Member Info for closettrader

So it looks like Trading/Reserves update for the year to Dec 22 will be tomorrow or Friday..............with the high gas and oil price during the year the results should be pretty good.....

Getting over 8 to sell now........

For those that didn't see the Question Time episode (17/11/22), here's the link: https://www.bbc.co.uk/iplayer/episode/m001f8qf/question-time-2022-17112022
about 37 mins in........

Higher price to sell than to buy....looks like they want your shares. Is Ian Blackford's claim on Question Time about 3 months ago that 'MeyGen2 is just in the process of being green lit' about to come true.....?

Just contacted IGAS....they say the Trading/Reserves update is coming out this week but wouldn't commit to an exact date

....and it shows that IGAS has repaid another £2m of debt in the last 5 months (£8.1m as at 29 July 2022, £6.1m as at 31 Dec 2022).....impressive

It certainly is a positive…… shows strong faith in the Company’s prospects so perhaps the share price can move back up to where it should be….

Ask now at 5.5 but again NT for over £500 worth........

With a MCap of only £3m, anticipated positive EBITDA of £100K in 2022 results (up £400K from 2021) and targeting an EBITDA of £1.25m in 2025 this looks to be a decent prospect...........NT at the mo for anything over £500

From last Interims GDR are financed thrpugh to end of 2023: 'We completed a placing and open offer in October 2021. The net proceeds of £6.6m has extended our cash runway at least towards the end of our 2023 financial year using a prudent forecasting basis that excludes all revenues. Material revenues will extend our runway further as we continuously assess our future funding options and requirements.'

Great to see the Conservative Party choose a (distant) view shot of the Harland & Wolff yard and surrounding area included as one of the examples of their ‘levelling up’ proposals in tonight’s Party Political Broadcast

Here we go again........NT for any buys over £500 just as last week

Just as a reminder, TEK owns about 5.2m shares (about 70%) of Lucyd.....so that's almost £20m with the current rise in Lucyd....plus shares in BELL worth currently about £7m.......plus Microsalt (97% of shares) which has enormous potential and 100% of Guident........ and TEK's MCap is currently about £34m! Think tomorrow could be interesting......!

.....and NT for over £500 worth at 6.5p

Well there's nothing available to buy at the moment......

NT at the end of play........

Slow riser.......looking strong

....but with its small number of shares in issue (62m), Norman Broadbent only had a MCap of £2m (now £3m) when the RNS was released this morning so with a forecast EBITDA of £1.25m by 2025 it looked pretty good value......

Just to confirm the Shell Jonker-1 drill is in the Orange Basin in the south.....our licence is PEL29 (Block 2011A) in the Namibe Basin in the north

Statement from the CFO at the Dec 22 AGM:
"During the year, the number of enquiries regarding our portfolio of Plexus products that can guarantee leak-free performance for the life of a well has escalated and we are hopeful of converting these into contracts in the coming months. We are also making headway having re-entered the Jack-up Exploration (Adjustable) Rental Wellhead market through a collaboration agreement with Cameron International Corporation ('Cameron'), Schlumberger's ('SLB') wellhead company. This collaboration expanded our existing SLB licencing agreement in relation to Cameron being able to design, market, and sell our POS-GRIP and HG® metal-to-metal seal method of wellhead engineering for surface production wellheads to its existing clients, where we are anticipating initial royally generation in the second half of our financial year.

"Furthermore, the adaptability of our POS-GRIP friction grip technology is key to our growth strategy as we explore the possibility of expanding into other sectors where we believe that we can play an important role in reducing harmful emission risks . Accordingly, o ur leading R&D team is pursuing options in growth markets such as Plug & Abandonment de-commissioning, where we recently secured an order from Oceaneering International Services Limited, carbon capture and storage, gas storage, hydrogen, and geothermal applications.

"In summary, having raised £1.55m through the issue of convertible loan notes in October 2022, which was supported by the Company's founder and CEO Ben van Bilderbeek, and Plexus' Chairman, Jeff Thrall, Plexus is better positioned to play a key role across numerous aspects of the complex energy story as it unfolds, and we look forward to 2023 with growing confidence.'

Only 100m shares with a £2m Mcap....58% of shares held by CEO. 2023 looks like it could be the start of a turn around for the Company who are committed to reducing or preventing methane emissions in the oil and gas induustry through their innovative wellhead sealing technology...........