Member Info for Bridgedogg1

Rather than drill looks like cut costs and slowly pay down debt. With the current wells that’s not going to be much. At best it’s going to be boring for a while, worst it’s a big discounted placing.

If we can get past 1.5p early doors we may see 2p before close.

GLA

Have to put that due to the reliance on £400k platings every 3 months to keep things ticking over. £2.7m admin expenses for a company that just invests in other companies (that generate £200k p.a combined) seems like a lot.

Just a little pump, been at it for days. I’m waiting for the real news

I wouldn't quite call it dumping, share price hasnt moved since the conditional shares were added, much lower levels of selling than expected.

Turner pope report 46% reduction in tern’s net asset value

Still seems very expensive

Buying interest seems to be picking up. We’ve had done solid churning, got to assume most have decided to holding placing and OO shares, and why not? Around £1.5m of cash to be returned from excess requests not fulfilled may provide the boost we need to get this moving.

What’s a $5m share issue going to do to the price of a £6m mcap with £2m convertible loan notes in the background?

Don’t forget the £250k overheads and no income

Still worth £40m so a long way to drop and plenty of scope for placings

Not so strangely if you think about it:

Name Role Appointed

Brian Moritz Non-Executive Chairman 3 October 2016

Andrew Prelea Chief Executive Officer 1 March 2018

Roy Tucker Non-Executive Director 5 April 2005

Paul Fletcher Finance Director 6 November 2019

Craig Harvey Chief Operating Officer 1 March 2018 (resigned 3 March 2023)

Nick Hatch Non-Executive Director 9 May 2018

Nigel Wyatt Non-Executive Director 23 August 2021

Andrew Hall Commercial Director 6 December 2021

Share Appreciation Rights Scheme

Award during period 2023: 86,000,000 shares

Director remuneration: Total £951k

The Company has developed a practice of deferring payment of varying proportions of sums earned by Directors

until the Company liquidity position improves. As at 30 April 2023 a total of US$1,052,484 was owed to Directors.

Staff costs (including directors): US$7,864,000

Revenue $3,720 3,781

Cost of sales £8,402,000

Gross loss $4,682,000

Overhead expenses $3,454,000

This company is a black hole for cash that even mystery diamonds cant fill IMO

Yes frustrating but assume it will all come in the final report

People need to remember there is no blueprint for what we are doing. This is in house tech and the scaling up of the manufacturing is inevitably going to come with some trial and error.

Standard Char reaction to good news

I'm not sure change of name qualifies as an 'Operational Update'?

...and that's confirmation that all open offer and placing shares have now been added. I cant yet see my allocation on IG though.

As the dust settles a nice operational update would be welcome.

Been waiting a long time for this, hopefully it wont drop like it did after the farm out.

The last week before the results with an update on strategy and cash.

We've got a new significant holder: kave sigaroudinia > 3%

An Investment manager at baillie gifford - UK Equities Head of Research

Clear sign of how undervalued this at the moment.