Member Info for Conger2

As you know Gordon, I was never happy when Joe stepped away and Roland had this i thought dumb assed idea of CCS which i could only see taking many many year and millions to get anywhere near creating review. So i got myself fully out for the second time on the next spike.

SCSSS I don't hold any shares any more, I moved my money from Oilex / Syn a few years back.

So no I am only thinking of the investors on this board, as i was for long time and how this could be the best deal for them.

Send an email gordon you have nothing to lose by doing it.

Do you want the company wound up after the sale and all the sales process distributed as that is what i would go for if I was Republic.

ASsume makes an ASS out of ME and U....

If not why not?

Sittings on 35% loss in about 18mths, my only losing investment....

I was shocked to find much of the NAV is based on future the earnings, this is the problem it is not assets people understand ie bricks and mortar or Wind turbines in this case, it is the value of these contracts so unrealised income, which now might not happen, i would like a chat with their auditors if i am honest as it takes the Michael. I think there NAV is overstated and you will see an adjustment soon.

So reading all this through, they are getting about £10.4m and have stated the reason they are doing this is to give shareholder value, and will

1. Return money to shareholders

2. Initiate a company buyback of shares for at least 12mths after delisting so create a market for you to sell you shares.

The question is how much of the £10.4m will returned to shareholders and in what time frame, but because this is the GOI must approve it, who are a complete law unto themselves, the BOD can not answer that will any certainty.

As off today £10.4m is about 8X share cap, but you have at least 12mths running costs, tax, and the delisting costs.

I think you just have to sit on your hands and wait this out, but I hope you get 4-5 times around 0.03 to 0.04 pence a share back over the 12mths following GOI approval seems a realistic prospect.

Personally I might just buy a few shares today and hope for a 4-5 bagger over the next 15-18 months, it is a pure punt but the share values are considerably less than the asset values.

I don't think it is clear what happens to the company after the delisting and this asset distribution, they say they have no plan in a realistic time frame to make any money, but the carbon capture deal is still with the Indian gov, in the meantime hopefully the revenue from Cambay will pay the remaining operational costs of Syn so as much of the £10.4m can be distributed as possible.

This is my take on it.

Is it time to sell Aviva and take the profits.

Yes but you spent cash (an asset) to buy the shares so the total value of net assets drops and the NAV per share stays the same.

There will be no market to sell them too.

Sorry that should say 7m not 7mths

Anyone done a cash burn rate as I wonder just how much of this will get to shareholders in gol plus 12mths approval plus 180 days to agree terms fully.

It could be 2 years from announcement for the final 7mths knowing India that means 3 years ….

20m USD carry was for the JV, so only 10m was SYN, but as of yet very little of that has been spent.

14m USD seems to not mention the carry at all, so as i see it effectively the second half of Canbay cost them 4m USD compared to the first half 10m USD, what happened normally a second half costs more as it includes a controlling interest.

So sorry guys but this is end game for SYN get your money out there is no other realistic revenue plan, not sure how much of the $14m will make it to the shareholders either.

Not sure on the assets on site, plant machinery, pipes, storage, but would guess it is owned by the JV so they get the lot.

Was very unhappy when Joe stepped back and Roland came in, with all the focus on Carbon Capture, he seemed disinterested in Cambay.

I know i am one of the very few who has made it out with a big profit, but it took many years, and i am very grateful.

Best of luck to all of you.

Conger

This is my one bad share in my portfolio, from a capital point of view.. but as long as they keep to the Dividends to plan I am really not too bothered.

They had a rough year but still kept to the RPI Div rise I'll take that as I am in this for the long haul and it is then Divs I want for long term income.

It was on the 29th last year.

Https://www.bbc.co.uk/weather/articles/c3d5kxg4pyjo

Good new at last! lol

The share price will rise when interest rates drop.