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Rob the drilling team hasn't been in high demand that's why it cost us close to nothing to keep them on site since mou2 pause.
I'm talking 1 to 2 week delay so we could've raised at a higher price and reduce dilution.
1 to 2 weeks is nothing.
@russo
Doesn't give Paul a pass.
Wednesdays raise rns killed the share price momentum here.
Paul should've waited before raising. We've had so many delays that there was no urgency to dilute us the day after a blockbuster rns. It's not the first time a raise has been done at an inappropriate time.
I'm miffed about dilution. Since I've been invested here the total shares has gone from 100mil to 450mil. My holding as a percentage of the company and therefore share of future profits has reduced over 85%.
Fun fact, the current share price is at 2019 prices. 450% dilution has meant that despite mcap growing significantly the share price is the same as 4 years ago.
Rant over.
The placing price sets the floor for the shareprice.
Why anyone would then sell on placing pullback is beyond me.
It's deliberately selling at the bottom...
13.5mil shares churned already today.
I would've preferred if Paul gave the share price more time to run up before loaning shares to novum to attract a higher price.
Novum are confident whenever the prospectus is released the share price will be North of 10.5p. They're flippers, they wouldn't agree to this deal unless they could flip in short term.
Appreciate what we have in Guerciff.
I'm sure glad I held through all the market turmoil and kept faith in Paul.
This will be a life changing investment for those that see it through. From low pence to £s and special divis.
@hulltiger, I hope things are better and you were able to enjoy this rns.
As for trolls, you'll have little luck on this board.
@alan
Over 10p would be nice.
Finding unexpected high pressure gas is even nicer.
Enough to support cng and yet to hit our targets.
Sp will eventually reflect what we have here.
10p reflects a £42mil mcap. 20p £84mil, 30p £126mil.
Onr results we can easily blow through those numbers.
People worried about a raise should go reread the rns.
11m play with 120psi at shallow depth. The gas has migrated up from somewhere deeper which we are targeting.
Remember Paul wasn't expecting to find this, if anyone is going to be chuffed it's him.
Sit back and enjoy the next few weeks as the testing results are released.
Raising at this point would be ludicrous.