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If I have said it once I have said it a 1000 times, though this is the last. The company received £1170000 from PRG on March 1st. Not part of the £3.2m cash they had end of year or indeed the profits made since.

I own a good sized investment here and I have had no messages or contact on voting for anything

I agree an RNS is the only real source of information on this share. I would remind everyone though that the company has received a near £1.2m payment from PRG in March this year. Where is this money going too?

Apologies that should have read 250% return from £50m valuation, as one would retain one's shares in Obtala.

This may have been discussed here already but from what I have researched the in specie dividend points to the timber being floated as a separate company with shares paid to current investors. One would think that even at a £50m valuation (conservative considering the books currently state £103m and the board would be interrogated if they sold shareholder value off too cheap), we would realise a 150% return on our current investment. The timber revaluation one would believe is to enable the float price to be set, which would indicate there is greater value in it. This would also explain the further investment to maximise the spin off price. This will after all only happen once. I would think that after this year's progress the agriculture would justify the current market cap, and I ignoring the current 10% holding in paragon and the £4m or so in the bank. Very cheap currently and may stay that way until the divesting is announced. The valuation will give a clear indication of the value of the spin off.

Ok facts it is. Having now had time to read the accounts properly I see that the current cash position quite rightly does not take into account the final payment of £1170 000 from Titanium which was due in March 2015. A healthy sum of money for cash flows. I am confused however by the pro rata statement on losses in the shops. It seems pointless and must surely be incorrect as how would they know that sales would repro rata also. Unnecessary for me. A statement on current trading would have been proactive. Something management seem reluctant to do. They are clearly getting paid well enough Mr Scolaro and Mr Rollison.

Never thought this share would ever see these prices again. We will see by Friday what the companys ploy really is. If they have decided to divest the timber considerably, as in a majority sale, then this could go nuts from these low prices. I'll take an uplift in profits to start with first though, to give the SP real support.

Not selling gfb, merely moving over to my tax free ISA before results. .

PS the 35871 sell is my buy!! Real spread is 8.37 to buy and 8.25 to sell. . if you actually can of course!!

Trying to transfer some of my shares over to my isa. very difficult to sell at the moment. .

Noted a.k.a. My observation was more aimed at those who stay put but bemoan a situation thats clearly positive. i wonder why some investors bother. They would be better in a casino

I really don't understand the stress regarding the current SP. The board have just stated that they intend to divest the timber. An asset that has a minimum NPV currently of $140m. If the market hasn't yet reacted then so what, take advantage and top up, because you can be damn sure they will. All these shennanigans over sellers, rollovers whatever, will play out soon enough when they declare what it is they intend to do. If ever a share was screaming out buy me its this one. By all means one should be careful with ones investment choices and this is only my own personal opinion and you should DYOR. But my word, when crystal clear opportunities come along, grab them with both hands becasue they don't come along often. Divest put simply means revenue. If they sold the timber for just £26.3m, which by the way would lead to shareholder open revolt, that is 10p a share. Ignoring all the other assets, that equates to a near 25% profit on the current SP. Remember this is a company that has recently been paid nearly £3m by Paragon Diamonds. That alone is nearly 15% of the current valuation. Add to that the current fruit supply business, the LCS shops, Mama jos, the mango tree plantation, the lesotho cannery. . wakey wakey

Being a long term investor here I too like all investors deep down would have loved a show stopping set of results. The reality is this is unlikely. Traps board of directors play things safe. This can be seen clearly in their approach to the analysis of Athena reserves compared to Ithaca. It is not in the interest of the long term progress of the company to declare large profits when they are clearly building up a war chest for operator ship and future research and drilling. Declaring large profits now would only provide a temporary spike in the price and lead to unrealistic market expectation later dragging it back down again. Better to build the declared profit margin slowly, which is why I believe they will declare an increase in 2nd half profits once they know more about where Athena is heading in terms of returns and repairs and they have further security on costs associated with their other drills. Whats important now is that revenues were £16.9m in the first 6 months of this year compared to £0.2m in 2012. There is also another £7m plus they are still owed plus £5m in shares from IGas. Whether its declared as profit or not is irrelevant at this stage, its what they do with it. The company is consolidating, buying up control of what they believe to be the most potentially successful licenses and positioning themselves for opportunity, hence the £17m debt facility as back up. Unfortunately this does take time so a quick buck this is not but a very profitable buck it will undoubtedly be

I have been invested in this company for over a year now, with the initial investment hopeful that the 2013 drilling programme would be more of a success than it was. That said the company are pursuing several of these drills further and so the true value may still surprise us all in 2014. I remain invested because the company has spent this year consolidating its position and building up its war chest to pursue operatorship on an exciting drilling programme next year. Add to this the partnership with the big players on the tight reservoirs research plus the licenses they are still develop, plus the Trent East investment on a proven resource of gas and you can see that the opportunity for growth and profits is very strong indeed. It may be a slow rise to begin with but after tomorrows figures come out, this price should be left in the dark and distant past and if I could I would load up on this far more than I already have!!