Member Info for G_G_G

Annoying it's not reported here. Yes, looks like they have added almost 1% of the company, so around 2.5m shares. Quite a vote of confidence. I wonder how far away the 'strategic review' happens to be. Can't come quick enough for me.

Where is this informaton guys?

You got it right second time SirConsALot, well done. As for me selling at a loss, yes that's what I have done. You know all about that with your trading, don't you? You sold here on a loss to buy PANR and make another loss. Loser indeed.

Johno, what's with the b!tchy comments - is it out that time of the month? I made a prediction of 9p being the ceiling on Central news. The news was far better than anyone expected, which I'm happy about, and also happy to say my prediction was wrong. You've been talking all sorts of numbers over the years. And we're at 10p. Was there a little b!tch pointing out how wrong you were the entire way down?

Hilarious LI post on 'looking for a Cretaceous Partner'. I wonder if they put some flyers up around TRIN for people to take a phone number from. One would expect our $800k freeloading CEO and Board to have connections with the O&G community and be pursuing them, rather than resorting to a LI post that looks f@cking amateurish.

As for Canada, the volume was next to nothing so really anything to get excited about. I think for the next 3 weeks we've got wide-reaching PR, Lyin Paul buying £6-figures, and VAT receivables being the only things that will shift the sp pre-run up to testing results. Again, happy to be wrong.

YHAL, I think Kestrel are completely behind the DIS or complete t/o current situation. Even with their low average, they would be sitting on a huge loss. The other major holders, I imagine, would want out as well. I dare say, their interests are aligned with ours atm. Just a shame a t/o wasn't pursued 18-24 months ago, as we'd have sold at +£1.30 and could have made money elsewhere. This is one of the few stocks that has cratered in the recent bull run across the world. This is the issue when you have a mgt team with fat salaries - their interests are to remain employed, versus agitating for a sale where shareholders benefit. Kestrel were asleep in the passenger seat with a drunk CEO at the wheel.

Laura, the below makes sense with the exception of 250p being a 'psychological floor'. If they get 250p again, it will likely be the winning bid. The sector is completely different from 2021 to now. The Ramsay bid came as the category was going into a 'windfall' environment. At the moment, it is experiencing sluggish growth, coupled with far higher costs. Spire mgt have also kept the company very indebted to the point that net debt is roughly 50% of the current mcap. Now this can be managed by some strategic freehold sales, but the company still needs to be generating enough cash to pay debt and the increased rent. The most important measure, Adjusted FCF peaked in 2023, dropped in 2024, and will most certainly drop again in 2025. The inept mgt team have been 'buying EBITDA' with the windfall cash through low-margin, and in some cases, loss-making builds and acquisitions. Even with this incredibly inefficient use of windfall money, ADJ EBITDA is going to be very sluggish in 2025, and I'd argue will slowly decrease in 2026 and beyond. The Private market is contracting. PMI has ground to a halt and will likely turn negative as there's much greater pressure on employment benefits. And the NHS is just now starting to show its teeth.

Personally, I think 250p will be the maximum bid. Ramsay didn't go higher for reasons, even in a windfall environment with Net Debt at £225m (versus current £350m) and Adj EBITDA and FCF jumping over the following 2 years. PE will be the winner, as I think Healthcare companies understand the current environment better and just how poorly Spire has been run. Having said all this, very good value atm and likely 35-45% increase in a t/o bid (from current sp). How long this will take is another matter altogether.

Stas, you're one of the few intelligent posters here, but the comment about crl makes zero sense. The simple explanation is he, like many others here, have been burned so badly by Calamity Baay that he's finding it difficult to let go. I share that view of the lying pr!ck, and rather than excuse him, I'll continue to state it until he's gone, or puts his hand in his pocket for £6 figures to try and make amends for his monumental failings that have cost investors from whom he withheld material information that f@cked the sp. As for shorting TXP at 6p where it's priced to go bust but has good assets, that's just plain ridiculous. He was venting because we were at 6p!!! And Baay was the cause of it. Not geology, but the corporate f@ck up with a last-minute bucket-shop raise falling over that he withheld from the market, alongside the loan terms where we had to raise $28m. Truly unforgivable behaviour that has cost many dearly. I'm not even sure if you can short TXP, but anyone doing it would have done so at multiples higher than now. He's angry because he got conned. Simple.

