Member Info for bradis

I did notice that the RNS for the conference call didn’t have that line in it this time: “No new material information will be presented in the call.” Just maybe we’ll have some news.

The share price is now hitting new lows. A real kick in the teeth for LTH’s who have kept the faith for so long and invested their hard earned here. Truly hoping the new BoD manages to pull that rabbit out of the hat in time for the shareholder call. Otherwise what really is the point of this company other than a means to pay the BoD a grossly inflated salary in return for delivering absolutely nothing back to shareholders.

Such small sells - like watching a tap drip very slowly

And 6 independent expert opinions stated an EIA wasn’t necessary...

Well if you can’t beat ‘em, join ‘em. Good opportunity to average down now IMHO.

We are still below the placing price, so it’s good value buying now.

That’s obviously taken weeks/months to acquire a position of that size.

Could be a damned sight worse, like being invested in SXX with the company having to cancel a £500m bond issue and the government refusing to step in. At least we have secured funds. That in itself is an achievement.

I'll be the first to admit that I was pretty bamboozled by this complex finance arrangement.

Also to add to your summary, they have a £420,000 loan repayable in a year with interest @10%, with a further £420k available to be drawn down over the next 12 months.

These are ambitious financial commitments - why would the company tie itself into a loan with quite a high interest rate IMO if they weren't confident of significantly increasing revenue over the next year?

No doubt it will be raised on the call, but just stating the obvious.

@FlagStaffIR, will be keen to know when the current BOD intend to invest a substantial amount of their own money (rather than options) and buy shares in their own company.

The compressor isn’t happening. Legal costs, cost of the 3D seismic survey. Pretty obvious where it’s being spent?

I see you’re over on SXX, Stockdale. Hope you haven’t been too badly burned there.

Loads of buys so far

Being quoted more to sell than I am to buy?

6m and 7m buys

I suppose the SP is doomed to stay where it is until more material positive news is released on the seismics.

I expect them to be positive though, why else would we have been able to secure financing?

“ During the period, we commissioned a report from the reprocessing of the data from a 3D seismic survey to establish what other conventional oil and gas reservoirs we could target within the large Petišovci license that covers 3,592 hectares and contains some 148 historical well site locations drilled since the 1940's. We have now received this report and our initial interpretation of it is highly encouraging and, over the next 6 weeks or so and together with our partner Geoenergo, we will be evaluating and prioritising potential shallow conventional oil and gas targets and associated well site locations.”

Shareholder called scheduled for October 2019.

Could it be that there is a lot of data to interpret ;-)

Not surprised I'm number one - been posting here since 2016.

Or perhaps “How to make friends and influence people” by Dale Carnegie?