Member Info for Crocqman

While my 25p average is high compared to current SP, progress is clearly being made and Comms are good here. Schedule seems pretty much bang on for now too. Obviously a long term investment, it's just a shame overexposure in small cap space means it is not possible for me to add further at these levels.

Keep up the good work

Non-ISA is a touch under 10, but ISA is circa 50.

Average around 25-27, can't quite remember. At the low I was more than 98% down and too exposed to small caps to risk any additional investment. In January I was just waiting for the new tax year to write off my loss for this year and cover provider fees for a few quarters, so anything above current level I will see as a return on nothing.

Good luck to those that had a go before the suspension though

Surely, it is the crypto licence that is the carrot for Redwood's involvement?

The range of sensible guesses suggest it really is anyone's guess where this could open at on news.

Being heavily underwater I will just be optimistic on clawing back some of my current big loss, something that was looking very unlikely over this past year or so.

gla

HarChris,

I guess what you outlined is a possibility, but as it is a presentation I would still expect anything to be released before so that investors have all new information to hand ahead of time.

Could be a surprise though, or something to come out of the Q&A. We'll see

They need to provide a clear focus soon.

In times past we would get an operational update covering all assets and future plans.

The SP is in the doldrums, needs certainty around finance, news on other assets, a plan to move this in the right direction.

Against my better judgement perhaps, but I averaged down last week at these levels. 1.00 to break even now. Will sit tight for now, but the lack of trades/volume (and posts) suggest investors are looking elsewhere at present.

Up to the bod to change the current market view, relying on a rally in gas prices will not change sentiment, imo.

gla

Oh, and I doubt there will be anything material in the investor meeting later as it is not the required forum to release news (subscribe/sign up to participate, so non-public), so any news would have to be released beforehand.

Genghis, curious to know who you would consider to be an A or B list NED?

FFS, this is a small cap share, they're not going to get the ex-governor of the bank of England on board as a NED are they.

It's a NED, their influence is minimal. They have no day to day involvement in the company or making decisions. The role of a NED is mostly oversight.

Personally, I'm happy to have halved my average last week at under 0.13 and now seeing what many would suggest is a long overdue change in fortunes with the SP.

gla

Many thanks for all for comments on the back of the HY trading update.

Having bought in at 1.01 originally, and then adding significantly at 0.69, I had a fairly hefty paper loss here, but still saw the progress to add more at 0.42 and 0.35 in the summer as, for me, better to be in a producer than an explorer with a hefty initial cost-spend and no guarantee of an outcome.

Despite being over-exposed in the small cap space and saying that I would not add further, I have taken some more today at 0.13. Average now reduced from 0.49 to 0.25, so still heavily underwater, but comfortable with my level of investment.

TGR is now my largest holding.

Hopefully, we will see some uplift soon after the steady decline seen for a while, although it may take some while to get to break-even for me. Although there are still negatives here, the bod do seem to be taking steps to change and the positives still far outweigh them for me.

gla

If you seriously believe this then you don't spend much time on any other boards

Without even thinking, I can name you UKOG, UJO, QBT, ARB, AFC just for starters. Then there are stocks like PREM and many others.

This board is pretty open and rational compared to many.

Easier to troll than provide actual discussion points based on factual information, no?

This is now my worst performing share.

To think this was over £3 in recent memory with an attractive dividend yield, but has been on a downward trend for a little over 2 years now.

Whatever the last couple of CEO's have implemented to change things here does not seem to be working.

What is needed to turn this around, the market reacts to drop the SP on any news.

An outdated model and now vulnerable and in takeover territory? Maybe that wouldn't be such a bad thing

Good to see a positive move here today after what has been a fairly steady decline since the end of May.

Still a long way off the May high of circa 1.97, but this is a start on what is still fairly modest volume.

The arrival of sharebel is a definite sign of the ramping traders turning up to make their coin and try and get out while telling everyone this will run on and on. He does the same thing on every share. Ignore sharebel ramping posts at all costs and dyor

Not sure that current banking licences would allow for bitcoin. MODE had to give up various incentives as part of gaining it's licence, so I think it would currently be too restrictive for others to go down this route.

Regs may have changed since MODE attained their licence though

I think it is a good snapshot of the current situation here when posters are talking about the direction of trades that make up a daily volume of less than £25k, or less than 0.25% of shares in issue. A truly pitiful amount

Given where this has been for the best part of this year, I would have previously taken close to the current level just to cover my platform fees for a year or so, so anything over 3p I would consider a result. 5p and it's only a 75% hit. 10p I clear my non-ISA position and would sit and think hard on my ISA holding.

