Member Info for G_G_G

Aye, if you want to contribute anything of value then try dissecting what I have said. Come on, at least give us something. Are you even capable of mustering a well reasoned argument? One backed by facts? Or do you just spout one line nonsense like Zero.

Looks like the Admin over on Discord has restricted my access. How funny. Fanboy Club doesn't allow investor views backed by facts. Rather, you all need to be positive, even in the face of CEO deceit, gross incompetence, immense value destruction, and a future lacking any real growth for at least 12 months. And scarily, the only part of that last statement that is opinion is the last part. Oh, and being part of the fanboy club means you have a direct line to Calamity Baay, WooHoo! This btw isn't an attack on John, he's doing a stellar job dealing with Lyin Paul. I'd knock his teeth in.

Hardole (Zero), how about you give us some more of your genius. I literally haven't heard anything from you regarding actual events and what that means for the future, other than stating insurance will cover dodgy brothers £10m equity call. We all had a laugh at that one, and from memory you crawled into a little hole for a while. Now you're back, give us something else for entertainment's sake. And Lyin Paul did say a raise wouldn't be required for Central as it's self-funding. And in another interview he did a sleight of hand in sidestepping whether the raise was required for the loan, and then added the bank didn't even ask for it. I encourage everyone here to watch the interview and how he addressed it to see the lying pr!ck in action. Why did he do it? Because he knew we'd take him to task after saying that a raise wouldn't be required at all for Central. So he dresses the raise up as 'for accelerated production only', and that the bank didn't ask for it. Evidence of how his lying dug a deeper hole in the end. All facts folks.

Aye, you're perhaps even worse than Zero. You give nothing other than halfw!tted drivel. Do try just once.

SS, I'm glad you have opened your eyes. I'm also sorry for your losses, but you can decide to invest with your eyes open, or you can choose to believe the likes of Lyin Paul and his 'believers' on here, and get sh@fted. Unfortunately, we all got hoodwinked by The Great Calamity Baay, because he neglected his fiduciary duties in disclosing the equity component of the loan, and in order to pay our bills, had to get us a 'Debenture' (sleight of hand trick for raise) at far worse terms than the 20.5p raise that we were never supposed to have needed. And we pay fees and interest until that debenture is converted. And we still have the remaining equity component hanging over our heads.

Everyone has been f@cked here, just some of you don't know it. From where I'm sitting we've got a while in the teens (until Casc 4 & 5 are announced), and providing they are successful, we may retake 20p. But they will need to be successful. For us to get to 25p, we will need to have the remaining equity component dropped. If it remains, then don't expect us to get to 25p without another few wells being drilled on time, budget, and hitting best case forecast. Calamity Baay will have printed more than 100m shares, averaging less than 18p, for us to get Central and a few more wells drilled. That will take a long time to churn, even with good news.

He should not be allowed to stay in position. And for a company of our size, to have such an incompetent, deceitful man at the helm, being paid $800k per year with a fat bod backing him up, is disgraceful.

my views on today's results. well no surprises for me. i said base production would be ****. why? because we haven't drilled and hooked up a well all year. that central will be used as a sleight of hand job on the mentally weak, and hey presto - shockingly **** results, but we have some folks saying 'how amazing, look at central'.

the results also highlight why we had to do another last minute raise. we had run out of cash. even yesterday's announcement provided the real reason for this raise - 'accordingly, the company believes there is a high level of uncertainty as to whether it will receive the outstanding balance of proceeds of £10,324,500 and has therefore completed the offering to partially secure its near-term capital requirements'.

the bull**** being spouted on here from the likes of hardole (zero of the year), about 'legally binding terms' and 'insurance will cover', clearly don't align with what has happened. and good ole lyin paul thinks that calling it a 'debenture' and focusing on it being for production, will make it appear as though we're not raising again, for far less, to pay our bills, let alone drill wells. and for those of you who can keep up, the reason we need so much is because without the 'flush' rates of two new wells, we'd be well up **** creek because it turns out the bank did ask for an equity component, which happens to be $18m, and they're still insisting on it. if that doesn't tell you about our real financial position, then i don't know what will. keep in mind we need to pay over $1m in fees and interest until they convert their shares at 16p. so the real cost of this mega-raise is even greater than what most people here think. please also remember that calamity baay gets paid $800k per year to do this.

so for the uber rampers, let's focus on what's next, because at least i have something positive to say from our lowly sp of 14.5p. johnoxx this is my opinion by the way. why i even need to say this i don't know.

