Member Info for G_G_G

Wtf is going on here. How in god's name can oil be climbing in the way it has the past week and we're still going backwards...? We're at 12.5p ffs. If mgt have exhausted all avenues for improving the sp then we should put up a for sale sign. The best thing that can happen right now is a t/o approach. The important point though is mgt don't need to announce unless they feel the approach gives a far value for the company. So what if 25p landed on their desk i.e. 100% increase on the current sp - Does this constitute 'fair value'...? It's more than our house broker values us at, so surely they would need to provide detail. I'd take 25p in a flash. Thoughts welcome.

so you know folks i spoke with one of our nomad reps this week. he basically tried to say that because the permit has been referred to the national authority it means the process is still 'active' and they don't need to update shareholders on anything until it has been approved or rejected. this was their guidance to the company on whether 'price sensitive' information was being withheld. i pointed out the incomplete information they gave in the recent rns caused a 50% sp crash so that in my definition makes it price sensitive on the very basis it has moved the value of the company by such a huge amount. he then tried to give me a pathetic, subjectively interpreted city-gumpf lecture about the definition of 'price sensitive' information before i told him that was bull****. as you can imagine we didn't get far beyond this point. incredible how well versed at lying some people can become when they've been operating in an industry devoid of a moral backbone. i won't name the individual, however he is listed as a contact. i suggest a few more of you give them a call to experience how slippery these nomads can be when a company is shafting their shareholders.

i've sold another 500k in the past week. down to 1.5m now. i need 5p to break even with this holding. can't quite work out whether i should sell another 500k and sit with 1m and a breakeven of 6.25p. that's the problem you have when mgt and their slimy nomads interpret 'price sensitive' information in such a dishonest way. gla

As I've said folks, call the company, nomad, brokers, IR / PR. And if they don't come back to you then hit their social feeds. Company PR / IR are usually complete f@cking jokes and not worth the meagre money they're being paid. But they do manage the social accounts so the more investors asking questions and stating that mgt haven't provided enough information, the more likely we are to have mgt do their job and start filling in some gaps. GC can dodge having to do interviews or shareholder Q&A if he sinks a decent sum of money (min 1m shares) into the company paying his wage. That's another way to stop the rot and shut most people up for a while. Sadly Rupert's little buy has done nothing. GLA

One last thing folks is to jump on their social media pages. I'm not on Twitter but suggest concerns and frustrations are directed via this channel. Their PR / IR team don't pick up the phone. And the company isn't answering my emails, but I'm going to persist. There's a lot of information mgt need to share with the market and I for one will continue pressuring them to do their jobs and provide clarity to their shareholders on where things currently stand on the project. It's hard for them to ignore their social media feeds so get after them.

mgt need to provide an update on where things currently stand and reset expectations. it would be incredible for them to have negotiated offtakes, banking syndicates, received all sorts of licenses and encouragement to get a flat no from the government now. but who knows how long this new process could take. perhaps the local authority felt there was no way they could provide approval on a project that requires direction from a national level given water shortages. if it's this simple then we should know about it. yes it would mean a gigantic waste of time has occurred, but at least we'd know the project isn't dead. we should also be given new time-frame expectations, which is the very least mgt can provide.

mgt putting their hands in their pocket for another £20k would certainly help the sp. at the moment we're more likely to hit 2p rather than 3p. it's a complete ****show at the moment and unless they start communicating with their shareholder base the whole project and company could implode. gc needs to step up and start behaving like a ceo.

Guys, email and phone the company and their reps. I'm going to be doing this until I get a response. You should all do the same. It's simply not good enough for mgt to treat us like mushrooms after everything they have said over the past couple of years. We have no detail on the recent refusal to approve. We have no idea of when this happened and when the submission to the national body occurred. We have no new timelines. We have zero expectations being set with the market. It's such an utter shambles that it's almost comical. It was good to see some director buys last week, however I think they'll need to buy a lot more shares if they're to instill some confidence in the company. GC should almost certainly buy a couple of million after everything that has happened. But at the very least they should be providing more information to the market via interviews, Q&As and other channels.

