They have already created the news from the results and AHs rubbish he bluffed his way through the interview.
All worked out by many and his plan has no chance of working and inevitably will speed up the adminstators being brought in or a huge massive placing near the nominal value of 0.0667p.
Scully, you can sell 2.5m at 0.225p but 3m is 0.21p so will only take a few nervous investors to bail out.
Anyway, thought you had dropped your target from 0.18p to 0.08p - I assume the later will come in time but not that long until you see your 0.18p
The sellers are back, those frustrated pi’s that were involved with the placing decided to cut their losses.
But no many buyers all week at this massively discounted SP? Why? Well it has been explained by many several times.
L2 1v2 and low 20s on the way in my opinion. Be surprised if it closes at 0.255p
Don’t think so HD playing on past emotions.
Preducted teens coming on 24th July with my target before that at 14p - not playing on any emotions but looking at my analysis and is what I think.
Funny how you all thought my 17.3p was stupid and clearly mental when I said 14p at least 6 months ago. Never mind eh. I know what and when I said it and what I’d was based on.
Enjoy your evening
Oh that makes sense. Buy at 14p when I see it closer to 10p - choice of around 10 I am looking at but once funding is sorted, this looks like a good trade. But not until then.
If I wait, I can make 40% if my target is right by the time it gets back to 14p - then out
And the reason I post is every post is too bullIsh in my view. Try to create a sensible discussion but just get childish snipes and pathetic name calling.
But at least every time I post, it at least creates some activity. Makes me laugh when no posts all day and I post one, 10 come out within minutes 🤣
So on your figures, the revenue for 2018 missing so far, Nov & Dec ED 6 wells revenue of ~£900k and so far £100k from the first 2 wells so far
So £1m of revenue lost already before the end of the year - oh well I am sure we have so much cash to fill the hole
My target has not changed since last July when I though a placing coming 10-12p
But I am not invested so if I miss the bounce, I miss the bounce. My post was to those like lloydiee that are invested “ I feel this will go lower still but wouldn’t take the risk if invested“
Does that not make sense to you?
Keep going on about 2019 revenue HD
Apologised and explained enough why I got this figure wrong as I am not invested and looking at 2018 when money runs out and not 2019 revenue. Keep dreaming of Kansas where it will sort everything out for you. It will not
Are you that foolish HD
I have explained on here several times that whatever revenue they get for ED 6 wells for 2019 does not affect the cash balance for 2018. I didn’t check with the company as I am not invested and that is revenue for 2019. Bearing in mind the cash will run out in 2018, the revenue for 2019 does not stop the requirement for funds for working capital for the other current projects. If I had checked with the company I would know but looking at 2018 cashflow. I apologised to you in public and this is the response I get so really looking forward to yours when you have mislead so many.
If many had listened on 24th July when the SP was 25p when the teens were predicted due to the poor final reports, many would have sold and broken even. Unfortunately listening to your pure bullIsh posts, many have thought you know more than you do.
If you are currently working on water purification to support your argument then God help you.
Why do you think the SP is where it is HD - begging bowl in my view and been looking for a while. A few RNSs have not helped the SP in October and so what do they do now but beg - they desperately need money but not according to you. All pretty much said in the finals. I predicted £3m cash and with the True money, would make £7m. Not sure what you said but most were £8-9m. Unfortunately it ended up at £4.6m. The administrative expenses I said around £5m - which was £6.8m - terrible results. And do not believe the 30% is a realistic figure on all the administrative expenses.
You carry on preaching to your flock and in my view completely misleading many who either are less financially understanding than yourself or they do not have the time to do the research. I am pretty sure you will be red faced and not me.
Looking forward to copying and pasting some of your comments in the future.
21st August #HNR
As pointed out in my caption:-
“News ahead of AGM like the last 2 years - suspect news on Nitrogen, Helios or may be a general Operations Update”
No new news - poor ramp ahead of placing upto 29.5m shares - resolution 9
Need additional revenue or SP may suffer further
https://mobile.twitter.com/D14M0ND55/status/1031788265546948608
21st September #HNR
Personally I would be waiting for the placing especially after yesterday’s news.
Recent #HNR AGM got authority to issue ~29.5m shares. The cashflow will only last to another quarter in my view and only revenue stream delayed a few months.
See a placing at 10-12p soon
https://mobile.twitter.com/D14M0ND55/status/1043063470936281088
21st October #HNR
I agree with you, if the strong support line is broken.
Also expect strong bounce - feel the market is not that inspired & feel a fundraise is needed while they can.
Been in since the IPO & watch the trading daily. RP didn’t want a 12p placing last year either - but funds reqd
https://mobile.twitter.com/D14M0ND55/status/1054122742516236289
July 24th #HNR
poor results - SP dropping - teens coming
Trade receivables = payables
£600k cash balance, £3.9m from True
March cash balance ~ £4.5m
Overheads 500k - current balance ~ £2.5m
No real revenue now
ED Nov revenue only £300k/mth then
Nominal value 1p - why? Placing after AGM
https://mobile.twitter.com/D14M0ND55/status/1021720545803595786
18th August #HNR
AGM Tuesday 21st
Resolution 9 - upto 29.5m shares can be placed if passed
Hope shareholders ask the right questions
Current cash balance ~£2m - will last until Xmas
From December, 7.5% from ED will not cover overheads or expand other projects. Questions need to be asked
https://mobile.twitter.com/D14M0ND55/status/1030634770185760774
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
You are quite right Joy
I predicted a placing 2018 before the delay in ED and before the AGM as was needed money anyway in my view. The delay due to the drought just emphasises my point though.