- it cannot get any worse. the massive raise at 16p plus interest & fees, and effective raise at 17.6p (inc. warrants), means that value is to be had up to 17.6p.

- providing they don't f@ck up casc 4 any more, we will get flush rates and things will look far better in q4. forget about q3, it's almost done, and central is the only thing holding the number up.

but as for us climbing above 20p, i wouldn't hold my breath. we firstly have to wait for casc 4 & 5 news, as this is the only real sp catalyst. but, we need to keep in mind there's still a very large raise to come - a very big anchor. why? because lyin paul couldn't get the terms changed at all. if he can remove the last equity component then imo we will hit the 20's in the next 3-4 months and likely get to the mid-20's. if he cannot, then we'll stay around 20p for 6-12 months because of the huge number of shares at 16p & the rest. been here before in companies with far better assets and mgt. just the way it is.

New post title because I think a lot of you are missing things through your rose tinted glasses. Thankfully ONE poster is able to do basic maths to point out we have had even greater dilution to get to a position where the compnay has enough funds to pay our bills, and then do some drilling. This is why they did a last minute raise AGAIN, but for different reasons. Feel free to correct anything that is untrue; otherwise read and digest for those of you singing what a great deal we have.

1. The most recent massive dilution has been done at an even lower price than 20.5p. For those who can keep up = £9.2m @ 16p + £5m @ 20.5p. This gives you an effective raise price of 17.4p. If you add the |£1.2m warrants at 20p you get a 17.6p raise price. The 20.5p guys must be seething. Based on this, how the hell is this a win? Let's run through what has actually transpired so you can see why I think Calamity Baay is an incompetent, lying pr!ck.

1. We announced Central on December 13th. NO RAISE REQUIRED said Lyin Paul. The sp was 22p and it climbed afterwards to 28p.

2. Over 6 months later we are waiting on Central closing. When we get the news we are also told they have raised £12.5m @ 20.5p with RESPECTABLE IIs. Reasoning was to accelerate production. NO ATTACHMENT TO THE LOAN. THE BANK DIDN'T EVEN ASK FOR IT. All Lyin Paul's words.

3. Lyin Paul doesn't tell us who those RESPECTABLE IIs were, even though they would own over 25% of OUR company.

4. Lyin Paul waits over 1 month to tell us that dodgy brothers, who were responsible for £10m of the equity funding, haven't come up with the cash. Lyin Paul says - DON'T WORRY IT'S ALL JUST PAPERWORK.

5. Lyin Paul gives us 2 x updates to state the funds haven't been received. DON'T WORRY.

6. Lyin Paul announces the funds haven't been received. AND THEN DROPS A BOMB ABOUT THE LOAN HAVING $18M!!! ADDITIONAL EQUITY NEEDING TO BE COVERED BY YEAR END TO SATISFY TERMS!!!

7. SP crashes. Lyin Paul tells John (our PI representative) that no other raise is being considered whilst legal actiOn against dodgy brothers is happening. Speaks of other financial options that are non-dilutive.

8. Lyin Paul effectively does another raise for £9.2m @ 16p, with another £1.2m @ 20p warrants. New effective raise price for £10.4m is 17.6p.

Now you tell me whether that lying c@nt deserves to be in an $800k job or chains? And as a PI after being sucked in twice on NO RAISE REQUIRED + NO EQUITY COMPONENT TO LOAN, and ended up with 1m shares @ 22p, I'm meant to be happy because he didn't raise at 12p...? The guy should be put against a wall for crimes against mgt. BUT Most off all, don't celebrate this as a win, because it's straight up ret@rded. The useless !diot had to do one thing, and that's not f@ck us over any more. He failed, he printed even more shares, and a lot more shares still need to be printed because the remaining cash from the LOAN THE BANK DIDN'T ASK FOR IS STILL DUE.

Open your eyes ffs.

My views on

No I'm not overly happy, and don't understand why folks are so happy here. Great that everything is MOSTLY sorted. But the fact remains he took over 6 months to f@ck a straightforward deal with a last minute bucket shop raise that he told us wasn't necessary, then attached it to a loan and didn't inform the market, in fact he misdirected and lied about it. And now he does another raise, but at a 20% discount to what we had originally, and there's still a requirement for a cash call this year. All that has happened is he has essentially diluted us further. He also lied about 'the bank not asking for it'. Well it appears the bank did ask for it, and has insisted on ALL OF IT.

