Member Info for Elegance

Even if we did take the mirror value offered by Selan which is $22,500,000 dollars, convert that to pounds which is £18,000,000 and then divide that buy the shares in issue which is 10,500,000,000 that gives a share price on its own of .171 thats 30 more than where the current share price is.

That doesn't take in to account any of the following:

Potential 9 million in bonuses

140 million to offset against future tax on profits

Any revenue to come from the sale of existing assets

Existing UK CCS licences and potential India CCS licences

So it begs the question... if Selan value the 50% at a minimum of .171 without all the rest, why is the market valuing us at .14?

Totally agree, no one is valuing the asset now we have a mechanism to get it out.

Gotta say.. that is one hell of a handle just appeared on that cup on the weekly graph, which if any of you know signifies an ever steeper incline coming

Conger

This still doesn't take in to account the 140 million that will be offset against tax / profits in the future.

What value have you placed on the assets in the ground?

I think your way off on your valuation it should be over .3 IMO, those struggling to buy... you'll have to buy in at a higher rate.

Hoping we get a decent RNS from Roland confirming no placing in the short term, hold on tight if that happens.

Just waiting for conger to buy back in now, cant slate him, if the heard want to follow on the way out and on the way back in that's up to them, that's the market creating buying and selling opportunities. As long as there is facts and no lies then such is life.

This is one almighty buy at the moment though

Conger

That's not quite fair is it? .. now your out I feel you are degrading the share price below what it should be, conveniently you halfed the 20 million and come out with .22 as a share price but that does not take in to account the 2.5 million in cash, the potential oil, gas and condensate reserves, the current value of exploration costs, the tax back to offsets profits etc?

What on earth is going on here?

Selan limited paying 20 milllion for 50% ownership of the Cambay should equal 40million Mcap.

2.5 million in cash should equal 45 million with the above 40 million.

9 million in bonuses based on gas sales not valued

CCS contracts in Uk and potentially India not valued

140 million to offset future tax profits not valued

Seriously WTF… if we took the 45 million dollars on its own that’s 32 million pound divided by 10 billion shares is still .32 of a penny without valuing the above items or the future assets yet we are at half that price??

Buy buy buy

Media should be all over this now with future projects.

https://www.share-talk.com/synergia-energy-ltd-aimsyn-finalisation-of-cambay-field-farm-out-and-jv/?utm_source=newsletter&utm_medium=email&utm_campaign=Share+Talk+Newsletter

We need Panmure Gordon and other brokers to issue a projection on share price.

Roland really need to bang out some interviews perhaps even with Selan Exploration Technology Limited.

Well, for every Conger (well done by the way) we have likely gained another 100 private investors coming in to the company and in my opinion that can only give us more stability. Many of us including me cant and wont be selling sub .3p I am not sitting in this share for three years to sell on a loss when we have work going on this year making us profitable. GOI approval nailed on, as Roland said "it is but a formality). What we now need is some terrific PR from the company and to bring some II's on board and well as more PI's.

It'll be back there before close IMO, cant keep this beauty down on such a great RNS, no way bonuses, 2.5million in cash or that 3rd well was priced in. well done Roland

Gloves, not going to respond on your subject line but please look at the up to date intraday graph.... its only going one way.. UP....

Both have been quite loyal with Roland and visa versa, in fact we might even get a JV interview with an MD from Seland who knows?

.22 now showing on L2, think about it... MMs want sellers out now so they can sell shares higher, RNS just out with offers beyond what LTH thought of with cash bonuses as well as the increased cash. we were at .18 last week with no news and today, this week.. you think we are staying at this level with what is now a super bright future?

Second wave coming of I reckon 10 or 12 to reach a resting rerated share price 0.3 to .5 depending on MM's breakdown of this RNS.

Cash bonuses linked to flow rates of up to 9 million... Just rolled me sleeve up and tensed me bicep.. Brilliant RNS.

Its not a strange reaction really, MM's will want to pay as least as possible to those sellers wanting out, but once gone the MM's will move the share price up.. and up and up, they cannot stop a rerate of a company that was once presumed bust and is now fully funded with cash in the bank.

Ladies and Gentlemen... take time to think about this... reflect on the fact that we have now secured funding, now secured 3 wells fully paid up and have a future.... A future when many said Synergy was going bankrupt.

Becoming a profitable company with no tax to be paid for quite a long time.

Well done ALTH...

Blimey... was hoping for two wells but three will be greatly appreciated.

Existing share price.. .16

Three wells each worth .1p to Synergia IMO makes .46p

2.5 million in CASHHHHHHHHH secures us to becoming highly profitable in the future.

0.5p IMO

Dealer agree not much selling but if you take a look at the 6 months chart there is something appearing if you believe all that. Time for a cup of tea.

If the point of a placing is to raise as much money for a company, surely as a director Roland would wait until he achieves a higher price such as when the JV partner has drilled the well/ wells?

It may well be that the JV partner has requested that synergy energy at least have the facility to raise as part of the contract which doesn't necessarily mean that a placing would take place immediately.

We have sufficient funds at the moment and are on a free carry for the next 12 months of drilling .

Either way this is going higher as news about the JV is about to drop.