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the stupid bashing here by some has driven up the share price and i wanted to buy cheaply. can you please stop with the ******* bashing.
@ZaksTradersCafe The $64,000 question is why has the share price not acted more positively to the farm-out announcement now that #SYN is funded for 2024 Cambay Field Farm Out & Joint Venture https://twitter.com/Share_Talk/status/1789954132486320171
The most recent Panmure Gordon broker report predicts the pending GOI approval and work plan will create an increase in revenue to Β£60.4m AUD AND a PBT of Β£39.7m AUD in FY2025
Synergia reported interim results yesterday, with revenues of A$353k (1H23 A$691k) and a narrowing of the net loss to A$(2.07m) (1H23 A$(3.67m)). Net cash of A$680k at December. Production dipped in the period as the re-frac of the C77H well at Cambay had issues with liquid loading, although a resolution has been identified. December production averaged 0.1mmcfd and 4bpd of condensate. We feel the results are largely irrelevant, following the recent given the post period end farm-out of a 50% WI in the Cambay field to Selan. This will see cash payments to Synergia in the near term, and a carry through a number of development wells and workovers over the next 18 months. This should see a marked increase in net production and the additional FCF will allow Synergia and partner Wintershall to move forward on the Camelot CCS project in the UK β this is one of the key CCS projects in the UK, and CCS is the only way that the UK has any chance of meeting current net zero targets. Activity in the coming year should provide newsflow that will provide opportunities to re-rate the shares. We have updated our forecasts to reflect interim results and we maintain our TP of 0.93p and reiterate our BUY recommendation.
Just printed.
I see. Fair enough.
Not asking for continual RNS's but one to update us on the Selan meeting would help I'm sure
I'm pretty sure there is a pay as you go model for RNS's. Not sure what syn has but I would hope it's the cheapest tariff lol
I really don't see the point of continual RNS's personally. I just want to hear we have approval and what the work programme is. That's pretty much all that matters. We literally had an RNS the other day... And it was pretty pointless IMO.
So swazers has shown up = buy signal.
Zag is still a bit stupid I see, literally hasn't the first clue about any investment he shows up on, just likes to complain a lot.
0.11?....looks like the pullback.....is ending..imo
lets ee
You make an annual payment and issue as many RNSs as you want, I'm not sure they pay for RNS individually. And RNS cost is not a reason for not updating the market
We are likely to have an RNS confirming GOI approval in the coming 2-3 weeks. Not that long in the grand scheme of things - I'm sure many holders here including myself have held this for a lot, LOT longer.
Not much longer to wait, but everyone has their own plan I guess.
The circumstances are different now Zag. We have an Indian company as a partner. That's does count for quite a lot. Ultimately, the Indian government has the most to gain from this.
Borsaci06
I think exactly that, I don't believe they will have the GOI inplace before Q3 and all you need to do is look at the history. RW has yet again dropped the ball on his time lines
It costs money to keep issuing RNSs. Unfortunately, this really is just a matter of patience now. If there is a placing before news then that's unfortunate but not much can be done about it, apart from taking advantage of any corresponding drop in sp.
I think so , mainly to dispel rumours of placement as he said no need for one this year
They counter the negatives by simply RNSing progress. They met with Selan, so what is the plan. They don't have to give the finer details but they could tell us enough to show progress.
There were some strange comments made on X inferring they had heard something bad about syn, and then the authors account disappeared... Obviously, Roland is aware of some of the shenanigans that go on. It's good syn are taking the PR seriously now that things are getting moving.
I would think so... I think maybe they are trying to counteract the negativity.
So why did ShareTalk post that clip over the weekend? Did Roland ask them to do it?
Zag, I think you'll find that folks buy shares in anticipation of GOI approval next month
ZagEgypt
that name invented by other poster meaning buy/sell, buy\sell, buy/sell, buy\sell.
" since the JV and initial intraday bump the SP has collapsed." >> it has almost halved indeed for known reasons. so you don`t believe GOI approval is not happening, jv collapsing or delay of GOI until after Q3
I'm really worried.. Didn't sleep a wink last night.. I hope we don't see the 6's soonππ
Surely if no news is received in the next couple of days it could only mean one thing!!
πππ
Thing is... If there's lots of people trying to get in at 0.08p, it won't remain at 0.08p for long. Supply and demand lol. I will definitely be picking up some more at that price so I'll join the queue.