Member Info for bbrinkw

Hey, thanks for the Brave info. LSE was getting ridiculous with ads, so much so I didn't use it as much. Now their all gone.Marvellous.

DEC anchored around 960p mark.

Awaiting quarter end results Monday coming.

How much faith do you have in Rusty who has gone into print and expects a significant rise in share price.

Well do you feel lucky, punter.

Go ahead, Rusty. Make my day.

Amount of capital required to deliver medium term plans is £31.434 million and a bridging loan of £3.5 million to ensure sufficient funds for Velocys to become effective. That is more or less £35 million needed for the company to succeed.

In its half year financial report issued in September, Velocys said it hired EcoEngineers to validate the reasonableness and accuracy of the life cycle assessment (LCA) of the proposed project. That analysis predicts the facility will be able to produce SAF with a deeply negative CI score of -389 grams of CO2 equivalent per megajoule (gCO2ei/MJ), which translates into a more than 500 percent carbon savings relative to fossil jet fuel.

There are 1,651,798,992 issued shares so Velocys need 2.1p per share to produce the fuel.

Should Velocys have asked if their shareholders could raise this money? 2.1p per share and say fixed priced warrants you could purchase after the company becomes a going concern.

I haven't time to go thro the offer again but is this the open offer where 80% is committed by CIG if it doesn't go well and also director/s are committed to purchase a fair chunk?

The money is needed for company growth and strengthen the balance sheet.

So vote yes let CIG & directors pay for it.

Put DEC into your SIPP and get 100 % dividend.

SRE new offer for share subscription closed the offer early today at 12:30.

A dividend of 0.030 was declared and to be paid on 24 January 2024 if registered at close off business 14 December 2023.

Dividend is a 11% increase on last year.

Ex dividend today hence the drop. Dividend to be paid is 22p ; todays sp drop is 19p.

Final & interim is 33p, so 8.6% annual yield. Not including the 13.5p special dividend paid in March this year.

From Auteco Minerals about purchase of Green Bay Cu & Au.

"“It is very rare for a copper asset of this size and grade with a resource of this magnitude and such immense growth potential to come up anywhere in the world, let alone in a tier-one mining location like the province of Newfoundland and Labrador."

Click on

"Share Discussion for Ocean Harvest T (OHT)"

then click the blue headline" Post Message " and away you go.

The plan - DEC to buyback about 10% of its shares and cancel them. The complete purchase not to average over £1 per share. The deadline for this is end of June 2024. Purchases so far amount to 200k (total amount to be around 97Million).

So, with less shares, expect the dividend to gradually increase and by 10% after June 2024.

Your figures are skewered as you have assumed that the cash dividend does not earn any money over the +6 years while the reinvested money still earns.

Research Analyst Oil & Gas at Peel Hunt recent site visit gives his view.

What impressed you the most during the site visit?

Employees (shareholders) exrtremely motivated to maximise value for DEC.

How does Diversified’s Smarter Asset Management (SAM) program maximise value from its asset base?

SAM is low cost, quick returns. Paybacks around 2 months.

Is Diversified on track to meet Greenhouse gas (GHG) emission targets? Reduced by 25% and 2030 target of 50% .

In what way do undeveloped locations, act as material catalysts for the business? They are organic catalysts which can add material value to DEC and may be monetised via sales/third party drilling.

With that in mind, what’s your view on the US$40m non-core asset sale? Shrewd piece of business. Paid for its Oklahoma and Texas acquisitions.

Finally, what’s your view on Diversified’s recent share buyback?

Given the current disconnect between the share price and the intrinsic value of the company, in our view the share buyback programme is a very sensible use of capital which will be highly value accretive to shareholders.

26.06.23 Non executive director purchased 100k share @ 38p.

Total holding 148.5k ordinary shares (0.12% of share capital)

eytan gives recap on portfolio of assets:

https://www.***************************/challenger-energy-group-in-a-great-position-country-and-with-large-upside-video/4121122069

The Company is pleased to announce that it is now in receipt of the signed and stamped High Court of Zimbabwe Order relating to the release of the historic parcel of 129,400 carats of Rough diamonds held in safe custody at the Reserve Bank of Zimbabwe (‘Historic Parcel’) and will now commence the process for the initiation of a lawful and transparent process for the release of the Historic Parcel into the Company’s possession.
Formula: Diamond Cost = Carat Weight * Price Per Carat
Price for 0.32 carat is 850$ per carat, 1.27 carat is 1800$ per carat & price for 3.04 carat is 4100$ per carat.

Weight of diamonds 25.880 kg

Why don't Samsung buy Nano ?
£322m equates to £1 a share.
Discount the money Samsung will have to pay in the settlement and it's not a bad price. This would protect Samsung's brand as no other competitor would be allowed to use QLED. Samsung has $100bn in cash reserve, waiting to be invested.

Somewhat disappointed in CNE over the years. Bottled out of the full payment form India and then some sort of auction for the shareholders.
However, with the NewMed combination there is a shareholder return of £1.60 and would generate £3bn in unlevered free cash flow over next 5 years from existing assets, with a shareholder distribution policy of at least 30%.

Oh,I remember it well. Bitterly dissappointed with their old boys act. Made me look for a good company with a high dividend (and found one). You are correct about the sp dropping when raising money, too.

"Dec is looking to purchase 85mn or roughly 10% of outstanding shares on top of the 10% dividend. So in essence Dec actual yield is closer to 20% - 10% dividend yield and 10% buyback yield. " !!!
Lets clear this up:
Company has 10m shares and declares £1m as a dividend, so 10p per share dividend. Company also says will buy back 10% of its total shares.
You hold 100 shares, so 100 x 10p = £10 dividend
Company buys back 10%, so 9m shares make up the company
Next dividend is declared at £1m but now 11.11p per share (same total dividend but less shares)

Company buying 10% of it's shares increases your dividend by 1.11p which is an 11.11% increase not 20% as purported.

BOD want Tullow Oil priced at x1 CNE for every 3.8 Tullow Oil. (CNE equivalent to 187.2p)
Tullow Oil sp 49.26p
CNE sp 231.4p
Proposed equity loss is 19% with present CNE share price.
Loss at 255p is 26%
Loss at 285p is 34%
Loss at 300p is 37%