Conder Environmental Share Discussion Threads

[ttnyrp] 05/5/2006 11:11

From the offer document it states "we have identified opportunities in both our target field size of between 50-250 million barrels of oil recoverable and our preferred areas of Western Siberia, Timan Pechora, and the Volga Urals"

Given the knowledge we know have about AIM placing, and debt facility, anyone got any ideas as to what we might acquire with these funds in place (total millions of barrels we might be after?) and of course it's likely effects on s/p. Wild ideas and ramping are fine lol.

[fridgebunny] 05/5/2006 11:08

At last, some movement!

[johnyee7] 05/5/2006 10:21

Let the whooshing begin.

[dr luv] 05/5/2006 09:45

Oh, well. That's another chunk bought!

[andy] 04/5/2006 23:55

Wassaper,

I agree, CDE is starting to look very interesting!

The Marquarie loan is a huge achievement for an Ofex company,and IMO demonstrates confidence in the management's ability to deliver.

[wassapper] 04/5/2006 20:56

Been out of circulation for a few days but I would agree that this management team seem to know what they are doing. When did an Ofex company get a $100m loan facility from Maquarie Bank?

How much will it cost to develop the field - some tens of millions at most?

These guys have said it but they must have someting else in their sights as an aquisition fairly soon after the AIM float, which will be absorbing all their time at present.

They would not be able to raise such serious equity and debt finance if the management don't have a great story to tell.

Let's see how it unfolds! May have a pre-AIM top-up soon.

[hard work] 04/5/2006 20:43

LL,
Unquoted-analyst have Concorde as "up with events" following Tuesday's announcement. I suspect that's the reason nothing happened today. Will be interesting to see their take on events after today's news.

[hard work] 04/5/2006 20:29

...and the loan's a perfect hedge against dollar income
...and with the dollar weakening, $25m for Pechora is getting cheaper by the minute

[leesonlookalike] 04/5/2006 18:42

I believe Maquarie bank are keen to invest in Europe and gain a foothold. They were trying to buy a British Building Society a while ago but didnt in the end....

Hoping for a rise in share price soon.

cant wait til it gets to AIM, that'll be fun.... you've seen how VOG and EME and AFR etc etc all go under sentiment and projects :-)

Multibagaaa :-)

Lee$on

[andy] 04/5/2006 18:26

hard work - 4 May'06 - 13:34 - 897 of 903


Yep - £25m in new shares to fund Pechora and $100m loan to fund development and potential future acquisitions. Loan's been secured before new issue's been finalised which surely bodes well for the fundraising

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Yes I see this as really positive, and I agree that this bodes well for the fundraising, Marquarie are very experienced in the sector, and their involvement adds significant credibility to CDE, IMO.

[andy] 04/5/2006 18:24

leesonlookalike - 4 May'06 - 11:32 - 894 of 903


"Ive re-read the RNS, and I like it alot. i prefer Debt financing to Equity dilutiion".

----------------------

I do too, and IMO it augurs very well that they were able to secure such a loan from Marquarie Bank.

[zedder] 04/5/2006 15:43

Or a 75 quid fine! See:

[johnyee7] 04/5/2006 15:29

You only get a whoosh with a Wotsit, and CDE in due course.

[leesonlookalike] 04/5/2006 15:20

can't believe we've flat-lined all day on that good news !!! I know, I know....Due course :-)

lee$on

come on CDE - I wanna WHOOOOOOOOOOOOOOOOOOOOOOSH

[hard work] 04/5/2006 15:03

Max - so if the institutions get too greedy, concorde may fund the deal from the loan?

[maxbubble] 04/5/2006 14:57

Seems like shrewd management to me - loan in place - so if someone wants to get a chunk of the company they may have to pay higher than 10p it may well be bid up - 15p might be achieveable yet --puts the company in a strong negotiating position.

[hard work] 04/5/2006 13:34

Yep - £25m in new shares to fund Pechora and $100m loan to fund development and potential future acquisitions. Loan's been secured before new issue's been finalised which surely bodes well for the fundraising

[sranmal] 04/5/2006 13:29

Superb news release re. the US$100 debt financing.

As per my calculations yesterday, CDE have about 180M shares currently in issue, and I've estimated will place another 250M shares at, say 10p, to raise the £25M giving 430M shares in issue and a MC of about £50M, as hinted at in yesterday's Guardian article. With so many shares in issue, further dilution is a no-no, so managing to acquire such a massive debt facility is excellent news.

[gjelly] 04/5/2006 13:07

The release on the 2nd said:
"Concorde is to seek admission to AIM through a placing of shares by VSA
Resources Limited to raise approximately *25 million."

Todays release says:
"Concorde secures mandate for US$100 million debt financing from Macquarie Bank"

so it looks like they get 25 ??GBP as well as access to the dollars.

Is that the best of both worlds - secured financing with little dilution?

[leesonlookalike] 04/5/2006 11:32

Ive re-read the RNS, and I like it alot. i prefer Debt financing to Equity dilutiion. They are more freed up to do whatever deal they deem appropriate for the us, the share holders. They'll have cash ear marked for further purchases of Assets, and I think pechora will deliver substantial growth of incomes in due course. Just gutted i didnt buy at the IPO !!!! but hey, it s looking good...

ImHo of course

Lee$on :-)

[hard work] 04/5/2006 10:59

It's already a 15 bagger from September's IPO - more of the same please.

What are poeple's views on debt rather than equity? The developement plan must look good on paper to secure $100m debt

[leesonlookalike] 04/5/2006 10:54

even 18 months boys - that'll do moi :-)

ten baggers dont come over night ....


Lee$on