Member Info for Aimtrader1

Rights issue? LOL !! This DC does make me laugh. Bless him/her. What's current net debt levels DC? I'll give you a clue - there isn't any. Net cash is positive !! And.......the business is highly cash generative. Cash levels have dropped over the last 12 months due to exceptionals. Rights issue !! Absolute crackers........

what are the net debt levels DC? Oh no wait.....

Understood Sang, thanks. Didn't realise he was holding c.10% and I guess at a time when the m/cap was c.150m that's a fair few shares to offload. What's your best best guess on when he'll be out completely? Any evidence of the shorts beginning to close yet? Thanks and apologies for the stupid Q's. Not researched here at all as you can probably tell.

New to this one. How much of the recent drop are we putting down to this distressed seller? If they were holding c.5% that's less than £3m at the current SP and trading volumes are pretty high here. Would it really have such a material impact?

"they could be well into the revolver" - one of the most ridiculous things I think I've read on here for a while.

No debt. Cash in bank. Strong underlying EBITDA. Still growing. Addressing legacy supply chain issues. Sure, there are some short term Covid headwinds but so what. This is v attractive at these levels.

returns increase due to mix shift in favour of dresses. returns rate across non dresses broadly comparable with previous levels.

To be fair Khaled is no worse than the likes of Porky. One talks about JV's with Total and Exxon (really??) with excessive ramping and other talks as if it's the end of the world and SP will fall like a stone. Both just desperately trying to push the SP in the direction that benefits them most. Everyone does this to some extent but these two in particular just a bit more vocal. Personally I think best to ignore and take your own view. My view - this will go on to test previous highs later in the year as the asset speaks for itself. However, I can see the SP drifting over the next few months until a plan is laid out and we know how big the cash raise will be to carrying out said plan. I'm almost convinced now that the recent run up was the result of an orchestrated P&D rather than anything more exciting such a a new investor. But time will tell.

Talks of a JV or buy out at this stage are extremely unlikely. They need to prove up the asset size first. I think we'll hear soon about plans to carry out geo work across the other two basins and then by end of Q1 we'll hear about the drilling campaign (likely across all 3 basins). As part of this we'll hear about the MOU with the drilling contractor. Note 'MOU' not contract. This is because HE1 will not be fully funded. So they'll announce the plan / MOU agreement and then raise probably for c.£15m. This is when I'll be buying post dilution.

I didnt buy Dai but will take a look this week coming. Gut feel - the whole point of the last RNS was to tee us up that seismic work/cost was coming in the other two basins. Personally I'm ok with that. Another c.£2-3m but properly opens up those two prospects/further reduces the drilling campaign. Gonna need more cash anyway so relaxed about the cost.

I think we'll see additional seismic work carried out in the other basins pre drilling Dai.

Possibly. Although equally wouldnt be surprised at all if this was all just retail. Time will tell. Agree with you this is going higher as we approach drilling in the second half of the year. I think we'll see more selling over the next few sessions though back into single figures most likely.

Not surprised to see what we're seeing today and fully expect more selling next week whilst this takes a well earnt breather. What this last week has proven though is that there is still a very strong retail following for this stock. Assuming everything goes to plan then no reason why it cant go and challenge previous highs later in the year once drilling starts.

Well. There is likely 6+ months until drilling starts and a raise will need to come before that. There will be a retrace from here for sure so be a little careful. Will go higher pre drill if all goes to plan.

Hold your nerve Dai. Expect we're nearing the top for now and then a drop back closer to 10p. If there is a single big investor building a position this drops v quickly once they've finished.

Same position Dai. Good luck to everyone riding the wave though. Genuinely pleased as it's been a tough time. Personally I'm expecting a pullback as we're too far out from drilling for this to be sustainable. Will look to get back in at c.10p if that comes. If it doesnt then that's fine too.

The broker notes suggested $3-5m per hole Dai

A little surprised at the SP move given no drilling until Q3. Feels v unlikely we'll get a shallow campaign now so Q3 for the deep drills. The last RNS suggests to me that they'll now embark on a seismic campaign in the other two basins. I think that was the point of the RNS to tee us up. This will likely be the next RNS. The drilling campaign then likely to include all 3 basins rather than risking all or nothing on Rukwa. End of Q1 to detail the campaign followed by a fund raise which will likely be 15-20m to cover a 5-6 hole campaign. Any raise unlikely to impact the SP too much given how much momentum is here.

Feels like the business is treading water and 'hoping' for something to happen. 2x years of Covid / accelerated move to online have certainly helped but I fear they'll now sink unless they get purchased. Still think the brand is good and would make a great bolt on for someone. Current holders would likely make money in this scenario with a purchase price above the current SP. But as a standalone..........I'm not convinced. Sorry.

Not sure what to make of the RNS. Sounds like more geo work required before targets are identified and drilling takes place. I thought the deep targets would have been identified from the recent 2d seismic?