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The ASX Casino - Weekly Shell List, page-16

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minoil

10,952 Posts.

901

09/07/15

13:00

Post #: 15607114
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Originally posted by heraclitus ↑

I found DL's mobile in the last Raya presentation but it goes straight through to his other business (On-Trax)

The number is: 0408.885.018

Going back further, beyond the Otsana placement, there's actually been a 1c placement that raised $200k and $402k placement @ 006 through Peloton Capital (former director, Geoff Barnes' private company) and also $$750k @ 1.5c, which was mainly taken-up by ASC Asset Mgmt (they were advising the company on their US o&g strategy). I'm guessing with oil prices plummeting, they got Otsana onboard for the raise plus director as it's become clear they want to start doing DD on some non-resource projects. Not sure if that means the monthly consulting fee with ASC will/has been terminated and if ASC will look to liquidate their position (they own a lot of shares!)

But buying at 004-005 seems pretty decent given in the last 12 months they've raised:

$750k @ 1.5c
$200k @ 1c
$402k @ 006
$550k @ 005

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G Barnes pops up again !! interesting, will definitely write....i hate phones, my brain is too slow and needs time to put stuff together....i need to feed me tapeworm first, then i'll get on it !!

XEC Value at posting: 983.20
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