As for your comments on the NED appointment and/or Broker note dropping the share price, I agree that it's incredibly unlikely. Having a NED who is a major shareholder is +ve for PIs, especially when you have a wide boy like Baay in charge. This can only be a good thing. The small-fry broker report, like most of them, is something that should only be used to wipe your @ss with, especially for small caps like us. The share price has jumped by over 50% in less than a week. We have at least another 4 weeks until we get results. Traders who caught 6-7p where we sat for months and then got lucky with the Central news are bailing for very good returns. Longer term holders who jumped in when Central was announced and averaged down recently, likely could have +1m shares in the 10p to low teens range. I got down to 17.1p for 1.8m shares and was looking to add another 1m more prior to this jump to get my average down to circa 13.5p. Had that happened, I'd have taken at least half my shares off the table for a £25k loss. But you are right, most lth's for more than a year would be lucky to have an average in the teens and likely to have over 1m shares, even if they averaged down prior and post-recent jump. Fwiw I have taken 200k off the table at an average of 10.75p, so there'll be lth's like me who have trimmed their holding.

Main thing from now is no f@ck ups and a CR3 well producing more than 10mmcf (Net) in 4 weeks. If we can hold this sp then we could be in for another 50% jump. Who knows, maybe I'll be wrong, and we overshoot to 18-20p. Less than 15% off from my 9p ceiling call atm (not that I'm happy about it).

Baay doing an interview would help, or heaven forbid, he buys some shares. AIMHO GLA

not me lukee. agree it was a sell. hopefully we won't see to many more of them, as this leaky bucket of **** has done enough damage. time for our h@lfwit mgt team to do something to increase shareholder wealth and sell dis or the whole shebang. hopefully they will be out of a job afterwards, but i imagine like most **** exec teams, they'll get a nice set of golden handcuffs then a parachute. this being sold cannot happen soon enough.

Grow up and accept you were fed rubbish by a CEO - why the f@ck should I accept that...? Good for you if you can accept having lost hundreds of thousands of pounds to a charlatan who misled the market and kept material information from investors. I'm not just surprised you can speak to the conjob after all the porkies he has fed you, I'm stupefied at how you always spin a +ve or find some sort of excuse for his incompetent and deceitful behaviour and feel he should be given another go, or that he 'owned the mistake'. Not sure he has 'owned' anything. He makes up excuses. And he continues to do nothing to support the share price he has bombed out.

And Mr Stickler, your original post said:

"Also lets not get into these again G "which is why the sp will remain under 11p until we get results," you told us that we wouldn't break 8p on the last rns".

Note the difference between 'not breaking 8p' and 'not getting past 8's'. Point being, anyone can be a stickly b!tch on people's posts.

And why would crl be posting away happily all the time if Baay is still a charlatan and we're at 10p because of him? I'm more +ve on Central (the assets), but that doesn't absolve the pr!ck from what he has done. But putting his hand in his pocket for a £6-figure sum would at least be a sign of him 'owning his mistakes' and trying to make up to shareholders who would have their money at 20p on this news, and are instead at 10p. He's had f'all to do with Central other than it falling in his lap, him screwing it up, and us effectively paying a lot more for it in the end.

Thanks Aberdeen. I agree that they wouldn't screw themselves over with any partnership, which is why the only way I can think we'd get screwed is with a highly dilutive raise that our partner, Directors and connected individuals get to take up, but isn't offered to us. A way around the fund going after them is to allow them to participate. But this sort of action would be such a low-life move that I question whether the Tier 1 individuals on the roster would do that to PIs to give themselves an even bigger part of the pie (and us smaller). They would carry such a shameful move with them, rather than being the 'heroes' of the PIs who get to share the riches they enjoy (albeit much less).

What I am finding interesting is how we're being pegged to a £60m mcap level. And that's what makes me feel nervous. That a round number like £60m is being used for a round number raise e.g. £20m /33% dilution for the FEED.

