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I noted a couple of buys the past 2 days & thought something might be stirring given the move up & volume in Tower.
I bought 1.5M today at 6.09p to average down what I had left from before during the last run up.
Lets see if it springs into life again.
LOTM
Absent significant news I think a placing at 0.05 would be tough. More like 0.04/0.03 unfortunately. Plus 500k would be a large amount given the MC, placees will want to see a likelihood of making money
Why are you even up dont hold nothing
Up 21%, not bad. Good omen for tomorrow
Nice sp action thus far today on thin volume. String of 7 shares traded. Wonder if that is a đ¤ sign
Not sure but it's NT to buy 1k pounds worth on HL. Easy to sell. I think news is inbound
Are we due any Farmout news
Creaping up, same tomorrow!?
Thoughts anyone?
Needs something as it presently has no secured cash or assets. And the best thing we can put forward is a CPR on a permit they had to give back several years ago. Not good.
I predict a placing in Aug of 1 billion shares at 0.05p to raise ÂŁ500,000 (based on previous placing timing and amount raised).
Nice to see the competent persons report on PEL29 again - but ADAIK GBP does not own that licence anymore.
$597k as of end 2023. This must be existing on fumes by now.
Raise must be on the cards.
To be honest that was the one rns that did catch my eye.
Let's hope for an update soon then.
Note also the RNS update from 27th March 2023
Thanks emptyend.
Over the last few days I have read back through RNS's dating back to the companies IPO and the chat on this board on the 30th April, the last spike. There was talk of GBP 'having' billions of barrels of oil and gas but I cannot find evidence of this in an RNS. Licenses Yes, 100% ownership Yes.
So what is going on with GBP?
GBP getting all their duck in a row for a farm out, finalising their minimum exploration expenditure of the firm work commitment. The precise quantum is currently being negotiated between Global and the Ministry with the matter expected to be resolved in April 2024. An announcement any day.
It wonât take much to move this up again , this afternoon has shown
Nobody knew about thisđ¤
Highlights Operational
⢠The focus during the reporting period, and subsequently, has been the Companyâs farm-out process and entering the next exploration period in respect of its Namibian licence PEL0094 (âLicenceâ);
⢠On 14 August 2023 the Company announced that the Namibian authorities had given approval for the Company and its partners to proceed to the First Renewal Period of the Licence, with a duration of two years from September 2023 to September 2025. Importantly, the usual requirement at the end of the Initial Exploration Period to relinquish 50 per cent of the Licence area was waived; ⢠Global has continued its efforts to farm-out an interest in the Licence. Further announcements will be made as and when appropriate;
⢠On 15 September 2023, the Company announced that it had been informed that appeals against the environmental decrees granted in its favour for Licence Applications D 80 F.R- GP, D 81 F.R-GP, D 82 F.RÂGP and D 83 F.R-GP (âthe Applicationsâ) by the Italian authorities had been dismissed. The Company submitted additional documentation in connection with the Applications to the Italian Ministry of Ecological Transition and has been awaiting a response from the Ministry regarding the process going forward. Further announcements will be made as and when appropriate.
Hope for a good week. News soon.
7veronic - you are spot on as always. Please send me the shares you wish me to deramp to benefit you and I will send you my account details.
Thanks janiax,
I hope so but am assuming nothing major will change for quite some time. I canât seem a short term or medium term changes yet.