Great the sp has gotten off its knees. Still a complete f@cking joke of a CEO to allow this to happen. And we're worse off than we should be. The bank hasn't rode to our rescue, which says everything you need to know about their confidence in Calamity Baay. An absolutely incompetent, bald faced lying pr!ck. He needs to be voted out. A ret@rded monkey can do a better job, and for far less than $800k per year. I wonder if the Calamity Baay and the bod are going to stump up in a big way for the next raise. Or heaven forbid allow PIs to participate.

I think it depends on the multiples being used. Unfortunately we are being punished for management missteps, like Shinez, and then Search. But if we can get debt down to less than Adj EBITDA this year, then £1 I do believe to be fair value in 6 months.

Doing the maths on EV:EBITDA, which I thnk is the most important measure for us. At $60-65m debt and $65-70m Adj EBITDA, we get a multiple of 6. Providing the H2 numbers show a steady climb in Comparison and Search, then I think this is fair value based on us being on a 5-6 multiple in the past year or so. Investors will see a manageable debt load, which is currently a red flag. They will see growth in Comparison and DIS underpinning the majority of the £1 valuation. And, ideally, will be convinced of the hockey stick lift in Search value. Even allowing for $75m Adj EBITDA in 2026, it will allow us to halve debt again, and do a modest BB of 5-10m shares. You get a EV:EBITDA multiple of circa 4.5 with 235m shares @ £1, a debt level of $35m, and $75m Adj EBITDA. If Search is performing well next year, then you can see why we should be valued on a multiple of at least 6 due to growth potential, which would equate to a sp of £1.35 @ $75m Adj EBITDA.

Anyway, the upcoming results are going to be very telling. Mgt need to ensure they get across the re-set and growth story for Search more than anything. They need to show the growth curves, and expected growth curves, of each division. And give us far more detail on where we are going to end up debt and EBITDA wise at year end. If they can tell this very simple story then we will jump by a good 25% from today's sp and end up at +£1 in 6 months. If there's excuses or any doubts then we will be here for a while longer. Shinez also needs to be addressed, whether they like it or not.

Johno, I'm not going to go back and list all the wells. I've been following TXP, and buying in and out, for about 5 years. I remember they have had the wrong drill rig, exploration misses, well-bore damage, the wrong drilling mud. There's probably more as it seems every drill is a coin flip with them. Yes they have drilled some good wells, on time, and on budget. But that's their job. We shouldn't have to hold our breath every time a drill is turning.

i could say the same thing about posts stating over and over that we're going to do 50% in a day or worth x & y. that we have all this potential etc. yep, don't disagree on the potential and upside if they get the finance sorted. but you also need to keep in mind the downside. and the facts are, we've got an $18m equity raise hanging over our heads, we've only had a downward sp direction for years, they have f@cked things up repeatedly on acquisitions, drilling, funding, the ceo is a bald faced liar etc. etc. these are the 'knowns' and what has transpired over the years. these are the reasons why the sp is in the 13's. and if they go back to the market for another massive raise the sp will stay anchored for at least another year. that's the flip side. and that's why no-one is buying. i'm just someone who looks at the 'knowns' and states what they are, rather than sit in some happy place when i've been f@cked by a useless, bull****artist ceo and his fat bod.

there's nothing i want more than the finance fiasco to be sorted without dilution, and casc 4 & 5 drilled. and if that happens, i'll jump on board the rocket train because the 'knowns' will have turned +ve for once. pb will still be an !diotic clown not fit to run anything. but at least we can focus on the resources and potential revenue generation at this point. and once we get near a reasonable valuation i'll most certainly out, like many i imagine. pb simply cannot be trusted at any level.

sorry i need to point out why we may be very, very far from a great investment opportunity, based on where we are now, and what could happen.

