Member Info for Adastra

Ha! Thats the trouble with getting too attached to one share! I know so much about PAN but Simon isn't filling in the blanks. I'm sure it will come next week and it will be very positive - thats why I'm watching closely but I'm also wary of the gut-sinking feeling of 2010 and I really cant hack that again. I'd rather wait and pay 18p to get back in on positive news than relive that as it took three and a half years to get back to breakeven. Luckily QPP and Pbty have made up for the lack of earnings in very short order but that was just very fortunate. GLA - I am as certain as I can be that all is going very well with PAN despite the poor shareprice performance and hope 22p and then 40p will follow in 2 short RNS statements. Don't think I've got the b*lls I had in 2009 :-)))

May re-enter as soon as we get positive RNS - funds available but switched to IQE as looks compelling at moment. GLA and hope we get RNS here next week; happy to come back on board with positives at slightly higher price.

You have even exhausted MY patience!! 3 months since our last RNS given the takeover bid etc is just TOO long and tests our patience too far. We cannot live on the promise of jam tomorrow indefinitely - I may regret this, but I am earning FAR greater rewards elsewhere and can actually move sideways and use the CGT break. Really disappointed that our constant requests for newsflow have not been heeded. I really wish all PAN holders the very best and can take a huge price jump and re-rate squarely on the chin [when/if] it comes and smile for everyone; my patience is just not infinite. Sorry guys, I'm just fed up waiting and cant stand another 2010 here - GLA

Lack of news. We all want big update but something significant is being woven together IMHO. Excellent trading plus Rosbunker resolution plus new terminal acquisition plus payoff of £8.5m loan note. MMs are marking down price to unsteady nerves and let them mop up shares,..........then......RNS - boom - sell into a hungry market for megabucks. Simples.

Where are you getting this dubious information??? Certainly NOT from any reputable source. Trying to knock down the price so you can pick up another 200k cheap?? Presume that was you. Your info re Baltic is wrong as we own the terminal (lose control??) and Monjasa are so impressed with the upgrades they have increased business substantially AND dedicated a one year old ship as a daily shuttle.

Spirent or Nokia will bid for Anite - anyone for £1.20 a share???

Whoohoo!!! 57% premium!!! Hope those on here read my monologues and invested. It was lonely but well worth the 50p a share cash offer.

Guys, that is not the case - your fears are incorrectly based. There is no preemption now available; Belphar lost the option to convert in the November vote and we paid the £550k penalty. It could try to convene another separate meeting. But even if it succeeded, which I doubt, it still has to pay 22p a share for conversion and as a minimum to shareholders in any subsequent bid. That bid cannot be canvassed before June this year under LSE rules. Our Euro assets are in the books at £22.4m and we probably now have £2.5m in the bank after paying Belphar penalty. EPS 2013 should come in at 1.6p to 2.0p a share. We are undervalued. For y/e Dec 2014 probably 3p eps PLUS either a) anything from £15-20m from sale of Rosbunker investment or b) £3.46m pa pro rata for 9 months = £2.6m = £2.45p/ share. The sale would immediately give us a huge £20m cash pile; the income alternative would give earnings per share for y/e Dec 2014 of 5.45p giving us a prospective p/e of 3.30!!!!!!! DYOR. Yes I'm miffed about the lack of news flow, hence my previous critical post, but I am not concerned about prospects. Even without Rosbunker we are on forward p/e of 6!

The frustration is starting to tell at last. Simon is doing himself few favours by delaying the RNS flow awaiting Rosbunker. PBI, Dan Balt and Baltic Top are all performing well (Monjasa has increased its fleet, by the addition of the MT San Padre Pio, which completed its first bunkering operation at Dan Balt's Aabenraa terminal on 7 October 2013. Dan Balt will in consequence see a greater throughput of product at the terminal. The vessel is less than one year old and has been modified in Aabenraa to undertake STS bunkering in the Skagen area. The Company's key assets are now all performing at maximum capacity, including Dan Balt in Denmark, which came fully online in late May 2013 following its refurbishment at the start of the year. As announced on 6 August 2013, the Company has entered into a storage and transhipment contract with the Monjasa Group to handle the loading and discharging of fuel oil and marine gas oil at Dan Balt, where its 160,000m3 of storage is now fully utilised. In Rotterdam, PBI, which leases tanks in the heart of Europort, Europe's largest refined oil product terminal, now provides 240,000m3 of heated fuel oil and gas oil storage, and its tanks are fully rented until late spring 2014. Baltic Top, the Company's fully operational refined products terminal in Kaliningrad, is seeing a throughput of between 15,000-20,000 tonnes per month for diesel and gasoline. The board continues to pursue opportunities in relation to Rosbunker and will update shareholders when a suitable transaction has been agreed. There has been no change in the directors' assessment since the publication of the 2012 Report and Accounts, with regards to judgements applied on the fair value of this asset as at 30 June 2013. So all in all we are expecting good news on 3 fronts - let's have one at a time please! And I do wish the idiot selling lots ending 666 would pi** off! It's spooking the outlook :))) the shares are certainly a buy at this level as we'd get more for the Euro Assets alone - without the cash and without Rosbunker! Typical AIM that we drop a few pence on minimal trades - happens so often on AIM and that's the problem. Reckon Monjasa will buy us out soon if we don't recover . Where is the strong CEO who pulled us through all the hassle and built the excellent transshipment business we now have in place? RNS now Simon.

