Member Info for CrazyFox

Your cash in the bank figure is a pure lie.

They have ~£100k or less.

If anything, they raised that capital to fund a delisting. Watch and see

You're not stuck.

Just sell. Create a plan to turn whatever is left over into the original capital size. Compound 20% over and over and you'll get there.

Aah, thank you for clarifying:

Sonangol Deal - 3,800 boepd

Post-Azule Deal 6,450 boepd

@$84 per barrel

= $542k per day

x365 = $198m per year revs

$ to £ @ 1.26 = £157m

MCAP = £124m

Sonangol Deal - 3,800 boepd

Azule Deal 6,450 boepd

Total = 10,250

@$84 per barrel

= $861k per day

x365 = $314m per year revs

$ to £ @ 1.26 = £250m

MCAP = £124m (currently half annual revs!!!)

I can go into margin and forward looking FCF if you want. But in real terms, this could double from here with no drama or notable selling.

Factor in a board and CEO that will be taking on more cheaper assets or great % of existing assets then put a value on this.

Just be decisive guys and never be afraid to cut. You can always rebuild in a better risk/reward stock

On the 29th of June you posted

"And it gets worse .. I’m thinking in 12months the company will be gone.. views?" The price then was over 8p. Surely if you thought this then, then you should have sold. If you still think this, why are you still holding?

Just reading through his previous posts on AET and he has been wrong at every turn. So funny. ARE YOUR SHORTS BURNING?

Please come to twitter to share your views, you're a right laugh

Thats a great answer Jack. Healthy response and discussion.

Why Summit?

The stock market is a representation of the value of the company. The stock market is also a mechanism to take a stake in a company. I again go back to my point as to why a potential asset buyer wouldn't just bid for the entire company at a 50% premium as the BoD would almost certainly accept.

I understand its nice to dream about people bidding multiples for assets and companies but it just isnt reality. I'm still waiting for examples to be provided.

At 1.65p, if a bid for the company came in at 2.5p the BoD would likely accept. The company isnt generating any cash currently and is cashflow negative therefore any placing or fund raise would be used to maintain op costs and admin costs. Therefore the longer this drags on, the lower the price will become

I keep trying to raise some sensible points around the company and asset valuation. Nobody is able to provide sensible answers and resort to trolling.

Facts remain, nobody wants to touch Russian assets. Formal sales actioned pre-war didnt deliver. WK is an operational cash drain on the company.

Why would someone pay multiples for an asset when they could just buy the company?

Anyone thinking asset sales are going to happy at multiples more than the current share price are living in a dream

Does anyone know of any listed companies that were taken over for multiples of their current market cap?

What on earth is your investment plan here?

I saw you noted you lost money on DEV and HE1. Both because im guessing you did no actual research and had no idea why you bought and that you bought when the price was sky high.

Why talk negatively about something you've bought. That suggests to me you've done none of your own research at all. Research is not reading what other investors post on these boards either. Plus a couple of days ago you were also moaning about being 10% down. That is because you had no entry plan and are likely blaming people that positively talk about this stock

Probably best that you just sell and buy premium bonds if your cant control your emotions.

I've mentioned this and yet the EUA Loonies still seem to keep kicking me. I mentioned it could half when it was 3p and it has. I'm sorry but thats reality. A Russian company is simply not investable. There is no magic dividend and sale coming. A fools dream.

Its clear that anyone that sold today or is fearmongering doesn't know what they've purchased/had and have not researched. All details are found in company presentations.

Market manipulation drove this to $1bn. The unwinding of that story will take it to zero

I still cant believe that people believe in the dividend and sales at multiples higher narrative.

Show me one example where this has happened before.

Once the BoD has rinsed this dry they'll take it private and screw shareholders.. thats my guess.

I pop in to read this chat every few months and the same drivvel is being posted whilst the share price erodes.

Burrying heads in the sand whilst needing a position to multibag to get back to break even and putting faith in a BoD that has delivered nothing to date is not an investment. Its a gamble gone wrong.

Buyouts and Takeovers at multiples of current market cap JUST DONT HAPPEN. Wake up

Early 2019 and Pre-Ukraine war EUA was at around a £10-£20m market cap. I think its realistic to see this as a target level.

No material progress since then. Burning through cash and a none existent array of bidders will do that. Plus the elephant in the room of the assets being in Russia. My thoughts just for balance.

Did you buy £700k of shares at 14p?

The difference is, my posts have been honest. You have lied and pumped all the way down

"DimitryReacts

Posted in: EUA

Posts: 531

Price: 20.50

No Opinion

RE: So much chat, so little news20 Dec 2021 12:19
Hope so, at 14p i'll buy 5 million more shares. Do your best to get it to that level for me please. Incidentally, you now work for me too."