Member Info for bigmj

Hi, I have still been lurking here from time to time , hope you are well. Yes been here from the dark days with ritson, then kept and his lies but now I think we have the right person in Eytan and I might actually end up with my money back at least, bearing in mind I was so far under water , it feels good to be in this position now . Yes we will need some luck but the amount of misfortune and. Mismanagement we have had over the years, we are due a change

You can add my 2.92% to this list if you want (7,287,422), my form 8.3 should land today

I am holding just under 3% here and am a very long term holder, despite massively averaging down, I am still massively underwater here. Having met Eytan many times, I have been impressed with him and he has definitely saved this company. Whilst on the face of it, the deal look undervalued for us, its difficult to fully asses due to the daily movements in both companies SP's. The best way to look at it, is more in the relation to the % of the company our shareholders will own and on that basis 25% seems pretty fair. If we were getting taken out for cash at this value, i would be very unhappy, however I can see the rationale in this deal and am happy to support it. For me BE is around 50p, so still a long way to go but im feeling a lot more confident now than I was a few years ago after the failed drill

Lovely RNS, amazing company, just gave notice and sent payment for my warrants :-) (3,333,333 £99,999) Happy days, looking forward to the coming newsflow

Thanks, yes feeling very confident here.

0.5% is a very nice holdings, congrats, we will both look forward to celebrating as the SP rises in the coming months, next few years

I will be shortly exercising my 3,333,333 3p warrants, I always wait until the last minute, no gain in doing them early

I had a lovely lunch with Rupert yesterday , he is extremely

Knowledgeable and confident about this business . I will be very happy to exercise my warrants as I know we are in safe hands

Body language is very important to me , they can of course only talk about things in the public domain but face to face is always good to be able to read between the lines .

I have met with them for lunch before and both filled me with great confidence , hence why I took part in the next placing and why I haven’t sold a single share yet

I Like the way they interact with share holders

I cant make it either but am having lunch with Rupert & David later this month anyway

The coming months should bring lots of regular news flow, in my opinion a really exciting time to be a shareholder here.

I tend to only exercise warrants when I am either ready to sell them or they are due to lapse, otherwise defeats the point of warrants. At this moment I have no intention of seeking any of my shares here, I like the project and have a great respect for the board, if this ever changes then of course I will reconsider .

I have many friends who trade and tend to use a similar strategy with warrants. Sometimes if they are due to expire I may sell some shares to cover the conversion costs but unlikely to do that here

Of course I expect to exercise these . As for MC I would expect to get see £150 within the next 12-18months and longer term north of £200m once they fully prove everything works as it should

3,333,333 warrants exercise 3p, expiry 26/10/25 (see prospectus 21 Oct 2022)

4,347,826 warrants exercise 2.3p, expiry 02/12/26

I hold 23m shares and 7m warrants, I have no intention of selling anytime soon. MC still looks very low for the opportunity here and the times I have met the board they seem genuine and very knowledgeable guys

100% agree, I would never invest in any RP business, was a TR1 in PCGE after what I learned, I would never get involved in his companies again

I wouldnt touch any busienss run by RP, every busienss he is involved in gets sucked dry with expenses and lots of empty promises, to fund is extravagent lkife style

Thats correct, I too work in a regulated industry and always hate when that exact thing happens or worse the client makes a complaint which doesnt have any merit, we win the case but have to pay £650. You get a certain amount of free ones each year but in these circumstasnces those will be burned through very quickly.

of course the money goes back to the FOS, who says that turkeys dont vote for xmas!

Out of interest what were the highest and lowest guesses (excluding any joke ones people may have posted)

No doubt you all saw this from the FCA:-

“So, we will confirm whether we will consult on a redress scheme before markets open on Monday 4 August”

Good to get this answer before the markets open on Monday, then nothing stopping the SP shooting Jo to where it should be, hopefully CBG can quickly quantify the likely cost of any compensation, I’m guessing it will be around £150m max

I bought £250k at £2.20, my view was always that a fair SP immediately post SC outcome would initially be circa £4.50, with a reasonable SC outcome, this is why I sold half last Friday when the SP reached £4.60. I still think it will most likely be around the £4.50 level on Monday unless the SC result is massively different to what I expect. I am very comfortable with continuing to hold, as my remaining shares (over half of my original holding) are essentially a free ride now. If I got my timing wrong and it goes straight to £8 , I still wouldn't be unhappy and if its goes bad my initial investment is fully protected now. Good luck everyone, whatever strategy you decide on.