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the whole mess at the moment is just a reflection of the little value that is placed on the shareholders by the board of directors .expect more of the same in the coming months .what would the shares be worth today if the bod not diluted them in the past year to suit their free share options now worth a fortune .
15 million shares traded in LOGP Today ( including 12.5 m in back dated trades). It seems That There is an interest in ensuring a majority stake in LOGP to get some sort of deal over the Line. Think that T5 Will reverse into LOGP and thereafter buy into Exola ( providence ) retaining a Share. Think we Will see T 5 concentrate on Celtic sea. Lot of seismics already done Here.
The next rns will be more warrants exercised and this is what is holding the share price back. The sooner they are all exercised the better. We should than see a sustained rise up to 10p in the short term..
Who is selling shares at < 17p???????????????????????
@TopTradersADVFN CLON ratification complete drill plans jv news coming..
@TopTradersADVFN CLON ratification complete drill plans jv news coming
Can anyone explain if this is correct - Cairn are going to pay 45% of up to a maximum of $42m so $18.9m max, which would mean if there is an overrun in costs PVR pick them up or is an overrun shared pro rata to ownership? Basically have Cairn cleverly capped their exposure to $18.9m no matter how much drill costs?
For those seeking some detailed insight on Vernalis, here's a recent report (pre-dates the 6 Mar Announcement on Servier collaboration):
I would anticipate on the back of this they are now negotiating an extension of the rig to allow for Drombeg Drill and Newgrange