Anyone else got a view on how we could get screwed?

ab76, most of the 'work' that calamity baay over the past year was dedicated to trying to fix the monumental f@ck up that he made following the failed, last-minute bucket shop raise that he oversaw. after that, he was busy scrambling for the debenture, and then still needing cash with an 11p raise because he had the loan terms attached to a $28m sum the market knew nothing about. remember that rug pull the charlatan pulled on everyone? that's what caused the decline to 6.5p, otherwise we would have landed at over twice that amount, even with the ****shows that were the 2 x casc wells that were pushed back by 6 months because everything ground to a halt whilst he was slithering about. bottom line, baay being the incompetent 'wide boy' that he is, completely screwed up the straightforward acquisition of an asset that fell in his lap, took almost 6 months for him to close, blew our production timelines, and he withheld material information from the market that required another raise to be conducted or the loan terms would have been breached.

so let's not start with 'how busy' the f@cking charlatan has been. a single well into central does not excuse the damage he has done. and if the man had any personal honour or self-respect he'd throw his life savings into the company now to fix the damage he has done.

johno, all of that information was there to point out the b@ll**** that baay has fed you and other discord members for years. there's also the spin that you guys like to put on it, for instance, after the raise was conducted pre-casc 5 you tried to explain it as being done so it wasn't sold into. this makes zero sense if the aim is to secure the highest price possible, which is why you were saying before-hand that you think they'd raise post casc 5, because you and others were certain it would be a good result. so you changed your tune to fit a narrative that is +ve for baay. it's pretty clear now that he knew casc 5 was a poor well, and yes, thankfully for us he did get a raise away with our new major shareholder at 11p, but all that does is reinforce how baay uses other people's money to pay for his mistakes. casc 4 is still unknown. why? what's the reason for that well not being hooked up and producing months after the casc 5 disaster (not duster)? i'm looking forward to seeing the production rates from the oil or gas well, whatever it is they have screwed up twice drilling into the 'sweet spot'. we can then go back and look at what he has said to you as further evidence of the man feeding pis cr@p. and yes, he still hasn;t purchased shares when he told you two months ago that he and then chairman had a big chunk to put into the company.

as for my 'prediction', it's just that, a f@cking prediction. or do you want me to give you a definition of what that word means? and the prediction you have gone back to find is before we knew about how big the column is, which caught everyone off guard. but if you want to be that stickler, then you'll see i have also posted about how i'm pleasantly surprised at being wrong. and not 'getting pastr the '8's' means the sp need to stay in the 9's, or do you want to debate that as well?

either way, until we get the cr test results, we're going to be bouncing for at least a month. hopefully, remaining in the double digits, so my prediction (pre major column news) remains incorrect.

Johno, you need to stop grasping at minor points with posters here. Casc 5 is a mess. The results were woeful for a well that was going to be drilled into 'the sweet spot'. Not a 'duster' then, a 'disaster' instead.

As for not changing Casc 4 forecast, that was you who reported this back after speaking to him. It was the conversation you had with him prior to the raise dropping, where he said they were still looking at alternative financing. You then argued that you thought he did the raise a days or so later and pre-Casc 5 because 'it would be sold into', but not long afterward, we found out that Casc 5 was a 'disaster'. As for Casc 4, if you go back and read your posts you'll see in the very same conversation he said to you that he wouldn't be changing forecast post 2nd f@ck up. Not long afterwards you mentioned how Baay and the Chairman had significant money to invest. The Chairman did. Where was Baay?

And if you're going to be a stickler, then at least get my prediction of holding above 9p correct. I'm glad we exceeded it by over 10% and hope it stays there while we wait for news on CR3. More so that it's a strong 'gas' well so we can break past the 11p barrier, which appears to be quite strong.

Given Kestrel's problems they may do a tender offer, assuming that DIS is the only sale.

spud, people wouldn't call him a liar if he didn't lie. the most recent example is he would be buying shares. he's the worst offender of the lot when it comes to being a freeloader, the highest paid, and the one who completely f@cked everything up with the failed raise, and yet he still hasn't purchased any. he has talked utter b@llocks about the bank not asking for the loan, bringing iis on-board, and telling investors that casc 4 & 5 forecast rates remain when he knew they were dusters. and that's just in the past 6 months. he's a b@ll****artist of the highest order, which is why the sp will remain under 11p until we get results, or he buys some shares. or we get something like vat returns and confirmation of another fast follow cr drill with the proceeds. thsi well really does need to come online at a good rate, and ideally 10mmcf net for us. that would make the biggest problems disappear, and from there it will be fast-follow execution. gla

Something different - There must be a big buy in the b/g. I can sell up to 450k atm.

