Member Info for wwal17

Do you think they will do a share consolidation? The shares I’ve been in always tended to be a little down after a consolidation.

@Jiddy what are your thoughts on bonds being exercised at 13.25p, do you think it’s now a given now the plan is to prove up these 6 wells?

“dont you think if AM was to hold out for better terms the lenders and JV partner weill deliberately force him into a coner and end up in a 'take it or leave it' situation enabling the bondholders to milk it at the expense of LTHs?”

Makes you think, who are these long term investors? Anavio could just be the face for other persons with a clear interest in the business…reaches for tinfoil hat.

The bonds stink.

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" The Conversion Price will be reset to 13.25p if, among other things, an RBL is not secured five months from the Issue Date, or on the twelfth month anniversary of the issue date of the Convertible."

Can’t help but think this is all by design, guess we will know by Christmas day. So much for that £1 by Xmas, think I only predicted 60p-80p pffft.

Apologies if already covered. Anyone else using Halifax as a broker, do we automatically get an option to buy at 12p or do you need to call them up…or is the 12p option only available to certain shareholders?

Do we think Nigeria is actually worth anything now, even to sell on for a nominal fee? Last extension lapsed, does this mean we have given it up, does seem a bit blasé?

In all fairness Stu, I invested on the back of latest presentation, seriously impressive, just need to switch off until early next year…be nice to get the bottom for a change though!

I need to update my CV to include eternal bag holder.

But we had $11 million in June 22 so JV can’t come quick enough. Comparing cash position with December 21 is misleading in my view.

Enjoy your “Titanic” cruise on Netflix Walter, say hello to Rose for me x

Let’s see if Art can meet a deadline first.

Like any gambler, they only tell you their winners. Disingenuous position posters always try and claim the moral high ground, don’t waste your time on them.

HFB, bang one out, please, there are ladies present, strewth!

Flood away HFB, better than the Debbie downer posts that flood this board daily by the usual goblins.

That’s brilliant postie. At least a deramp with a bit of substance for a change.

“I can keep thinking it's because someone is planning a sizeable stake/TO on the cheap, or the market doesn't believe facts published to date. What else can it be?”

I’m convinced the Anavio deal is the reason behind the SP suppression. There was something in the small print around them having a say if there was to be a takeover. I can’t for the life of me find it.

I don’t know if anyone can shed any light on the fact if this is normal practice re: putting takeover terms in the lending agreement..

That 20p placing for me was the real kick in the teeth. With access to all that news flow, it was allowed to drift so low. That was 2 fingers up to PIs, “apparent illegal” forward selling rinsed us. No wonder some are so bitter, myself included, it’s negligent at best.

Anyway, another rant over…did somebody say Exxon?

There’s no point in arguing as it’s clear as day what you and the like do, been going on for an age.

Anyway, back to it…why has all the positive news flow over last 6 months left the SP at 15p.

1 billion barrel discovery not worth a dime apparently even after Ryder Scott CPR. I miss the days the CPR was going to result in a rerate!

John, glad you have made some money out of this, good for you, but the reason the likes of you and Iron get up peoples noses is you position post to suit your trade, so climb down from your high horse.

“why realistically this isnt better SP right now with news coming”

This is the question making us balder and greyer, not to mention older by the day!