Member Info for cmcc4395

It reminded me of the Tom Clancy book too! ;-p

Do you have a link to that? Which company?

Thanks Tones. I’m 44% down on Gasx so really need it to bag now. Does seem the new chairman has provided some focus new energy re execution, and some encouraging results have followed already. It was good to see the director converting warrants at prices above the SP to pay to finish the last drill / testing, shows great confidence. Look forward to hearing your thoughts on EMO. Suspect a lot of ppl found themselves accidental long term shareholders there due to being so underwater

Underwater on both of them (thanks Doc!). Be keen to hear your thoughts Tony

Jesus that is a tragic graph :-(

They could also have utilised the new debt facility to retain the current works programme right? The fact that they didn’t suggests to me that it’s on ice for an acquisition. Hopefully without a discounted insto placing accompanying it but faith in this is not high just now obviously. A painful lesson in “always remember to take profits” for me.

It says they will be prepared so as to allow the return of the loaned shares prior to rigless testing

Why would they commission the prospectus and particularly an updated CPR prior to testing results? Wouldn’t they be better to wait for the extra info?

Tony - very much appreciate your time and thoughts again, thank you. From Majid’s recent interview it sounds like they are actively exploring the best way to develop our liquids producing fields more aggressively, which sounds like one of the keys to addressing our valuation gap. Thanks again. Cam.

Good news, but not quite the RNS we were all waiting for!

Fair points GGG. Inshallah you wake up some day and the dream has come true!

Many people remarked that the appointment of the new chairman recently amounted to a "For Sale" sign on the company, given his record with Canadian corporate transactions. I wonder if it might be possible that the board's near term exit strategy (with the big insto anchor investors on board) is engineering an exit in the next 1-3 years, and as such their focus may be on jacking up production and proving reserves, with the near term share price considered a side note as the board are confident they can make a trade buyer assess value accurately. Just a thought that Majid may be playing a different game to what many of us are looking for here re short term share price appreciation.

This could be impacted by Canadian tax reasons though I imagine, which would be less relevant for UK investors who hold shares in ISA or pension wrappers

Thanks Tony. Absolutely crazy, though makes me feel even more confident about my strategy of patiently upping my stake each month via my pension contribution and reinvesting the dividend. Also perhaps lends credence to GGG's call for a hiked up dividend - if nothing else gets the market's attention, yield alone might be harder to ignore. Either way, if not at PR then one thing mgt have proven to be very adroit at is M&A - perhaps with the new chairman's help they can sell us to realise our true value if the market won't come to the party.

Pretty sure this is written by an algorithm, but good press is good press! (Not to say it is wrong either)

Good to see Majid putting his hand in his pocket

Well, I’m glad we farmed out at least…

Does anyone know if the presentation this evening is being live streamed?

Thanks both, appreciate the input as always

Another one filtered (probably the same one again let's be honest). How tiresome.
Tony / GGG - be interested to hear your thoughts when you have time. Doesn't seem anything too concerning, but it's the first (fairly limited) "step back" for quite a while. Hopefully Sep update is positive, and i'm really looking forward to hearing from management too soon from the investor event they have lined up next month.