focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Anybody considered submitting an IQ on their website?
I would, but they never seem to accept anything I submit despite being written in a respectful and clear manner.
I think they may have blocked my email address due to submitting several similarly respectful email queries over the past few years which they never reply to, or acknowledge.
Fair point, mja.
And given how quickly things tend to get done here those dates are likely highly ambitious too!
Thanks also RoR.
Maybe a holiday stop-off in Gardanne in the near future then, en route to the South coast!
I posted after the recent RNS (27/3) about the project award with Idex Group that I would take an interest in this project by the Limoges-Metropole in the Nouvelle-Aquitaine region of France as I make several trips a year to Limoges.
I have already been there a couple of weeks ago, but did not have time to research at the time, but will be travelling there again in a couple of weeks' time.
I sat down to do some research yesterday, and could not see anything on the Idex.Fr website, or the Limoges-Metropole.Fr websites regarding this project.
Although their sites are interesting in regards to what they are doing on a 'greener' front, there was no reference to any latest news, RNG, EQTEC, or any project awards on either site, no reference of Idex Group on the Limoges site, or Limoges Metropole on the Idex site.
I also tried searching also on the departmental Nouvelle-Aquitaine.Fr website, but was unable to access this page, and on the Gaz Réseau Distribution France (GRDF.Fr) website who were on the panel involved in awarding the project. Nothing.
Nothing came up on a general search either with various different keywords used other than links to UK publications which mirror the RNS.
Of course, it could just be my French, although most of the sites do have English language versions too.
Has anyone been able to find out any more than we have already been told about this project?
I know it is only just announced, but it seems strange that the key partners seem to make no mention of it from what I can see, although the only reference on the EQTEC website in the RNS, so perhaps it is just a case of glacial updating of current news that seems endemic on corporate websites.
I hope we get some more detail on this in the FY results in 2 weeks' time as part of an operational update. We will hopefully get some news on the feasibility study on the Gardanne-Meyreuil opportunity too, although results expected in H1 so perhaps too early for anything definitive.
Keep up the good posts Laverda.
Not been here long personally, but you seem to have your feet on the ground more than most.
In my experience on these boards (circa 6 years) it is invariably the ones loudly shouting 'long and strong' or 'hold onto those golden tickets' and who decry anyone for selling, or trading, who are in fact trading in the background. They always out themselves eventually and then try and defend themselves by claiming everyone does it and it makes sense, or they simply disappear having drawn others in with high SP targets and ensuring they get out below them.
Just going by past experiences on a dozen other boards, not talking about here, but it will be going on.
.
Like many, I foresee a spike here on receipt of the cash. It is expected news though, so maybe it will not go as high as some think. It is not as simple as saying we are worth 'X; now, so the cash will make us worth 'X+Y', but after that, it will all be about delivery and the market will start to judge KOD on results rather than potential.
I have seen from other similar shares in this and other sectors that the different types of 'standard' valuation metrics do not really apply, one way never seems to fit better than another, nor do comparisons with other 'similar' companies, or looking at past SP highs and saying it got here on 'X' so must be worth more now. Useful as a guide perhaps, but hype and sentiment can distort the view, and the potential SP range is likely to be pretty wide, so I will not look to make any predictions (I do tend to be more conservative in any case).
Not one company on here is the same, a lot is hype and sentiment driven at the outset, or sector driven, but eventually it all comes down to delivery.
Once cash is received, hopefully confirmed in the next week, the market will then be looking for delivery within the scheduled timescales and at production levels anticipated.
Although I am excited for the next 12-18 months here, it is tempered a bit by my strategy of taking gains to keep my portfolio within strict limits. As such, I have already taken some profits here, and will likely do so again in the short term if the current SP trend continues. I would not look to buy back once profits are banked, as I may have done in the past.
Having been burnt elsewhere in the last couple of years, this change of strategy works for me. Yes, I will likely miss out on those 'big' returns for holding, but I will get returns, and happy to leave profits for others.
