Member Info for D14M0ND

Sonic - if you read my posts, my oil play is just a trade and not an investment.

You clearly have not done research either then sonic. Read all the presentations from the ipo and they are all the same trying to achieve growth. You will see in the last presentation that the revenue, cost of sales and loss in the last 5 six monthly reports are pretty much the same - no growth achieved so far from all the placings trying to achieve their goal in pretty much the same way.

I have quoted figures based on the reports and in line with AHs views and proved his figures will not work.

The are currently losing £1.4m a year and for every £500k wholesale contract, the profit is only £50k. For each retail customer in the first 7 months will be loss making. With just 300 (in theory new customers when actually 20% are existing?) even at £10 profit per month thereafter, they need instantly at least 12000 customers at nil cost to get close to breakeven. Trouble is there is a cost to achieve these contracts of about £1m.

This is such an easy company to check and the figures are there and AH has forecast how he plans to achieve breakeven - it doesn’t work but enjoy the spike and watch the traders and placees get out as quickly as they can

Scaremongering?

Read the accounts, the September 2018 presentation (read the 2017 one will also make you laugh - as almost identical to 2018) and listen to AH presentation. The figures are all there and extrapolate them out and this business will be skint in a year and still losing £1.5m a year.

And forget the wholesale contracts of £500k I have read about making 10% on wholesale - so £50k GP in a year - doesn’t do much to get rid of the £1.4m loss does it!!

Frightening how easy this is to check and many are not able to do it

Enjoy the rise and looking forward to the crash that follows - some traders will get out and leave those that cannot or could not be bothered to do their research to lose out.

The 11.24am trade was a buy at 13.099p
The other 2 at 10.01am was a Bed & ISA

Bit concerning no one wants to buy at these low prices but people do not want to sell below the bid today. The company needs to issue something but I feel the SP will be out of the teens this week and probably tomorrow.

99% never agreed a placing was coming but looking at the posts over the last several weeks, this percentage has considerably reduced.

Still thinking the cash in the bank is ~£1m and although it said in the final results the overheads have been reduced by 30%, this is in my view, is not saving 30% of the £6.878m administrative expenses.

Suspect that we see the 12s tomorrow which puts pressure on the next placing which I thought was 10-12p. The 10p placing will be very hard to achieve if it drops further.

On top of this, wti has nearly dropped $10 since RP mentioned the figure from ED being $600k in the first month - clearly assuming they are as successful as the first 2 wells. First month revenue for 2019 has already lost $90k, $77k in month 2, $65k month 3 etc on top of the first 2 wells currently not in production losing £50k per month. Money is surely looking tight now and if wti continues to drop, more pressure will be put on the finances.

The more time goes by and with the existing revenue dropping currently due to wti, the more funds HNR may need and again, putting more pressure on the funding price Highlands may achieve. It is currently very difficult to raise money at the moment without a huge discount.

Previously said I feel single figures are coming but day by day, the chances of this seem to be increasing.

Still watching - placing coming next year at close to the nominal value of 0.0677p or administrators in.

The is a POS and this business is worthless as pointed out several times with figures produced in the financial reports and the rubbish spoken by AH in his presentation.

Just got above the placing price and you are happy? Long term (in less than a year) this will be way below 0.1p. So I am not wrong - if you read my posts you need to wait about 6 months - but you keep putting your money in here

Looked at the chart and recent RNSs so couldn’t see any reason why this was not worth a good trade over the next few weeks. Time will tell but the increase in volume an breakout was worth a punt. Main news expected in third or fourth week of November so best to get in ahead of the news.

But an oily leak would be lovely though 😄

To fill a buy order, they need sells but all buys - hence filling a sell order as specified.

Never mind eh, you’ll work it out eventually - and demark quoting he was right - never mind

See this dropping this week into the low 20s

Catmundo - you got your prices wrong

Yes happy that rasmus put my analogy correct but it was just the figures. But cannot argue with that.

But your figures were bo.lloks and crashed through your strong support at $64.3 - such strong support - just watching it progress to the 50s to see how your analysis does lol

Oh dear Catmundo - why are you upset? Because within 2 days it crashed through your strong support at $64.3?

Not particularly bothered about what rasmus said as he is correct but doesn’t affect the point I made. Still see $55 coming before the end of January

You really are a tool HD - not for the first time

My tweet was a placing coming at 10-12p when the SP was 25p on the day of the finals - if you think it will not happpen then that is fine. I just wonder since the results on the 24th July which was apparent and I clearly said the teens were coming, why are you still arguing? I was correct and still only just in the teens but expecting them to be below them.

