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Https://www.proactiveinvestors.co.uk/companies/news/1035751/saietta-group-s-indian-jv-says-new-production-base-is-now-full-operational-1035751.html
Strange announcement with no RNS.
Purchased for c.£190m in 2021, without the low unit cost mass production potential that SED has to offer. £28m market cap, I intend on build a sizable position as fast as I can at these prices.
It’s the advanced negotiations with a second OEM for the 2 wheeler body type and the forecasted 800k units over 5 years that would help take this to the next level, over and above the current outstanding progress with OEM one. With this and the PO’s for OEM one, solid revenue cannot be ignored and it isn’t outside the realms of possibility that the next run of finance before being in profit from March 2025, would be in the form of debt.
It’s the current finance that was overhanging the shares that has now gone. With a market cap of £28m odd, given the outlook, what an opportunity.
Can sell entire position at offer price, very rarely seen. They want stock to fill a position as next news promises to generate a substantial rerate.
23p paid.
Took a starter position yesterday and it took forever to fill and was displayed as a sell. Very excited about how undervalued this is in comparison to its prospects.
My point exactly, opportunity!
What is really encouraging here, is that imo the share price has been oversold based on a lot of negative sentiment from certain troll’s associated with the continuation of this drilling campaign.
However, encouragement should be taken by these self imposed questions being answered by the rig being fixed and the drill bit spinning. Thus contributing to an elevated bounce from these levels.
I for one have certainly viewed this sell off as an opportunity.
Although HE1 have to go about proving the basin themselves, to vindicate an investment in the company. It is my belief that Noble are in the process of de-risking the entire basin. Todays announcement, “Early indications are excellent and consistent with the results to date at Mbelele-1.” Can only be known as a result of “The wireline logging and sampling program is currently underway and preliminary results expected to be available in the near-term”, being further down the line than would normally be the case. Why else would the directors not wait to lend the business money prior to these results.
With the fractured basement now appearing to provide the same results as HE1, in that the helium shows increased with depth, should free gas samples be obtained from the basement it’s game on for all as a proof of concept.
It’s not about the day to day share price at this point, it’s purely and simply about confirming an official discovery to keep the money flowing into the basin to further prove up Tanzina as having a strategic helium basin. It’s share price will follow, and I’m now more confident then ever following Nobles latest RNS.
All about fractured basement
Vat rebate on confirmation of revenue according to 2022 annual results for which we have already accumulated over $500k of potential rebate prior to this campaign.
It stresses either how confident noble are of a commercial discovery, and or a change in rebate structure with Tanzina, but yes, does demonstrate another form of potential finance.
Having come into play for Noble may well see those that were hoping for lower prices finally engage.
Would be surprised not to see a nice blue day here.
Additionally and potentially of interest, they expect a significant VAT reimbursement from their actives from the Tanzina government.
A further encouraging outcome from their second well for which they are currently logging and suspending for future flow testing.
Results from samples taken from potentially both wells expected by mid December.
They have also commented on the open-fractured basement where the highest mud gas helium readings were encountered at multiples above background.
Therefore comes as no surprise that HE1 have suspended tai3 to later re-enter the well, and perhaps why Lorna felt that the first drill was so encouraging and positive.
Festive window? This is the drilling world, lots of my mates work during the festive period and don’t see family and friends over Christmas. Time is money on both sides of the equation, no time for sentiment!
This afternoon. Reasonable to assume that those those that wanted to exit are out now.
A good churn of stock for new buyers at lower levels.
I am sure that the AGM on the 15th December will enable the company to allot additional shares to beneficially raise funds.
This would tie in with our second well being drilled and noble Helium results that could result in an official discovery by mid December. Their second well is also reaching TD within days.
Sentiment and therefore price could very easily flip on its head here.
during 2021 the company raised $21.6m for its two well campaign. following that campaign, as of 31 december 2021 the company had a cash balance of $9.7m. less the $584,000 net cash balance prior to these raises the entire operational costs and related activities during that period of 12 months for a rig that was not owned at that time (implying a higher net cost to the business) was $11.3m.
as of the 30th june 2023 the companies cash position was $9.6m and they raised $7.9 in september 2023 leaving an approximate balance of $17.5m.
as such not knowing the cost of the respected rig, but appreciating that outside of repairs the day rate of the rig net to he1 is likely to be substantially less than the $11.3m incurred over a 12 month operational period in 2021.
assuming the same net cost, rough back of *** packet calculations would imply a $6.2m closing balance worst case scenario not taking the cost of purchase of rig into consideration, or the reduced net day rate cost of running the rig.
as such i think the company is far from running out of money at this point. draw your own conclusion with information available to you, you can certainly pick the bones out of this. but thought it was a better way of accessing the situation than just throwing out random insults.
all imo.
When this turns sustainably blue, all those that hoped for lower prices will only contribute towards the next bounce as they panic buy for fear of missing the bottom.
It’s rather boring!
So many blatant posts that are aimed at taking the share price down so as to ensure a lower entry