ss, whilst i admire your positivity, the fact remains that we have an $18m equity raise hanging over our heads. that's why the sp is in the 12.5-13.5p range, and not in the low 30's. if the raise occurs down here, then don't expect to get back to the 20's for at least 12 months, and that also assumes that calamity baay doesn't f@ck up casc 4 or other wells (good luck with that based on previous wells). the market hasn't got it wrong. there is risk all over this stock. and our ceo is a lying charlatan, which creates even more unease. we have declined by 60%, 85%, and 87% over the past 12, 24, and 36 months respectively. says it all. casc 4 is by no means a slam dunk. it's half drilled, and for all we know they ****ed up the first 50%. remember, they made a mess of a couple of other wells that didn't require 4 months of drilling, going nowhere, before they realised they were using the wrong drilling mud. previously, it was the wrong equipment. calamity baay has this name because he's a complete f@ck up. i want nothing more than for the loan terms to be sorted and for us to regain the 20's. if he tries to dilute us down here, as his way out of the mess he created, then i hope that every pi takes this for what it is and votes the clown out of his $800k job. just saying that number is astonishing. look at the value of our company, and how much we are making, then look at his 'package'. he's literally robbing us.

Quite amazed by the lack of appetite here after that recent interview. I sometimes wonder whether they are trying to juice the sp because there are some entities sniffing about to take it private for f'all. If someone is interested, they will need to do it before the results are announced in a few weeks, provided of course they are positive. Some good numbers, and I can see the low 70's being our next base. Fingers crossed.

i have to agree that the sp cannot take much more of a beating. even if he raises up to the maximum allowable without shareholder approval, it will likely be at 12p and enough to finish casc 4 & 5. hopefully this would also satisfy the bank that we can comfortably cover the loan.

absolutely shameful performance from calamity baay and our fat bod. to think he had the brass neck to say it wasn't their fault that the raise fell over, when the f@cking imbecile took over 6 months to close central with a highly dilutive raise with bucket shops. had he acted earlier and decisively, rather than saying 'we won't raise' for months, then he could have gotten it away in the low to mid 20's. and we'd have drilled a number of wells by now. instead, he clearly had no idea about our finances to understand that paying for central without dilution was a pipedream, lied to us, f@cked the raise 6 months later, lied to us again about it not being linked to the central loan, and here we are. he gets paid close to $800k to make these decisions. it certainly will be interesting to see what is said. fwiw i think we'll have a delay to gett he results, and they will say it's because they're working on 'blah blah'. the delay will then drag on for weeks before we finally get the q2 numbers along with nothing meaningful on the raise and loan terms. they'll say they cannot comment due to legal or some other bull**** and this will drag on for another month or two.

one thing's for sure. if he tries to dilute to satisfy the loan terms the bank didn't ask for (according to him), then the pr@t needs to go. back in the 12's. what a mess.

One other thing is we're very clearly up for sale. The point about Search being an exciting prospect for venture capitalists was an interesting thing to say. At the very least it points to high confidence of RSOC climbing rapidly to eventually take AFDs place for revenue and EBITDA contribution.

what do you guys make of the numbers discussed...?

i think dis we can expect will hit guidance or better. comparison i couldn't quite work out whether the 'pivot' was a way of telling us they aren't going to make what we thought they would this year. you never know with these guys. would be good to hear others thoughts on this. i'm assuming that all is well in dis and comparison given the new markets seem to be adding $3-4m million in revenue and $1-1.5m in net revenue. providing core markets are still growing then we should be able to expect double digit growth (say 15-20%) in comparison in adj ebitda, which amounts to $18-19m. in dis it shoudl be safe to assume double digit growth (10-20%) in adj ebitda this year on the back of the .co win, which would mean $21.5-23.25m. putting them together the mid-point would be circa $41m, which is bang in the middle of the $40-43m guidance.

search is obviously the big one and i'm not sure if we can draw much out of what has been said. he did mention rsoc as being on a run-rate now of 'over $100m'. let's say $100m, and you get a little over 20% of the total search revenue for 2024. the issue is they have only provided net revenue figures in the guidance that stated of the $91m generated by search, circa $72m came from afd, and the rest from 'rsoc, zero-click, display and video advertising'. from this $19m you cannot work out how don't know how much of it came from rsoc. if only half (say $10m), then you have $9m that should be added from zero-click, display and video', and at $100m for rsoc in 2025 you should be able to expect $17m in net revenue (based on flat conversion for 2024 revenue to net revenue). not sure how much can be added from afd given google didn't f@ck the market until the start of q2, and even then it was phased.

the whole thing is guess work but feel confident that comparison and dis are going to be $41-43m in adj ebitda. search, i think it's fair to expect rsoc to contribute $10.5m adj ebitda (off $100m revenue), 'other - zero-click, display and video' $5.5m, and then you have afd? if you took q1 as the same as last year and then gave nothing for the remainder of the year, you should have $18m net revenue and circa $11m adj ebitda.

