Member Info for Crocqman

Is the RNS clear on debt/funding levels though?

Any RNS on income/cost from production, or debt/funding leads to several different versions of what is 'clear', and all posters believe their version is correct. This is usually a result of a lack of transparency from the company which gives rise to different ways to interpret what they do publish. Of course, agendas at play do not help with 'interpretation' coinciding with particular poster's pov.

EQT is certainly in a healthier state than it was just this time last week.

To say there is no downside here though is false. There is always downside with any share.

To also say this is out of the woods is also false. There are signs of progress with the news last week, but they need to build on this.

Let's wait for the expected news on North Fork and anything else before jumping to (currently) unwarranted conclusions either way. We need to see news on North Fork within the expected time frame, as well as seeing a change in comms to be more transparent, and delivery within expected timescales on various fronts.

The drop after a good rise from recent news usually tends to happen, it is down to EQT to build on this.

gla

Always likely to remain 'undervalued' until such time as potential is realised.

Doesn't matter how much is in the ground, and its potential value if production does not unlock it.

Still a way to go, but looking good and continued signs of progress in good time will help with sentiment here

gla

Here we go...

And a further resource upgrade expected in a few weeks for Francisco Basin.

Surely, this will move back into the 40's today

gla

It's Sunday morning and yet it's still all about robday vs WG818 and who knows best and can make the 'cleverest' put-down.

Talk about obsessed.

Tiresome. Both now filtered

Quite apt that Lucan gets the chop on Bastille Day.

Vive la Angus!

Good summary.

On the back of the latest results and update, I have taken some profits elsewhere and added more here today. As per my last buy in June, my preference within AIM now is to be in companies producing, rather than in exploration.

My average here is finally sub-50 and comfortable with that, but as my 3rd largest holding now, I cannot justify further additions here. A hold for me now.

gla

Paul,

You will not get a response other than the standard 'it is a free world', 'everyone is entitled to their opinion' type posts. Their favourite is 'play the ball, not the man' trying to suggest that the frustration should be at the company not the poster telling 'the truth'.

I have seen posters make dozens of posts a day on shares they do not own for years. One poster on another share has circa 6,000 posts on a share going back 5 years or so, all negative, all refuting factual information, all just to help investors who may believe the 'rampers'. I filtered them 4 years ago but there are sill dozens of daily replies to them asking the same thing. They will carry on whatever anyone says. It is a game and they win by getting a reply, or a clever insult - I am helping with that right now too.

It is utterly pointless replying to these posters, their only interest is to disrupt and encourage people to reply. Name calling like DrP and others, only encourages it more. That is their aim, that is why they do it.

All responders do is add fuel to the fire. But some of those get their kicks from doing so, they think their insults are clever and that encourages more to jump on with more of the same, so it is a never ending cycle.

I have them all on filter, but doing that you still see the ego driven posts trying to out-do them.

And for balance, Daz is just as bad, Merc too, imo (also filtered).

Anyway, no more visits here for me today, clearly not going to see anything relevant or worthwhile, especially from the 'my share is better than your share' saddos.

Let's hope so. A good update this morning.

I bought in at the IPO and cannot justify adding further even at the low. One for the long term, for sure, so although disappointing to date, not a huge concern.

I must confess to not paying too much attention here of late and did not even know that they had started releasing a monthly newsletter. Plenty of reading for later now I have seen these going back 5 months!

Good luck

Despite having a high average myself, I don't think it is helpful to reference the high of 2.5 years ago as a valid comparison for where the SP is now.

That high was a unique situation for the sector as a whole, a complete hype job with many rushing in to try and take advantage of a sudden surge in interest and SP of stocks that had little or nothing to justify those SP's/MCAP at the time, or even now.

EQT cannot be held responsible for that rise, or the SP high - just look at all of the other similar stocks that saw similar explosion at the time (AFC 85% down, PHE 95% down, ITM 90% down, Ceres 80% down, etc).

It is very clear this current situation is not EQT specific no matter how you try to spin it (that does not excuse the progress over the last few years though given the interest and opportunity presented).

The starting point of this sector-hyped rise was circa late-40's, 50 max - this for me is a more valid and reasonable reference point for any SP/MCAP comparison and where I will be looking for this to reach over the short term (end of year is my review point still, despite the good news yesterday).

