Member Info for TheITCrowd

Canada now at 81c or 52p. Looks like we might have a game of catchup tomorrow.

I think all we have here is bad timing in a bad market. The placing was heavily discounted to the share price at the time but perhaps this was because they were raising so much money.
I don't believe we have anything to worry about here once all the placing shenanigan's have cleared through we should recover strongly. If we get news................

Totally agree 944Turbo, I think approval will be brought forward by months now that Europe needs gas.
If this happens then it will be a game changer here.

3m buy at 0.57 hiblue just before the close. All coming together nicely.

A couple of very big buys from the beginning of the day have just shown up.
People appear to be loading up big time here, and why not!

So at $3 our share of Minto is worth 15p a share on an undiluted basis and we are less than 8p.
Some catching up to do me thinks.

It looks like some stake bulls are taking advantage of this mornings price rise.
Given how long this has all taken it is probably not that much of a surprise.
But why sell now when we are virtually at the finish line. Not long now folks.:)

Thanks for the info PaulJ82520, on that basis we should be trading over 10p easy come start of trading on the TSXV.
Fingers crossed.

Someone picked up just short of a million shares at 5.28. Someone is very confident!

Also explains all the selling later above 42p. A number of people new of these plans weeks ago. Leaky Leaky.

because there is no guarantee that you will be lucky to sell your shares in the auction at 42p.

This is being stolen from us!!

must be a positive for the Minto listing. I can see a big premium on launch day.

I have been thinking about the share price and company valuation over the pas few days and what has struck me, is not so much the cash pile that we are accumulating at a fast rate of knots, but the value of what is left if you strip this out.
We know from this weeks statement that we have over $50m in the coffers and that at current gas prices we must be bringing in about $10m a month. We are now half way through October so lets say we have $60m in the bank. This is equates to about £44m. At 51p we are valued at £90m but £44m of this is already in the bank so the business is actually only valued, from a trading point of view, at £46m!!!! For a business with quarterly cash generation of $15-£30m this is just plain ridiculous. Even at $15m a quarter, which would mean gas prices much less than they are now, we cover this £46m in cash generation in less than 12 months.
I will just leave that for people to ponder.
I now have a large holding here which I have accumulated over the last few weeks and this is probably the most optimistic I have been over a company in 20 years of investing!
Unless this is a Langbar, some of you may know what I mean by that reference, I can't see a downside.

Its a rollover and you guys know it. Please don't mislead people.

Interactive Investor

You need to get yourself a new broker, I can buy 750K online.

at $5.59.

For god sake these are warrants!! Worth nothing until they are exercised. They are NOT free shares.
If the price hit 50p they would make £1.1m and the company would received £810,000 from Cenkos for exercising the warrants.
People need to do a bit more research here.

These are warrants not shares. If the price goes to 25p they make 3p per warrant which is 3.9m X 3p =118,000.
They will have to exercise the warrants before they can sell them and the company will receive 22p for each warrant exercised.