Member Info for topsharepicks

brave knowing theres dilution as stated by jlp

oh really you sold then

hopeless imo be years before this returns shareholders anything

· Jubilee is financing the Acquisition and ramp up by an equity raising of GBP11.07 million (US$14.5 million) and a secured convertible loan note of GBP6.11 million (US$8 million)

The placing includes the issuance of 1,473,055 warrants priced at a premium of 50 per cent of the placing price or 3.38 pence (ZAR 64.83 cents) per warrant share valid for a period of 2 years.

At any time that the loan is outstanding, ACAM may at its absolute discretion, by conversion notice, elect to convert the loan and all accrued but unpaid interest into 5 per cent unsecured convertible loan notes with a conversion price of 2.81 pence (ZAR 53.98 cents) ("Subscription Price") and a maturity date which falls on the third anniversary of the Closing Date.

During the loan period, Jubilee may notify ACAM of its intention to prepay the whole of the loan balance by prepayment notice. On the date of any prepayment Jubilee will issue warrants to ACAM to a value equal to 50 per cent of the amount of the loan and all accrued but unpaid interest thereon divided by the Subscription Price.

happy to help potential investors wary of decades of dilution here

on at 2.5p and one at 2.51p

or maybe its pumped trying to pull in buyers ready for dilution to fund next rubbish purchase

prob means one thing DILUTION

Undervalued massively

Current Price
115.75p
Mkt Cap: £ 6,446m
Implied Valuation*
179.85p
(55.4% undervalued)

imo

yes but be fair here Panr has 500k acres much bigger plus texas

different kind of formation than Block

Lets suppose a 10% uplift for ZOi= 27.5mmboe x $5 = $137,500000 = £114,583000

Oil increased $2 last week alone

without any increase in ZOI

WHY X3?

just out of interest

of New field discovery with a 240-400 ft pay zone would be perfect for farm in now declared discovery:

"The Alkaid success provides ongoing confidence on future drilling operations where the high tech geophysics applied to Alkaid can be replicated across the entire portfolio and deliver material success as has been the case with other operators chasing this similar play in adjoining leases.

The Company will immediately set about reworking and analysing all key data from our Alaskan programme which will include reviewing the pre-drill conceptual development plans on Alkaid as well formulating plans for future farm out discussions."

HENCE THE BACKGROUND BUYER!!!

would wait for declaration of field discovery before making a move todays RNS makes this possible imo

where theres gold theres usually copper

I wonder if this is now in the works! seems highly probable

lol it will double on that news especially if BP or armstrong

someone wants IN

ISR GOLD RECOVERY - PROOF OF CONCEPT
KAPUNDA COPPER PROJECT

The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) is pleased to announce successful recovery of gold from samples of the Kapunda Copper ISR copper project in South Australia.
The results are from research activities on Kapunda samples by the CSIRO as part of the CRC-P* project funded by the Australian Commonwealth government for the Kapunda project owned by Environmental Copper Recovery Pty Ltd (ECR) in which Thor is acquiring a 60% interest and in respect of which potential strategic developments were announced on 5 March 2019.