Member Info for Cjm83

So they are in a stronger cash position, very thin though. No debt ( important). They are also changing out their store structure.

The thing is the dividend was attractive which is no more. The Labour governments attack on tax is squeezing them even more.

Shoe zone does have a good market. I use them for short term footwear ( holiday) or work where shoes never last more than 3 months anyways.

All footwear is made in sweatshops for low cost. But quality is done to a price point. A lot of people cannot afford more expensive alternatives. So they plug that market hole.

So the question is where is the bottom? As a new investor . Tax rises in autumn again that is the major risk. Could finish them off.

You have to wait from the outside. As a turn it around or bust. Same for many high street stores. Tough.

This is more a small cap aim type risk now and should represent in your portfolio as such risk wise.

Howard owns 10% of Sagebrush so i would say that is sufficient. Ok not open market shares but just as good.

Not sure, I am just aiming for 2025. Bit vague I know and I am sure the work can start fairly quickly when all the pieces are in place. But with a CEO change there would be a month just to get the internals sorted.

But I would expect September for a very solid update and timing. Basically back after summer.

Yep AC got us into Vecta as a Time filler which if drilled in 2024 would have been OK. In the end those Wildcat wells did not produce the goods so Howard i guess questioned the validity of the seismic interpretation. Seismic is a dark art not a certainty.

If we had sat on our asses waiting for sagebrush we would be double the Sp and maybe a placing less. Although we were always due one at some point.

Going for the Oil first to fund the helium is always the best approach.

Hopefully this is us bottoming out before a change of tack. Roll on Sagebrush.

Yes but i think if we go for the oil first we wont need a JV. That is the point.

We need to stop giving away WI like sweeties.

Having Andy Carrol on the non-executive board still may not be a bad thing. Yea not CEO material but he is still an experience people in drilling.

Howard needs to de facto authority though depending on his vision. I suspect it will be more Oil at Sagebrush first to self fund Helium there fore keeping a larger WI long term.

The thing with AIM is changing the majority of the team puts you back months or sometimes years.

8 people is not a lot providing the all bring value or future value to the company as it grows.

We await the RNS of Howards vision or plan.

WilliamPrice, are you actually invested here? Seems you bash every share you are in with an account with few posts.

I do agree MSMN probably deserves a kicking right now but GEX less so.

With Howard now at the helm we may move to US time updates and afternoon news.

RNS said update this week, hopefully a big plan forward to steady the nerves.

obviously from a garcia point of view disappointed.

but that rns is what we needed and explains ac going. full sagebrush coyote wash attention update next week. that is positive.

the truth is and this is with hindsight.

if we had sat on our **** waiting for sagebrush no vecta. we would have less placings and a better sp probably double from here.

howard has 10% personal money tied up in sagebrush so he has skin in the game.

Unless it is san pellegrino with Helium bubbles.

That is why we need to flow test the old oil column to get a flow from the 2.2% HE and verify the 2.2%, also drill sub salt and flow test ( sub salt is where the He will mainly be trapped).

So we need some data to get the numbers, hence why we need to get through these Vecta drills and get flow testing Sagebrush, that is what is going to rise Sp. we are 25% there with the He in oil samples proven so development now not just exploration.

OK so we have Trace amounts of Helium in Bard so in the oil and gas that is below 1%.

This reflects well on Billy Goat as that must have been commercial or more viable as commercial is 0.3-0.5% Helium.

The next 3 Leases are stand alone so lets get them done.

So far 2 wells drilled 1 hit 1 miss lets say.

Puts the 2.2% at sagebrush into context within the oil column, so that is commercial already in % helium terms.

Exploration is never easy, we need to drill these next 3 leases and 1 well does not doom a lease as their model must be off with the Lyons formation being very much deeper. but that is not our problem.

lets get Vecta drills done and draw a line under it move on to our main assets.

The only thing is we do not have the finances to hold onto these leases long term unless we just file them in the bottom draw. If we hit Helium apart from a quick trade how much value will it have Sagebrush old oil column is already Commercial with % Helium, just needs to confirm the flow rates. Sub salt only enhances that commerciality.

Now if are eggs are in Sagebrush Coyote Wash then % royalties is a good way to go with Vecta. Desert Eagle drill efficiently and will get this into production with NO COST to MSMN. even if the balance sheet take a while to see it.

But it enables the JV for Sagebrush to be less of a % giveaway.

elephant in the room is how long do we have to wait hopefully 2025 to get full Sagebrush lease info on what Helium we have. As shareholders and i am also guilty of this, is to make money and the length of time in MSMN i could have made money else where potentially or a major player with a dividend would perform better.

I am here becaus ei believe we can get to 50m Mcap or 0.2-0.25p Sp with the first round of flow tests on Sagebrush. fingers crossed.

I would think Sage will flow test this year. Fingers crossed

AC bangs on about not being operator with Vecta so he will have to pull his finger out.

I am optimistic maybe a little too much but AC has something to prove as operator.

Any big headline rise wont happen until Sagebrush is flow tested and drilled sub salt to confirm Helium.

Yes they have 2.2% in the old oil gas samples so that bodes well.

I am in profit so not sure what you are talking about.

Keep peddling lies. We are fully funded. Rig crew back today RNS tomorrow.

Just had another read of RNS H1 26 is then June 26 it wont be January.

So a years wait. Vs what we already have invested in time and money. Our ROR vs stress time and money locked in wont be good.

You try and be positive but there is nothing to say H1 26 drill will be happening.

I am still in as in a loss but looks like and i always do this i wait for more losses vs just cutting back at a less of a loss earlier.

Think this is a write off and wait until 2026. Sell order at break even.

Now is the time to get into SNDA. Although most here are already in and it is very difficult to add more in what seems an endless hole.

Letting down shareholders and always missing deadlines is not just a SNDA thing. Very annoying.