RE: CUDA revenue in our pockets direct from March 1st21 Apr 2022 17:56
So it means we'll get one months of CUDA revenue in the quartely financials and with methane only injection we'll turn a profit for this quarter when released May 16th. Also the report to look forward too.
BTW I have filtered 4 guys as they add no value in discussion and will either be gone soon or will shut up when we start going up
Art didn't say but logically i'd say they owed us for their share of the injection and any attributed costs and engineering works etc. The bridge loan is $20M and more than covers the cash buy execution. I guesstimate $28-30M all told (say £25M) - we were in the driving seat cos they owed us say $8-$10M. What a steal lol.
Undervalued yes - quite an understatement. Now armed with a big cash pile as well as CUDA. Last year money was invested on site to optimise the injection blend (now pure methane) and extra time and cash spent on the deep discovery well - thank goodness they did otherwise they may/probably would have missed it. They now know the field very well indeed (geology etc) and understand how to fix the plant pressure. The CPR to get the message to the market is literally weeks away and not priced in whatsoever. GLA genuine holders
35M traded since placing announcement already (that's 70% of the 49M). Plenty of interest and no doubt those that missed out on the placing have been buying and big as the opportunity is eye catching and not surprise really at such a discount. We know a lot had already foward sold on it's way down from 37p. We now have the tools and news flow to really to transform. At £50M so little is priced in. Bummed but not out lol