Member Info for Fishysaurus

On the basis the buy price was 22.4p and the trade shows 224p I assume someone wanted the share but put a limit order on -but thought it was 22.4p and they may just have spent £1.6m more than they needed to !

If there is someone so stupid, I want to meet them an offer them my shares !

Just looking on HL -shows a trade of 797000 but the price is 224p - I am assuming that is a FAT finger mistake !

If not can I sell mine too please.

We all hope for news prior to the event next week - but on every single occasion so far we have never had any news that precedes one of these events - so I am doubting there will be any this time.

However, in one of JPs o an investor about not preparing TE11, he mentioned lack of management bandwidth. Well if your management team is 'stretched' then lining them up during the working day for a P**** up and chat is not the most sensible thing is it !

So that either means we will get news and it will be back slapping all round and we are not drilling TE11 or JP will show a poor sense of priorities.

Not the entire shareholder base but enough perhaps when combined with the shareholdings of IIs to get a required majority - and of course they know that whatever is said will also get reported on all the BBs.

There would of course be an 'official' published recommendation - but JP know that a few ';bon mots' that are not quite 'official' can be an effective form of communication without the contraints of official communications

How about there will be an offer (perhaps not a slam dunk one), ie small cash and shares in newco with divis to follow - and JP wants to sell the merits of this to the PIs down the pub before any vote on an offer, as we will have a vote on an offer ?

Just speculating.....

He has C4 but that is set up for a different purpose - the use of "NewCo" is almost a standard terms for a financial structure used to facilitate a deal / takeover of some description.

My experience of 'NewCos' (in Private Equity deals) is that they are used when a buy in / takeover happens.

The existing holders either get Newco shares only that are worth more (though for us just getting new shares I am not sure is worth it). The other usual route is a mixture of Newco shares and cash. ie existing holders get cash out of the company but retain an ongoing interest (either to sell later or for the revenues).

However unless Newco is going to be listed there may also have to be some form of buy back in our case.

All speculation - but I think it sits somewhere around this approach.

Can we get Harry and Megan to give the King a nudge in signing the GSA, as a sign of UK / Moroccan cooperation !

Looks like the Eurobond holders now own the company - they should have done a share raise.

Lets face it, if you had been asked to stump up the money with the offer of a 5% divi (use the 7% to cover the raise costs), I think many might have been interested.

Diluted into insignifigance.

I thought that the TE10 tests were going to be quite limited but the 'flow tests' run through Feb and March suggest something bigger than I expected.

Feels less Pumps and Dump, more Dreams in the Desert like

Just logged in to see an 8% increase and a buy going through well above the run at 13.5p.

Presume its someone putting a limited sell through as a buy in mistake ?

To be honest who knows if a couple of 100K sells mean anything, if someone knew it was a duster they might actually place a couple of big buys, start a few BB rumours to get others to buy, before dumping lots at a higher price prior to RNS news.

I think in general the view is TE10 won't be successful - but we might all be surprised yet.

Though it is unusual to have both so close together, I don't subscribe to 'breaking news' - everytime we have had FSC or CC, the BB has suggested news prior to such an event - and it has never happened.

I don't think it is an offer on the table - don't you think that the 'in the know' crowd would be buying lots - and they are not.

I think it will be just the BOD 'coming clean' mainly telling us things we already know. The only conceivable thing is the GSA but JP has over promised and underdelivered so much that I can't have high expectations.

If you believe in conspiracy theories then it will be a black picture, more PI selling and allow the big boys to hoover up shares. I really hope I am wrong but I no longer know what to expect.

Not jesting, and I would not welcome it. He needs to get the best deal from what we have before he leaves.

I suspect that lots of people will have taken very personal 'shots' at JP and some of the more desperate may even have had threatening tones - it is an environment where he might feel 'justified' to walk. We know he already has the future option lined up - he may just accelerate the time to do it - but I say again I hope not.

We need the GSA and a good steer of what value our assets give us at this moment in time.

Though everyone has almost written off TE10 (probably even the board) - how ironic if against all the odds it was successful !!

Wouldn't surprise me if JP announced he is walking away.

"Certainly Cheap considering what we have" - if only I was that certain any longer.

I now wonder about the TE6/7 replenishment rates and why these have never been published (though promised long ago). I am assuming that the GSA not only stipulates a sales price but also a quantity that the 'producer' signs upto delivering and the lack of the GSA (or its delay) adds to the worry about replenishment rates and the business wanting to release the GSA.

The BOD could easily publish this factual information to help support us they are always good at announcing the 'good news' which makes the lack of this factual information a concern for me.

Has anyone had any contact or reply to questions asked in the last few days ?

If so what was it like ? - they must be aware of the thoughts and comments circulating but we have had no public comms at all to even refute some of the wilder comments circulating.

The worst thing is the valuation metrics change on TE5 horst against which I certainly partly invested against.

Now I am concerned the replenish metrics on TE6/7 are being hidden which can only mean 1 thing, they are not replenishing very fast, which means there is little value in TE5 -I so hope I am wrong but without anything factual from the BOD, the silence leads to this conclusion.

My concern is not the failure of TE9 (so much).

We have all been sucked in by the ramping of JP to some extent but behind all that for me was the results from TE6/7 and the value guidance - that appeared to give us some 'backstop'.

It looks as though this guidance has been ambiguous at best, though if the BOD read these bulletin boards they could have corrected peoples views if they wanted to. The fact that we have not had any clarification this week suggest the worst case valuation. Once you start not to trust what the BOD may have been saying …..

The GSA "was awaiting ministers signature" but still not here - if you then ask yourself we were originally promised replenishment data for the TE6/7 in 2017 - but as far as I am aware nothing has been published.

If this does not replenish then te5 horst has little value.

But I can't believe that Schlumb and Energas etc have had the wool pulled over their eyes.

THe BOD need to urgently publish some facts or information to put real meat on the bones of the company.