Member Info for G_G_G

hardole, how much to unpack here. firstly, run your posts through a spelling and grammar check for ret@rds. secondly, i hold 1m shares at 22p, so down the best part of £100k. thirdly, the bucket shop was portillion, you know, the guys that didn't come up with the £10m. finally, baay did not tell us of the missing £10m for over 1 month. he then said it was just paperwork. and only when the £10m fell over completely, did he tell us of the $18m equity component attached the loan terms. that's withholding market-sensitive information on two counts. and the lying pr!ck also led us to believe there was no raise / loan relationship in an interview when he said the bank didn't even ask for the raise, and it's only for accelerating production.

you're a penny trader who likes to stir **** with people who have lost a fortune whilst you lost some lunch money. and yes, i'm emotional, because i've been hoodwinked by the incompetent charlatan we have as a ceo.

oh, and do tell us about this insurance...?

Sorry am I missing some official comms about an update...? Great to see our f@cking useless mgt team are still picking up their shares.

SM, not great that you've added 250k, and the sp is falling from 13.5p!!!

It sure will be interesting to see how Calamity Baay spins the latest mess when he finally pops his head up. The fact he tried to say it wasn't their fault when it took over 6 months to close the deal, only to have a last minute raise with bucket shops fall over. Oh and he forgot to tell us about the missing £10m for over a month. AND, he forgot to tell us about the $18m equity component connected to the loan right up until the raise completely fell over. Yep, nothing he could have done better.

Yeah I'm hoping they have sandbagged the guidance and we're going to get Net Debt starting with a '7'. That would be a very good result and should get us back to a debt:ebitda ratio of less than 1 by year end. Fingers crossed so we can move back toward £1 by year end. Reckon if we're going to get another offer it will be in the next few weeks. If they deliver some decent numbers we will be back to 80p and any offer will need to be above £1. Right now, I think an offer would be accepted at £1 providing our biggest shareholders are able to roll over their holding into the new private entity.

you'd think so, but that would require a mgt team not led by calamity baay. i imagine we'll get the whole - we cannot discuss blah blah at this juncture due to legal reasons blah blah.

not sure what people are expecting from the q2 numbers...? last i checked, our wells were still declining at a reasonable rate. we still haven't hooked up anything. and the only growth to speak of wasn't generated by the clowns who run our company. the only news we need to hear is they have removed the $18m equity component from the loan. it doesn't matter if we cannot accelerate production. we just need those loan terms removed and confirmation that casc 4 is being drilled and a timeline on when to expect casc 4 & 5 results. the sp will rebound. and i couldn't care less if calamity baay then does a raise for $5-10m to drill a couple more wells, providing it's at 20.5p or higher.

issue is the loan terms haven't been changed, even though the bank apparently acknowledges it ultimately wasn't the fault of txp. of course we don;t know if this is true because we cannot trust a single word that comes from baay's mouth. but let's say this is the case, surely we would know by now whether the bank intends to hold them to the $18m equity element...? and surely we would know if there is any legal recourse on the missing £10m from dodgy brothers inc...? it will certainly be interesting to see what is said. i'm personally expecting very little and for it to take an age before we get an update, as is often the case from calamity baay whenever there is a mess. and i expect the q2 numbers to be ****e. remember casc 4 & 5 were meant to have been drilled and hooked up months ago. in summary, i expect nothing good to happen for at least a month, if it happens at all. aimho gla

Well that was a quick reversal. Now let's see if we keep building up to results. It would be nice to reclaim the 70's and then get a solid, positive set of numbers to value the business with. I can see us regaining the 80's with some meaningful debt reduction in H1 of $15-20m (and more promised in H2), alongside a reaffirmation of $65m or better Adj EBITDA with double-digit growth in 2026.

Some quick calc's for year-end and forecast numbers for 2026

- YE 2025 = $60m net debt

- Forecast 2026 Adj Ebitda = +$75m

- Forecast 2026 EV:EBITDA multiple = 5 (@ £1 SP).

The above numbers are what they have provided so far, so I feel confident we should regain £1 in 6 months if they deliver on their promises. This would mean an EV:EBITDA multiple of 5, which is crazy, but what we seem to have dropped to recently due to mgt being f@ck ups. Incredible how long it takes to wash through a mess like Shinez.

1 measly trade pretty much says it all. TXP currently does not represent an investment opportunity, even at 13p. PB and the bod should hang their heads in shame.

John, as dirty as I am on our clown mgt team and chief clown Calamity Baay, I do appreciate what you are doing to voice our questions and concerns in a polite (maybe too polite) manner to the company. You have an invaluable relationship with TXP, it's just a shame the company is run by the like of Baay. Thanks for keeping us informed, and feel free to tell Baay he's a f@cking joke from me :)

Yep. Absolutely shambolic business decision. Providing they can meet or beat $65m Adj Ebitda then I think we will be ok. It will just going to take another 12 months before we regain £1. Happy for a t/o before-hand, providing it's at this level or better.