Get out there and harass these useless pr!cks to do their bloody job.

You're correct Matt. I'm quite confident I hold more than most of the rampers on here combined and there's no way that we'll be above £10 without a bid landing of that magnitude. If we get to £6 by year end without a bid it will be a huge accomplishment.

Karl, stop being a clown. The £60m you quote is the upper end of guidance that hasn't as yet been met. And until it happens no-one is going to re-value the company. There's also a great big hole in Asos's balance sheet that £60m Ebit isn't going to fill. Get a grip.

Guys, let's not talk about numbers like £15 as it's pie in the sky stuff when our sp cannot break £4. The company won't even be taken over for this number in the next 1-2 years. A bid will land at £1-1.2bn if it lands at all in the next 6 months. No would be acquirer will sit back and wait for the value to increase. I believe Anders and Camelot will be the ones to go after Asos. They already have close to the amount of ownership needed to pass the t/o. And I have no doubt they will pick up everything that isn't owned by MA for £10, who they will probably need to make a partner unless they buy him out later at an even greater value. Once clear evidence of the turnaround is established in the next 3-6 months this will be in play. Anders will also have £90m from the Numis sale to spend. All to play for here. I expect the sp to be considerably higher than now if they meet their re-affirmed H2 guidance in a couple of months. Just need to be patient and ignore the noise. AIMHO GLA

Hi fellas, sorry I've been getting smashed at work the past week so trying to catch-up on everything. Couple of q's from the recent shareholder meet that I'd appreciate some answers / views from the board.

- Is it true mgt said any further acquisitions will be debt funded? This is critical as any capital raise from this level would result in huge dilution and completely f@ck PIs whilst taking care of the IIs buying.

- Why did they do away with the monthly dividend? The 50% cut to the dividend was brutal, but the change to quarterly payments I believe has wiped another 1-2p off our sp. There's plenty of companies offering quarterly payments near our yield. The monthly payment was universally liked and it's gutting to have it removed.

- What was said about buy-backs? I'm personally happy for them to do debt-funded deals at the moment (or even 75% debt funded), but to effectively use debt to buy-back our stock I feel is a waste of cash. More production will provide a greater buffer in bad times and bigger dividends in good times. BBs make sense in theory, but in my experience do f'all for shareholder value in practice.

Pretty gutted to be clinging to 13p again. Crazy to think we were in the 30's not that long ago. Unless commodity prices significantly strengthen in the next 6 months I can't see us getting back to the 20's anytime soon. And that would also require the dividend going back up by at least 50% from the current dismal level. Unbelievably cheap to buy right now. Reckon we'll need poo and gas to climb another 10-20% to get us back to the 15-18p range. As always I'd prefer if mgt just sold up. They've made a complete mess of things and there's no way they'll be able to get us back to +25p anytime soon. So they may as well sell up now and go find another job. Although it would be pretty hard for Majid to find one to pay him the salary and options we provide. GLA

has anyone been in touch with the company post apocalyptic rns? it would be good to understand if they're intending to do any interviews or shareholder meetings. it's the very least they can do given the ****show that we find ourselves in. there's a lot of unanswered questions and expectations to be managed. if they're unwilling to do this they should resign. they answer to their shareholders, and its their job to keep us abreast of anything that is pertinent to the investment we have made in the company. at the very least they can provide some detail as to why the local authority didn't approve the permit. when this occurred. how long they expect the central government decision to take and their confidence in the submission being successful. i suggest every person on here emails the company, nomad and pr/ir reps. i'll be emailing and calling this week. this company is nothing other than gambling until they give us some more detail. gla

Sir Shortalot I'm not sure where those figures are coming from. The Net Debt is far greater than £153m last time I checked.

Where is Majid's buy? He's probably the best paid ceo of a £150m mcap company in the UK. And he can't put his hand in his pocket...? He has destroyed shareholder value with some pretty poor decisions, the least he can do is the same as JF who has done this many times to date.

