Member Info for Daceon

I'm with you there and lets be honest this price action would indicate that sort of placing. But CUDA gives us profitability and a strong base from which to progress.

Wow! I actually thought things could not get any more dramatic here.

Why this sudden panic?

Why would anyone be surprised by a placement? We are a micro-cap looking to make an acquisition. That's how life works.

And what is with the sudden influx of posters and arguing?

A sure sign of transformative news I was once told.

I think that yesterday's RNS was very bullish indeed. Won't be long now.

CUDA resolution is imminent, the CEO has stated he will resolve comms issues with PIs, financing option are available, default was technical and had been resolved with lender.

Discovery is real and confident enough of information available to explicitly state that in RNS.

Happy Thursday

May point to a new director?

https://ir.petroteq.com/corporate-governance/board-of-directors

Robert J. Chenery has worked in the Petroleum and Natural Gas Industry for over 40 years. This experience primarily focuses on reservoir analysis, evaluation and management throughout North America and several international locations. Since 1981, Mr. Chenery has been President of Chenery Dobson Resource Management Ltd, a firm specializing in the evaluation and management of oil and gas assets primarily controlled by investors, banks and other financial institutions

Thank you Art for your statement today.

It's not easy when you are a small investor andi really appreciate that you made this statement to help us with our concerns.

Good job! Next thing is to release that CPR, let us know how CUDA has gone and then we can all relax :-)

I like to think I've got a strong stomach but this has been like spending two years in a bamboo cage with Christopher Walken and Robert de Niro.

I am 100% in agreement. Another load of traders onboard and a new low range. Brilliant.

I had far too much exposure here to be able to sit on my hands when the RNS stated that there were serious concerns about the ability of the business to continue as an ongoing concern. My worry would be that Art has shot us all in the foot here with his lack of transparency and willingness to play hardball with anyone he comes into contact with. The oil is worthless if he bankrupts us in his hurry to pull it out of the ground. Surely a farm in in makes sense here rather than endless dilution or more borrowing. I would feel happier that someone with a more methodical approach to running the company was leading.

I have been all in here for quite a while believing in Art's story and the company.

I do believe that eventually the company will come good but I no longer feel that success is inevitable here and have reduced the size of my holding accordingly.

I still hold a sizeable sum but no longer have the trust in the company that I previously had.

Those issues around the credit facility are too high a risk for my previous level of investment. Not necessarily that they are beyond fixing. If I thought that I would be out.

I am especially disappointed in the management for the recent displays of obfuscation.

How will this be addressed next week? Time to put on a shirt and tie, act like a CEO and restore some credibility.

Seriously. Tell us how this happened and what you are going to do about it Art.

The market is so volatile. Look at 4d. Very positive test results last week and dropping back like a stone.

Here could go to 100p on news but drop to 17p on trading. All we can do is follow fundamentals until they turn into £ signs. 5p a share would only be a loss if you sell.

Company is in the same place as it was yesterday. I personally think the company has been as awkward as possible while CUDA was up for grabs. Let's just see.

Sadly disappointing as Its not the barnstorming expose of all the exciting stuff that we hope is going on.

On the other hand it does say enough to suggest that we are getting CUDA. Which will help with the refinancing and the next quarterly and let us get some benefit from the POO. I have little doubt that production will grow one that 28% is ours.

It's been said many times here that the fundamentals are strong. As posted yesterday our mkt cap barely covers the sale value of the land purely as a prospect with no reserves. Add that on again in terms of infrastructure already in place. In prime US oil exploration country. At the early stages of production. With a previously missed huge discovery.

Yes we are languishing here and getting frustrated by movements of 5-10m in mkt cap. Who wouldn't? I do .

But emotions and investing are terrible bedfellows.

Even though I am hopeful that the next few weeks will be transformational for our SP I'm happy with £1 end of 2022.

Yes there is lots of good news but we are in a very spikey market at the minute. To build a sustained rerate, even on excellent news, will require a great deal of confidence in the management going forward. Wow us the roadmap forward. Show us the plan. Tell us the problems, the solutions, the timeframes. We are big boys and girls. We can wait. But this market hates uncertainly and we will not get a sustained rerate without removing it

Honestly I think Art should contact Tiburn and take him on part time as a market relations manager. It would be bold, show that PIs are seen as partners in the business and improve the company Comms x100.

I'm hopeful that Art has a lot going on in the background here. He has done some great interviews over the last 15 months talking about short and long term upside. He has promised newsflow. The CUDA issue has probably caused a lot of the recent silence and maybe there has been a sitting back by the company as they wait for resolution.

The difficulty here is that there is very little confidence in those forward looking interviews because the company has been so coy about keeping its shareholders informed.

Looking at the share price this week is depressing. We are producing. We've spent a good deal of money trying to produce more. We've raised funds to make a purchase and we have no idea how that is progressing. It does not build confidence.

Now, maybe the next month will give us some barnstorming updates. Brilliant! But going forward the drilling campaign will need funds. It will be much better to have a clear and open PR policy that will encourage new investors to invest in what could be a tiny titan.

To say there will be steady news flow and deliver it.
To stop this embarrassing situation of us having to dig for the production numbers of the company we have part ownership of.
To show that shareholders are valued rather than opportunities for free cash to keep the company chugging along.

It will be much more acceptable to raise 30m for a drilling campaign at an mcap of 300m than 60m.

Perhaps the next day or two will see point to that transformation and return that we have long been promised. Hopefully the fact that the market is not getting excited about it doing so will be carefully assessed by the management of our company and acted on.

We are your cheerleaders Art. Give us the info and we will hit twitter and telegram and drum up shareholders and investor interest for you. Keep us in the dark and we have nothing to sell.

Or you John I just read your post that you had been in touch personally.

I we were at £15 a share and got that bad news we would give it all away for another week. It's a very sobering thought.

Please do pass on our prayers to the family/friends if you are in touch with them Jiving.

Thanks for letting us know.

https://www.proactiveinvestors.co.uk/companies/news/977862/4d-pharma-another-stepping-stone-for-4d-pharma-after-company-hitting-primary-efficacy-target-977862.html

The current market really lends itself to a major getting in here with a quick development plan in return for WI. The infrastructure is in place, good amounts of proven incline curve oil present and and huge discovery estimated by a very experienced team.

With a fat wallet and political support why wouldn't a large neighbor take this on for serious money?

Morning all :-)

Thanks EV this is all good. Perhaps then the intention, especially with all of the investor relations Kiran has been involved in, is to pave the road to 49%, clearing the creditors debt on the way and pulling in serious investors as he goes along.

I would buy from Kiran - he's achieved a lot here and he's obviously personally invested in and committed to the project.
Weighing everything up, I can see why Kiran is making a point of taking the 49%. Being 100% prepared to take it is a priority.

So we will arrange shipping to clear creditors when the price is right, we're preparing to take up the 49% once offered and we are road showing the project to get funding in place for recommissioning all the while getting the groundwork prepared with the existing infrastructure and drawing up the PFS which is proceeding to plan.

Production expectation is 5.3mt per annum, 4.8mt at 65% using renewable energy.
Capex to get off the ground $168m (and once the creditors are cleared this will be the only debt associated with the project)
The PFS will be based on current licences but there are several pathways to increase production and lifespan of the mine once the mine is back up and running.

Thanks EV. GLA LTH.

Happy with that.