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Lots of new names appearing.
If I really strain, I can just hear the growing sound of hooves.
Is the herd, finally, heading this way?
Only a matter of time
Why has the SP dropped from 10p ( Feb 2020) when this company has great production figures
Doesn't add up!!!!
It's been a crazy year thats why.
Why did it drop?
Debt
COVID
Collapse in energy prices
All sorted now.
They agreed a debt restructuring in December, raised 20 odd million, all debt cleared with about 10 million written off.
No debt was written off
I recall 10 million was written off by the European bank who took a share holding???
But I could be talking ****e?
Paid for half cash half shares. Debt to equity swap
More support on twitter than normal today..plenty of opportunity for retweets to spread the word.
Not ramping, just stating fundamentals.
Keep it credible!
Bought in today. Looks undervalued at this price and set to go.
Hi Shaa i bought some yesterday too GLA
Hi Pred, looks like a good share that will see some upward movement.
Just over a year ago, this was nearly 14p, could see some upside rapidly.
Took 30 mins to fill my order.
it appears the reversal is well and truly on now
Hope so alwayz, been a number of false dawns but this does seem a lot more measured. Regardless, I’m here for the long term so will only sell when we hit double figures.
Great interview here guys for all this looking to get in.
https://m.youtube.com/watch?v=VA3M8ijRGCg
Excellent interview if you haven’t watched it Jeffery Auld a strong background in O&G and also been an investment banker for Goldman Sachs - to quote him he is in the business of making money. Touches on the recent placement (2020) and how that was used to pay down all debt.
This flows nicely into this interview
https://vimeo.com/530202441
And another consideration and point I like to highlight is share hold on sticky hands and those with significant holdings:
STOCK INFORMATION
Presentations
The Company has 1,140,660,629 ordinary shares outstanding.
As of 05 January 2021, there are no shares held in Treasury. The percentage of shares not held in public hands is 8.02%.
There are no restrictions on the trading of the Company’s ordinary shares.
As of 05 January 2021, significant shareholders of the Company are Richard Sneller (11.33%), European Bank for Reconstruction and Development (9.96%), Marlborough Fund Managers (9.44%), Kulczyk Investments SA (8.02%), and Quercus TFI SA (5.86%).
I calculated all significant holders totalling
= 44.61% of all shares in issue
Get in .... I’m not far off break even now.
Production growing considerably no debt and low operating costs.
Glad I stumbled across this wee gem, nice you tube video Charlie.
for anyone worried about buying in whilst it's already up a bit today, the net asset value of SENX on 2P reserves ALONE is 5p!!
This was 3.90 few weeks ago and went down with no reason . I hope it will test 4p first soon and 5p before Q1 results. After that who knows what .
I am in both COPL and SENX
I have had my fair share of oil and gas companies that chaise rainbows and don’t deliver.
I was in MSMN at 11p to 50p plus, all on hype and speculation
How many shares like 88e, UKOG etc have risen on anticipation of hitting it big and hitting a duster or hitting the PIs that support them with dilution to fund a pipe dream.
COPL and SENX are completely different the have producing assets with revenues and looking increase those daily bopd figures.
More for looking for the diamond in the ruff these days, like this one, it has true value it just need buffing to see it’s true worth.
SENX is not on many PIs radars as most buy absolute ****e on hype without researching, following the herd, they know nothing about the company, it’s assets or the financials. They just see imaginary pound signs that in most cases don’t materialise.
Once news drops next month and word spreads the herd will arrive. This will fly.
At the moment I am happy for a steady and gradual rise.
We have oil and gas, we are producing, we are debt free, production to be increased to 7,500-8,000 bopd, low costs under $9, infrastructure in place.
Most importantly a CEO that has a key understanding and knowledge of O&G as well as the financial side as he has also been an investment banker for Goldman Sachs- he knows how to make money, he wants to make money and he knows how to make money and return shareholder value.
What is presented makes this share a no brainier a clear STRONG BUY imo - GLA
Usual loons selling after tiny rise, only have to buy back in higher and lose money twiceover. Just wait until at least NAV is reached?
Good call Charlie, looks well under priced.