Member Info for E_AL

If they confirm the payment tomorrow then you should expect the share price to be sitting at such a ridiculous level ha.

The company hold multiples of the current mcap in the bank account, oh and all of its "exploration, appraisal & in production" comes for free with this silly share price lol

*Current sp £4m (<$4.7m)

1- 13 Jan RNS : "As at 31 December 2019, the Company had cash at the bank of approximately US$2.7 million"

2- 27 Jan RNS "The Otakikpo JV, on 25 January 2020, completed the first crude oil lifting of this year by the nominated offtaker, Shell Western Supply and Trading Limited ("SWST") (a member of the Royal Dutch Shell plc group of companies). LOGL expects to receive cash proceeds from this crude oil lifting of c. US$7.0 million. The next lifting, of a similar quantity, is expected to occur within the next four to six weeks."

3- 2nd oil lifting from Otakikpo took places anytime within four to six weeks from the 27 Jan : Another US$7.0 million.

*Total cash available should be $16.7m minus the running cost of Jan, Feb & March 2020.
**1st payment to Optimum: US$2.0 million (to be paid on or before 20 March 2020).

Friday 20 March 2020 is the deadline for Optimum's first payment, so its very likely that Lekoil will release an RNS tomorrow to confirm making the payment. They already have the cash in the bank from Otakikpo (OML 11) 1st oil lifting back in January.

[Optimum and LEKOIL have agreed the final payment of US$9.6 million to Optimum which covers sunk costs and consent fees as follows:

· The sum of US$2.0 million to be paid on or before 20 March 2020.

· The sum of US$7.6 million to be paid on or before 2 May 2020. ]

innesbill, We have a new CFO:

"Edward During
Chief Financial Officer

Has held senior management positions leading Accounting and Finance, Risk, Commercial, Insurance and Information Technology functions in the Oil and Gas industry. Amongst other things, Edward is accountable for the management of the Finance Department in the Group Company. Also in conjunction with the CEO, he is responsible for capital/fund raising, the financial and risk management operations of the group company."

https://www.lekoil.com/leadership

18 March 2020, 15:20

Jefferies International today reaffirms its buy investment rating on Superdry Plc (LON:SDRY) and cut its price target to 300p (from 600p).

https://www.sharesmagazine.co.uk/news/market/6836899/Broker-Forecast-Jefferies-International-issues-a-broker-note-on-Superdry-Plc

Seller is out and MMs cant cope up with the sudden wave of buyers .. sp will bounce up from here

Not really , its following the FTSE 250 index trend

Another fund reduced its short position two days ago:

12 Mar 2020 - Kite Lake Capital Management (UK) LLP 0.62% > 0.46% = 0.16%

*Total short positions closed by Kite Lake Capital Management (UK) LLP last week: 0.24%

sain@vision

I thought you sold "your shares" last week and moved on, yet you are still the most active member on this board................

DHC, high volume indeed 3.5 times the daily volume but to me it looks like market makers exchanging hands today because there are non stop silly size sells between for 4.5-4.8p to avoid spiking/dropping the price then you get the odd 20M+ chunky buys!

Loved the fact we replaced JP Morgan with a pension trust, they must have been happy with the due diligence which they have conducted.

I am expecting INTU to issue RNS early next week to confirm the news from CBRE , if they proceed with the plan and sell the assets then July's deadline shouldn't be a problem in case we suffer from another 10% drop in valuation. Such RNS should provide a momentum for sp recovery

"Jvalueinvestor- Share price undervalued"

I absolutely agree mate, so as the PI/II who just paid a million quid to bag 20m shares!!

14:04:35
4.80
20,000,000
£960.00k

Anyone has access to this new article?

https://reactnews.com/article/intu-lines-up-1bn-portfolio-sale/

sain@vision,

Again no one said the CEO is doing a remarkable job or INTU is currently running a successful business. Its really simple, many of us bought AFTER THE SP DROP because we believe 5p/share is unrealistic. I am at all that under the current circumstances there is a chance for the sp to climb back to high double figures but I am expecting to see 50-250% on any good news (property sell/foreign investment/private equity raise/sorting out the bank covenant/ takeover/etc. )... I genuinely feel sorry for the long term holders who lost almost all of their investment here but this is the stock market and I'd like to believe almost all of us got burned on a couple of occasions.

Best of luck with your other investments and I really hope that you'll forget about INTU and move on with your life and focus on researching companies that fit your investing/trading criteria ..............

sain@vision,

C'mon, stop acting like a broken record ...

You claim you are not a shorter and you hold a position here, well life is too short to moan on here every in every other post day and night ...just sell and move on if you feel your shares gonna be worthless very soon. They market is very blue today so try to recover your loss from INTU somewhere else in a company which you think is doing well out there :)

True mate but but just a sign of things to come - will shorters really want to have positions open now in the event that this is applied across the board over coming days?

A reminder from last night:

*Interesting tweet I just spotted on twitter:

“ #Finablr #FIN

9x times the Average Volume traded today

Book Value per Share 95p
Cash Flow per Share 59p
Current share price 4.5p

Closing share price yesterday 22.44p /Closing share price 4.5p

Will @finablr share price recover tomorrow #lse #topriserslist?
RSI: 12%

https://twitter.com/johnanderson_10/status/1238170354830520320 “

Interesting tweet I just spotted on twitter:

“ #Finablr #FIN

9x times the Average Volume traded today

Book Value per Share 95p
Cash Flow per Share 59p
Current share price 4.5p

Closing share price yesterday 22.44p /Closing share price 4.5p

Will @finablr share price recover tomorrow #lse #topriserslist?
RSI: 12%

https://twitter.com/johnanderson_10/status/1238170354830520320 “

The share price should show some recovery from this level, RSI is 8% (Extremely oversold at the moment)

Nope, MMs rearranging the books ... it happened a couple of times this morning

Sain, if you think tomorrow will be a nightmare then why you didn’t sell all of the shares which you claim you hold before the sp drops tomorrow ? ha

Gewillia, if we attract massive volumes (10x daily average volume) & 16% sp recovery with every big investor “bails out” then let’s hope they’ll keep printing those tr1s !!

Calm down shorty or you'll have a heart attack haha

You still have 7 more minutes before eod so close your shorts while you can before tomorrow's results ;)