total adj ebitda base case scenario would be dis + comparison = $41m. and search being $27m. this is dependant on rsoc making up only half of the non-afd net revenue in 2024 and an annualised $100m revenue for 2025. if these broad numbers are roughly correct then we can expect upper end of guidance = $68m adj ebitda. it's not hard to see how they could get tot he 70's though.

quite annoying that he didn't tell us anything about guidance given the bull**** update they provided in q1. they would absolutely know if they're going to meet or exceed the range they provided.

hardole is talking b@llocks. literally contributes nothing, no position or scenarios with sound reasoning. and when he finally does have something to say, other than ****bagging pis on massive losses, he tells us that he has over 1m shares, and a direct line with the company, who has told him not to worry as we have insurance to bail us out. then dodges providing answers when people are calling him out. absolute zero.

as for next week. i'm expecting ****house results except for central, which calamity baay will use to disguise the decline in other assets and the fact we haven't drilled and hooked up a single well all year. if he doesn't find a non-dilutive solution to the loan mess, then he has to go. he should have been ousted years ago, but this is the final straw. any sort of raise down here and we'll struggle to regain the 20's , let alone 30's or more. looking at discord the majority of people are holding averages at more than 3x the current sp. dilution is not the answer unless it's at 20.5p or higher. that overpaid lying pr!ck needs to shut down thinking about any raise at less than 20.5p. unfortunately lyin paul hasn't done this yet, which leads me to believe that he and our f@t bod are still looking at a raise as the way out. anyone with an issue with my nicknames for paul will need to provide reasoning as to why they are unjust. if you can, then i'll happily stop it. good luck with that.

hilarious response. best run along hardole, it's absolutely clear to all that you're full of ****e.

john, have mgt responded to your questions? it has been over a week now - you'd think they would care enough to come back to a group representing +15% ownership of the company that pays their wages. it's not like it would take that much time to answer. fwiw, i do appreciate what you are doing.

Semi-literate Hardole, the absolute zero of this billboard, talks up his holdings and insurance claims, then... nothing. C'mon Hardole, tell us about that massive holding and average of yours. Even better, tell us a story about insurance claims on the missing £10m. You know, the one that TXP mentioned in your correspondence.

no holding and average from you then hardole...? no explanation to the 'insurance' avenue that txp mgt told you about...? you're as full of **** as pb.

Stas, you look to have caught up to me in your assessment of PB and what he has done to investor wealth. Totally agree with your last few posts.

An investment here, even at 13p carries just one risk - dilution. Roll the dice if you dare. I averaged down and got caught by Calamity Baay not telling us about the loan terms. On this point, suggestions of changing the terms to move out the date for completion of the $18m equity component will achieve f'all. It's still a huge amount of money, and it will still require a huge amount of dilution, so will keep the sp anchored to these lows. And if one was to change the terms, why the hell wouldn't you remove the $18m altogether...? If PB simply moves the date, he will still have failed. And more so, it will point to the bank having insisted on an equity component as part of the loan agreement all along. PB has said this wasn't the case, they didn't ask for it, and it's ONLY to accelerate production. Folks will need to hold the lying pr!ck to account if this is the option he takes.

Only results that will work for us is the removal of the $18m equity component in the loan terms, and if that fails some other non-dilutive instrument to satisfy the bank. That's all our chief charlatan needs to achieve. I might even be willing to forget the recent f@ck ups if he can get either of these done.

Yes SM we know the investment proposition here IF they can rectify the monumental f@ck up of the $18m equity being linked to the loan. If they do another massive raise down here, you won't get 50% in a day at any point in the future. More like a 10-20% drop and MAYBE a slow climb back to the high teens over a year. This is why I'm not putting more money in, and I imagine why all other investors are avoiding it with a barge pole. The other thing is Calamity Baay is a lying snake and amongst the worst CEOs operating on AIM at the moment. There is no trust in his competence or his word.

Hardole, take a look at SM's last post. I have been quite open about my shareholding and SM was paying attention to when I was adding. But you sound as though you are an even bigger PI. So what's your holding and average then? And do tell us about the insurance policy that TXP mgt have mentioned in your correspondence - you have been asked multiple times now.