DHC The financing was announced when the SP was 0.85p so a placing at that stage would have been at say 0.80p. Currently the SP is considerably higher than that so any dilution under a CLN will be far less now than it would have been under a placing 2 weeks ago.
You sold at the bottom. Take the hit on the chin like a man.
Yes, I am guessing the same as everyone else, that is why I put in fair chance and could.
I presume (another guess) that all the contracts are signed and exchanged at the solicitors just waiting for the completion. Dont know why/what they are waiting for - the Rig? (another guess) or it could be that people are on holiday.
It is the timing of the RNSs which I believe there is a fair chance will be on the same day or even on the same RNS.
The purchase and financing have already been RNS'd so I dont think the actual completion is time critical to the market so it has to be RNS'd immediately. They could have been signed yesterday/today and the rig could go in over the weekend with RNSs Monday.
Seadoc Forensic Accounting means "the use of accounting skills to investigate fraud or embezzlement and to analyse financial information for use in legal proceedings." Google it. If admin read this then you may be permanently removed.
You are flitting from UKOG Accounts to HHDL's accounts to suit. Was it UKOG or HHDL which was spending the cash?
You state UKOG was and is still spending £1m a month (is that UKOG or HHDL) How do you know what it is spending now?
It was never spending £1m a month that is a made up figure by yourself. You are getting confused (deliberately) with spending and cash outflows. UKOG (consolidated) paid out £1.2m more in cash than it actually spent - paying off old creditors.
You were over £10m out. Your figures that you keep spouting are worth less than the fag packet you wrote them on.
Penguins Please follow your own advice where in the RNS does it state, as you have "probably have a restriction on the % of shares traded in a day that can be theirs." You don't know and have interpreted a quote from the RNS to suit.
Penguins Of course the rig won't arrive until after the SPA otherwise Tellurian would have to contribute. I expect them to be announced on the same day, perhaps at the same time.
Tellurian can't sell for six months, I would have thought that someone who reads the RNSs as much as you would know that.
It is interesting to see when YA will start to sell but once the SPA is signed a set maximum conversion price will be set. There is a possibility that the SP could be higher than this on the rig arrival. If so YA will be very careful to protect the SP when selling
It also saved about £2m on the purchase to us LTH. As the deal is in shares either directly or through YA the increase in SP and the great volume (Conversion price is on VWAP) the cost to UKOG will be significantly less than when the deal was announced.
Of course Tellurian will still receive their £12m.
Ninvestor If you bought at 6p and sold half at 9.5p your average is 2.5p you are not 85% down on that. Also to be 85% on 6p the current SP would have to be 0.5p. I think you must have made up some numbers and didnt get your boss to check them for you before posting.