Let company issue an rns, not really sure whats happening. I still see it can be backup measure
Hello Spuddy, I beleive what you suggested other day should be taken, raise bare minimal funds for court case plus one well drill which has greater % of recovery and by then oil price will be in better situation. If they dilute the asset now definately hand in glove activity with iis or much better they put the company in market since our leader never kept to his words
They allocated 1 for every 4, total allocation should be approx 75 million but its 140million. Something has happened last year too
Board is unethical, why cant they sell to new investors for 1gbp or 75p, lot of current shareholders will sell the stock. This would be better than asset dilution; this approach is same but helps disappointed investors and can win new investors too.
Asset dilution is far far worse than current loan*
Benifts will not be visible when share holdings increases*
In december the statement was farmout will be in new year and melody loan extension is agreed etc etc what happened to both statements. The asset is getting at this rock bottom prices to pay debts. Asset dilution at this price os far far worse than asset dilution. If you assess carefully u will realise whats happening for loan you only interest but if any upside will be beneficial to current shareholders which is not visible when share capital increases. Whats happening is more than one can see easily
The point here is the % of dilution they are making, you will end up to take about 6 times of your current holdings. He has mislead us for a while will you give money even if its handed over if he comes up with xyz reason tomorrow and asks for more funds, its not sustainable. Also, new players got in during previous fund raise who are already on positive side but now for sure some more new entrants. The percentage of dilution in 1 year 3 months anout 94%; rather than sharing assets further better to pull the plug
Good, my only poiny if they are selling 85% for peanuts why cant they put whole company on market?