Member Info for zooropa

What a mess. Every RNS from Milholland just sends the share price lower.

Is this the worst run oil company on the planet. BOIL and UKOG up 50% today while COPL stick on the doldrums (as it’s been for many years now)

Tom Winnifrith was right enough

The problem with MOS RNS's is that each one crows about a business win that's barely enough to pay for a good developer's salary for a year. That's not a business.

What's the point of a permit if you don't have the cash to explore? How on earth Conroy will get his next placing away is a mystery. Time to mention garnets and jam tomorrow.

Have they given up on diamonds? If the share price depended on the number of licenses applied you'd all be millionaire's

I stand corrected. You're right that he wouldn't sell below the exercise price (34p) I think but he doesn't have to buy share options. He would have to buy shares or for to convert share options into shares (subject to vesting conditions). So art wouldn't have been selling. Apologies. I got that one wrong.

to get the money back for I mean

It's probably been Milholland that's been selling some of his self-awarded share options to get the two hundred odd thousand he just "spent" buying shares i.e. it was really PI's who bought those shares for him via the latest share options award (yet another placing by any other name). The problem with this share is that he'll almost certainly do a placing into any moderate rise. So short of a JV announcement it's hard to see how this will ever rise much from current levels.

Where is the money going to come from to pay for this. Unless an investor with deep pockets comes on board it's a placing at 1p

While technically you do buy them you don’t have to put your hand in your pocket though unless you want to convert to shares. My point is that this is just another self serving placing

That’s exactly what it is. A board placing

No, you’re wrong about having to pay for share options. The clue is in the word options.

He doesn’t need to pay for them and you don’t understand what a share option is

I think you’re one of them : )

No he doesn’t have to pay for them. They’re share options. Only way he’d have to pay for them is if he wanted to turn them into shares usually after some vesting period. Normally you wouldn’t / couldn’t afford to do that. Instead you’d wait until price is much higher then pocket the difference between the option price and price you sell at without ever having to put your hand in your own pocket. They’re great for employees but this just looks like the senior management lining their own pockets to me.

Total looks like it’s wrong. No details of vesting. They’re diluting and essentially awarding themselves free money at PI’s expense. Only positive is that it puts a floor under the share price but I’d have liked to have seen the strike price much higher. They don’t have to deliver much to rake in money. Typical self serving Milholland.

What you've bought are shares in a company that's about to run out of money so either administration or placing ahoy

Are you kidding? All KDR have done this past 10 years is apply for and get permits. It's not down to how many shares you hold. It's down to them finding commercially viable diamonds. So far they've found diddly squat and they've been looking for a decade.

He’s not even a professor in anything to do with mining except maybe mining your pockets. It’s not an investment it’s a gamble. It’s amazing they’ve managed to get any placing away in the past year or two. That rich family office went quiet all of a sudden. Think they realised what a dogs dinner it is. Money required pretty soon I’d think but who knows where it’ll come from