😭🤣
I will gallini - when the placing has happened and it hits my new target - way too high at the moment as it is possible it may go into single figures
Go on all - have a go when I said 17,3p that was rubbish, I then mentioned 14p and again that was rubbish
God if a placing happens by the end of November and it gets into the single figures or close, I suppose it is just luck then 🤣
Cat - 6353 I have a the next support at 6353 which is the 61.8% Fib - then the 50% which I must bounce off at 5943 or else the 38.2% Fib at 5503
JJAL - yes I have said it several times on here and twitter that a placing is coming 2018 - they will run out of money before ED 6 wells are in production. Needs to be sorted out before the end of Nov in my view
The company cannot and will not answer your question
Only as you are a hypocrite Scully and I noticed on my.lse premium page
What did you point out on a share you are invested in, sorry trade in:-
“Jayflash exactly you're deramping for a better entry.
Heard of morals and ethics?
There are Genuine LTHs here who you are taking money from. No shame?”
Couldn’t believe it to what you post on here and hence my answer:-
“Bit of a hypocrit here Scully
People seen your post on TOOP last week with the SP at 0.26p buy your comment was “Looks like this POS toopled down further today. 0.08p soon?”
You were happy to see it as a trade and a good buy a month ago around this price but now you are happy to predict a decline on TOOP of 70% - may be you do not criticise others for doing exactly the same as you.
I have no issue with bearish views as and nor should you with your own postings - try looking in a mirror and you may see jayflash and stop criticising others“
So you are happy for those to lose 70% here but not on a share you have money in - hypocrite
So it is possible a 10p placing is coming as it feels like the cap is going around the city seeing the best price the bucket shops will offer. May be the odd MM knows and refusing to accept sells like they have done for months. My buy in price I have several options but will set once the funding RNS is announced but considerably much much lower than here. I have been consistent with my views and to date, clearly better than many currently invested or they would have sold ages ago.
HD keeps going on about 2019 revenue when I have pointed out the cash will run out this year before Christmas. They do not have enough cash for working capital this year to progress their projects and cover their administrative expenses. Yes he doesn’t agree - that’s fine but if the placing comes, he will be looking silly and so will those that follow his advice.
On top of that, £100k revenue so far has already been lost in ED. The next 6 wells which in theory was $600k for the first month, has already been reduced to $570k due to the drop in wti. Can see this being around $500k as I see wti possibly going to $55 if it breaks $63 by the time production starts.
Yes many laugh about my charts but they give you an idea what can happen, nothing is written in stone and timing is impossible to point out. Now my support level at 17.3p acted as support, then it bounced off my next support at 14p and see where it goes next?
I feel like a fundraise will happen, yes I am the only one as 95+% think it will not, especially the odd few messiahs here that many seem to worship and any views against the majority are tried to push off this board with misusing LSEs posting regulations. But as you all know, I have thick skin. But pleased a few message me directly and a few agree in full but mostly partly.
I have pointed out the multiple red faces I expect to see here but there currently is no egg of my face yet. Time will tell.
JJAL - Do not fully agree there as such when I pointed out buying 50k is at 14.08p which is below the mid and you cannot sell as NT. Can see it back in the 13s later - I said can not will - but no one wanted to buy all afternoon and to sell 50k since 12.36pm, the price was way below the bid at 13.36p. This position stayed all afternoon at these prices since then. The 2 trades of 10k published at 16.32pm were a trade at 12.36pm in my opinion when a MM lowered their prices and only reported by the MM at 16.32. There were no UT on L2 so I feel it is an earlier trade.
So no pi wanted to sell that far below the bid but no buyers either. But am sure it will happen tomorrow.
Earlier in the year my buy in was 17.3p which did hold up several times and I pointed out I felt the next Fib at 14p was more likely so I moved it.
However, the results on 24 July were very poor and with the SP at 25p I could see the teens coming. With the AGM agenda together with my calculations, I could see a placing coming before Christmas between 10-12p. So why would I buy at 14p when I see it much lower.
The company in theory was supposed to be good at raising funds. The DT warrants was the best way of raising money at that time but felt it was poorly managed. The 12p placing last year was not brilliant using PrimaryBid and looks like the BOD try every way of raising money. The 30p raise was probably through a broker who forward sold the shares in the 30s ahead of the announcement.
The company have recently updated the markets with WD, water purification, Helios and DTU. So as I pointed out, a raise in my view will come with the only other project left is Kansas Nitrogen project or CO2.
Possible see it at 12.36? Delayed an hour?
Can buy 50k at 14.08p below mid & 100k at 14.12p
Cannot sell though!! Can see it back in the 13s later
Bloody hell Sculiy - you do talk some carp
Small free float eh 🤣 after a £1m placing to pi’s - do you understand what a free float is?
Cashflow positive in 2019 🤣
Expecting 0.85p 🤣
They are trying to dilute the project for future funding for phase 2 - if agreed, the revenue will be hugely diluted from the current wells. The revenue left will then not cover the overheads or SO holidays on a nice yacht.
But they will not succeed, and just pay the agreement with Gneiss Energy, an energy-focused advisory firm, for the purposes of advising on the project finance arrangements for the next phase of development. The answer will be - cannot find anyone to invest or take part of your 6.67% share. So a mahoosive placing never seen yet in MXO or lose their 6.67% interest.
Whichever way you look at this - a huge POS