Member Info for Carrot13

I would not be surprised to see fraud investigators and eventual prison sentences, only a capital raise or buyout will save this company from here.

It’s never a good look when a company has much less money than it thought, made no money when they expected to make loads, has loads of debt it didn’t know about and the accounts were prepared by an Indian guy who was never actually qualified to do them. Someone’s gotten rich here, unfortunately none of them are shareholders.

My buy order is still set at 21p but I might have to lower it to 18p, there is someone offloading serious dumping going on, I get the feeling there is going to be an open offer to salvage the company and the funds have been given a chance to exit first.

GW just wants to be like Mr Investment and spot a placing before it comes… I know all the right pubs in Canary Wharf to hear stuff like that but you have to be there on the right time on the right days to hear those sorts of whispers, and you certainly wont find them with your trousers round your ankles in your mums basement. I am confident of no imminent placing before Q3 however there is someone offloading at the moment.

They should get an extra £100m from Hibbets and £40m from Courir so even with extra costs due to NI etc it would be very embarrassing from them to suggest anything less than £1bn with their growth forecasts even with the additional NI expenses. I would expect £1.1b+ but the share price is telling a different story.

Have to remember this was approx £1 at the start of last year, H1 was a record breaker and by Sept the price was £1.60. £1bn+ looked absolutely nailed on. By mid Jan 2025 the forecast was cut (again) to low £900m’s following a slower H2 and low FX rate, the price down to low 80p’s. The forecast/expectations could have and should have been handled and communicated better but the CEO can only go on what finance are telling him and what comms are suggesting they put out, even if he has final sign off on what they are. The proof is going to be in 2025, because the strategy is his and with what they’ve spent he has absolutely no excuse not be be (well) over £1bn, in fact I’d say if they fail to hit £1bn next year the notice should include his resignation. Like I say, time will tell, I am optimistic… End of March this years final figures will be out, will they be better or worse than expected and what will the forecast for next year be?

He will either go down as a genius or a moron, time will tell. Needs a year to realise the benefit of his investments and aggressive expansion. Regardless of any forecasts, if they make £1.2-£1.5bn next year he will be a legend, if they fail to make £1bn he will be a clown.

One guarantee is there will be more raises, you just have to hope they can find a story to pump the price up before hand.

Gordon is one of the few genuine people on here but there are a few over the years, Conger, JeremyB but even some of those commenting now been here a while. Mr. Investment was the one who always seemed to make money but unfortunately got banned, no doubt he would have a large buy order set at 0.03p though.

Would love to go back through and grab a few quotes from people when I said this was going to the 0.03s when this was in the 0.08s and also when I said this was going to the 0.08s when the prices was 0.14s, and all the other things I politely called about placings and certain posters against a barrage of abuse.

I am still holding out for 0.03p, no appetite here.

Dealmaker is a clown… last week saying things are great etc this week saying things are slow... Apparently spent several hours in JD at the weekend watching the tills and counting the transactions, but posted the same thing on Frasers also spending several hours there apparently, guy is a M U G, lost £128k in the shares lol more like £1.28 on the stairs.

It’s ok Jamman UK retail is simply not for Dealbreaker, he is now investing in Beijing instead as the Chinese takeaway in Skegness is well reviewed and always busy. It was between there or Bangladesh but he lost £10 on a fruit machine in the Biryani Bliss when he was 17 and refuses to get ripped off again.

Apparently Warren Buffett went into Blackpool City Centre last Tuesday at approximately 10:17am, staying for several hours and visiting a small selection of retailers. Upon seeing a lack of transactions in Greggs, JD and the Red Dawg Pub, he has decided to no longer invest in the UK.

Have set my buy order for 21p. Good money will be made at the right prices.

Jamman - 0.1% of the yearly operating hours in 0.03% of the shops.

How many could you buy with the money you invested in Wishbone Gold (now suspended).

I have a buy order in excess of 20m for 0.03p so find yourself a new broker.

A few sadly caught out and left holding the bag following Bens cross ramping and P&D attempt, so many 🤡🤡🤡’ out there

Steve there is no such thing as wrong timing with £2k profit in your back burner.

I think they got a very good deal off Selan all things considered. The two main problems are:

1 : India just seems to be delay, delay, delay. Whether that’s the government, or companies were working with. In fact saying it ‘seems to be’ is an understatement because pretty much every timeline in the last 15 years has ended up being pushed back with multiple issues. As soon as one issue is resolved with someone another issues comes up with someone else. You’d think by now the company would know to factor these in and resolve them quickly but unfortunately they have proven themselves incapable of this time and time again.

2: So far Cambay has eaten hundreds of millions of ££ and produced about as much gas than a curry night down the local.

The idea of all these workovers producing x y z rainbow figures is already over as the first few have pretty much failed. However if they can get maybe one workover flowing at a very decent rate it might actually give a bit of breathing space financially and hopefully a blueprint for future drilling techniques. At least there seems to be some progress on doing this, all be it, unsuccessfully so far. Problem is Q2 for the new drills can easily be Q4 in India, and with more regulatory issues by the govt, that can easily be Q2 2026. It’s also possible that with these workovers failing, Selan seem a lot less motivated or excised to progress the expensive stuff and could end up with a GSPC situation again where they cut there losses and don’t even bother spending any more. So I’ll believe it when I see it, for now there doesn’t seem to be anything imminently exciting to suggest piling in but the shares are approaching good value to mop up a few and keep tucked away for 6-12 months.