Member Info for Bismarck

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https://*********************/companies/uk/diversified-energy-company-plc/research/zeus-capital/diversified-energy-dec-ln-initiation-energy-optimised-buy/74d20430-5a9b-4d4d-bc02-9e9019e6f73d

A lesson here....

Don't follow rampers, especially in highly speculative aim miners....

Bpat, Lew and Bushy all have blood on their hands in that regard.....I'm surprised Bushy has not crawled under a rock by now....

I lost a little here, about 25% of my investment in Hum, but made more than enough elsewhere to compensate. I also had the sense to exit well before the end and learned a hell of a lot......

A lesson for all......generally speaking, avoid aim, avoid junior miners, avoid Africa......and above all ... avoid advice from people on chat boards....

Many others here were far more foolish than I, holding on to the end, practically loosing their shirts.........apart from the last 2.6p, which is a pittance for most....

There are clearly exceptions in AIM and even in Africa....some profitable, well run companies with a history of success...with no debt or minimal debt may be worth a look, such as THX, SRB, SQZ, PAF, THS to name a few.

Never again will I invest in an AIM listed company without at least 3 years of solid profit.........and I would urge others to follow a similar investment rule....

GLA

The divi had to be cut last year because there was insufficient FCF to pay off debt, interest and sustain the divi's at the level it was at.

As I recall it had risen above 40% FCF, which had dropped significantly, mainly due to lower hedged gas prices. It was plain to see for anyone who looked at the numbers for FCF, debt/interest and divi payments that something had to change.

Looking back at historic gas price VS DEC SP for past 4 years.....

In VERY broad terms, the mode gas price has been around $3 and mode SP >£20

The SP is now ~£14 and gas price $3.7

So still plenty of upside in SP to come with gas price sustained at these levels IMO

Post from GG in November when SP was £9.82

"Everyone should be filling their boots at this price, results on Tuesday are going to be amazing, even I'm going to be impressed, and I'll be begging forgiveness for getting it so wrong this past two years. To infinity, and beyond !!!. 🚀😉"

Yep, his sarcastic post was actually correct, everyone certainly SHOULD have been filling their boots!!!!!

I've been watching this for a while and I'm looking for an entry point too. I know the sell off here is not just about their issues that have caused the profit warnings, but also a wider sell off of housebuilder's which started at the end of the summer. However, a ~60% drop in SP from the peak this summer does seem overdone to me.

Nice to see at least one share in the blue today when most of my others are 2 or 3% down!

Sorry, I wish it was 25.6p !

just 2.56p unfortunately

Last one I got $0.36 less 10% X 0.79 exchange rate = 25.6p

Nice to break the £13 at long last. Hopefully upwards from here on with the increasing gas price !!

Those who panicked and sold out yesterday will be regretting their hasty decision now I'm sure

GG, Here's another accounting scandal related to DEC ...

https://en.wikipedia.org/wiki/Enron_scandal

Last post 5 November, when SP was under a tenner.

Conspicuous by his absence!

The divi was cut because FCF dropped, mainly as a result of lower hedged gas prices, simples, Basic arithmetic I did in the months prior to the divi cut demonstrated to me that it was unsustainable and I was sure it was coming. Nothing to do with SP or % yield.

They have moved the threshold for what they consider to be commercial production from 2000 to 2500oz per week (average for 4 weeks) to 1900oz average. Measured against the previous benchmark they have yet to reach commercial production.

You've obviously not been reading the 8.3's Bob

It matters not whether coal is desirable or not in India if II's in the UK are selling their London listed shares because coal is an undesirable investment in the UK.

I've been hit by one bullet in AIM but dodged two others before they hit me, one being OPG.

Who would buy out OPG at anything more than a tiny fraction of NAV?

Glad I got out when I did.......If I was still invested I'd get out now before it's too late...

For the sake of those still holding I really hope I'm wrong.

Aim is risky

India is risky

Coal is undesirable

Hence OPG SP is where it is......10% of NAV

At around £14 I'll have broken even, including divis. If/when it continues past £15 I'll reduce my holding to a more sensible level as I bought quite a lot to average down during the lows at the beginning of this year.