association of Nigeria, PETAN, are still making efforts.

Others without the desired capacity would automatically lose their fields to others.

But some companies that might not be able to meet up the target have reacted, alleging that the signature bonus is exorbitant, and that the DPR had not been transparent in the management of the bidding process.

What I meant was he is a financial expert and has been for many many years.

There are a number of options for a RTO and I am sure both companies will work out something that benefits everyone including shareholders in the long run.

Placings are sometimes a good thing if for the right reasons, just look at COPL couple weeks ago.

Exactly. Placings for the right reasons are not an issue as if done correctly reward the shareholders in the bigger picture which is what most fail to see with SYME.

And we do not know if the RTO will be done that way anyways as AZ is quite creative when it comes to financials.

I will be riding this to at least 3p and then decide from there

What do we think of the £13mill worth of shares?

Will they be held till 2022 or do we think some of these might come to market before.

I know it would require an RNS for it to happen.

Simple, sell up and move on.

34mill :-)

To pay dividends what kind of profit margin and also market cap are we talking about?

The thing with SYME it is just getting going for that first bunch of transactions.

Once proven then this wont ever stop.

Hi Petro xx

Makes no odds to me, still have the same £ just less shares.

100 / 1 would take us to approx 130 million so not sure it would be that drastic.

Sounds like you are holding you skin a bit tight. Will make yourself sore.

SYME submitted paperwork and requested relisting and took 6 weeks from request.

Sadly we are now at the mercy of the FCA who work at a snails pace and have a backlog.

Be warned - Calamari is a snake in the grass.

He and others spread fear all over the SYME board when suspended and are absolute scum for what they said to scared investors. Different story here but curious why he has raised his ugly mug.

It will just come back as SYME did randomly with no pre notification.

Yes and must be by law

Unless ART liquidates the company then yes 100%

My SYME shares were just fine in my HL ISA for 2 months when suspended

Rubbish

Possible but doubtful.