Member Info for D14M0ND

I think you missed the point - but you will realise when the next placing comes - keep dreaming

No surprise to me - not a free carry as the BODs told investors and not covering overheads - just hope Zoetic achieves RP’s goals unlike DTU, Helios, ED & WD

“Although Highlands is carried on capital expenditure, it is obliged to meet its 7.5% share of operating expenditure.”

“These recent events have meant that Highlands' objective of covering its overheads from East Denver's cashflow has not been realised over this time.”

But put an order in and it got filled - see at least 50% over the next 4 weeks

Exciting times about to happen imo - GLA

There is fantastic potential here but I feel in the short term, consolidation may be due mainly due to Spreadex selling. It hit the 423% Fib which is one of my strategies to sell.

It may well continue to further new highs over the next week or so and may do today and hope it does for all those LTHs that have waited for this. Great news and well deserved for all those that have held but over 250% profit in 8 weeks helps my portfolio.

But GLA as this news is the start which will help NFX rerate.

And didn’t take a large slice at 5.25p - thought on this occasion with news due, it was worth holding.

May hold until 12.25p and take the lot out - could be there before you know it?

Personally feel when it broke its year high, it already retraced back and touched the old resistance of 4.55p which is now support.

Was going to take a nice top slice at 50% profit at 5.25p but feel this could bag at least from here. As news is yet to be released, would be daft to slice now and feel it is worth seeing how May turns out. If news is good, expect to slice much higher and have a free carry - time will tell

I forecast well over a year ago that HNR needed £20m fund raise to self fund ED. HNR broker note also said something similar.

Once they diluted the project initially which reduced the revenue which made the self funding almost impossible. They needed around £20m to cover the huge overheads and much increased drill costs. To do this, they would need to quadruple the shares in issue which they did not have the authority to. As soon as this was announced, 5p nominal value was the best price the would have achieved or a consolidation would be required to at least change the nominal value.

It was quite clear with a simple cashflow forecast with these increased drilling costs, huge overheads and reduced revenue generated by not achieving the initial non dilutive funding that RP promised and expected, £20m was required to be self financing but the city would have hammered the SP.

If self funding was possible and achievable with this great project, they would have but they could not. They sold their 49,5% share at the best price they could get as all monies had gone and still have huge administrative expenses and a large cash outflow. The selling of this percentage saved their bacon or HNR would have been in serious trouble.

That is absolute rubbish trills - If they could, they would

Morning Miss G

I have sent my reply as a DM on twitter but as a quick answer, my answer is YES. Hope all is well

Why F458?

This is performing pretty much exactly as I said. But you clearly cannot read my posts as I have never and would never invest in this POS - been dishing this company since the IPO in May 2016 when it was at 8p and now at 0.37p.

Hope you take your profits soon as the cash burn is over £1m in the last 6 months. September 30th the cash balance was £2.144m and now over £1.1m. Pay the loan to DB of over £600k and left with £500k which will last 3 months. So let us see if the loan is paid and definitely a further placing in the next 4 months or hold off and a placing in the autumn.

Last profit taking before the next rise and seeing a new all time high

Wish I had waited another 10 minutes but hoping for at least a 50% gain at 5.25p before I sell. But I may take a large slice and have a free carry.

There seems a lot of potential here over the next year

Bought at 8.27am this morning

Then sold them in 3 batches at with 200k at 13.44, then 100k at 13.45 and finally 323,832 at 13.49 - so lost over £4K in just over 5 hours

Take these trades out and the volume is low at just 800k so far and so the churn will take some time

At least my average is below 26p

Some traders clearly worse off - the last sell of 27,103 were the sum of the 2 buys at 9.55 and 10.04 with buys of 13,564 and 13,539. Many misjudged trades - hopefully now they have bought and sold today, all being well tomorrow may be different?

Well the 65k sell appeared - no surprise there then

Trouble is it looks like a big sell at 12.09 - looking out for that large deal that will be delayed

Couldn’t buy volume but only in for a trade.

Hopefully be in the low 30s without any further news so looking for a quick 20% at 31p but could do 50% if 39p achieved. This could happen easily though with a little more interest - I’ll just keep monitoring

Why would RP buy when he can exercise 23.75m shares at 5p

F458 - the only IDIOT that seems very apparent is you - now calm down old boy. You keep dreaming that any CEO says 100% of truth - then God help you.

You are sounding a little desperate but if you are happy with your decision, then do not worry. It will all come out in the wash Eventually

I never mentioned the BOD were a greedy type - just twist the reality but those invested will find out in due course. I think it is perfectly clear what my motives are - never to invest here but I hope your decision to invest will work out ok. Time will tell