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Placing has not been ruled out, dont believe everything you hear in echo chamber telegram goups or random posters supposedly relaying comments from the AGM.
Such info is price sensitive and would be RNSd if it was indeed the case
Jallis - he categorically rules it out in an interview back in May.
Not the interviews i've heard.
As i've said, if you claim he does then prove it, post the link to the interview here
Ok Bline, if a equity placing has categorically been ruled out in an RNS as you are implying then which RNS was it in? Simply posting the link to that to prove your point should be far easier than typing out a long winded reply
No mate do your own homework............
Have done and no such RNS or interview exists where AB has categorically rules out an equity placing to raise the £20M they need to fund the drill
Filthylucre - i dont doubt he is, hence why he has not ruled out a placing
Oh yes he has and again today at the AGM, try doing some actual research vice picking fluff out of your button and posting comments out of the windy end.
Like i keep saying if he has then post the link to the interview or RNS but none of you on here seem to be able to do it
He may place for something else but he had repeated himself ad nauseum , project level funding for the drilling. He speaks in very clear English. As at February a mere 6m on the books , for the other stuff.
OK. It is highly unlikely. 99% unlikely. Good enough for me and most sane individuals. Does that answer your question? Now, you’ve made your point. Move on.
Seems like you cannot read messages like you cannot read RNS's.........so I will say it again...Do your own homework
https://www.***************************/baron-oil-ceo-discusses-strategic-vision-and-growth-plans-for-chuditch-gas-project-video/4121149240
specifically 8 minutes 45, now f off you 🤡
I have him / her / she / it blocked from some other share.
I suggest you do the same. Not worth the steam off my wee.
Haha filthy, good to see you admitting he's not ruled it out. Nowhere does he say 99% either so let's not put words in AB's mouth.
Safest way to leave it is, equity placing is a possibility just as non equity funding is a possibility
thanks, atb
Directors talk interviews dot com
JAllis this will do for me! now P155 0FF
Drill Funding
The Company continues to seek additional funding partners to participate in the drilling of the appraisal well. The recent Farm-Up by TIMOR GAP to a 40% working interest in the PSC, including a 20% paying interest, was an important step in a plan to bring together a strong investment partnership around the Chuditch project, aligned on timely development of gas resources in the interests of Timor-Leste and all other stakeholders of the Company.
Discussions with certain additional parties continue and are progressing forward in line with the board's expectations. These parties include potential strategic investors into the Chuditch project and enterprises with an interest in developing and / or taking the gas resources to market. Whilst there is no certainty of any of the discussions reaching a completed transaction, the level of interest is encouraging, and the Board are confident that there will be no impediment to drilling the Chuditch well on the planned schedule.
@ JAllis 8 minutes 45 Seconds. https://vimeo.com/927584660
Discussions with certain additional parties continue and are progressing forward in line with the board's expectations. These parties include potential strategic investors INTO the Chuditch project (non equity partner or other buy in) and enterprises with an interest in developing and / or taking the gas resources to market.
Bucket shop and broker placings are with non investors, who do not take a bit of the action in a project ever, just pump and dump for a quick investing profit, about as much investors as the pope being muslim or you are as a market muse.
Snap nidge
Or
milestone towards drilling the Chuditch-2 appraisal well. We look forward to providing further announcements on the Chuditch PROJECT (Level talking), including with respect to well planning, execution and drill funding.
Lots of interest from Strategic INVESTORS , I know you do not have the grey cells to know the difference but they are Sector players , not placing pump and dump jockeys, make an INVESTMENT , not a quick p&d buck, others include potential offtake companies, again take project level stakes for production in the future.
Neither get to get a piece without PAYING for it. That's without the standard big boy coming in with a JV type deal of a free ride (they pay often 1-3 drills) plus cash , for a large percentage , once more at PROJECT level , not company equity.
Your two to rub together , getting around it yet.
Sundagas hold license and own 60% of Chuditch currently , Sunda Energy own 100% of Sundagas, deals will be based on selling off part of the Sundagas holding to whom ever Andy decides is giving him the best deal for his future plans, multi asset Asian Gas company.
Give yourself a rest HFB, you are borderline spamming now.
Curry, Yolks , Sausage , Chips and Spam, sounds like today was a Monty Python sketch.