Member Info for DD77

Agree AJP, I'm looking forward to the presentation later. Bear in mind these results are historic and we've had 3 months since then with sales accelerating. I expect it could reach double figures in the coming weeks if the presentation is well received

Bonomo is a useless sunk asset though, it wasn't commercially viable for BLVN to develop.

Disappointing RNS, reflected in the SP reaction. Can being kicked down the road again. It seems there's a long way to go in getting agreement with SNH. Hopefully opening up will allow discussions to develop in 2021. Interesting this quote:

Currently, the facilities development cost, relative to the production levels we can achieve due to commercial and regulatory approval issues relating to the sale or utilisation of methane gas production, can be improved upon. Whilst the proposed 'Base Case' development concept tested by FEED provides a positive outcome, the economic value is lower than the minimum level the JV partners consider desirable. The JV Partners are confident that further discussions with the Government of Cameroon, represented by SNH, can progress to a stage whereby a development concept with significantly increased economics for all parties can be agreed upon.

That smashed expectations for me, things looking really good

Correct, he wasn't downbeat, that's his personna. He does have a habit of mumbling on about things though.........it would be better if he was more concise and we could have actually got through some more questions on the presentation

Initial thoughts on the presentation are that it was very similar to the last! Lots of promise, but little delivered. I've always found Budd to be honest and upfront, but I do question the capability of bringing products to the market and I think they now recognise this, hence the partnerships they're entering into. So perhaps if these partnerships bear fruition, the promises will actually be delivered. At the moment, we're very much in a holding pattern and I don't expect any material SP movement until we get some positive sales. It could then re-rate significantly.

The only positive from that presentation to me was that we're not likely to require a further cash call........and the approval/distributor agreement in Thailand

Interesting that they state there are issues with saliva reliability..............AVCT indicated the same

Yes, more jam tomorrow

Likely to be further dilution down the line for the balance of the 51% though. It's a positive RNS but there's always issues with micro caps, things are never as straightforward as they appear, particularly in relation to company setup

I'm surprised they secured 110% of the open placing offer, but that's encouraging all the same. I wasn't going to participate when you can buy on the open market at similar. Hopefully we now get a long awaited update and some information on what the funds will be used for

Lots of late trades going through, which makes sense and would justify the SP rise. Someone appears to be stake building

Someone call the plumber.............in fact at this rate, we might need the fire brigade!

I don't think the volume is particularly significant, not enough to see a 20% rise. After being in the doldrums for the past month or 2, it seems to have come to life again. My view is that it is still significantly undervalued at the current MCAP but the last trading update didn't reveal much so we didn't get the push on many expected. We are due news so hopefully this the lead upto double figures

The pump and dump crew are out in force today I see.......

I think the main reason for that is because EQT have quite a lot of complexity in relation to their business, which mean it can be quite difficult to understand for investors. They have also been scarred by legacy issues. Regardless, EQT is massively undervalued IMO, I'll be looking to add more (I'm gutted I missed the dip the other week!)

I too would like to know that, no indication that it's Primary Bid like most use these days.

It seems particularly bad timing, on the back of the interview he did on Friday. Makes him look insincere and lack integrity. However, the Burtons are putting their own £ in with the placing so that shows confidence and should reassure some investors. Because of the size of the raise 40% of capital, I don't expect a big rise coming as some companies experience............not unless there's significant news in the offing. It may even drift below placing price without a steady positive news stream.

It's always been a speculative one for me, and i'll continue to hold and may add at a lower price if i get the opportunity.

I wouldn’t wanna be out of this at the weekend:)

I can only think that the ODX hoard don't actually understand what ODX actually do..............they're like the green eyed monster

Quite Marunum, I view this being de-risked somewhat now and would view the odds as greater than 50/50 for go ahead. Pieces are starting to fall into place again.............we've had a number of false dawns so this could still fall but as the market is now recognising, it's becoming more likely

This time next year Rodders.......

Clearly PMO can't say too much about Sea Lion because it will ultimately be Chrysoar's decision and also they'd want to claim the glory. But all looks on track to me, particularly with the POO.

What interested me most in the RNS was this section about Falklands:

In addition, the previously differing interests between Premier and Rockhopper across the various Sea Lion licences will be harmonised with Premier, Rockhopper and Navitas having a 40 per cent, 30 per cent and 30 per cent interest, respectively, in the Sea Lion licences.

Is this a material change to the current position?