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The board could sell their total combined holdings at the same time and it wouldn’t affect the SP.
No skin in the game, if the drills are succesful they’re quids in with options, if drills fail it doesn’t matter to them, token holdings and fat salaries.
Cottil, I actually think the conversion terms are very fair given the circumstances. A 15% discount isn’t bad and remember the incoming money from Leo Lithium will be used first to repay $2m of the prepayment released.
All that being said, we’re getting ahead of ourselves because this release of funds tells me that this deal is all systems go.
Gazza, my understanding is the $7m was being held in an independent escrow account, probably in some corporate lawyer’s client account . Today’s announcement is that half of this finance is now being released to Kodal to use operationally and we all avoid a placing.
This is a real statement of intent by Hainan imo - really good news.
Yeah JH, it’s another day of wholesale selling as those in the know desert the sinking ship…
OR
you could actually post the truth which is less than 1% of shares have been traded so far today.
Louis, you and your split personality OJ are a couple of tw**s. Have you looked at the massive sell off that took place by those in the know in the last couple of days of trading? I’m talking about the 2% of shares changing hands and producing a 20% drop in price?
If bad news was coming the sell off volume would be through the roof - we’re currently seeing daily volumes of around half daily average.
Give it a rest you pillock, you’re giving derampers a bad name!
Just over 1% of shares in issue were traded today. We’re being played, and the sheer number of bullshi**ers who’ve come out to play tells me we’re set fair.
Jimmy, that should put Nigel’s gas at a peep.
Yup, sounds like Hummingbird. Have you checked director pay there by the way? Just sayin…
“mainly fine sand” 😂
There’s a real depth to this shallowness..
Might be an idea to check out Louis10’s posting history elsewhere before buying in to the Oilman Jim thing guys.
Well someone has had a very successful time reducing the SP. Amazing to think we’re around 10% lower sp in the last 5 days given the monumental newsflow.
And in particular this “ The focus will now be on drilling and completing MOU-4 where we do not expect shallow gas to be present. Targets are the Moulouya Fan and the so far unknown potential of the Jurassic carbonates within a very large structural closure”
They found the Moulouya Fan and didn’t find shallow gas - the very large structural closure? To be confirmed in the coming weeks methinks.
Yes
Worth listening to Majid talking about the share price from around the 37min mark, he’s expecting things to change quickly to the positive.
Hi Nomadic, yes there was a message saying the meeting would be recorded, doesnt seem to be on the website yet though.
I’d have thought that if Companies House have confirmed a new person having significant control in the company then the money has already been paid. Just a thought and aimho
Some absolutely massive individual buys going through this morning. Strong sign we’ve bottomed?
1% of shares in issue traded today and we’re down 11%??
If I was of a paranoid bent I’d be thinking there’s skullduggery afoot…
I’m being quoted .83p on HL to sell 500,000
and yet we can still outwit them by using names like Mike Oxlong and Norma Stits