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Well at least PSL is doing better than the numerous AIM outfits that are now in suspension for not making the target date for release of results.

Just a pity my holding is about 35% down though.

Still as we all know just one contract could send the shareprice up by several times so at least there is hope here.

I just can't believe that I've missed the rise on here twice now.

First time I was watching this waiting to get in at about 0.60p and then it took off early with the Newmount or was it Newcrest potential buy out and this time I've been caught napping too. I don't believe in buying in after a share has already doubled or trebled so I shall have to sit this rise out again. I'm not too worried though as I have a big holding of that other very popular AIM share which as going very well too and (yet to rise as much as this has).

ATB

Don't say that I didn't predict this result after the last RNS.

Just desperation now by DW (in the absence of PW) to even wildly pretend they could ever get a farm-in partner to pay for a horizontal drill and even if they did - which is very unlikely - then 88E will be straight down to something between 25% (optimistic) and 15% of their unconventional acreage. Let's face it the unconventional in Alaska is a total no-goer.

However all is not lost for shareholders as they have a lifeline from the Great Bear farm-in, which is a cheap way of getting a conventional prospect drilled, as well as the more distant possibility of getting farm-ins to their own conventional acreage, though at a cost to their holdings. Great Bear are down to 10% holding (from about 90%) which will revert to 20% if they pay their full share of the drill costs.

"James McKenzie, CEO of PhotonStar, said:

I believe that 2017 was a crucial year for the Group's future as a software and services business. At the beginning of 2018 we announced the sale of our Camtronics Vale Ltd group company to certain members of the Camtronics management team. This represented a further step along the path of the Group's transformation into a software and services business. We then released the v2 halcyon cloudBMS software in May 2018, which we believe will allow the Group to progress beyond the various single site trials that we currently have in place and roll-out halcyon across multiple sites, as a solution to customers' operational and cost problems. The cloud-based compliance reporting, IoT data analytics and fault notifications will mean that, once the system is installed, site visits should be reduced to essential maintenance work. This should offer compelling cost savings for building owners, primarily by reducing the number of site visits by up to 90% in commercial buildings. This software release was a major milestone for the Group and I would like to thank our customers and shareholders for their patience and continued support over the last year.

The success of both the trials for v2 halcyon cloudBMS and the control platform, halcyonPRO2™ represent significant developments for PhotonStar and highlight the Group's future growth prospects. The v2 cloudBMS software has been well received and the Group is currently making good commercial progress. I look forward to providing shareholders with further updates in due course."

This is all very well BUT WHERE ARE THE ORDERS.

Well there they are. Exactly the same as those given in the trading update in January. Nothing particularly to worry about, especially as the shareprice dropped in January from 0.80p to about 0.50p when these pretty average figures were first released. Right now we cannot even get back to the placing price.

Be nice to stay above 2p for the day now.

There isn't a lot of risk here or reason to sell at these levels. Unlike some drills, where the result is often make or break and the difference between huge upside or bust, Horse Hill has already flowed from all three levels that are going to long term tested. That makes this basically risk-free.

I think that too many people have bought in here over the past year at a subdued SP and now just want to sell and take some profit.

None available so the MM's will have to take the shareprice up fast.

Huge rise due. At least 100%. Revenue and profits up enormously.

Results need to be out by 8.00am before the market opens and if not the share will be suspended until the results are published.

Well at least we should get some more precise info and timelines within the Chairman's Address in the morning. That'll be good as we haven't had much in the way of detail so far.

Yes I was just working that out as I was posting. Interims tomorrow then.

Looks like the Interim Results for 6 months ending 31st March 2018 will be out before the end of June. Interims have to be released within 3 months of the period end. 30th June last year but that's Saturday so they'll have to be out tomorrow.

It'll be interesting to see how much cash they have - and how much they've spent.

I feel today was all about getting past 1.5p anyway. Next step 2p.

There were only 2 major resistance points in last years rise - at 2.5p and 4p. Otherwise it was just one big rise.

There have been £2M worth of loan notes converted in the last 10 days so with only £1.75M still left these could all be converted and gone in less than 2 weeks.

Got to laugh at some of the posters selling already and calling this as a pump and dump. The testing is only 1 day in so far. Long way to go - and a lot of upside to get back to previous highs..............

ATB

I'll try that again.

Excerpt from the Trading Update:

"The Group continues to see strong interest in its halcyon products and services and management remain confident about the market potential for halcyonPRO2TM and its halcyon cloudBMS platform. Management had expected that the various client trials of these systems would result in a progression to full roll out with those clients during the course of the second half of 2017. However, the modifications to the systems that have been identified in the trials that were installed during 2017 have taken significantly longer to put in place than management initially expected and consequently full roll outs of the halcyon product and services have been delayed.

PhotonStar continues to work in a highly constructive manner with a number of clients who anticipate that roll outs of the system will begin shortly, but the Group and the clients want to ensure that the modifications are successfully completed and tested before a full roll out begins. PhotonStar is collaboratively working with clients who operate in a number of industry sectors including student accommodation provision, pub chains, restaurant and other food outlet chains and housing associations. The Group now expects that the full roll outs will commence in the first half of 2018 and management look forward to providing shareholders with further updates as appropriate."

Unfortunately no full roll outs have turned up during the 1st half of 2018 hence the shareprice. However even just 1 deal could change things dramatically. Just a matter of time.

Excerpt from the Trading Update:<br /><br />"The Group continues to see strong interest in its halcyon products and services and management remain confident about the market potential for halcyonPRO2TM and its halcyon cloudBMS platform. Management had expected that the various client trials of these systems would result in a progression to full roll out with those clients during the course of the second half of 2017. However, the modifications to the systems that have been identified in the trials that were installed during 2017 have taken significantly longer to put in place than management initially expected and consequently full roll outs of the halcyon product and services have been delayed. <br /><br />PhotonStar continues to work in a highly constructive manner with a number of clients who anticipate that roll outs of the system will begin shortly, but the Group and the clients want to ensure that the modifications are successfully completed and tested before a full roll out begins. PhotonStar is collaboratively working with clients who operate in a number of industry sectors including student accommodation provision, pub chains, restaurant and other food outlet chains and housing associations. The Group now expects that the full roll outs will commence in the first half of 2018 and management look forward to providing shareholders with further updates as appropriate."<br /><br />Unfortunately no full roll outs have turned up during the 1st half of 2018 hence the shareprice. However even just 1 deal could change things dramatically. Just a matter of time.<br /><br />

The year end Trading Update issued on 30th January 2018 (link below) outlines the main aspects of the results. I doubt they will be much different from this.

https://www.investegate.co.uk/photonstar-led-group--psl-/rns/trading-update/201801301430013632D/

The Great Bear concessions to get drill partners are real and very recent. There is no reason that 88E will do any better. They might even end up with a similar 10% ownership for the cost of just one well.