Member Info for theiceberg

Oman not a fact....it was only part of sav 5 years ago not 8.0. It's been advanced from a collection of old abandoned mine areas into a design of spoke and hub, lots of added resource and a tiny step from completing a painful licence application.

Moz it's been more than 5 years. it's not a fact that nothing has happened. They have taken pretty much virgin ground. Performed lots of sampling across a very large area. Then taken that into detail revine and gully work. Produced maiden jorc and updates..convinced Rio that it's a suitable partner. Entered a jv. Got a 100% offtake. All on a tier 1 project as described by RIo Tinto. And finally a license that's awaiting publication in the official Gazette of mozambique.

Finland. Yes fact a total waste but tbf very little time and effort.

Share placing the really fact is that each placing for the last few years has been at the same of high price than the previous one..

Portugal. 400% resource increase....fs to be complete start of oct. Now the largest hard rock lithium development in western europe..

1 fact out of 5 maybe for you...maybe more homework is needed.

I don't give a monkey's what has been predicted before, your comments were nieve at best and just wrong.
There are lots of reasons the sp is where it is. Discuss the pro and cons on some of those, based on facts.

I knew there was a reason why I don't post much anymore. Comments from the likes of candles really confirms it.
You buy a share when it's cheap.
£30m mcap can be buy cheap for a project years from development or expensive for a project already producing. See aau and so lg for examples..
It's a daft comment to make.

Sat on the ask all afternoon but with very little to actually offload at .84..any decent amounts went to neg
Mms pilling on at .8. Wanting shares. Might be a nice Friday.

0.9 - 1.1.

Funny that

With respect your not doing the maths or numbers hence why you thought a placing would have been better. Your wrong.

Our mcap is 50m to raise 20m would cost 50% of the company in this market. It would drag the sp down for years. This way we give away 25% and get a major backer so if we find oil the market will know it would quickly go for production.

100% agree with that article
Complete misread by the markets yesterday.
The poor sods that's brought in and waited then didn't have the aim experience or ability to wait out the correct market response.

1.5p on this news
2-3p by December ready for a jan Feb drill that could add hundreds of millions to the sp.

Still a bit of news to go this year as well

the ask and a bit at 1.3...
Looks like. Good 50% possible today.
I think the market will rise to value 88e @140m by end of next month

Remember premier is a major league ftse company with many inst. Investors.
How many might want to get a better deal having looked at premier interest by buying into 88e at a much much smaller price?

Somes it up nicely.
Not who I though or hoped but still good..
Rather than an end of repsol who would have treated it as just another project maybe 3 or 4 down their list in Alaska alone.
For premier, a pioneer specialist (see Falklands etc) it looks to be their number 1 exploration project for the next year or 2.

It's 1 drill for 1 sector and in essence 2 drills for 2.
Leaving 88e with 30% of sector a and then 30-40 of the next and no dilution of the third.
Of course this only applies to conventional targets. .A good drill and we get value everywhere.

Pmo has a massive strike rate in these situations and would be doing it if not very expectant.

Anyway it values convention at just icewine (let alone Yukon etc) at roughly 100m dollars not bad in my book

Thanks for the laugh. I 've not read anything quite so silly on lse this summer.
Biggest fall since winx has been around 10%, given spreads, margins, costs etc you might have made 7% with cracking timing.
Given that 80% of aim is down from 20-50% and even the aim index is down over 10% in the last few months this would be a very poor short to have taken out.

Oil search have also confirmed that they want 35% across their North slope projects and have two drill rigs for exploration this winter out aside.
Plus extra credit facilities currently being put in place above and beyond armstrong.

Just a thought. Again nothing to support it so just musing. .
We've been in talks with a preferred buffer for a few months why exclusivity now..
I know it's probably due to t he requirement of long lead requirements for drilling.
But could it be due to a n opportunistic bid from somebody wanting to farm in?
The preferred bidder has the had to pay a 500k bond and maybe had to up the terms hence a few legal changes and it taking a bit longer?

Looks to be the conventional size that's being transferred
Operatorship transferred.
Less than 10% of icewine..

Already like the sound of this.

Two rigs already in the country.
Congo court win which will encourage smp to mediate imo.
Production plan is nice but we knew most of that....what we need are dates and costs.
Nice update though.

Quick search shows that the license details have been removed from all the other reports at the request of 88e.
Nice to see them still in that report though to prove that the transfer has taken place...

A fascinating week to come..possibly news tonight.

I am not saying this is the case as it's all just thoughts.
Vwap is nearly always used as it's a good legal get out clause 're value for shareholders etc.
In the recent case I mentioned bcn issued at 20 day vwap, they could have given whatever prices they wanted.

There doesnt have to be much effort certain!y not any of the market makers. Simply a bit of buying or selling by a single broker here and there. Volumes are low enough that a single hnw person could do it...
Anyway. News soon !

Just to add..Beaufort for done for exactly that. They encouraged clients to buy opened up large positive positions themselves. Encouraged more clients to buy etc...
They got heavily fined as they took it too far.
cornhill took it too far and got fined..

Fsa only cares if it gets taken far far too far

Happens all the time. Ask yorkville etc.
The companies don't need to know. 88e agrees an approx price for placing. The farmee is happy with the price. The brokers for each side try to keep it in that range to keep everyone happy.
A few trades. Cancelled a few trades that werent needed. A few buys into close or a few sells etc. Completely untraceable.

I am not saying it did happen. But I am not discounting it.