Agree Lukee, they have far too much debt on the books when you take into account shaky Ebitda numbers. I think it's prudent to get it down to a 1 ratio again before doing any more BBs. Just reinforces how horrendous the Shinez mess has been for the company. It has cost the company $35m, not taking into account it is probably loss making at the moment. Remove that from debt and your ratio is less than 1, and they can do BBs quite comfortably. Shinez is such a f@ck up for a company of this size. We'd be sitting at £1 and able to buy 10% of the comp nay back this year if they didn't make this mistake. They also need to provide an update on legal proceedings.

SM, I don't doubt that you're a very large holder, and perhaps the biggest PI here. But you need to accept that you've stated that you use a trading pot, which I know you use over at other stocks like EME and TEK. So when you start posting 20 times a day and some other folks appear doing the same, and the sp jumps by 15% (before retreating again), then you have to expect people are going to call you and your other posters out. I have nothing against people trading, well done if you are making money. It's the ramping that doesn't tell the full story, with the full story being that Calamity Baay has the market concerned about a huge dilution event because he tagged $18m equity raise to the loan and didn't tell the market at any point. The threat of huge dilution, combined with him misleading and withholding critical information from the market has caused the sp to be where it is. This situation hasn't changed, and is the only thing that matters. By all means go on about all the assets and potential once it has been sorted. But until the reason that we're all heavily under-water is resolved, anything else is mindless ramping.

Just doing some research here and want to double check the 2026 AISC range ($2400 - 2800) is in AU$...?

As for the sp dropping, often it's just a consequence of the sp appreciating rapidly prior. You've got plenty of punters who are still in profit and happy to take money off the table at 12p old money, especially when there has been a decent increase in AISC and a downgrade in production levels. The big growth story for GGP is also 3 years from now, which is a long time to wait for people, especially when you're unsure of what to expect with gold prices. Great they have done some hedging, but may be worth them extending a modest % of production further into the future.

Go f@ck yourself Charlie. If I'm p!ssed with mgt in a company it's usually for good reason. Unless of course you want to defend folks like Calamity Baay over at TXP, who recently misled investors (again) and withheld information from the market resulting in a 50% drop in the sp, which is down 75% in 2 years due to other f@ck ups.

Hi guys, just being lazy here but hoping to get a few easy answers to the bloew.

- What is the conversion ration from current to old share price?

- What is the forecast full-year production in 2025 and 2026?

- What is forecast full-year AISC for 2025 and 2026?

I've only skimmed recent news but looks like folks have been side-swiped by a huge step-up in AISC. Are development costs (inc exploration) included in these numbers?

stas, i agree with your post about voting at the last agm. i also agree that it highlights why calamity baay needs to fix this mess, as there's a lot of votes that will definitely be cast at the next agm if he thinks even bigger dilution is the way forward.

tidd, take a look at my posting over the past year as i built my 1m share holding. the reason why i'm so p!ssed off is i bought in on the guidance that casc 4 & 5 would be drilled and hooked up in q4 2024/q1 2025. remember those timings...? that was before the biggest on-shore o&g company took over a month, spending in excess of $4m, to realise they were using the wrong drilling mud, or some other thing equally ret@rded. i then more than doubled down from an average in the high 20's to 22p for 1m shares. this was on the back of central deal (and it not needing any raise), and then a successful raise after baay squared it as not being for central 'it's for development'. you see the sleight of hand the lying pr!ck likes to use 'i didn't lie because the raise is for development and nothing to do wiht central'. then we heard nothing beyond the 15th may timeline that was set for funding completion. i even added a few more after we found out the funds were missing, as we were told it was 'just paperwork'. my thinking was the worst case scenario is we have a slower expansion rate if the £10m falls over, but we will have less dilution - so a good thing. then we found out weeks later there was a loan / raise dependency, like the rest of the market.and you think my ire directed at our overpaid, incompetent, bull****artist ceo is because i sold over 1m shares at a huge loss and want back in even cheaper than 13p...? you're an even bigger m@ron than baay if that logic holds up in your head. i'm p!ssed because i got duped by a car salesman masquerading as a ceo being paid $770k per year. everyone here was talking about high 20's, 30's and even +40p post casc 4 & 5 being hooked up. the cost to us isn't the 20.5p raise, it's where the sp should be at the moment, which is more than double the current 13p. the cost to me is close to £150k, and the worst thing is none of us knew our capital was at massive risk because baay didn't share market sensitive information with us, nor did he do it in a timely manner. the man should be in chains.

johno, the last time we hit 15p was on the back of sirmark and a few others ramping (who have since disappeared), pushing up the sp 15% on the back of 500-1m in purchases. i called it at the time, and here we are (again).

