Member Info for wideboy1

"As both the Cancellation and the Registration require the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at a General Meeting, a circular (the "Circular") has today been dispatched to Shareholders containing further detail about the Cancellation and the Re-registration and convening a general meeting to be held at 10.30 a.m. on 19 June 2026 for the purposes of obtaining the necessary approvals."

THEY ONLY NEED 75% OF VOTES CAST....not 75% of total shareholder approval.

make sure that everyone votes against this .

they will spend all the cash and nick the IP when they put it into administration.

the CEO and Chairman need to be ousted

Based on their guidance 1/3 of production has been hedged at $70..( thats prudent) ..that leaves 2/3 unhedged , so do the maths ...Hannam and Partners have a note out..."cheapest oil play in the sector" P/T 70p

What would you prefer ? a fundraise and dilution ?

Will you bore off

The brokers who did the fundraise have shareholders blood on their hands , id imagine there were some disgruntled people this morning asking what the f**k they were doing with the share price down 50% since the raise

Apologies .. i dont

CANNACORD NEW NOTE

We initiate on Serica with a BUY rating and a target price of 195p representing a 55% upside to Friday's close. We base our target price on a risked NPV10 sum of the parts' basis, assessing

producing, development, appraisal, and exploration assets coming to a risked valuation of 196p, and an un-risked NPV10 of 266p.

Serica could do a tie up with BP given their close relationship?

Agreed there's no getting away from the fact that the way the announcement was received today is a disaster for holders , however that would have to of been approved by the broker , the IR and the board .... so if anyone's head should roll ,who should it be ? I dare say IR will have been fielding calls this evening and shareholders will have been looking for answers and some comfort ...the proof will be in the direction of travel tomorrow , at 40p sub 50 p , on a risk reward basis its well worth a punt

Has it not occurred to anyone that these re-statements may actually be positive, and this is just long arbs and holders for another bid tossing out the baby with the bath water . Two different companies did their due diligence and ran the ruler over this company and decided it was worth 210-230 p ......risk reward here says it has to be worth a punt

That would be the same state sponsored science re covid and "vaccines" ...what are you doing on this chat anyway Mr "I'm on my 7th jabs" Legache

Looking at the volume and who is printing it , I think there is one institutional seller who is being forced out due to redemptions and has waited for the numbers to source liquidity ...hang in there , when he's done they should rally

What are Labour going to do , rely on French Nuclear ???

Cash is going on cap-ex where you get 90% back from the government

how many of you on here are selling their shares ??

6% ??? I'm a huge buyer at 15% inflation

Kobold has the majority interest in the Disko drill , so they will be making the decisions , i agree the timing is disappointing , however I'd much rather be drilling a year after an extensive programme of analysis , than where we are at the moment ....i think i read that as de risking drill targets and nothing else , tuck away and forget about them

interesting to note Tesla today talking about vertically integrated supply chains , including battery tech and maybe rare earth ?????

who will be the seller , placing shares all gone to secure hands

Like i said , i'm invested and in for long haul . The Norilsk Nickel-Copper-Cobalt-Platinum Group Metals Mining District ore bodies have a global in-ground value of over US1.4 trillion (ore value of combined reserves, resources, and historic production).
In comparison to the potential 12-16Mt of nickel at Disko-Nuussuaq, 8.4Mt of nickel has been produced at Norilsk since 1940.
The Bluejay presentation on Disko said there are 12 to 16 million tonnes of Nickel ‘missing’ in the geological system at Disko and that is only on one of the volcanic rock units there
Bluejay is a multi-project portfolio and is also drilling for Nickel & Copper in Finland with Rio-Tinto, who are investing up to $20m in exploration as part of an earn-in agreement. On Dundas, while there is more work to be done, it was good to hear them formally saying that the capital costs of the project will be lower than in their PFS.