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Financing pushed forward as usual, John Wood fails to deliver
£83k of revenue wtf?
Both Astaris Capital Management and Helikon increased their short following Wednesday trading update, Marshall Wace lowered it slightly. In aggregate the hedge fund shorters increased their shorts, so no panic among shorts, they still expect it to go much lower.
The company is on a clear marketing campaign here, question is when is the equity raise coming? Days / weeks?
Todays RNS
"Near-term focus remains on strengthening the balance sheet with ongoing review of strategic and financial options."
The interim's are due before end of the year. What are the expectations for revenue?
I think these reported short doesn’t mean much either way, at the current market cap. The market cap is now £110m, so Marshall Wave 0.9% short position is worth £0.9m or GLG 0.68% position is worth £0.7m. Marshall Wace AUM is $64bn and GLG $24bn, these £0.9-0.7m shorts are a completely meaningless position for these funds, its not even a rounding error.
NoOneKnows,
You need to review your numbers. Zephyr has realized app WTI - $15, so currently $58. The lower realized is because 3% of production is natural gas and 6% NGL where the realized price is considerably lower. Then the Williston crude trades on a discount to WTI.
Then you need to deduct:
-> $13/boe in cash operating cost.
-> $5/boe in cash royalty
Which gives you EBITDA of $40/boe ($58-13-5=40)
TXP is supposed to provide guidance for 2023 next week, what are the expectations?
What are the expectations for the updated Mineral Resource Estimate coming out in the next weeks?
Strightntrue,
Thanks for the straight and true compliment
I guess JR will sell the 769m shares in the market now, when they have been issued, that is a wall of selling.
Where can I find the resolutions for Thursdays AGM?
Looks like cash position getting tight
https://twitter.com/ShareCounting83/status/1732066847854354434
Good points
Revenue guidance reduced.
Plenty of selling suddenly, have anyone seen any news?
Without higher tin price and/or significant lithium production, they are far away from making any real money. Lets see what they are saying on the webcast.
Unfortunately, I don't read this article as positive. They are reviewing restructuring options that is in not great. In the interim report the company wrote that the bond repayment in May 2024, would be done with existing cash and with the loan from Roger De Haan. This article makes it sound like that plan is not going ahead anymore.
Motorpoint paints a weak market outlook and with dropping used car prices, not great for VTU