Not going to apologise for rounding up to $800k what Calamity Baay gets paid per year to f@ck things up. If he were only getting a salary and nothing else, I wouldn't mind as much what we're paying him to lose us a fortune. But this lifestyle company rewards the useless clown even when the company value has more than halved in 12 months, and we've lost more than 3/4 of our value in 24 months. It's so unbelievable this guy is still in a job, let alone being paid bonuses and whatever else is in his '$770k package'. He needs to sort out the loan terms. The mess the bank didn't even ask for, according to Pinocchio Baay. Change the terms, or find a non-dilutive solution. Nothing else matters until that happens, because even with success at Casc 4 & 5, if we need to raise again PIs will get bled dry, and the new shareholders will make a killing.

YHAL, are you suggesting they have delayed results and any updated guidance to encourage an offer...?

If so there's only 4 weeks before they provide an update to the market. I have witnessed on a few occasions the share price being walked down to make an offer appear far more attractive. A premium of 50% @ 90p sounds a lot better than 38% when the share price was 65p just a week ago. If I had some spare cash I'd throw it in here. Either you make soe quick money on the bots, or even more if indeed an offer is about to hit us.

Thoughts on my numbers folks? It's f@cking astonishing how mgt has left the valuation of the company in the hands of algo's. The initial 'guidance', which was nothing other than stating a few 'maybe's', should have been updated by now. To think a listed company has simply said 'we think it will be XX, but really have no idea and will let you know more in 6 months' is ludicrous. Unbelievably poor shareholder comms and value mgt.

Mgt should have a very clear idea of how we're tracking v guidance after 7 months of trading. They don't need to RNS it, but a few interviews to reassure the market that guidance will be achieved, or exceeded, should suffice. They haven't even mentioned that debt repayment is the focus for this year. This is something folks have found out after contacting the company. Is Shinez a complete write-off or is there legal action still pending? If a write off, who's head is going to roll for an error that amounts to over 15% of the current mcap of the company...? The whole reason the sp cannot find an anchor point is because our leadership team still cannot find the time to let the market know what to expect. They're seemingly content for shareholders to get a surprise on September 01st it would seem. One thing's for sure, if they miss the sandbagged numbers, then someone will need to be offered up for the litany of mistakes over the past couple of years. Thoughts on my numbers welcome.

really head scratching stuff (and unbelievably frustrating). the last guidance, if you could call it that, was for adjusted ebitda of

- $20-25m (search). of this roughly $72m came from afd, and $20m from rsoc.

- $40-45m (dis + comparison)

- total range = $60-68m

i would hope the above ranges are absolutely sandbagged given mgt's failure to hit guidance in the past. even if we're looking at the pessimistic view, one should expect +/=$65m total adj ebitda. with operating profit being half of this number. the optimistic view is search is above the upper range given google didn't bring its afd changes until end-q1, and this was an opt-out where advertisers could still opt back in. the number provided effectively write-off afd in its entirety, assuming rsoc is unaffected.

for me, the search numbers simply don't make sense. even in the worst case scenario one could reasonably expect that we would make circa $18m adj ebitda from q1 afd ($72m 2024 results / 4). assuming this and even downgrading to $15m from afd in q1, and nothing else for the remainder of the year. and then adding $20m rsoc you get $35m adj ebitda. adding $45m (upper range of dis + comparison) and you get $80m adj ebitda.

can anyone shed some light on why the above is unreasonable to think? do we need to downgrade rsoc numbers from last year as well...? even if they guide for $65m this year they should be able to reduce debt to $55-60m. and if they do continue with double-digit growth in comparison + dis, and modest growth from the transition to rsoc, we should be seeing +$75m next year at a minimum.

issue of course is the company has decided to talk only about dis, which to me signals they are wanting to put this part of the business up for sale. why they haven't shed light on comparison is beyond me. and they should surely be able to provide some sense of what is happening with search. an interview re-affirming or upgrading guidance. anything. we are sitting ducks at the moment for an absolute b@ll**** t/o.

Seriously, wtf is going on here...?

About the only thing left for Calamity Baay to destroy shareholder confidence and wealth any further is to do a raise at these levels, combined with a 'leak' happening. The useless clown needs to sort the loan terms, or find a non-dilutive solution. Getting the funds seems like a long shot when you have raised with bucket shops that are as trustworthy and competent at their jobs, as Baay is at his.

I see we're heading toward the 12's again and still nothing from the company. Truly unbelievable that it took over 6 months to close a straightforward deal, only to have Calamity Baay do a last minute bucket shop raise, one that he said we wouldn't need to do. Central could have been sorted months before-hand had Baay taken the action to do a raise to satisfy the loan terms (which was clearly the case), but with respectable book runners. To leave it that late and do a panic raise is his fault. You go into business with the likes of Portillion then you have to expect they are going to f@ck you over. Our dealings with them are down to his decision making.

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