Methinks Mr Escott is spending more time watching Chelsea than drafting the blockbuster RNS we all anticipate. He seems to be wanting to score three goals in extra time for a resounding 3-0 victory - WE JUST WANT ONE for now to show more goals are on the way. It is frustrating that Pantastic and Myself have spent a couple of years banging on about RNS newsflow being vital to investor support - we thought it was being heeded last year with a succession of great items in October and November.Then we go back to nothing. Westhouse, our brokers, are about as much use as a hosepipe at the moment but we seem to be stuck with them lest we upset Utilico [who should be kicking their ass not licking it!] Time to throw away the Chelsea season ticket and start training the brokers to do their job or get in Edison or Beaufort to raise our flag. Patience is becoming pi**ed off! Considering we are doing so well with the Euro operations and we can smell the beans on Rosbunker resolution its time we let go one RNS at a time rather than three at once. 17.5p bid is ridiculous and LESS than our cash plus Euro operations - with Rosbunker thrown in the dustbin!!! Can we actually do worse with Belphar steering the ship? The 22p offered is now 25% more than our current abysmal £19m MCap. Good grief, the 'new build' price of Dan Balt before we did all the modernisation and doubled harbour capacity to 80,000dwt was £26m alone!!! PAN has to be the most undervalued, under-researched, underplayed, oversold share on AIM.

We are all waiting the blockbuster RNS and I assume that's the dilemma for BoD. Few of us doubt that trading is still at capacity. PBI has doubled capacity over the past 18 months and Baltic Top is working at maximum throughput but at lower margins. Dan Balt must be 'motoring' as we have increased access from 40000 dwt vessels to 80000 dwt, completed the installation of high capacity SOTA pumps and have a dedicated Monjasa shuttle vessel in daily operation. These will be strong trading statistics. The new rebuild cost of Dan Balt alone, before modernisation, was £26m and we gain the 20 % held by the previous owner in 2016 free of charge. These European assets are worth in excess of 22p a share. We also hold a 50% share in Rosbunker as an investment which is worth between £20m and £30m and where a resolution of sale or income stream is imminent. Rosbunker is growing strongly and income would be in the range £2-3m per animus deciding on the outcome promised before mid-April. On top of that, we have a rejected bid for the company at 22p which will return in May if we stay at this level for long. Rather than wait for a blockbuster, let's have the trading update now, let's have the asset revaluation (which we must have done!) and then we can await Rosbunker in a few weeks please Simon. All IMHO as usual.

USA here we come..........................?....................................... "As we mentioned in our last update, the company is in advanced discussions with a major US Casino operator to provide a solution for the regulated market there. These conversations are proceeding well and we will continue to update investors on this new opportunity when appropriate to do so." Pbty has only ever operated in highly regulated legal markets-That's its USP when negotiating in America.

The £132,000 Buy on Friday certainly seems to have woken interest here. Negotiations continuing in USA with Nevada? Casino operator continuing - a sign-up would send this £10m MCap stratospheric. Euro business is improving quarterly and Italian market now gaining traction. Interesting times ahead with only 34 million shares on the books. Patient accumulation IMHO.

A 414k/ £132.5k delayed buy at 32p!! That is an enormous trade for a £10m MCap. Roll on next week as this looks like the prelude to a hike in price whatever the reason. As I said this morning, the Q3 update was very respectable and upbeat. Any bets we're on track for getting into USA soon?

Agreed!

Increased revenue, huge decrease in cost of player procurement, increased spend per player, must be EBITDA positive as cash increased over H2, Italian ops gaining strongly AND in late stage negotiations with major USA casino operator to enter highly regulated American market. What is there in all this to justify the lowest share price for years? Probability is also a sitting duck for takeover (as has oft been said) due to high barrier to entry and fact it has only ever operated in 'regulated' markets and not chased quick 'iffy' profits. Great buy IMHO below 40p at present.

Something brewing?? Absolute cert I would think. Rather than a trickle of news we must be preparing a concerted effort to shock the share price up. Think of it as a flatline waiting for the defibrillator!! When the electricity hits the paddles watch this baby jump IMHO. One paddle is revised NAV and current trading - the other is Rosbunker resolution. Stand clear - 3 -2 -1................... We've been waiting months and months but next week may,,,,,,,just may be the culmination of all the hard work to rerate us to our true 40 - 50p asset value - Adastra

Agree - must be a buy - tried dummy sells and no way 20 offered - goes n/t. Definitely buys and very well timed IMHO - news anyday - tomorrow???

Fundamentals sound and potential considerable - patience pays rewards. DYOR - take your position - have a buy and sell price and wait - simples!

The directors a buying opportunity. The RNS is good but gives loads of room for a really good launch platform for new product AND gives directors another opportune small window to top up.