Member Info for Dan1605

The post as come from Roofershound who has been over with the drone. I'd normally call bulls*it but he's a reliable and genuine poster.

I think most are looking at this as an exploration drill Ocelot and not many PI now want to hold going into results. I can't remember the last time I saw a drill RNS as successful so investors are rightly nervous however this is not your usual wildcat exploration drill as we know.

So rather than suggesting that some are wrong, tell us what you think is happening. Come on WG, you're vocal enough on Adfvn.

Here she is... come on then WG, give us your take on it.

If they can pull this off (and I think they can) then it's a game changer. How many other AIM companies have revenue's anywhere close to £50m? Gas prices are falling but they'll not get anywhere near 50p a therm this side of 2025 unless something changes in Russia. My issue is GL, the rinsing of shareholders to line the pockets of his mates is a step too far. A placing I can just about swallow but fleecing us to pay Forrest substantial interest on his £1m loan is shocking. This flipping leaves a bitter taste and he will never change. The potential here is huge providing he can keep his hands out of the till, I just don't think I can trust him.

As a holder I have to agree Tygra. GL has shot investors at the knees and has killed any trust and credibility that he had managed to recoup. He's rinsed investors dry to benefit of his mates and moral is on it's ****. I will be sticking around for the result but then i'm gone, I see no long term benefit for investors here and the talk of a divi is laughable.

What's you point John? We're selling the bulk of our gas at 48p anyway and if you listen to some on this board the side-track will probably fail. This makes your point absolutely irrelevant and pointless.

There's nothing much left to say. It's like waiting for a test result (which it is), there becomes a point where you stop over analysing and just let thing take it's course.

Don't hold you breath Mental, there appears to be some disconnect between what the board expect and what is delivered. The Bluemoon results were expected back in early November - now 8 weeks late but we'll call it 6 because of Xmas. Ask yourself how a sub-contractor can be this far behind in what is a "quiet period of activity".

Calm down everybody WG818 will have to go and change his underpants at this rate.

$1905 - fantastic but unfortunately we don't have any resource so means absolutely nothing. I don't think Danglay has JORC so it won't add much there either.

I'm not accusing them of anything Talkingsense. I'm simply asking the question of whether the BOD are expecting the labs to perform better than they are. AH made a comment in which he was clearly expecting results to land over xmas. I like most are trying to understand the BOD's perception towards results and clearly they are expecting more than what's being delivered. Granted we've had 6 releases but we were promised these back in November.

Looks like it Honcho but we all know that these shares are tradable before they hit the market. It's a bit like the other pointless RNS we've had regarding Forums allocation. We all know he's been flipping for the last two weeks yet he doesn't get them until the 20th.

The increase is a result of the placing. This is from the RNS on the 19th Dec.
"Following the issue of the First Tranche Shares, Kemexon is expected to hold 219,142,894 Ordinary Shares in the Company representing 6.7% of the Enlarged Issued Share Capital"

What happened to the results that were anticipated to be in the inbox after Xmas? There is either some serious disconnect here between what the BOD expect and what the labs can deliver or that was another attempt to keep investors on the hook.

Of course it is, is that after you've accounted for your loss here? I remember buying back in and you paid a lot more than 1.55. In fact I don't think you've made a profit yet here.

I think a PE of 3 is the best we can expect Legallease and reflects valuations of similar companies turning a profit. The AIM market rarely prices anything at true/fair value. In the main markets O&G companies are trading at around 6-7 times.

My thoughts exactly push. At 12mmscf we should see conservative revenues of £50m. On a PE of 3 (again conservative) that's £150m or 4.5p. Just in case anybody decides to question how you got there.

They upped it by 0.1% a week after dropping by 0.1%. 0.5% is hardly a large short position and they more than likely got wind of the placing and opened it at 1.90p. At this point I'd say they know no more than we do or that short would be 2-3%.

The placing shares will take an age to shift and the BOD just can't seem to find the momentum to generate volume. We've been told that Creswick assays should be turned around within a few days so hopefully once we get back there things may pick up pace.