Member Info for Tex2374

So the good news is that the share is currently priced accordingly with the perceived level of risk around attaining the rest of the financing (which seems to be seem as much higher than I thought it would be).

So when financing is finally confirmed and the drill is finally confirmed as going ahead the share price is going to increase by a magnitude.

GLA.

If you look at the one week graph of the share price then we’re starting to see a nice recovery coming. I think if we are able to provide some more confidence to people around the financing for the drill then the sp increase is going to accelerate.

Clearly there is still concern on the ability to raise the remaining funds either through CLN or through a farm-in deal.

I think that once that concern is removed ,one way or another, the share is going to accelerate quickly.

Personally, I generally don’t buy into MM manipulation, I think the volume yesterday was average at best. We need increased PR, news, excitement around the share which will change sentiment and attract new investors.

Currently, this is a wait and see share. Hopefully we will see some small rises in the coming months which will be supported by news from the company.

From my perspective they are actively looking for a partner and would prefer to have this in place sooner rather than later. They seem to speak about this in every RNS I have read. This would be the major news!

I think the funding strategy they have gone for was to continue to ensure the drill and ensure they adhered to the license requirements, which then provided leverage in their discussions. In parallel there are clearly external commercial offers on the table which they are not willing to jump at. (I think one RNS used the words ‘commercial discussions’).

Solidifying the fact that we will drill early 2020 just adds to their ability to negotiate a better deal. But they absolutely need a partner short term to allow proper exploration to understand the true value of the asset.

So for now, watch this space, but I think news will come before year end.

all IMO from the newbie.....

Well he’s not playing anything at the moment!

So much for hopefully sharing news at the end of October. I guess that’s why he has been silenced from speak to anyone, he just can’t help himself.

Oh well.... guess we just wait here like lemons while someone decides what’s going to happen to all the money we invested.

At least we have some high jinx on the board to amuse us during the waiting period.

“ It's not going to be a walk in the park to raise circa 500m at the current time.”

Hence the current 3p bargain basement price. Yes a gamble but clearly there is upside.

This share is priced to fail currently, therefore if a solution is found there is upside, even in the case of inevitable dilution or takeover.

If you are thinking of buying in, take a small stake now (10% of total investment or something) you must be bored by now and itching to join us on the life raft!

IBAB. I dare you to go over there and suggest they didn’t do enough research :-)

Lol, we are a civilised board!

JP and his golden tickets :-) sound and Echo, what a con.

Anyone who thinks CF is bad (I’m not saying he is good), read up on JP and his antics. That will give you perspective. :-)

“ I have three PCs (one is an iMac)............none have melted.”

Now you’re just showing off. One for each account? :-).

It’s TeaSide isn’t it? Where the tea comes from ???? :-)

Hmmm starting to sound like we’re missing him.

OMG..... it’s like stockohlm syndrome with your troll!

Wow IBAB, that's pretty crazy (I am going to assume you're not telling porkies).

Wow,

first time I have had to look at this today!

So we did big volume yesterday but got nothing for it, and today we get nothing because volume is low.
Doesn't seem as though a herd or IIs are piling in at this stage.
Seems we need more news to motivate the market in our direction.

Bought after hours at what price? Goodness me, 2p what a coincidence.

Govt support = guarantee not funding.

I don’t think this is an option. Despite the valid arguments as to why the govt should support this, I think Their position has been made clear.

Best consider the other main options available, namely a strategic partner or takeover. IMO.

IBAB. That will be the funniest thing ever if you become a shareholder.

I have to say, you are a complete nutter and at times almost bipolar! :-)

Hope so. It’s a massive thumbs up to the market.

Follow the money!

I see that back in 2018 II holdings were 25%. Wonder if they are still at this level? If IIs decide to open the taps then rapid share price increases will happen.

Well that’s what we need to see, what is the new II investment % in the share and who now has 5%+?

In that case Spiritedan it’s good we know it’s definitely a buy!

Personally would have preferred an II to a PI as the market values it more, however, I’m not going to complain!

Should see the share price up tomorrow on the back of that but let’s not get carried away with crazy expectations.

A steady sustained rise. That’s what we need.

I’m Spartacus!

Nope didn’t invest.

I hope we aren’t going to spend the evening listing other failed companies asking people if they invested :-)