Member Info for Bridgedogg1

Valsesn ‘everything I say is true’

You say nothing is being produced and customers are not receiving orders but also 7 trucks are leased delivering products to customers?

Owing a guy for a gearbox? Stealing fuel? What’s your agenda here?

The article is completely st odds with regulatory updates:

“So far in 2024 whilst implementing new management, procedures, procurement, replacing equipment and maintenance the Group was still able to maintain daily production around H1 2023 levels, with the sawmill averaging 37 m3/working day and in the veneer factory averaging 18 m3/working day. The operations are being readied for a planned major and sustainable increase to record levels in the second half of 2024.

The Company is completing final legal documentation for a new $5m trade finance facility on better terms than envisaged when provisionally announced in February 2024. Further announcements will be made in due course when the Company executes the trade finance facility. The Company is also exploring further working capital financing options to enable it to upgrade machinery, introduce a second shift, secure certification and for general purposes.

Sale of Mozambique Operations

Further to the statement dated 13 March 2024 and as part of its reorganization and focus on profitability, the Group has completed a Sale Agreement ("SA") for all the legal entities associated with its Mozambique operations to a local purchaser. These operations accounted for less than 1 per cent. of Group turnover and net assets for the year ended 31 December 2022. The consideration of $1.0m is payable in installments, through to mid-2030. There is also a sliding scale share of any follow-on sales proceeds of up to 80% of the uplift in value if on-sold by the buyer within two years of the SA date.“

There he goes again. The writer of these articles is clearly a trader, taking screen shots of the WBI chat board to back up their opinions. Could even be Valsen who joined a short time ago and only posted negatively on WBI.

In truth Valsen only has reference to an African newspaper article from 5 months ago. The author of the article clearly has an axe to grind and a lot has changed since then in any case. In 15 years I have yet to see any claim of 'contacts' made on LSE board bearing out.

So cheap but can see it drifting lower after those results. Growth companies are not supposed to have declining revenue.

Looks like this will bounce hard.

The price is very low relative to the last 12 months but how it is relative to the true value of the company remains to be seen. Until we get some sort of update clarifying the operational and financial position this is as close to uninvestible as it gets.

Need to wait for cash from raising, then wait on delivery of items

New here, checked the RNS vs previous, am I right that the cash burn is over £1M per month?

Never seen anything like the number of trades going through at 105p. Cant even tell is they are buys or sells.

Large delayed trades means one thing...

Infinity hasn't posted today after yesterdays advice?

"Selling now is just a stupid idea."

Reasing the RNS I dont think this is going to exceed 1,350 bopd

The comment: "Future production rates would likely be controlled to facilitate stable flows and maximise economics from the high condensate yield."

and

"Condensate yield averaged 180 barrels per 1,000 mscf produced and peaked at over 600 barrels of condensate per day."

There is a lot of 'peak production' and 'initial pressure' which is an attempt to paint a distorted picture of the test so far. I assume there was a decline in pressure due to the connectivity problem. Unless that can be resolved the well will produce at much lower levels. However its good news for the wider basin, but the market only cares about the current drill for now.

A few traders see a chance at 10% but the big money is still selling.

Bottom is close unless there is a placing.

The plans from the new ceo are very sensible, and very boring

“start in early August to work on the oil wells in Gonzales County, Texas”

“12.5% Overriding Royalty Interest ("ORI") on the Texan oil wells - City of Gonzales #1 well, Chalk Talk #1 well, Chalk Talk #4 well and Whistling Straits #5 well in Gonzales”

Chalk Talk #1: 161 - 410 bopd (600 barrels fluid pd)

Chalk Talk #4: up to 600bopd

Looks like global vision want to do it properly and maximise recovery thenselves, we made a bit of a hash of it considering the potential here. If the wells can be made to produce 600bopd then this will be very profitable.

For me they knew what they were doing and assumed that leveraging the company would force the gov to back the debt. Not a big ask with the contract in the pipeline but maybe the numbers didn’t add up.

There’s a huge amount of information in the company reports for those that want to read them. For me this is criminally under-valued, but I have bought in yet simply because u believe it’s going down to 90p before it recovers. That’s my safe target, but this should be £2+ already.

I wonder what constitutes 'commercial production' and whether Yanfolila even meets that criteria considering it has been loss making for years.