Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
No Carrot, it is not ridiculing Adrian, I see it as more a compliment !!! and he is simply a victim of his own stupidity, nothing more, nothing less.
It'll be preparing it's self for that spike that Adrian is waiting for, just that he failed to point out that it needs to drop another 10-15% before it can spike up from the new lows.
Confetti is the future !!! according to Steve !! ohhh and Adrian
"""PPP Penpetro Energy. UKOG Horsehill farm in parters share price is up 35% in a waeek ;)"""
Haaaa hAAAA haaaa,,, really,,, what you fail to also state is that PPP has dropped massively in the last month, from over 2p down to as low 0.6p pmsl.... another Leni "laughing" gas specialist lol....
Welks,
I am not trying to convince anyone, Ocelot speculated that I had not watched it, and I have not, I couldn't give a fluck about pumpy webcasts etc,,, they have little to zero value.
I will let you know first, IF & WHEN I do punt this in the future lol.... as it stands right now, not a hope in hell until they state something factual regarding forward plans and funding for it.
NEXT !!!
To each his own, Bubblepoint.
Personally, I appreciate their efforts to communicate with investors and believe investor relations are important.
Personally, I appreciate it MORE when a company actually creates UPSIDE for it's retail punters, not simply undermine what they have to facilitate themselves. as said, actions speak louder than words, and there is a severe lack of real action, or even a decent plan.
AND there goes the 10% lol......
Something definitely brewing !!!! a lot of trades flying through now !! and of modest sizes too.
Lol OP,,,, stay with it, your points are more than valid, and I am sure you will (as I will) change your view/tone WHEN the company changes theirs !!
Nm
Ocelot,
I am not interested in words, they are "cheap", when they come up with a PROPER factual/actual plan that has timelines and funding method attached etc then I will listen/read their spiel, not interested in cheap nonsense, they are reserved for the more gullible.
I don't know about "rerate" there might be a few peaks n troughs for the foreseeable, and I have not seen anything from them on "growth" prospects, only really efforts that hopefully maintain the same as now....
As for sentiment, well THEY killed it, not posters on here, you cannot argue with facts and reality.
Herbert enters Dragons Den,
We are owners of a depleted gas field, that had a good plan of action 3 years ago, we knew the problems.
We had historic info to help us develop a forward plan with good design and Capex.
We are now in production, have been for nearly 2 years.
We invite you to invest £1m for 1% of the company, because we believe it is worth £100m +
Peter: Soooo lets look at the development timeline, did you stick to your plan A ?? ermmm NOPE,,, or leader guffed it trying short cuts, it took 4 X longer to drill a simple sidetrack and cost ermmmm a LOT !!!
Ok, did you at least achieve your target ??? Ermmmm well we did ermmm manage to drill the hole, bit shorter than planned, ermmm like 70% shorter and a bit gunked up too.
OK, so did you at least bring it all in on budget ?? Ermmmm nahhhhh we ripped investors a new bumhole, by throwing out another 3.7 BILLION shares to this point, Ohhhh and we had to consolidate some ermmmm really bad debt, and a crappy hedgy thing with a really bad royalty thingy attached.
OK !! so how much have you had through your hands todate since starting this project, including revenues ? Ermmmm probbbbbbabbbbly about £70m give or take !!!
OK, and the debt ?? did you clear it with all this money swilling around ?? ermmmm no not really, we kept it going, now just a mere £20m owed over the next 6 years.
OK,,, AND how much do you plan to spend on forward NEEDED capex ?? ermmmmmm shedloads,,, probably another £15-20m to upgrade compressor/booster, run new velocity string/s, drill a couple wells etc etc.
OK, and will the do something good for production & revenues ??? ermmmm probably not, at best it might maintain current levels for a few years, at least until the loan is paid off !!
Soooooooo OK,,, and this great royalty deal from the past, is that closed off ??? nahhhh sorry, they want their cream !!
OK !!! so looking at the big picture, I see NOWT in this for me !!! just risk and almost nailed on NO reward.... I'M OUT !!!
You get the drift Ocelot !!!
Yeah Space between the ears !!! Helloooo ADRIAN lol...... tick tockkkkkkkkkkkkkkkkkkkkkkkkkkkk
-pa^{2} + \left ( ci \times n_{e} \right )^{\delta }
the equation for the perfect bull**** marketing equation
(rendered in \latex to make it look more sciency).
but to keep it simple, capex this, ebita that, opex the other, a bit of debt here, there, everywhere, some silent but violent hedgy things, a few promises of great things to come still will only equal 1.3rd of a penny a share !! polish it with whatever you want it doesn't shine through.
You forget to include the HUGE CAPEX requirement for the next 2-3 years, which will squeeze, yes SQUEEZE every last penny out of the pot and revenues, leaving nowt !!! simplzzzzzzzz
""Saying, all of that,BP, there could be flesh still left on the bone & that some may not have considered""
Are you referring to SLBY specifically Patrick ?
Investors don't necessarily invest on the basis of the number of shares they buy, they can invest on the basis of the size of the investment measured in £s.
Ehhhh !!! ermmm I will stick with my approach lol !!! SLBY is worthless to RETAIL and will continue to be so for a long time to come !! So on that note !!!!!!!!!! you know the rest lol./.
A SQUEEZE !!!!! ferk meeeee,,, there are 4.3 BILLION of these puppies in issue,,, lol
Nothing that special Patrick, they went with light mud weight and it bit them in the bum, they then had to resort to a heavy mud weight to keep the wellbore condition adequate to continue drilling, which worked to a degree, BUT still resulted in only drilling just over a third of the desired horizontal leg.
Bottom line is it will always be difficult to maintain hole conditions, and they suffered after the well was completed with the clean up, meaning the wellbore in reservoir suffered "some" skin damage from the use of the weighted muds they ended up using, so that likely also reduced the productivity from the 1/3rd horizontal leg by a chunk too. meaning at best it is realistically about 25% of the original planned horizontal that is producing.
They can do much better next time, simply STICK to plan A, and don't try to be clever as GL tried too, and it cost 3 X what it should have.
Details of forthcoming judgments will usually be announced here on Thursdays at 11am.
All a bit pointless really, it is now akin to taking a vagrant to court for blocking your doorway !!!