Not thinking anything over and above, as that would likely lead to disappointment, so 3p to 5p is my cautious target without further information.

gla

It was always going to happen with any director trade. Posters complain there are no director buys, and then when they do buy they complain about the amount, the timing, or the SP they bought at.

Accept it. No, not a huge amount, but if he put in 50k people will only query why he did not buy at 0.20, 0.50, etc.

Maybe something has finally clicked and they are taking notice of what shareholders want and expect. The jury is out on that for now, but a step in the right direction.

Will the market react positively, or will it be more 'meh'. Probably a case of nothing to see here, but...

gla

Whilst the turnover of NED's has not been good this year, I personally do not feel that NED's moving in and out of positions is that big a deal.

It could become a bad habit to keep changing NED's, but their impact on day to day operations is minimal (oversight, advice, challenging mgmt, etc). They are not making decisions, or operating at the front end to drive the company forward.

Perhaps they were out of their depth and not bringing enough to warrant their positions given the growth seen/expected with the company, and more experienced oversight is needed now?

It would be a bigger deal if the actual day to day Director's kept changing, of course.

Ocelot,

The permanent pipeline is well advanced too.

It's just that instead of the originally expected August commissioning, then September commissioning it is now October, and late October too rather than the early October anticipated by many here.

Just because something appears to be well down the line, this is ANGS, so progress is one thing, we are always being told of progress, delivery is another.

On the positive side, both of these issues coming to fruition should see some upward movement on the SP.

Is end of October for delivery on both generous enough timescales for ANGS to deliver?

ANGS is, and will be judged on results and delivery, not 'progress'.

gla

Where do you get this from?

Directors are only restricted from dealing for 30 days before FY results and 30 days before HY results.

There will be internal restrictions outside of this period regarding dealing when they are aware of any material information but this does not necessarily mean they cannot trade and it does not mean that news cannot be released

I had totally written this position off when over 97% down at the start of the year, and pretty much for the 6 months or so before then. Only held on to use losses against any capital gains for this tax year.

If I can recoup anything more than the current value that will be a real bonus for me.

Sure many will be in a similar situation.

Good luck to those that bought in at the low levels of the past 8 months or so

Simms, while I don't disagree with your points, we have seen excitement from posters here before about a 'massive' collaboration with Wood Group that was 'imminent' and never materialised, and North Fork seems precariously balanced, so not one to count on. Expecting a white knight to come along with a barrow full of cash to make a strategic investment here is difficult to see at present (although a possibility, of course).

Idex seem to be the best bet on a collaboration basis.

I agree that small projects in Europe seems to be the way forward and more likely to attract local funding, so at least the bod has recognised a more realistic, and potentially achievable route to longevity. This has no doubt come about as a result of financial need and perhaps pressure from significant shareholders, rather than a strategic decision given the collapse of the UK projects and the financial implications.. What is a doubt though is their ability to stay afloat to see these opportunities come to fruition, and investors, and the market seem to have doubts that the tech can work to a commercial scale. Until this is proven, we are likely to see more of the same.

I have doubts that Q4 will see too much by way of meaningful news based on recent announcements, so that will leave 2 whole years that investors have realistically expected delivery (and on a profitable scale) to bring all the promise and anticipation to fruition, that has not materialised.

It is plain to see why investors are not happy, but what will the bod do to actively restore trust and drive the company forward? We hear a lot of talk, but that does not pay the bills.

Funding is still a big question mark and it is disappointing that the bod did not choose to make a presentation and Q&A on the back of the interims. This is poor from and a bad move from them not to face up to recent disappointments, imo.

Italy news, likely Q1 and North Fork news. also more likely in Q1 will be sink or swim, I fear.

The backing of the sector, so loudly lauded by governments a couple of years ago, has seen a massive u-turn in the UK which is why the big projects have failed.

Hopeful of a surprise in Q4, but not sure where it could come from seeing as the majority of news expected in 2023 has been delayed 'due to circumstances' to early 2024, mostly due to funding issues and getting fundamental data from Italia MDC which shows how critical the success of performance improvements to this project is to other projects.

Hope to be surprised, but performance to date suggest much of the same for the rest of 2023.

gla