Who knows where the bottom is now. The fundamentals say the sp is getting ridiculous, but when the market doesn't trust you it's incredible how much the sp can be punished. If a 25p bid were to land I'd vote in favour.

Jacob, I think you'll find they didn't inform the market of the approach because mgt are in the pocket of Anders who clearly has his own agenda. The fact they allowed Anders and Camelot to 'vote it down' says a number of things. One is they're close with their two largest shareholders. Close enough to stop a re-rate from occurring on the back of an approach, which in turn could have meant they could raise capital at a far higher amount. And close enough for the collapse in the sp (and debt facility terms) to go with Anders and Camelot for additional capital, and an arms length relationship (but not a long arm) to a new debt provider. It appears they also said no to MA during this time on alternative equity terms. The question is whether Anders and Camelot have an interest in taking this private. They knocked back quite an offer, and since then we have another 20% shares (many taken up by them) plus worse debt terms, and an mcap £250m less than when the approach was made and over £500m less than the approach itself. If they're not intending to take this private then any offer in future should be announced to the market. And if Anders and Camelot reject the offer again then mgt, if they have shareholder interests in mind, should make public the offer then raise a significant amount of money near the new offer price from the would be acquirers. Pritn another 25% of shares, clear most debt, get a new major shareholder on board, and then allow Anders, Camelot, MA and the new big boy on the block to fight it out. Anders and Camelot would no doubt try to replace the board. But if the new shareholder has 25% it will be very hard for them to do so if all PIs vote in their favor. Throw MA some shares at the same time to ensure he retains his 10% and votes in favor of the bod. On the surface it looks as though Anders and Camelot have f@cked a huge amount of value here for their own gains. I'm fine with this providing they make a £1bn offer themselves. If not then it's borderline criminal the market wasn't made aware of the recent approach given what happened afterwards.

Good thing is they will need to provide an update in the next 2 weeks. Good or bad we should at least know something. As mentioned I suggest people hitting their social accounts and inbox to express their disappointment so it gives mgt a kick up the @ss and more reasons for the update to released sooner rather than later. Good thing (or so it seems) is the selling pressure looks to have abated. There were some chunky numbers over the last few trading days that appeared to show a few decent sized holders giving up the ghost. If that's the end of them we should hopefully be able to climb back into the 4's with a positive update from mgt i.e. them saying they're still confident of permit approval and that its nearing final stages. If they do this I'll probably add some more if I can get in near 4p. AIMHO GLA

We literally had both our legs broken by H&M news followed by the NED sale. Sentiment had turned and the recovery had been gathering pace. The NED should f@ck off if all he's doing is using the company as a piggy bank and dropping the sp with every sale. Mgt need to ensure they hit their forecasts no matter what in 10 weeks. Providing they do this (or exceed them) we should climb back to the 5's. Any sniff of weakness and who knows where we could end up. We need to start generating some serious cash from now as the debt burden here is significant v earnings.

And where the f@ck are those TR1s...?

Fellas, I suggest you send comments to the company and their social accounts.

kar, i'm embarrassed to be invested in the same company as you. nice to see some blue today and no leftfield **** being thrown at us. if we can get some good news (tr1s) next week we should hopefully be back well into the 4's. gla

We've just had 2 of the top 3 highest volume days since the great dilution event of 2021. What are people's thoughts on this? Who is selling? Are IIs / funds positioning themselves for the next great dilution event? Tony, how will you feel if they raise say 300m shares @ 11p for another acquisition when they're saying there's no money to cover dividend payments? And the repayments we're paying on our new debt facility, well we need to keep in mind they just drew down USD$55m - where has the money that wasn't assigned to the RBL gone?

4p (£40m mcap) was the last big support. After this it's all weak down to 3.4p. Then we have the hard bottom that says the company is going bankrupt at 2p. How very ugly.

Company is starting to look like a bad joke, which is reflected in the share price. Mgt need to provide a clear explanation and new time-frames to the market in the next 2 weeks. As for anything else, there's literally nothing that can be done other than starting the updated FS assuming their revised environmental approach is going to be approved. Quite tragic state of affairs at the moment. GLA