Anyone spoken to Baay on why no interviews?

jesus edo, you don't need to worry. i've taken such a beating here that it's hard to even work out as i've added and sold on multiple occasions and always ended up worse off due to yet more own goals. i hold 400k at the moment (once held 650k), and my average would be over £1. i'd like to smash mgt's faces in for what they have done here, and how they have overseen extraordinarily poor mgt of shareholder interests as the sp has clearly been hit by insider trading. the most recent example where we chased them for a month before they released **** results is yet another example of inexplicable sp movements, unless you're an insider. funny how we landed at a level each time that reflected the same multiples of where we had been trading e.g. multiples such as ev:ebitda ended up being the same as where the sp landed before the update. this has happened twice now.

i'd be very happy to get back anything near/above 70p. i'd have taken a £150k hit in the end, but at least i'd be out. they should stop f@cking around with the consultants, who will want this to drag out to get paid more. do a closed bid set-up for dis with a reserve price. invite bidders and give them a set date. really f@cking simple way to immediately generate returns. the only exception should be if they are able to sell everything for 80p.

weird that we've only had 1 trade today... cannot remember the last time this happened.

Thanks ex. So we don't know if the Shard facilities have finished, and what we do know suggests they could have had another few million shares. Is that correct?

Anyone care gaming out the 'bad case' scenario here? I know we could get delays, but they have been very clear on multiple parties being involved as strategic partners, and a decision will be made in the next few months, so let's assume this is going to happen. I'm more interested in how a strategic partner deal could completely f@ck over shareholders i.e. the sp goes down rather than up.

For me, the only way this can happen is a massive raise at say 6p to let the strategic investor(s) onto the share registry, and allow some of our Tier 1 mgt team to increase or enter as well. This would, however, dilute some of the current major holders, including the recent fund entrant. Thoughts? Even a streaming deal would send this flying. Anyone care to outline ways where we could end up worse off in 3 months?

for a country that has stated its commitment to supporting the o&g industry and has a1/3rd stake in the central field, i'd expect the conversation around prompt payments of vat receivables to re-invest into central wells to be a very easy one. this is one of calamity baay's corporate responsibilities, of which he doesn't have many after the central acquisition f@cks ups have now been absorbed by shareholders. the loan covenants are something else that will require close attention, thanks to the amount of money burned by fees and casc 4. but there really isn't much else for the pr@t to do. the board should never allow him to do any deals again. just give him a teleprompter and hope he doesn't go off-piste with his usual b@ll****.

the blackout period stuff is nonsense. the excuses he provided are literally a conjob's way of dealing with pis who don't know any better. i cannot see how he has been in a closed period the past month, and unless there's another acquisition or t/o offer on the table, he should also be able to buy now. the 'potential' of central is garbage, otherwise every well they drill before and afterwards would mean he cannot buy. as i've said before, the useless pr!ck should be made to buy shares from his salary every month, and he should kickstart things now at 10-11p to try and get us in a better position because of his monumental failings.

the government appears to be vinced by the latest results. maybe not convinced enough to hand over some vat receivables for another well, though. such is the lack of trust in calamity baay by all, investors, our close banking partner, and the government, with whom we also have a great relationship. baay buying £50k will help with raising the floor, but actual results are needed for the next 50%. let's hope we don't get any more 'dog ate my homework excuses'. an interview might help outlining when cr3 test results can be expected, central drill program, casc 4 & 5, and maybe even something on vat and heaven forbid director share purchases. might be a bit too much for him to side-step.

You'd think it should be easy to get those extra $m's in VAT receivables then...? One for Calamity Baay though.

tobin, yes that is what happened, however not all central wells came on at that level.

stas, couldn't agree more. he cannot just pretend that casc 4 & 5 don't exist. he needs to provide an update on both wells that cost us in excess of $10m, and not hope to sweep them under the carpet with cr3. it's also important that he manages expectations on when the market will know the flow rates for cr3. he has in the past said early february. and you have the usual suspects here saying this month, which flies in the face of everything he has said in the past, and what is a reasonable time frame to expect. finally, he needs to stop hiding behind 'closed periods'. my last role was in a ftse 250, and our blackout period was one month prior to the release of results. i already knew how we were trading and what was 'spin' versus reality for a good month or two prior. this is a +£1bn company, so for calamity baay to be always in a blackout is b@ll****. financials are due early march. and cr3, if we're lucky, will be mid-february (at the earliest). the freeloading b@ll****artist can buy, and he can most certainly provide an update on casc.