Argos shareholders also to gain a stake in canje block ( licence owned by JHI )n a prolific exploration basin operated by Exxon, total energies and others.. |
Interesting that a Canadian company is launching a bid when you consider the Canadian stakebuilding in bor. Maybe the Canadians will dominate the Falklands oil gold rush? |
Problem is that we end up with shares in a Private company, so how do we sell those? Deal may smoke out another bidder, very cheap, highly prospective, millions spent on surveys. All for around £3 million. This outline deal was probably necessary to prove up financial capability for the license extension. Lets see what happens and be prepared to vote against. |
Is this a good deal or a bad one? |
Lol as if this is a dead duck and RkH wont get the cash it belongs to Navitas |
RKH's win has a positive impact here |
Worth a nibble I think |
Thanks Falks for the response. |
Shareholder, Sorry for the late reply.
It's all written in the last 2 RNSs.
I know full well, few years ago, the BOD are against
Any dilution. This is the 2nd time that the chairman has
Put his own money to prevent dilution.
I am unfazed and happy to keep holding and adding when possible, |
Why are people still buying if it is getting suspended tomorrow. I don't understand |
Falks, what is your view on the RNS |
Share, try to read the RNS, easy to understan....thanks |
They are saying they are having talks about fundings so will not publish their accounts next week. But why announcing this early and dropping the share price? Have never seen such scenario before. |
Argos Resources Ltd - Falkland-Islands based oil and gas exploration company focused on the North Falkland Basin - Announces suspension of its shares from July 1 as it will not publish its annual report by the June 30 deadline.
Delay is due to ongoing discussions with auditors to gauge the basis on which its annual audited accounts should be prepared. "As a result of the company's extended discussions regarding its funding position...the company will not be in a position to publish its 2021 financial statements by the deadline of June 30, 2022," it explains.
Meanwhile, firm says Chair Ian Thomson provides it with an up to GBP110,000 loan facility available until January 31, 2023. Loan is interest-free. Argos Resources will have enough working capital until July 2023, it says.
"There is a reasonable expectation that the group and the company will continue in operational existence for the foreseeable future," firm adds. |
BOR and RKH have done their placing, I wonder who's next |
look attractive again, never bought before they took off last time. BOR is in a clear uptrend which bodes well for these. |
Wait and see |
Well that did not look like a good day mmm |
Have added nearly 150k shares more in 2 trades. ATB |
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