Member Info for Ecologist

Any chance that this may be a pyss take on a certain snoopy?

Congrats NoelS, you predicted correctly it would seem. The problem with discussion boards is that everyone is unknown, has his/her own agenda and therefore no one is to be completely trusted.

For example, for the past couple of weeks we have been inundated with the "duster" theorist who is therefore either mystic dog or a straightup liar.

I prefer to use my own analysis and also try hard not to be too greedy. But everyone to their own.

Happy New Year and may we strike a lot of gas.

Tipo, most of us long term holders have entered the 'aging population' waiting for something to happen with FUM. (Sadly I forget what).

Thanks for the reminder BA. I note that the Geologists give the drill a 55% chance of success. I just hope the coin falls the right side or Snoopy will never close his gob.

But like you, I added a few more because, for an opening drill, these are good odds and the falling price increases the upside. Further, I trust the skill of the team at Shell.

BadA, I would imagine that most oilies can do some simple maths. Offshore Britain has been drilled so much that the average distance that can be drilled per day is well known multiplied by number of days since spudding and then subtracted from depth to target zone. Correct me if I'm wrong.

With Shell as our partner on this drill, I am more than confident about our chances. No well is ever 100% certain while drilling is on-going. Yes, it might be a duster as sdog asserts (with no proof to back it up) but I believe odds are better than even that we will hit at least gas.

We are being taken out on the cheap. This so called 30% premium simply shows how the market was undervaluing the company. The 13 mill in cash goes a long way to funding the t/o. I am not impressed, but a done deal, it seems.

Today's RNS, 251.4p to be paid, anticipated on 3rd Jan.

Sotonspike, I believe you are partially correct. My understanding is that the original rns said that the 263p offer price would be reduced by the total amount of future dividends paid. Three, I believe so far, meaning that the actual sp of 250p is not too different from what will now be paid.

Sorry to gloat but I got in at 2.3p last year after a tip from a Spanish friend. I could not wish for more (unlike a few other AIM dogs I hold).

Crusty it's not just another delay, it's 30% of the company value too.

Aminex have serious trouble in writing clear English. Look at the second para where they 'seem' to be saying that CH1 has already been successfully drilled. Perhaps someone forget to put an 'if' in there? It's not what you say it's how you say it. Aminex did not get this rns out correctly and look at the result.

Tertiary is a dirt scratcher that keeps trying to reinvent itself in the mining sector. The only winner over the years is the aptly named Patrick Cheetham. I wouldn't risk any more of my money on it.

Prospex is a different beast and it is generating money. For AIM investing I prefer Iofina (cash generative) or Futura Medical (potential blockbuster product) but investors have learnt not to hold their breath on the latter!

Thx Shatner

I am always disappointed by the poor quality of FUM reports. The news is in there but who ever does the writing does not know how to lay out a document that will appeal to the market. I'm surprised that the good doctor does not go through company reports with a red pen. For example, financial info is almost non-existent. There is a link to more detailed (ha-ha) financial report that shows costs under a revenue headline (Yes, I thought the same!).

And there is no mention of any income from partners. Weren't we previously led to believe that there were to be some upfront payments from the signing of "multiple commercial agreements". Has anyone ever seen any figures?

What is the US test results received in August 2022 doing in Operational Highlights for the period to June 2022? This should be noted in a section on Post-interim events.

A careful presentation of results to the investment community would go a long way to pulling in the investment crowds. The current amaturish presentation of results is not good enough for a company that has been on AIM for close to 20 years.

They should be targeting pre-Christmas. Imagine how many ladies would put a few tubes at the bottom of the Xmas tree.

Little mention in this string about the Bushveld Energy carve out, "by year-end". Reading the few paragraphs just before the 'Overview' section indicates that this should crystalise value for BMN and catch the eye of institutional investors (I hope Gore Street will be among them). The more II that look at BMN, the sooner we should get out of ths downward slide of the sp.

Yawn, anyone else awake?

I forgot to add the offer RNS, for memory

https://otp.tools.investis.com/clients/uk/contourglobal_plc/rns/regulatory-story.aspx?cid=2319&newsid=1584109

My reading of the original offer by KKR is thst the t/o price reduces after each dividend. The original offer price in May was 263.6 p and there was an approx 4p payment in June. We have just gone xd on another approx 4p. So, if I read the RNS correctly, we will now be in line to receive about 255p per share. Sad to lose this one but I wish they would hurry up and complete!

Are there any similar stocks on the LSE? I did buy rather a lot of Gore Street which is an energy storage (rather than producing) stock but have not found a replacement for Contour.

What a great example of how incompetents can destroy a great company.