I appreciate that everyone has different strategies, risk appetites, time horizons, etc and mine have certainly changed over the years.
Not a frequent poster, and not one to talk a share up or down either.
Having said that, KOD is not a one-trick pony gambling on resources in just a single project.
Good luck to everyone here - DYOR and hopefully we get the funding news next week. The recent tweets suggest all is looking good on that front
The mcap does not predict bankruptcy, imo and I also do not think that any small news will move this significantly.
What will move this is certainly on cash flow and confirmation of pipeline projects going live.
I also do not think that news is being held back for the results, it would just be good to have a current status with timelines in order to be able to track progress over the remainder of this year.
I have said previously that I expected 2022 to be a year of delivery. Given how that went, it is imperative that 2023 does not go the same way.
Expecting financial closures and delivery on multiple fronts, otherwise the future will start to look bleak here, regardless of the potential.
gla
Not sure it's going to be a solid FY report, but it will be a welcome update if we are given a progress report on all current operations.
And to see how cash is looking.
I did not click the date when they announced it.
Releasing this on a Friday ahead of a long coronation weekend does seem like they may be trying to bury bad news. Hope not.
gla
"This is why selling at this time should be banned for ALL directors."
What does 'at this time' mean?
How can you quantify it? Maybe 5 days before an RNS? Or 10 days? Maybe a month? Who monitors this and how?
Perhaps they should ask this BB if it is ok for them to trade?
There are clear FCA rules for Director dealing.
There is a closed period for 30 days before FY results and also before HY results. Outside of that, all Directors and potentially all company staff who may work in sensitive areas need to get company approval in order to trade. They will declare if they are in possession of material information as it is a listing requirement to do so. They will be making the declaration to one or more other Directors to get approval, and they would be best placed to know what any other Director, NED or staff member may or may not know, so it is a company decision to approve, or not.
Directors can also trade during a closed period if necessary but need a specific reason to do so.
No more posts from me on this. Not relevant for me as to the SP move of late, or the news releases.
Funny how Director Deals are never an issue when the SP is going up, it's all 'good luck to them making their money too'
No naivety on my part at all.
Just familiar with what Directors and NED's can and can't do, and when.
The suggestion from several posters in recent days was that he knows something and is being allowed to sell as an 'insider' ahead of news and that MM's were accommodating his trades in favour of others to allow him to 'get out'.
The level of selling from PF is in no way indicative of anything untoward, or 'insider', imo.
Posters can chose how they wish to interpret the trades, for me, it is likely to be tax related at this time of year. You clearly disagree. For me, the size of the trades is not remotely significant.
If there was insider news, he would be required to declare whether he was in possession of said news prior to being authorised to trade, and this would be disclosed to the market along with the trades.
Everyone can make up their own minds, I was merely pointing out the difference between a Director and a NED, which many clearly do not know or understand.
It is a total non-event for me.
DYOR
Fair enough, but from the 3rd April RNS:
"Throughout this period we have seen the steady removal of residual drilling fluids from the well and expect the clean-up to take several days before we reach the final deliverability.
Connection to the plant for gas processing and export is planned directly after the clean-up and we expect to realise the combined flow rates of all three wells later in the month.".
You can understand posters to have been expecting gas to be flowing to the grid seeing as clean-up was expected to take several days (as of 3rd April) with export planned directly after.
Granted, they said to realise combined flow rates later in the month, but the RNS today appears to be a moving of the goal posts as 'several days' has already become 2 weeks when we told told by experts on here it would only be a few days, and they only changed their opinion to include new possible scenarios when the mooted timeframe was clearly not happening
There is no panic, just the usual frustration at the standard of communication and the vague wording that is open to a broad range of interpretation.
ANGS are well known for shooting themselves in the foot with badly worded announcements and poor timing of news releases.
For me, also as a layman, the key words 'exporting to the grid' are missing.
