Member Info for BubbaBubbaBubba

No liquidity to buy back shares

I never got a response back from the board need a solid trading update mate

Bis - Feels like someone else acquiring a position

I've emailed the board the following 4 questions ill let you know if I get a response

1) Is there any update on the sale of the solar assets as it has been over a year since the company put them up for sale and with the NCD due to be paid back we could do with the extra liquidity?

2) If coal prices stay high, is there a situation where you put the coal power plant up for sale as it isn't financially viable to run it? or the whole company for that matter?

3) Is there an update on the renewable agenda for the future of the company such as green hydrogen, blue hydrogen or wind?

4) The new 5% holders of the company, seem to have tried to unlock shareholder value at Block energy last year to no avail, are you willing to work with them if they called a general meeting and tried to help you increase the value of the company?

If its the same firm as the block energy activists they waited 3 months before requesting a general meeting If the share price doesn't go up

Research what they did to block energy, looks like the same people

The only reason you would buy 5% of the company is to request a general meeting to either remove the board or to unlock shareholder value

But I don't think they have a chance with Gupta family holding 50% of shares

Read about block energy there the same people i think we should see that they have to say as block energy share price has tanked 80% since they tried to intervene in the company

Give me half of book take it, give share holders 100% ROI and run to renewable safety

Gotta be realistic mate

It's a bogstandard coal power plant nothing special, companies aren't going to premium prices

Need to move into renewables

Cos they set the benchmark at $300 usd for December

So I'm unsure how there forecasting $60 usd

Where have they got them figures from?

Or is that a projection?

Gotta sell the power plant to adani don't see us getting close to even 20p a share even with 15 million plus ebit

I like the pie charts and graphs

Bond holders got a good deal here

Fulcrum got a year to pay back a chunky loan or if they dont the bond holders get shares at a 50% discount

Be careful here high risk high reward scenario

You're knackered if the contracts don't pick up

We'd need coal at 50 quid a ton for that to happen mate unlikely unfortunately

Debt would be at a 12% interest rate, they wont fund buybacks with debt but you never know

Financing isn't in place mate, they will raise more debt soon, don't see them buying back shares

I'd them rather them focus on hydrogen projects

Probs see tomz morning

Both were a sell mate I think it's m&g

How did they find a buyer?

Don't think there is a background seller of big size, probs be a market marker

Guptas own half and he has to say if he's sold or bought anything

They must be down millions when you think about it when you look at IPO price

Update due in early feb, my expectation it will be the same as the past 2 announcements high coal prices and low generation