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£2mln seems cheap and also 20mln shares traded in q company that has 100mln
How can this be please ?
Pumpers have arrived looking for a fast buck but last results were terrible and clearly a massive holder has instructed the mm's to sell the lot or already have at 1p maybe 1.5p and the mm is working it.
Not worth the risk imo
Year high was around 14p. Its a huge drop.
Current cap is around 1.8million.
Ideas?
1.75p to buy
I've bought some
Thanks Mannan
"Would you be able to give me a quick summary of SENX please"
See summary in 'cash burn' or you could waste half hour of your life watching the latest presentation
On the stock, though they did note that the US$23 million in net tangible assets on the balance sheet equates to around 15p per share, implying “a multiple of the current share price in its own right
1.64 to buy quickly
Would you be able to give me a quick summary of SENX please
Distressed seller offloading after listening to the call. Once out should rebound a bit. Ridiculous low market cap now.
?
Had a listen to the shoddy presentation, I was wondering what the big pause was when Vlad was speaking. Otherwise was JA trying to justify his salary, although questions that came through he asked to refer to the companies presentation. Couldn't even be bothered to prep and remember some figures.
Adon30 also summarises it well.
Cheers for the summary Adon, will give it a read at some point this week - doesn't sound like anything is going to happen to stir this up any time soon.
Was supposed to say this quarter. Not month.
Sorry about formatting. Seems to double space everything
Presentation is up on the investor meet platform if you half hour of your life to spare.
Their basic plan is that they will only spend on exploration what they make in production. When commodity prices are low that doesn’t give them a lot. Slight uptick in prices will help them this month.
Want to:
acidize N-2 to improve production rates.
Sidetrack W-1 to complete
Drill 2 new potential wells in Sabria
All the above require partner approval
Are investigating potential in moftinu
Romania was supposed to be more lucrative but government taxes and loyalties stemmed that. Still been a good investment return.
Will mothball and move moftinu facilities if/ when gas runs out in that area
Moftinu facilities worth more than MCAP in scrap value!
Looking at potential to perforate other smaller gas zones in existing wells to eek out all the available gas.
No buybacks as shareholders voted against it at AGM
Still disposing of abandoned Canada assets
Can’t remember much else as was cut off before the end.
Missed it - anyone got a summary over and above the RNS?
They never fail to fail. incompetence is outstanding
J Auld is taking the proverbial here. Drawing a substantial salary while presiding over a complete s.... show. Mans got more neck than a giraffe.
"If it's dewatering at a rate in line with other wells, why are they considering acidizing it?"
The answer was that they found the faster you can dewater the better they produce.
$400k for the acid process.
They didnt even agree with Tunisian majority partner to start acidization. CMOOON what are you doing in Tunisia??! Stop golfing and get your ass on the ground. And he still dares to talk about the value generation?
Errr.... ummmm.... errr .... ummmm silence.... errr.... ummm
That's all I'm hearing..... so your not missing much
Will miss the call today. Any updates appreciated.
Are there salt deposits?
If it's dewatering at a rate in line with other wells, why are they considering acidizing it?