Member Info for Teaye72

Very good.. ;)

Even if it is a lifestyle company by design (which I doubt), I don't think Mr Buckingham, or any of the new investors, would be happy to see their money funding it!
News is overdue and the BOD must know it.

PS - would still like to know what Nick's role is in this setup...

What's even more hilarious (not)... is that it wasn't me that said it..!

Something must be on the cards [he says optimistically... and that's me quoting me, just to be clear!].

...chasing the devil.

I did get a response from Tim at the beginning of the week... which was very much in the vein of old-style comms. Agree with you on the theory that they are waiting for some good news before sharing anything.
December is a funny month...

If anyone is invested in ARCM, you may see that there is a different view on Bird out there and, even more eye-opening, the suggested reasons for his suddenly stepping down from Jubilee...

Ella, personally I'm not really concerned about how Gold Group envisage taking Casa forward through Goldenhawk. They answered my questions when I emailed them about the acquisition and I'm quite happy with their response (they even shared when they envisaged being onsite and starting actual work), so will leave their sales pitch up to them and their target investors.

https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2022/01/20220127-Baron-Oil-BOIL.L-Allenby-Capital-Chuditch-presentation.pdf?c2745=on

Research update.

Agree, VAlue.
Bid and Ask are still both 2.8X. Dummy sell of 500k gets you 2.82... not 2.7X
The 10 bps either side are an artificial spread.

Never seen L2 like this before... 4 deep and only one Ask and one Bid price ...

https://twitter.com/LtdEuropa/status/1486346095584239620?s=20

Proactive Interview.

ASK at 3.
Interestingly, down to 7 deep (lost a MM)...

Good presentation, though... great summary.

https://wp-baronoilplc-2020.s3.eu-west-2.amazonaws.com/media/2022/01/Timor-Leste-Webinar-26-January-2022.pdf

I think they need to change the date on the presentation to 2022....

Highside - but if they all thought the asset was worthless, they wouldn't be taking stock, surely...
Personally, the higher the reward the more incentive they have to make this a success. I don't really have a problem with that when the alternative could be another raise and SP stagnation for the indefinite future...

If we ignore the fact that we haven't sold the asset yet, this latest RNS can only be good news:
- We are cutting costs (which should delay any immediate funding needs)
- Taking stock instead of pay speaks loads in terms of BOD confidence in the asset.
I'm happy with that, despite being underwater. Might even buy some more and average down.
GLA.

Well the ASK has been raised, even if no-one has made a trade... !

They are filtered out on the VOX app... which I find quite good as you usually get the ping a lot faster than LSE posts the update...

Good to remember that the actual trade values here are, for the large part, negligible... and could be as much MM-engineered as PIs investing pocket change (. As Shouston points out, the only winners here currently are the MMs: this could easily be a pump and dump; any HINT of actual news would have seen some IIs enter the fray, I am sure.
The spread just confirms the market uncertainty. As soon as content of the presentation or RNS - if there is one - leaks out (as it will, I am sure), we will see a true market reaction. If the news is bland, the IIs won't be interested (as they haven't been for a while) although the MMs might try a pump and dump anyway to catch people out. If it is good, we will all know about it.

I had a response from LR last week; he was onsite and said that he would update on his return.