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How does a rto add value to our mcap? We are at just under 1 million mcap right now. If we are rto by a company with mcap of say 10m (10*current mcap), what are the mechanics of transferring value to current holders. Thanks in advance

Is that your 15k buy?

I didn't see the transaction price. Was looking for a negative because those figures are good. It's not like stefan to make an astute investment.

Guys. Hate to say it but SD doesn't appear to be worth more than a couple of hundred k. Dec 18 accounts will tell you that. Market value = what the shares will achieve on the open market. We don't have one so I would not be listening to nigel.

SO usually releases a reactionary rns when Pen come to the market with Aje info. I know our results are not ready but we could put out a statement on the stabilised increased production levels. This is positive news ffs.

But we had a million booked in the first half of 2018. Roughly half of panoros full year income from the jv for 2018. So to me that says we earned most of our income in the first half of 2018, we certainly won't be booking another 1m of income, because that would put us on par with panoros stake. So unfortunately with high costs during 2018 our full year financials may have a few more quid of income to come (only a few) but a full 6months of cost for 18, and we know they were extremely high. Expect another shit show in the full year 18 results .. The good news is with increased production and lower costs the 2019 interims should look good. They come out about 3m after we report 2018 full year.

Perhaps it's still not our time toold. Our net income from jv was 968k for H1 18.

Hi Kentan. Increase in production rate is great news. We had a surging oil price last year as well so I suspect net income would have increased by a lot more than 80% given the higher profit level on a higher oil price. I will digest panoros Aje statements this evening .. Must admit this share has beaten the life out of me and I have barely been able to look at this bb for months. Must be the sunshine but I feel more optimistic.

I think it's the highest price the offerer has paid in the previous 12 months rather than the highest price paid

I don't know that will happen toold. I imagine there are stringent capital requirements before a share buy back can occur. Put it this way, we would need to purchase shares from the market at the prevailing market rate
We would also need the capital, not sure what equity lines they would pickup for this calculate but we currently have a retained earnings deficit of 27 million. So I expect that will need to be filled first. Without having had a look I rekon we also need a positive cash balance and positive retained earnings to pay out. So I rekon we need at least 40 million cumulative profit hitting the p&l before that happens. That is a long way off.

Super dielectrics. How do we value that investment? Will be interesting to see that on the balance sheet this year. Also would like to hear more about the asset level finance they are seeking. That's a big win to all jv partners because I assume it would be bank granted and mean no further dilution.

Hi mitch. The agm last year was around September from memory. I plan to go this year. I work close to mxos new office. I can't let stefan go any longer without a few questions... Mcco. The December 18 results must be published by the end of june 19, the half year to june 19 interims must be published by end of September 19. So by the time the agm rolls around we will have two more sets of results.

The real drag here, project finances are nit going to be resolved anytime soon. Per rns, these discussions will continue through H1 2019.

Nice step up there. Must be all those positive thoughts!

Penny & mitch. It was your decision to invest. Don't blame other pis for not waving the flag... Nonetheless I'm desperately thinking positive thoughts because mitch says it will help the share price. This is the real reason our sp has been languishing down here. We didn't have mitch's insight into the effects of positive thinking. Thanks mitch.

It's held at cost at 15 million on the balance sheet. Essentially the auditors say it's worth the amount we have invested site acquiring our share and nothing more. So all those lifts and capex bringing Aje 5 online etc has not added a penny of value.... The ope. Market thinks it's worth nothing of the sort. I mean an asset is worth what someone will pay you for it. So 2m is the current market cap. That's pretty rubbish value add stefan.

Almost like he has listened to disgruntled shareholders. Well done stefan, a step in the right direction. I need a penny to exit in profit.

Kentan. It's 100x less. Even worse!

Anyone else get fucked over on psl? Oh I know how to pick them

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