Member Info for extrader

.."Coyle was not able to keep up with the commitment that a hugely scalable Fintech Unicorn new asset class would demand of it’s chairman..."

This suggests that either he didn't foresee the demand (=poor time management skills on his part) or he didn't think it would arise (in which case, why take on the position ?).

As explanations go, this is right up there with 'the dog ate my homework'.

IMO.

You're forgetting 'marketmaster(sic)88', AIUI....

I would say that you couldn't make this up...but obviously you can.

Biden has mid-term elections coming November, so has to increase availability of oil (to bring pump prices down); the Saudis and UAE have snubbed him...and even domestic shale oil producers seem reluctant to oblige....because at the same time he's signed up to the 'green' agenda.
Appropriately enough, there's an Irish joke about this awkward transition ('how do I get to..?), the punchline being 'I wouldn't start from here'...

" This is the day upon which we are reminded of what we are on the other three hundred and sixty-four...."

Mark Twain

.." Only thing I'll be doing is adding, either way..."

Clearly never heard of JM Keynes' observation : ' When the facts change, I change my opinion. What do you do, sir ?'

Best of luck.

Just to add to the 'mood music', this is an extract from the 23 March 2022 Dallas Fed energy survey of 138 US oil and gas co's :

(1) West Texas Intermediate crude oil price (dollars per barrel), year-end 2022
Indicator Survey Average Low Forecast High Forecast Price During Survey
Current quarter $93.26 $50.00 $200.00 $103.07

(2)Exploration and Production (E&P) Firms
In the top two areas in which your firm is active: What West Texas Intermediate (WTI) oil price does your firm need to cover operating expenses for existing wells?
The average price across the entire sample is approximately $34 per barrel, up from $31 last year.

(3) In the top two areas in which your firm is active: What WTI oil price does your firm need to
profitably drill a new well?
For the entire sample, firms need $56 per barrel on average to profitably drill, higher than the $52-per-barrel price when this question was asked last year.

(4)By what percent do you expect your firm’s crude oil production to change from fourth
quarter 2021 to fourth quarter 2022?

Large firms Small firms
Median growth (percent) 6 15

(5) Maybe US-specific factors ?
Which of the following is the primary reason that publicly traded oil producers are restraining growth despite high oil prices?
Slightly over half—59 percent—of executives believe investor pressure to maintain capital discipline is the primary reason that publicly traded oil producers are restraining growth despite high oil prices. Fifteen percent of executives said “other,” and 11 percent note environmental, social and governance issues. For respondents who said “other,” the primary reasons were personnel shortages, limited availability of equipment and supply-chain issues. An additional
reason cited was uncertainty regarding future oil prices and whether they would stay high.
Some felt that a combination of reasons is equally responsible for driving restraint.

HTH....

The 6 July 2021 RNS re TF deal completion has other numbers :

- 813 million New Ordinary Shares as consideration to the TradeFlow sellers (TJ and JC);
- 500 million New Ordinary Shares as consideration to intermediaries and introducers (Parzival) which support the deal;

The s/p was around 0.4p then, so - assuming they all still hold - they're down about 80% on their holdings, with a paper loss of £ 1.6 million in the case of Parzival.
I hope for their sake they cashed in !

The interesting one here is TF : if you're brave enough to make the assumption that 'valuation' of TF (£ 31m) = consideration paid and payable, we're fast approaching the point where (with current MCap ca £ 29million) their earn-out if taken in shares will hand TJ and JC a controlling interest in SYME.

Ho hum

If you go to wiki https://en.wikipedia.org/wiki/Global_strategic_petroleum_reserves

you'll get a detailed listing (maybe a bit stale) of most industrialised nations' reserves, typically 45 to 90 days.

The outlier - inevitably, given serial government incompetence - is the UK, where wiki blandly reports :

.."The United Kingdom recently drew up plans to create its own strategic fuel reserves utilizing Steven Brown as an agreement agent..."

Phew ! That's good to know.

.."You're posting a lot despite being not invested and having no agenda..."

There are also folk posting a lot, who ARE invested but clearly have no idea...

Do you disagree with the observation I've just made ? Elite's putting 'invested' PI's in the same camp as the (IMO uninvested) BoD is delusional.

