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|Real Estate Investment & Services
Real-Time news about Balmoral Intl (London Stock Exchange): 0 recent articles
|Balmoral Intl Daily Update: Balmoral Intl is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker BML. The last closing price for Balmoral Intl was 0.80p.|
Balmoral Intl has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 583,265,000 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Balmoral Intl is £4,666,120.
|deansaunders: 9.33p per share based on a VOG share price of 7.65p.
Now VOG has sunk to 6p the deal is effectively 7p for each and every Bramlin share.
VOG have got a gift.|
|zengas: Some notes on Bramlin
Acquistion means total new and existing shares of circa 133m.
"In addition, deferred consideration comprising the issue of
24,062,134 new Ordinary Shares to certain members of the Concert Party and
others will become due upon receipt by RDL of an Exploitation Authorisation
which satisfies certain specified criteria".
About 157m shares x 17.5p = £27.5.m mkt cap fully diluted.
More cash needed.
Planning to drill up to 4 wells at 4300m (3 will cost $10m each and 4th circa $12.5m).
Tie-in costs of $400k per well (that's roughly £22m but £10m needed for 1st 2 wells initially)
In addition- gas plant will cost around $10m.
Proven P1 reserves are 7 bcf Gas (1 mboe).
P2 is 65.8 bcf gas(10.9 mboe).
About 2-3 m bls of condensate.
First gas production forecast is August 2009. Gas market has to be establised.
Expected prices $10/1,000 cu-ft to industrial customers and $6.25/1,000 cu-ft to power plant.
K. Foo salary = £20,000 per year (for 1 day per calender month) + £100 per hour for any further time with Bramlin duties.
Foo will receive £25k on successful completion of first acquistion (WHY ?) which he must use to subscribe for ordinary shares in Bramlin at a pre-determined price of 10p ( Again - WHY?) Current Share price is 17.5p. (Heaven forbid If he works an extra few days per month for the company - i dread to think what the costs would be - CER and EKA are gone so he may only have Vog if i'm correct).
Marlake consultants and Entepen consultants each get £20k per year and £25k on 1st acquistion.
Sigma Consultants basic fee of £100 per hour + £25k on 1st acquistion. (Some of these consultancies are director related).
Jim Ford director will get £130k per year salary plus cash bonus of £70k (total £200k) plus 1.25m Bramlin shares.
Ernest Miller (commercial director) will get £120k per year salary plus cash bonus of £50k (£170k total) plus 1m Bramlin shares.
Wm Kelleher daughters Hydrocarbon Technologies gets £20k per year. Also gets £25k on 1st acquistion which must be used to buy Bramlin shares at 10p (current price 17.5p). This is to the trust and not Wm Kelleher.
Why do these people/trusts/consultants need to reward themselves with such payments for 1st acquistions etc ? Is their shareholding not enough ? Payments/Salaries etc are appalling imho. This will be a dreadful strain imho on a company needing more finance for drilling (don't forget all those related concert party shares to be issued 24m in total - which consists of 11.6m to Kellehers Hydrocarbon Technologies - yet they even get £25k payment for a 1st acquistion).
Never seen the likes of Pantheon or others reward themselves anywhere near this? Payments for 1st acquistions etc ? - i find it incredible.
At 17.5p and expected market cap of £24.2m on the acquistion (£28m fully diluted) They only have £2.4m cash and possibly £0.5m will be eaten up in salaries etc going forward. Well costs are £5m each x minimum of 2.
CER, VOG, EKA never delivered on expectations but it seems the founders/directors etc here are already on the way to positioning themselves for lucrative salaries etc.|
Balmoral Intl share price data is direct from the London Stock Exchange