The 2nd paragraph of the RNS states earlier that it was producing via a temporary production system to a flare during clean-up. They tell us that the performed a multi-rate flow test last week, but do not say anything about what is happening since then.
We have not seen a change to output figures.
It is frustrating to always have more questions than answers from an ANGS RNS.
If they were exporting to the grid you would assume that they would say so, so what has been happening since the multi-rate flow test ?
Have they moved on to do another clean-up? This seems to be the more likely current position to me, but I'm not an expert
We can only hope that we get more news in the coming days as suggested from the tweet response by GL.
An interview would not go amiss either
Yes, it's been a strange day as far as the SP goes.
While volume has picked up since first thing this morning, we still look like falling short of Thursday and Friday figures.
There will be an element of profit taking, as well as folk taking advantage of the drop.
I banked some last week, but was not tempted to add back - Happy to hold for the next leg up.
It will be interesting to see if there are any late reported trades.
Not a fan of stop losses, especially in small cap stocks that can move quickly, but that's a chance some prefer to take.
Hopefully, we will see some more buying pressure on the back of those tweets. Sometimes that's all it takes, especially with news in the offing.
gla
He's a Non-Executive Director (NED) not a Director.
Big difference.
Try reading up on it, perhaps?.
A non-executive director is a member of a company’s board of directors who does not hold an executive office. Non-executive directors act as independent advisors and are not responsible for the daily operations of the company.
Plenty of sites to DYOR to see the roles and responsibilities of a NED, a simple search gives loads of relevant information.
But you probably know that already and are just scaremongering for the sake of it.
I thought this RNS would mean this is a late submission of annual reports vs FCA listing requirements, but it seems that the 4 month deadline for producing annual reports does not apply to EQTEC:
"An issuer whose registered office is in a third country is exempted from the rules".
Third Country = a territory or country which is not the United Kingdom.
Still seems an unnecessary delay though as there shouldn't be anything from the accounts that warrants more than 4 months to be signed off.
Any recent good news should already be released in an RNS so they should not be delaying to include anything in the pipeline (imo).
Not expecting to see anything significant to warrant an SP rise. It is the cash situation that will be of interest more than what is in the pipeline, although an extensive Operational update will be welcome.
OT,
For me, it is down because despite all you say being true, we have not seen confirmation of export to the grid which everyone was expecting to see with this RNS.
Until we see evidence of delivery (and at the rates suggested), we will not see an increase in £££'s to the coffers which are needed.
The market is interested in the income from this side-track, we already pretty much knew everything else in today's submission. It has always been about delivery and the resulting cash flow and this is still not confirmed, nor do we have a firm indication of when that will change.
imo
Sorry ocelot, but I really cannot see this happening.
I think that ANGS are still too opaque with their financials, news releases, etc to be on any II watch list.
II's will want to see more before they invest. There are many options out there in the small cap space jostling for II money, not sure that ANGS stand out as a good bet at this time.
They will be happy to pay a higher price with more of the risk reduced, but only if they see further upside.
They will not be interested in Balcombe, Brockham, Lidsey, etc (which may make it a flat 'no') and anything else will have question marks about time and cost to deliver (ANGS have proven they cannot be trusted on this).
II's waiting on the side lines for a higher mcap (to fall within their investment criteria) is a red herring, imo
chimers,
This is the official FCA page for short selling.
https://www.fca.org.uk/markets/short-selling/notification-disclosure-net-short-positions
In the 7th paragraph there is a link to an .xls spreadsheet (sentence text below) where the positions are updated daily - the FCA should be notified by 4:30 daily (I believe) of any change and the spreadsheet is updated.
You can just view the file rather than download.
1st tab shows current shorts (i.e. currently as of 14/04)
2nd tab shows historical moves
Sentence text for link: See the public short positions disclosed to us - daily update (XLSX).
Alternatively, you can look at the open shorts position tab towards the top of this page which shows for ANGS only. Not sure how often/quickly this gets updated though