My high average is due to getting caught up to an extent with the hype and one particular Buy that I made when the big rise was in full momentum. My fault. I got carried away with my big gains in AFC in a few short months. Fortunately, I took my profits there when others were still saying it was a nailed on Buy.

Hopefully, we can hold on to yesterday's gains, and this is the start of some stability in the SP and a base for future growth.

gla

Volume today has already exceeded anything this year bar the equity raise RNS on 21/03/2023, and will exceed the next highest volume day from more than 2 years ago back on 21/03/2021.

Late November 2020 to early Jan 2021 was the last really sustained period of high volume when the SP rose rapidly from circa 0.49 to circa 2.70 over a 2 month period.

Not saying for a second this is going to happen again as that was totally different scenario, just highlighting the unusually high volume today compared to normal trading days. Volume will help to drive the SP along with news

Tks Oakley.

That is just the flow line trough works though, I'm sure there is more to it than that, especially given it was only 9 days ago they said end of August for commissioning. Good to see the progress though

We are due news on North Fork in Q3 too, assuming all is on target there.

It would be good to get some momentum going here both in terms of project delivery, positive cash flow and SP.

Not expecting rockets under the SP, but positive news will go some way to restore shareholder confidence and returning sentiment can only be a good thing.

Why do you think the flow line news will arrive this week?

The last RNS gave a timeline of end of August for commissioning (RNS 03/07)

What other conditions are required for the suspension to be lifted?

Accounts have been logged. Can MODE decide to stay suspended until such time an update is to be released?

What are the next steps here?

tks

Just to add, as pacifico rightly says, we do not know the costs involved to EQT under the agreement through to 2025. From a cashflow perspective, this will not be seen until next Q at the earliest.

We will probably not see these until the next set of accounts, where hopefully they will be allocated to this project and not rolled into a total so we can see how profitable this particular contract is. The agreement is likely less of an upfront payment and loaded more towards the performance milestones and the contract itself, so plenty still for EQT to do to earn their money here.

Still good news and the initial signs are that the market likes it too.

gla

This 'whinger' has a decent sized holding thank you Mr 86 posts.

And what do I have to say dofmeister?

Well, I have to say well done. I wanted to see signs of tangible progress and in good time too,and this news comes quickly off what they said in the results RNS.

The fixed consideration is modest, but the contract looks attractive.

Hopefully this will have a positive impact and will be the start of a change in the SP trend.

Let's see more of this. I am pleased with this update.

Is that good enough for you?

Not sure that dividends would make much difference to an investment case for Fund Managers.

They are more interested in the fundamentals, cashflow, Director investment (buys not options), mcap.

Paying a dividend or not would not enhance an investment case over anything else, imo.

Getting the mcap over 100m would be the most attractive indicator at this stage for any large investors

That's the key though chilting, averaging down.

If I saw signs of progress then I would consider it, especially at these prices.

However, EQT is already my third largest holding, and I am 85% down. My 2nd largest holding has been suspended for several months, circa 95% down. I am overexposed to AIM currently and cannot justify adding in this space currently.

I did have a share 95% before and averaged down there, but it took 3 long years to take profits. I could see signs of positive action there though. Not convinced on EQT, so the bod need to change my mind, and quick.

Fortunately, my largest holding is doing well, my dividend paying 'blue-chips' are marking time, my funds are doing well and I'm even getting ok returns on premium bonds, so I can afford to wait on a couple of bad eggs, but end of year will make a decision based on progress seen. 3 shares are on my watch list to take the hit and move on.

It's always a great buying opportunity whenever the SP is down, regardless of all other factors at play. Hear this on every AIM share, often it is misguided hope at best, or deliberately disingenuous at worst (the OP looks more like the latter in tis instance, imo)

Sad to be 50% down on what I, like many I suspect, were likely expecting a short wait for gains when the side track became live.

I was only looking for a conservative 25% on the expected doubling production, while many were predicting 4p plus.

Typical ANGS really, and typical AIM.

Will await the outcome of the finance facility, any flow increase from permanent pipe line due 'in the summer', and the SP effect from winter gas prices, but looking it will soon be time to cut losses here - I will give it until end of year to see what news lands (like with another share I hold going through similar SP action currently).

Fortunately, I made good profits here pre-Brockham, and (eventually) after first gas too, but disappointing nonetheless to see the SP where it is now.

I still feel it is SFB or nothing for ANGS in the short term, anything else is simply not affordable at this time and should be put on hold until finances allow (imo).

gla

gla