.."The positive posters are investors like the SYME BOD and we all expect one thing - success and profit on our investment..."

The original BoD got their investment mostly for free (zero-cost 'Consideration Shares'), the new TF additions have effectively taken their money out, so they've all already booked their success and profit on investment.

You're not comparing like with like.

The key takeaway, for the layperson :

.."SARS-CoV-2 human challenge studies...... fill a gap in the understanding of early factors involved in susceptibility to infection that cannot be addressed in other ways. With continuing infection and re-infection with SARS-CoV-2, such translational studies that can inform public health strategy, while accelerating access to improved interventions through improved mechanistic understanding and early proof-of-concept efficacy testing, remain a priority that justifies this approach..."

Let's hope, in the jargon, that 'the necessary lessons have been learned'.

senseman,

The linked article talks about releasing 1m bbl a day, to offset what is described as an 800Kbbl estimated deficit.

Sigh.

You’re all referring to a scam valuation that even AZ had to deny in this RNS.

https://www.lse.co.uk/rns/SYME/response-to-erroneous-media-article , back in Sept 2020, after the pledged loans s/price spike.

.."AZ is a regulatory expert .."

Who doesn't appear to understand how (a) option purchases work/are reported; (b) how loans against share pledges work; or (c) how CLNs work.

Right.....

Well, our shareholder Kerogen is HongKong-based and seemingly/understandably at the very least ethnically Chinese staffed...and there appears to be another shareholder ? Shanghai Pudong (it's been a while since I looked at HUR) with a similarly - sized material (16% ?)stake.

There may be a closer , existing mainland Chinese interest in HUR than we think.

As I say, I while since I looked, so I may have misunderstood something.

Unusual frankness.....

.."“The state has to draw up the collaborative structure between the two companies and define the terms of the agreement, including how to share the financial envelope between them,”..."

Not often you see these matters discussed in public !

;->

PS In case you forgot (you're not the only one who can screenshot) :

.."Guitarman again 24 March 2022

…” So ex admitted tfc funds likely to be more like $500m..’

A complete fabrication by you GM.
Since you claim to keep copies, pls post.

Put up or - please ¡ - shut up with your outright lies.

FWLIW, I’d guesstimate TF Funding Lines / AUM at abt $ 100m.."

.."TFC 0.5% profit on $100m/£80m fund (reasonable assumption even ex admitted to) = £400k * PE40 = £20m so we're sitting around fair value on TFC but nothing forward-looking.."

Welcome back (if not from suspension ? then from Dubai ?) !

I'm mildly surprised you have the nerve to spin YOUR belated acceptance of MY longtime assumption re (limited) extent of TF funds as an acknowledgement from me...but we'll let that pass, for now.

My issue here is your blythe assumption of a PE of 40 : you've obviously forgotten SYME's own strenuous efforts to classify itself as FinTech (to be able to command the 'sexy' PE rating that this classification attracts), because the alternative, Financial Services provider sector (no disintermediation) that TF itself actually qualifies for attracts a much lower PE ratio, maybe 8 x to 12x.....

This ratio will/should continue to apply to the 'forward-looking' examples you go on to quote, because as already pointed out, the tie-ups to DP World, ICC and Warwick provide introductions to potential customers but no extra funding.

HTH

PS Here's some 'hard facts' to reflect on :
Running Record
29 Sep 21 - Death spiral issued
17 Nov 21 - shares issued at 0.204p
26 Nov 21 - shares issued at 0.135p
20 Dec 21 - shares issued at 0.12p
12 Jan 22 - shares issued at 0.11407p
25 Feb 22 - shares issued at 0.10p
28 Mar 22 - shares issued at 0.056p

You can understand (well, maybe) why NCYT dropped its own CLN as soon as it could find an alternative.

.."Extrader, you worked in the city and took early retirement because of dodgy dealings and/or fraud..."

Well, I hadn't expected you to confirm my comment that quickly...

.." What I won't put up with is idiots like [* insert as appropriate ] who make up lies and expect us not to challenge them. People like him should be taken to task.."

Clearly, not even bright enough to understand the concept of 'irony'.