I just feel sorry for those that listened to your rampish posts and lost out from it due to the fact your rampish views from the results on the 24th July when in reality they were terrible. I posted on that day that they were poor results and teens were coming. A short period after the placing was in my view inevitable and coming in 2018.

Just baffles me why people are thinking about no funding for future projects when HNR are broke. Even if HNR currently have £2m (way too high) they do not have funding to the resolve one of their projects due to their massive administrative expenses and project overheads.

The spouting off about Kansas is the believers agreeing with the company with their own emphasis on the project to support their belief. Total rubbish in my view which many will be caught out in the future.

Can see a placing at 10p if £2-3m is required but possibly lower if more funds are required. Keep listening to the posters on here who have been encouraging the potential since the last results on 24th July. Those that have ignored me and listened to the RP disciples have lost out. The more that they listen, the more that they have lost.

All you can do is listen to the research and analysis. I have done mine on here for years and very happy with my analysis.

As per my tweet

18th August #HNR

AGM on Tuesday

What is current cash balance - suspect about £2m
Placing expected due to resolution 9 in 2018

Are HNR fully funded? NO!!!

Shareholders need to ask difficult questions

BOD failed to get no dilutive funding for ED - suggest they will not get it for WD
https://mobile.twitter.com/D14M0ND55/status/1030789666918871041

That was a placing at 30p - so a little confused by your question.

I have mentioned a placing in 2018 as per my tweets several months ago but as the city are drinking in the city during December, I suspect November is my forecast.

I think the current SP should tell you enough though in my view

Personally , not bothered at all

But the messiah of this board HD as the other one has reduced and probably sold out in my view, keeps going on about 2019 revenue which he keeps going on about.

But he keeps forgetting that 2018, there is not enough cash to continue into 2019 with the projects they have. People keep going on about Kansas which in my view is the only saviour will produce good revenue.

But whatever way I look at it, HNR do not have enough working capital to continue with all their projects with their high administrative expenses (yes reduced by 30%) and even wit( revenues from ED with 8 wells and the water purification, HNR need funds - they cannot leave it to Easter next year if they can get through to that point as the SP will be considerably reduced.

Anyway, have a good evening and catch you tomorrow

Bit more research required - with crude oil crashing, the $600k has so far already reduced to $550 and expect it to reduce well below $500k so the water purification revenue is somewhat irrelevant in the loss from ED that is expected.

But I suppose people are purely looking at Kansas which is a fair point as WD, ED reduced and first 2 wells suspended, DTU & Helios not going to produce additional revenue in the short or medium term.

As I have said before, not ignoring what HD has said but my view is HNR will need their own revenue on top of a JV or upfront costs to proceed with this project as the funds are not available.

Still see an RNS with a Kansas agreement together with a fund raise to put the project into production. Not that they need funds purely for Kansas but their other projects also.

2 trades Monday
2 trades Tuesday
1 trade yesterday
1 trade today

The 2 trades of 1,400,000 was a rollover and not 2 buys

Remind you of that tincup when is gets close or probably in single figures

Recently hit $63.19 but bounced up so broken my support of $63.53 - see what happens later and tomorrow

https://www.marke****ch.com/story/crude-oil-tips-higher-but-is-about-to-log-a-9-october-retreat-2018-10-31

Broken your strong support at $64.3 and below $64

Needs to bounce of the 61.8% Fib at $63.53

But bearing in mind the futures are looking around $57, it looks like the the 50% Fib of $59.43 will be hit but so can the 31.8% Fib at $55.03

So the revenue expected for 2019 is being reduced day by day and already the first month has now reduced from $600k to $550k. If it hit the $55 that is realistically possible, then the first revenue will be $470k and being reduced each month by around 15% - a lot of pressure being put on 2018 finances in my view and 2019 not looking too good either.

We are also assuming that they achieve the same flow as the first 2 wells for all 6 of them.

By the looks of it

Temporary rise while buyers complete the sell order and then another drop I suspect

👍

Useless one liner as normal mannnan - you never contribute to anything.

Now I am bearish (not a deramper at all) but with the rubbish bullish posts by many unresearched posters plus the carp written by yourself, someone has to balance the board.

Funny though, been right since the IPO and continue to be correct but hope many do not listen to your trading views - you completely talk nonsense!!