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That is EOG for you, get used to it. Anybody who bought in via the Serenity raise, this is what happens..totally underwhelming.

Ryan is useless, the amount of times he mentioned russia and gas price, to cover his back, in not prepearing for such shortages was farcical.

Got the impression it was all waffle about keeping the prices down "now", rather than learning from any mistakes for future energy issues in ireland.

Liked the part at the beginning. where the panel spokesman was telling people, bascially not to call anybody out over the lack of preparedness, by names. Surely should have been an opportunity to call people out, on exactly this. Seemed pointeless to the extreme.

Off and running

"Committee about to start?"

Looks like an early lunch..late to start

" long history or lies, incompetence, underachievement, missed timescales that they have set themselves and a complete lack of any business acumen"

This is a fact and what everybody should remember.

Must be one hell of a big seller out there, as I can see mostly blue on the buys.

Egdon does have half the shares, we were on par with them unitl Hugh and Simon diluted them over the years.

Fracking, in regards to Egdon, not so sure, as there will be many obstacles on this..local planners/nimbys/greens, etc.
Look at how long it took Wressle to get over the line.

The reason could be the management, there is little confidence in them, the markets don't believe that they can use the Wressle income responsibily. I know the days of pumped up shares prior and during spud are probably over (was mad during the fracking hype years) and am just not convinced this is going to go up, as much as people think.

Sorry ! Probably missed the biggie on the list

Was obvious that they needed to guarantee the funding, hence the announcement on Friday, before today's agreement could be published.

From the hit list published in the RNS on the 1st June 2022, Cosmetics was No.2 and included;

1. Sunscreen - mineral based sun protection

2. Hair Care - dermatological treatment

3. Pigments - makeup

So if they are going down the route of their own definition of what cosmetic covers, its either Sunscreen lotion, hair care product OR makeup.

Link to RNS
https://www.lse.co.uk/rns/NNN/strategy-update-nw2hmtvyaijpxb0.html

Was obvious that they needed to guarantee the funding, hence the announcement on Friday, before today's agreement could be published.

From the hit list published in the RNS on the 1st June 2022, Cosmetics was No.2 and included;

1. Sunscreen - mineral based sun protection

2. Hair Care - dermatological treatment

So if they are going down the route of their own definition of what cosmetic covers, its either Sunscreen lotion or a hair care product of some kind.

Link to RNS
https://www.lse.co.uk/rns/NNN/strategy-update-nw2hmtvyaijpxb0.html

Nice to see our partners, especially Egdon flying this morning.

We are over 3...but by god it goes up slowly. Got a feeling a lot of investors choose between Egdon or EOG and choose Egdon.

Forgot to add also, what is stopping "an investment firm" through 3rd parties or whatever selling some stock just before the end of the month..so the share price isn't hitting or above 0.77p.

Was thinking just yesterday, we hadn't had a RNS in a while and wouldn't it be usual for Nanosynth to release one...just before a long bank holiday..and here we go.

Not sure what to make of it, but looks like Landstead get the better deal, basically lending money, which they get straight back...and get over 20% of the companies shares on top.

This 0.77p that we have to hit, the last time it was this high was Feb 2022. Thing about this share now, its a trading share, if it rises suddenly, it will go down just as fast. Little confidence in its long term strategy and this just helps cover the additional bods that Mark Duffin has brought on board.

Somebody earlier mentioned Versarien (VER) who went into a similar type of agreement with Landstead in 2020, there share price at the time was 48.....now its 18.

The RNS of 1st June 2022, which said "The 37 Research & Development projects in the identified vertical markets have all been packaged into individual business cases."

Where is the news on this? Surely if 37 of them are recogonized...we can hit one at least. We had a lovely long list of potentials..but nothing has been signed, sealed or delivered on this.

Thanks!

I always thought some RNS or interview mentioned 2 years.

If it is 4 years, I suppose we can nod off like the BOD til Aug 2025 :-)

Can anybody recall the RNS which stated it takes about 2 years to develop a product?

Be interesting to know the date between that release and now.

"Is it still the IIs from their 1p placing price? Answers on a post card."

Could be, as we had two transactions for 10k and 14k this morning, and both look like sells, given the time.
It's the only thing holding us back, everytime we look like we may go higher, churning shares (sells) suddenly appear.
Thanks Simon...not!

Another titbit of information
https://www.irishtimes.com/environment/2022/08/25/state-may-be-reliant-on-gas-supplied-via-uk-within-four-years/

It's really beginning to hit home now with the Irish Government, cracks do seem to be appearing.

I wouldn't blame any firms taking the government to court, in the same manner as Rockhopper with the Italian government, as its been one obstacle after another to get anything done.

Simple really, Fianna Fáil and Fine Gael to keep the status quo going, had no option than to bring in the Green Party as part of that coalition to prop themselves up. The Greens have them by the gonads, they even got their most prestigious ministrial role ie Minister for the Environment, Climate and Communications.

The Greens have the rest of the Irish Government where they want them, and their energy concerns can do one...as it dosen't meet the Green agenda....even when a mix of energy use is possible.

$301,265 landed from the London Court of International Arbitration, apparently two of the four stages.

Remember any money from the court case against Land Ocean, is heading here, as stated in half-year report

"Achieve a favourable outcome in relation to ongoing litigation for amounts the Group intends to recover from Land Ocean(also refer Note 14 Subsequent events) which will be used to settle the witholding tax liabilities as disclosed in Note 10 Other liabilities $3,693,416 . Should the case outcome with Landocean be not in favour of the group, the Directors expect to be able to negotiate with the tax authorities both in Australia and Trinidad to a repayment plan to settle these liabilities."

Annual report in Dec 2021 had
"The Company is claiming various sums that it believes are due to it from LandOcean Energy Services Co. Ltd ("LandOcean") currently estimated above US$10 million. "

So in a nutshell, say they got all four stages in court, amounting to say $602.530.....well short of the $10 million stated..just 8 months ago.

"Wressle could be monster"

Praying for Gozilla size and not Godzooky.

"I’m really wanting an exit here, however as we get to my break even I’m starting to question whether or not I’d be jumping the gun by selling, be nice to realise some profit after around 8yrs of pain"

Feel your pain, been in this a while also. Will probably take 50% out if it goes above my average, and leave 50% in.

Bad news is, if Serenity is a dud, I can see it sinking to the 1.90s range, then just saying just about 2.00 for the next few years.

Thing with this share, you get Simon pushing out new via his interviews, news coming out on Wressle production (nearly always good), but the share hardly ever budges.