Member Info for G_G_G

jesus, gold is through $2100 and we're still stuck at 13.3p. f@ck i hate these patel shysters. we'd be 15p already if it weren't for their bid. i simply cannot understand how financial laws allow them to hold a sp to ransom for 9 months. nor can i fathom how the bod is allowing them to do so. they either need to up their bid or f@ck right off. disgusting ****roaches the lot of them.

Doubt it on the 60 days Noel, but I do believe when they start tapering rates in 6 months we'll breaking new highs and pushing toward $2200. And I think $2500 is a real possibility over the next 18 months. The Patels left it too late :) Looking forward to a bid between 15-20p in the next month.

It's truly outrageous that a bunch of shysters can hold a company to ransom for so long. You have to wonder just how low these guys might go to get their hands on the company. Good thing is the sp continues to strengthen. Nice 500k buy at 13.39p signals an intention for stakeholders to keep building. And with a good set of Q1 results this t/o offer will likely be lagging the sp. Reckon +16p needs to be the new numbers they offer. Hopefully they drop it soon and we can all walk away from these guys without feeling we've been violated. GLA

We've got 6 weeks until an improved offer or counter-offer lands. Otherwise we have drilling intercepts and a stonking Q1 production report.

One thing I'm keen to understand is whether the Patels can keep shifting the 'court date until end of year? If this is their intention then I believe we should be protesting to Aim as they should either release the voting figures and withdraw their bid entirely, or be forced to make an improved bid. Otherwise they're holding the sp to ransom alongside our bod. These guys have very little time before the heat starts getting turned up on them (bod included).

Absolute shambles the way this has been managed. If they do the right thing and don't try to steal the company for far, far less than its worth they will probably win. And by that I mean 16p or higher as a new bid. Going to hold until we get there either way. Gold still +$2080 and that's with interest rates being higher for longer. God knows what's going to happen when they start dropping. Reckon we could end up +$2200 relatively easily. Crazy thing is the Patels get an amazing deal at 18p and gold at $2k. They can pay back the cost of the bid in a little over 2 years. But if gold goes to $2200 or higher in that time, and they add the extra 30k production (for $10m) they will be able to pay back 18p in 20 months. Sneaky little pr!cks.

That would be closer to a fair offer Redhill but I don't see the Patels going that far. I don't think they can afford it to be honest. But yes, that would almost certainly be approved. Will see what they're up to soon enough. Gold looking like it could break all time highs soon certainly helps.

Well it's certainly getting a bit more exciting. I think the greasy little Patels need to add a good 15-20% if they're going to get this away. Funny as I'm pretty confident a bid of 15p could have swayed a lot of PIs in the first round. Not at all valuing SHG fairly, but probably enough to get half of PIs to vote in favour. Instead their greediness is probably going to cost them more now we have +10% of new fund ownership. These guys have been accumulating near the current sp so a simple 10% may not be enough to sway them. I'm starting to think 16p is the target the Patels will need to match. For the funds it's a good 20% ($35m) to share amongst themselves. For the Patels it's still a very good deal. They can have my close to 0.6% ownership for 16p no question. Either way they have a few weeks to make an improved bid or we see a huge amount of news flow and get near that level anyway with the opportunity lost. The other good thing about this failed bid is it puts a clear line under what's required to get something over the line, which is 15p. GLA

We won fellas! Well done to everyone who held firm. Now these slimy pr!cks and the bod need to go away and come up with a number that will make the funds supportive. They obviously had a side chat with Samson and co and were told they wouldn't get the votes. If sp falls it will be very short term. We've got new funds on board and an offer still on the table that will need to be improved. As one poster has mentioned already, why postpone the vote unless you're intending to improve the offer. I think 15p is incoming. And if that's their offer I will begrudgingly accept and move on.

To the greasy little Patels, you can have my 5.9m for a minimum of 15p. And you'd still be a pair of filthy, thieving little swines.

