Member Info for B00oooM

i dunno, never heard of a term 'share reduction' lol

market cap for this is just too low. Didn't we pay $20 million just for Uitkomst.

As coal prices rise now that there are several covid vaccines, the SP will eventualy rise. just requires patience.

Production is increasing, so hopefully profits too. Anyone know the break even cor uitkomst.

thanks for that. I only read up to the 20% pay cut and got bored, lol. didnt go as far as the 50%.

hopefully that should mean CEO is getting around 80k. Assuming we have 10 more employees (god knows doing what) and on average 50k (god knows why) and no offices, that should only burn 50k per month.

There is just enough wiggle room for some extra cash burn for other operations.

Just enough to last until may/june 20201 without wressle.

thanks Joe. I got a bit carried away thinking 0.4 p ish in first qtr.

So it will be more like 0.1p or more depending on poo.

Even without any further aquisitions or farmout, current revenue streams are excellent.

u are one of the luckiest to have got that 70k bak. well done.

i note regarding mgt promises. You have made me worried now (not as happy as i was an hour ago Lol).

I suppose we will have to wait until the results in january.

bought some after reading the rns stating dividend of nearly 0.4 - 0.5p in early 2021.

why is market cap only £35 million for this company producing 10k boe and profits in the corner of around £10 million (assuming dividend of 30% which is £3 million approx).

All this at current oil prices. Should be at leat 10p. I suppose the market needs to see that dividend in writing. Rerate might be in january. happy to wait and collect div.

50% pay cut. where did u hear this

now they are getting that salary sitting at home. Although they took a 20% pay cut (i think), can they also claim money via the 'furlough' gov scheme ??? But that is only £2k per employee so wouodnt make a big difference to our rich direçtors

yep. i wish i had some extra cash. I woukd buy 100k shares of these. Reminds me of ithica energy. may buy some if my other stubborn shares rise. Dont mind if this stays here for a few days lol.

vaccine being readied.

oil will stabilise at 50.

net debt reduced by 500 million. Suggesting no need for any fundraise.

this is now a long term baby, £1.50 in 1-2 yearz.

but market maker would never give you sell price of 7.5p for such a large order when the spread was 7-9.

most like a buy order which is why the sp jumped and then you had lots of buys coming in at 7.9 ish.

most likely buys on 3rd nov. selling price was below 6.5p.

good to see that conviction. Insiderz clearly know something.

some buyers realising that increased production will bring in more cash along with the remaining stockpile.

25p to be tested as that was roughly SP before lockdown

10 years ago they required around $300 million to develop makhado.

today only $30 million.

definitely going to get done with this amount.

sorted!!!

also up 20% on jse.

hope that they learnt a valueable lesson ... dont trust any businesses offering support. Why not go back to the old investors that provided the 0.9 million.

Anyway, dont understand why SP dropped on that news. They still have $3.5 million available from the IDC in august and that mini fundraise.

yeah

its not the first time they raised money. Remember in Coal of africa times, they raised whooping £35 million at 7p while the SP was 2p ish. (Mr brown spent all that)
This is valued at 10 million.
$9 million is peanuts or £7 million.
This will easily do £40 milloon mcap as soon as the mm sniff some funding news . lol

certainly a bargain at this price.
wressle is coming online guaranteed. What is the reason for failure.
£800k cash still on hand. Do EOG pay for 30% of wressle development???

They have used £700k out of £1.5 million at beginning of feb 2020.

That shoud last to approx march 2021 whith london office terminated.

As long as wressle is coming up by end of the year, i dont see any cash crisis.

I wonder if 2021 will be the year for EOG, especially if they can get the onshore gas, then we'll be looking at 20p share.