
NEWSFLOW
Borders & Southern Petroleum (#BOR) – £2.5m placing at 1.75p per share, a 44% discount!
- 2022-11-30 07:52:23
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Borders & Southern, DDD Group, Independent Resources.
I was shocked yesterday to once again see spiv traders on the iii and London South Eastern Bulletin Boards clearly engaging in pump and dump activities in both Argos Resources (ARG) and Borders & Southern Petroleum (BOR). This is blatant ramping.
After the excellent article by Gary Newman the other day on Borders & Southern’s (BOR) farm in deal, I became concerned about these rumours. I tried to phone the managers of the key Falklands plays but most are on holiday. Does this mean a farm in is imminent? No. Are there farm in discussions? Yes. But that is as per the last annual report.
Borders and Southern (BOR) are the only Falkland Islands oil company to have drilled that doesn’t yet have a farm-out partner. But all that could be about to change imminently, if there is any truth in the rumours currently doing the rounds. The company itself has stated that the farm-out process has already been started, so it should be a matter of when, not if.