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MH says that if the international exchange rate used that the creditors balance could be as low as 5 million $ as opposed to 9.3 million $ which is a huge shift down from the 12million $ as at June 22. Food for thought and does look positive.

Topped up at 11.33 trade correctly shows as a buy. Brings my average down to just over 6p. Been in since 2020. Trades are flying in. Took me several attempts to get a price. Fingers crossed. GLA

I note there is to be a proactive in person event in London on 12 January

Taversham, I do not want communication for the sake of communication but for gods sake Easter is one of the major trading events of the year. The interims were published early March then no trading update until 19th July. This is a major opportunity missed. AIM hates silence which is always viewed badly. Every other confectionery business I have invested in always provide trading update post major events like Xmas and Easter. Poor communication is not strong leadership. I take your point completely about USA. That said if we could see it why couldn’t Angus and his team. There is much wrong with the trading set up at present. The online platform is poor. The stores are poorly stocked. I went into my local store in Sheffield only to be told ‘try online’ we don’t stock it. People were on here in the heatwave saying they didn’t even know hotel chocolat sold ice cream. Basic things need sorting. Shareholders want to see progress and a return. Fingers crossed he turns things around this coming 12 months but his international track record is not good and he has lost a lot of shareholders confidence which is why he should hand over the ceo role

Taversham, you are entitled to disagree. I too enjoyed the tv program but to be honest I didn’t see a strong leader. He has made a series of blundering errors in his international strategy. Decisions to go into Japan and USA were always going to be disastrous. USA in particular seems to have lowered the quality of products on offer. Perhaps it is just me, that is not a fan of peanut products. Time will tell. I am happy to be proved wrong as currently am losing money. When I bought 5 years ago I was expecting growth in both Uk and Europe and looking for a dividend and £8 a share. Instead I got no dividend, no Europe no communication and a fall in share price. What happened to that ridiculous van in an earlier tv series. Why is it not isolated in the accounts. Does it continue. If a success why did he not introduce more. But my biggest concern is why is Angus so reluctant to meet and communicate with shareholders

Plenty to be positive about, but Angus needs to explain his new International strategy and some of the messages in the RNS that appear garbled on first read. Interesting that he thanks everyone bar the shareholders who he treats with contempt which is clear in his lack of communication. I look forward to being able to question Angus, but overall feel the business has outgrown his capabilities and feel he should step down. We are unable to oust him due to the size of his shareholding.

WTF are they? Last communication 29 September and I think they were already late. Angus really needs to improve his communication with shareholders which is appalling.

I think the message that clears up the confusion (if there were any) regarding production, appraisal and evaluation is contained in the RNS of 26 July when PH said with regard to the well “we hope will deliver material production growth and further cash”. It seems pretty clear that whilst the company is seeking to evaluate the contingent oil reserves of 200mbls in the lower Eocene it is also seeking to produce. With this in mind I am positively encouraged by the announcement contained within this weeks RNS that both oil and gas have been successfully brought to the surface. Hope that helps GLA

Well the RNS tells me ‘it is good to go’. The announcement says they are testing and will report further in due course! Ffs stop all the scaremongering and await the test results!

HeresHopin - I think an extra one billion shares at circa 9p is a small price to pay for effectively an extra 5% of what will probably become a 20+ million oz discovery in time. If you do the maths 5% of 20 million is 1 million. One million oz’s at a very conservative £1000 an oz clear profit = one billion in profits plus we have the added bonus of considerable expertise and a board that will be the envy of the industry.

Forget any thoughts of share consolidation as I can tell you from experience that it never ever benefits shareholders on aim, but I do agree we have a ridiculous amount of shares. We have Parsons to thank for that with the mess he left!

British Mike.. there are a number of very simple tests to determine whether the substance is iron pyrites (fools gold) or the real McCoy. For example you can hit it with a hammer and it shatters whereas gold doesn’t.. rub it and it marks your fingers whereas gold doesn’t.. look at it fools gold glistens gold shines hence the saying you might have heard of..
There are others and of course more sophisticated tests that the on-site geologists might perform.
Doesn’t necessarily mean it is a major discovery just yet but I think we can be certain it is not fools gold
GLA

Oracle makes a good point that store managers need to up their game. My sister went into a store in Sheffield last week. Couldn’t spot what she was looking for on the shelf so went to the counter to ask and spotted the item which was some type of mint chocolate behind them. They handed her a box and said they had just not had chance to put it out. She asked if there was plenty of date as it was a gift. The manager said yes, but she checked and the date was up in August. Obviously she walked out. Similarly she has tried to purchase lip balm in Sheffield only to be told they don’t stock it “go to Meadowhall or try online”. Ultimately this is down to Angus and personally I am not happy with his performance over the last 3 years that I have been a shareholder.. his communication is non existent. I do agree that Monday night’s program was the best I have seen

I have just viewed my T212 statement for July and am pleased to say the short appears to have closed. Last month 12% of shares were on loan for shorting purposes. This is now showing as nil.

Please correct me if I am wrong but I seem to recall a similar announcement on visual results by greatland gold at Havieron in advance of the assays and we all know how that turned out so far. Just saying! They must be pretty confident of what they have to jump the gun on assays. Exciting time. GLA

I have just viewed my T212 statement for July and am pleased to say that for the first time since September last year no shares are on loan. Last month 30% of Ggp shares held by investors in T212 accounts were on loan so this is a big step in the right direction

You have answered your own statement Mr India. If news is imminent the BOD would be in a close period and unable to purchase.

Weird how you are all squabbling. Fact is marked down 5% on less than 1 million shares traded. For me it is a decent RNS and another small step in the right direction to a correction. Bring on the side tracks

Thanks abzzba

I wrote to Martin by email 2 weeks ago using the email address shown on the website. I have had no response and the email has not even been acknowledged. The email address given on the website is info&echoenergy. Does anyone have another email address for Martin? Or has anyone successfully had a reply using the email given?