Member Info for dai2belts

"If Morocco really is true - which I doubt"

Well the company claim to have been on site..
And "is" concluding, rather than expecting to conclude,

"The Company has >>>completed the site engineering set up <<< and is >>>concluding<<with the trial now expected to commence in April 2023 and results being available shortly thereafter."

The "shortly after" is a little worrying though

looks like they were still paying 6.9 to take shares..
Anybody know how many brokers make up the MM for He1 ?

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Well if that land Permit does'nt come this year, we will get a chance next year..
But that visit to the IOM ??

My Worst trade, failed to execute his exit strategy, phew, I am not the only one..
https://www.youtube.com/watch?v=MACAAcpl96M

There is a playlist....ADV included
https://www.youtube.com/playlist?list=PLJ50fthh9EqhiNhlenxD79FQIvi6t8bU7

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ADV, Being a 1 shot wonder put some off, so it did'nt rise like some thought it would..luckily
I held until the day before the herd arrived :(
I think Friday the buying went mad, very soon after the bad news..
For some reason there was an Interims update released, when you would have thought it would have been good to include transformational drill result due any day..

18th Jan 2022 12:00 pm RNS Interim Results
19th Jan 2022 7:50 am RNS Buffalo-10 Well Drilling Update

The interpretation from the LWD tools and drilling information is that an approximate 12 metre gross oil column was encountered. Wireline logging results will be used to determine the reservoir properties (porosity, net to gross) and to confirm a net oil column.

have a good weekend

@BeBold, what did you base your decision to buy on, ?

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Owl reminds me of another poster, cant recall the name..
Or maybe a policeman, Sir.

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@KevR,
After ADV 80%, being more like 20%...
Then Matd are odds on
Plus I am out ;)

Cambo focus of protests,

Its hard to workout whats going on
UK Gov saying its encouraging North Sea Investment with rebates giving back up to 91p in the pound, yet majors leaving because of taxes..
Ofgem stuck between consumer and business, both unhappy with its performance
Shell pulls out of UK carbon capture project ?

Maybe shell are sending a message ??

Interesting
Last month, Shell split up its global renewable power business as part of a shakeup by new CEO Wael Sawan, as the company shifts its focus back to fossil fuels following record profits in 2022.

Will be better profits where taxes are lower......
https://www.offshore-technology.com/news/shell-withdraws-from-ccs-project/

https://www.oedigital.com/news/504886-ithaca-shell-uk-sign-deal-on-cambo-oil-field-stake-sale

https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-65497983

https://www.euronews.com/next/2023/01/26/shell-retail

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You would expect if it was Matd related, then Mike would be called upon, not the Mongolians pop in for tea and give an update...
Just all the parties involved ??

Isle of Man was rated the 8th best business and financial centre for “mobile wealthy” people to live in.

When money is involved you can only speculate...

Capricorn could buyback a bigger a percentage of shares after consolidation with that $25m, than now..
But now earns 50% cash back...

But fingers crossed they are willing to pay close £2.30

"The maximum number of existing Ordinary Shares that the Company is authorised to purchase under its existing general authority is 69,970,499.

The maximum number of new Ordinary Shares that the Company may be authorised to purchase under a replacement general authority to be proposed at a general meeting of the Company convened for 15 May 2023 is 22,265,269."

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I see someone has paid 0.7
Matd, did you find out anything more on the Mongolian Mining/Minerals guys visit to the IOM financial guys..
Very confusing message there, especially with MIke in the photo

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@KevR, hopefully 50p is cheap, as I have some at 68p :(
Thing just keep drifting..
Plenty of extra production to come on into 2024, Acquisitions, so should recover,

I see Zephyr had that bad news with their well blowout, price dropped and recovered, before falling lowe, and still falling even after hedging a good amount of production,,
Will have to take a look, and their production costs per barrel

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@Horult, dont forget to put some in for us too, then we can all come and have a free night at your local boozer ;)

@PortfolioPower, is that ramper a bird ?

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Could well be with Xviolets tip off

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@KevR, He1 trades look a little different, lot less pocket money trades..
Some big buys up to 7p
Then sellers in on 7p bid
With Bid/Ask 7.0/7.2 just before bell I got quoted 7.03/7.125..

At 7/7.2 trades price seem mixed, not clearly each side of the spread, unlike the morning
https://invst.ly/-yeyu

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@KevR, Activist Investor, there to invest or strip ?
50% dividend is dishing out $450m amongst share holders, which will result in shares being worth 50% less..
They just announced start of the $25m buy back which I assumed was some time during 2023, but not before the consolidation...

"Buyback of at least US$25m to be effected over next 12 months"

US$575m Return of Capital
========================
•Special dividend of ~US$450m announced today
+++++•Expected to be returned to shareholders in May 2023
---------------•Company will consolidate its share capital concurrent with the return( 70 for 33 new)

•US$100m special dividend in Q4 2023–subject to various conditions *

•Buyback of at least US$25m to be effected over next 12 months

•Additional excess capital to be returned via buybacks or special dividends over time

Mutiny ;)
https://www.reformcapricorn.com/

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CapriCoRn with a silent R

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AMC, could be the same if I dont buy lol

Capricorn have started the $25M share buy back, Mmmmmmm
I wonder why now, and not after the consolidation.?
After consolidation the shares should be same price, but half as many, so would'nt the buy back have greater impact in reducing share count?

Buying before ex/rec date, would'nt those shares be entitled to £1.15, unlike after ?
So spend 25M, get roughly $13m if all done before ex date ?

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Another directors buy £50k, yesterday....
100,000 at 50p

Maybe these..
03-May-23 16:13:25 50.00 78,000 Buy* 49.00 50.00 39.00k O
03-May-23 15:46:54 50.00 22,000 Buy* 49.00 50.00 11.00k O

but not sure what to make of all these double prints
Been reading some theories, myths

03-May-23 12:31:58 49.50 500,000 Unknown* 49.00 50.00 247.50k O
03-May-23 12:31:58 49.50 500,000 Unknown* 49.00 50.00 247.50k O

03-May-23 16:35:32 49.50 50,000 Unknown* 49.00 50.00 24.75k O
03-May-23 16:35:32 49.50 50,000 Unknown* 49.00 50.00 24.75k O

03-May-23 16:35:26 49.50 50,000 Unknown* 49.00 50.00 24.75k O
03-May-23 16:35:26 49.50 50,000 Unknown* 49.00 50.00 24.75k O

============================================
03-May-23 12:32:03 49.50 200,000 Unknown* 49.00 50.00 99.00k O
03-May-23 12:31:45 49.50 200,000 Unknown* 49.00 50.00 99.00k O
Hour gap before second prints appeared
03-May-23 12:32:03 49.50 200,000 Unknown* 49.00 50.00 99.00k O
03-May-23 12:31:45 49.50 200,000 Unknown* 49.00 50.00 99.00k O
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hopefully the smart money loading up for the ride back up