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Agree with you seen it sooo many times on AIM. Deja vu.
So Optiva Securities issues a brokers note, the same Optiva Securities that acts as a broker for Energy Pathway, so hardly independent.
£2m raised at the IPO, but gas production expected to start in LATE 2025. £2m ain't gonna last until late 2025 for both stages.
Stage 1 pre-field development will consume the £2m, stated in the Brokers note.
Stage 2 paid for via strategic industry or financial partner PLUS DEBT, so Optiva Securities, EPP's own brokers state in brokers note
Second equity funding of £21.5m during FY24 alone. Debt funding of £53m in the same year. Note, the debt taking 18 month to pay back FROM FIRST FLOW.
Between now and the end of 2025 this is surely going to be diluted to an inch of it's life with £53m debt funding and £21.5m second equity funding in FY24 alone. What about dilution in 2025 before the first gas flows at the earliest end of 2025??
24p near term price, lol, really folks?
Update
IPO'd at 4p, closed yesterday at 1.95p.
You got to chuckle, this is going to need £millions more before gas starts flowing in late 2025. Just wait for the next (1p??) placing, which IMHO, will be along before you know it. Noted the broker themselves are saying "Stage 1 pre-field development will consume the £2m." and "Second equity funding of £21.5m during FY24 alone."
Days here yet, lots of dillution coming.
Marvellous, keep it going please
Earl of aim,remember the song,just walk on by,wait on the corner,don't even wait on the corner.
And for AimofEarl’s next trick… The Bid Smash
Petroinvestor
real spread is much tighter like 8%
If you look at the spread then you will see buyers can't sell without losing 14%.
Petroinvestor
do you know what appraisal well means?
it's been explored first, that's the discover phase
then proved the gas amount of the that's called Appraisal
this is huge potential
SDRY going to 100p this afternoon.
4p ipo
so not many can sell Petroinvestor, my friend.
Read Rns
This is solid company with solid asset of gas in marram-gas field in the East Irish sea, near morecambe, Lancashire.
not a speculative exploration company,
marram has field appraisal done (proved gas c45Btcf
I expect traders will be selling very soon for a small profit. Newbies left holding the baby here!
First sell will walk away with more profits and last to sell will walk away with less. Don't be greedy!
Beware of people who give you stock tips with random price targets. They are likely pump-and-dumpers who are trying to offload their shares at a higher price. Newbies often fall for this scam and end up losing money.
This is solid company with solid asset of gas in marram-gas field in the East Irish sea, near morecambe, Lancashire.
not a speculative exploration company,
marram has field appraisal done (proved gas c45Btcf
Why NAV is £100m?
because Mirriad its done Appraisal, so Gas is There,
EPP has Marram-gas field in East Irish sea close to the UK,
look at the how many hurdles needs to get to Appraisal,
license, and Drill source, drill for Exploration,
then appraisal.
EPP has done all that before it got IPO
huge potential here
hence net Value Asset is £100m
Mcap £4m
current NAV £100m that's huge discount to current share price
ipo 4p
pre IPO 4
3p looks bargain SP
If anyone interested then listen to the podcast,
that's all I'm saying
Listen from 10min onwards,
impressed with the board of directors
Https://audioboom.com/posts/8437185-sunday-roast-featuring-energy-pathways-and-shaun-day-md-of-greatland-gold-epp-ggp-sml-gen
Right I'm not engaging with this clown bunsenburner123
I'm posting Company's merits
Djp4976
now bunsenburner123 trying to correct you.
lol, what a clown bunsenburner123
market manipulating at his best.
Bunsenburner123 is a pathetic liar,
this company will become very successful.
all this pre IPO Money is a facade for bunsenburner123 to get in cheap.
he dying to buy this company hence trying to deramp with stupid false information, that's blatant market manipulating.
he should get a lawyer before its to late
£750k at 3p is not 5%
No one bought below 2.89p
so who's going to sell to take it to 1p?
when 85% are locked in.
15% looks like sold last week or so and earlier on the week.
Sp should bounce now
1p money actually 4.8% of the totally issued share capital not 20%
Like I said - read the prospectus it’s all here
https://www.dialsquareinvestments.com/ul/637e260fc5ade_Dial_Square_Investments_Plc_-_Prospectus_-_23_November_2022.pdf
Doesnt matter that theyre locked in
Thats pretty normal for many new companies
Just have to look at the old vehicle money
Thats why this will likely slide down to the 1p mark