The little guy has won this round, and we're looking strong to win the match. GLA

Samson still accumulating I see. Depends on whose side they are on, but cannot see them dumping anything if this fails. They'll be in it for an improved offer and will no doubt use their 5% to dictate terms. I can see an improved offer landing within a couple of weeks if it fails. GLA

Tony, thanks for your hedging response. Looks to me that $80m NOI for 2024 is relatively safe providing WTI averages $75 or better for the year. Providing gas stays closer to CAD$2.00 average for the year it should be pretty safe to assume this number. Still puts us on EV:NOI of roughly 2, which is very good.

Not wanting to kick off any more hedging debates, but does anyone know how much gas and oil has been hedged as a % of our 2024 production (if assuming same production levels / mix as Q4 for all 2024)? I'm keen to get an idea of how much production is remaining after ringfencing $41m of NOI for this year. It should give us a decent means to estimate whether +$80m NOI is a reasonable assumption for this year.

Tony, this is where using a range of AECO (CAD$1.50-2.00) and WTI (USD $70-80) would come in handy for remaining production average pricing.

The vote for SHG closed today and Thursday is D-day on whether it has succeeded (or not). As mentioned in previous posts i3e is on the menu again but I'm keen to get a sense of likely 2024 NOI based on hedges in place and a range of pricing scenarios. Any workings would be appreciated.

Well I guess we'll find out soon enough whether these greasy little b@stards and our bod have gotten away with it. I sincerely hope not. Well done to everyone who stayed the course. And thanks to Kadavul who has stayed on top of everyone to ensure we've banded together as best we can. It's now down to whether some of the funds have voted with us or taken 3%.

Didn't realise this was the last day to vote. For some reason I thought it was tomorrow and we get the results Thursday - anyone know the milestones?

Good luck publican. It's pretty ugly in AIM, but when you get something right it can be huge. I had about £1.4m at one point in AIM stocks and it's now £400k lower. What's worse is I had £1.25m of that money in 2 x investment ISAs (my wife has the other). It's painful to remember that I was talking at the time of pulling out everything and going into Meta, which had dropped to around $120. I'd have over £5m and be close to retirement had I made such a move. Crazy really. I hope this isn't a con job as the thought of something even dodgier going on in the b/g makes me sick. I think I'd fly to Tanz and put the Patels in a hole if they try anything like robbing us of everything. Anyway, best of luck away from AIM.

Nomadic, I think the issue is investors aren't seeing another year of £73m NOI. Average 2024 AECO gas prices are almost certainly going to be lower by CAD$1-1.50. And WTI will do well to average USD75, which is probably $3-4 lower than 2023 average. Still stupidly under-valued even if NOI drops to £55-60m, but gas prices are a big anchor at the moment. It's my only concern for this year.

Dude. Firstly, don't say dude. Secondly, f@ck off.

You're a little board roach. Go back to your masters and tell them their vote is going to fail.

Apologies Publican, your post could have been taken two ways and you got a quite harsh response. Just annoyed at seeing some of the id!otic posts from Tony and Zero and thought you'd started doing the same. Fair call on leaving. Shame we've lost your votes.

As for Kefi, people raising other companies on boards doesn't bother me at all. I've often discovered some good companies this way. Can't say he convinced me after looking at Kefi - much riskier than here. I wouldn't go near it to be honest. GLA

Rehauer, what's the duster you're referring to?

Tony, the reason I was asking for AECO @ CAD $1.50 and $1.75 to be entered into your spreadsheet is because it represents the lower end of what could happen. I don't share your enthusiasm for AECO in the near term so believe it's better to look at worst case scenarios than hope for better. In fact I think AECO is likely to drop as low as CAD $1 in the summer. And the hedging doesn't last forever, which is why I think CAD$1.50 average for the year is possible (low-end). WTI I see range bound between USD$70-80 for the year, which is why I think $70 and $75 are good levels to model alongside the AECO @ CAD$1.50 & $1.75. Gas is the big drawback and the reason why the sp is lagging - most investors don't see prices climbing much above current for a little while yet.

Oh Publican, here you were here telling us to hold strong all these months and then p!ssed yourself. I've been here with close to 6m shares and unlike you have remained consistent in my views. So not 'selling my book' anymore than I was months ago. You on the other hand...

But tell me, what exactly have I posted that you disagree with? Tell us why you wet the bed Publican.

Who are you referring to there Publican? And what's the load of tosh?

looks like a few have **** the bed today. so dumb.