24th Dec '11


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Is there a rational explanation for paying the present circa 10p for these shares? What are purchasers seeing as value, when the NAV is probably 3p or less? With no licences and no kitty, so they had better get started with massive fundraising whilst the SP is still up there or the dilution will be eyewatering. I have never seen a greater premium for expectation.…

Tingtang's Latest Comments

I rather think that BHP will be calling the tune on FOGL and will be unlikely to make any early promises before seeing how this plays out. Been a long time since I looked so could be wrong. My recollections are hazy but wasn't it Hardman that gathered the early seismic data on the blocks of  the FIH consortium as it was then? Thoughts at…

Desire holders have been a long time awaiting, now they probably won't mind throwing more money into the kitty. I had taken my eye off the situation, with an intention to take a stake, not in Desire but in FIH who will be in a win win position but is going to cost me 20% more than buying yesterday, still worth paying around £3 for…

In reply to Dalesman (post #128) As one of those grumpy old men, certainly where this share is concerned, I would say don't worry about it. I allowed my moral judgement to dictate my action to dispose of the share when it recovered to my break even point. Had I adopted the more pragmatic approach of Sir 'L'  I would now be considerably richer. That…

Holders are probably still mulling over the implications of todays placing news. So the directors are pumping in $6M of their own money and at a premium   of almost 50% to the sp of a few days ago before news of this deal leaked out. There will be extra warrants issued and purchase price of existing warrants has been reduced. So what to make of…

In reply to Isaac (post #197) I would expect them to go for a full listing rather than AIM,  but will confess i don't know anything about IPO's. I guess this off topic discussion for this thread has gone on too long so we had better end it here. nb - whoever is giving Isaac the thumbs down for every post is out of order.…

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