Member Info for G_G_G

Lukee, do they need to announce anything if they continue to buy shares? I thought they had permission to go up to 10%...? You'd hope they will keep going funds permitting. Nuts to stop at this sp and juncture. They could pick up another 10m (2.5% of company) for less than £6m. I really do hope they go for it, and then in 4 weeks they announce the exact same BB program and by everything in sight whilst the sp is below 80p. If they're correct about the bounceback in Search in 2026 there will be a 100% correction in 9 months as they'll have up to 12.5% less share sin issue. Also good for anyone wanting to make a bid in the bext 12 months. Here's hoping this f@cking !diot mgt team we have in place are going to double down on BBs from now. GLA

No doubt PB and his f@t bod will take forever to close the Central deal now (if at all). If that happens we're going to be back in the mid teens. Nothing will surprise me here.

Agree Lukee, these guys need to start fixing the mess they have created. Sale of DIS is literally the only way out, or we can taken out for some horrendously derisory offer. No doubt our incompetent bod would be willing to sell to Kestrel or other connected parties to keep their cushy jobs.

Another circa 0.1% BB in a day. Someone is offloading at the moment. To what end, who knows. Mgt have an opportunity here to buy another 10m shares for peanuts. They should go for it whilst the sp is in the doldrums. To think they can pick up 4% of the company for less than £6m if the sp stays at these levels is bonkers. They should keep going as hard as possible and try to mop up everything they can get their hands on. Throw a DIS sale on top of a reduced 240m share count and it gives us much greater value. Debt reduction can be the focus when the DIS sale goes through and the sp regains some of its awful losses. The f@cking !diots in charge will probably do the complete opposite now.

and where have you two little ****s come from then...? i've been here for years, unlike the two of you. perhaps if you had been here you'd understand the content of my posts a little better. and for the record i hold 375k shares and have oscillated between 250k and 750k shares at any point over the past 2 years.

Are we going to end up in the teens? Not looking good. And from the company, nothing.

This company has such a stink about it, which appears to be getting worse. It's astonishing they can be picking up this amount of shares and the sp continues to go backwards without a major holder disclosing their position. This is not PIs offloading.

Would be good to know what mgt plans are once the 400k shares have been utilised. I imagine any statement regarding the BB ending without a new one being announced will be quite negative on the already bombed out share price. It will also leave the company at the mercy of whoever is manipulating the sp. Let's hope they are intending to keep going up to the 26m limit and the +200k days continue to land. At some point the tide has to turn.

Mustn't be too many shares left at this rate. Would like to see them set aside £19.5m again, and aim for the maximum 26m share BB limit. They could achieve a 26m BB if the average price paid is 75p, which seems entirely reasonable when the sp is sub 60p. Huge opportunity for mgt to right their wrongs by going hard at the BBs whilst the sp is at these levels. The sale of DIS would be the best result for shareholders providing they can agree sale price greater than 7.5x EBITDA. This would eliminate debt, and provide us with headroom to invest in Search and Comparison moving forward.

Mgt need to stop talking about their options and start generating value for shareholders. BBs and DIS sale will fix the mess. GLA

thanks reserved.

stas, care to run some numbers? i'm unsure of the current he contract price but google has provided anywhere from $300-800 per mcf depending on purity. if using the 820mcf daily flow rate at the lower price end for each well, and average 5% he concentration, then it works out to be $12.3k per day, or $4.5m per year. flow rates could of course be higher depending on depth of each well, but one also needs to account for decline rates. he concentration at mid-point feels about right for back of *** calcs. if average flow rate of 800mcf in yr 1 the well pays for itself and future production is pure revenue.

the upcoming 2 week flow rates and he concentration are certainly going to be interesting. if they hit some decent numbers this is going to fly. my hope is we will revisit tsx all time highs. unlike he1, plsr are in the world's biggest market (not africa), and there's no water to contend with. our co2 is cherry on top.

only a few more weeks to wait. gla

Interesting YHAL, thanks for sharing.

Thoughts on who could be selling folks...? Surely there's a big b/g seller in our midst. How can the company be buying back 0.1% or more twice this week and the sp still goes backwards. I personally don't believe it's PIs. I do wonder if it's being manipulated to drive down the sp for a derisory offer by Kestrel or some other related c@nts. Mgt will probably recommend in order to keep their jobs. How their Exec are all still employed is beyond me. Anything near £1 and they can have my shares.

Going to be interesting to see what happens when the deal closes. I honestly couldn't say but have a feeling it will be a damp squib and the sp will only respond when they demonstrate an understanding of Casc geology and stop f@cking everything up with development of our core asset. Time will tell. Not long now.

I would be furious if Kestrel. They are no doubt in the red right now. Anyone care to provide their thinking on what the next t/o offer will likely be? I reckon 90p-£1 is going to land soon if they don't sell DIS. DIS and Comparison is worth this alone. Search would essentially come for free. Crazy valuation here, but that's what you get when you've f@cked up so badly on Shinez and little trust is left in mgt. Hopefully we can regain 70-80p and then an offer lands. I'd be happy to take £1 now. GLA

Does make you wonder what it will take to shift the sp. I read somewhere that Jetstream 1 had some initial flow rate measurements - does anyone know what they were?

agree lukee, you'd think there would be a holdings update if we had a major shareholder selling down. there has been a lot of shares change hands since the last ****show rns.

i too share your concerns on a lowball offer. problem is 125p was a lowball when it landed. so what is lowball now? i'd say 90-100p, but that's a huge increase on where things stand now. the even bigger concern i have is mgt are happy for this to be taken private by kestrel at sub 100p so they can keep their jobs. the best outcome for us is they sell dis. if they've had multiple offers above 7.5x they should take the highest and fix the mess they have created. the current mcap would be sits with a circa 9x dis ebitda valuation. the sp would quickly re-rate with anything more than $150m, which would also be the best outcome for all shareholders. it may also get another bidder to come out of the woodwork for +£1 for the entire company. but to let things sit where we are now is just asking for a derisory bid to land.

Wtf is going on here. I hope we see another massive BB tomorrow. They're clearly only picking up volume when there is selling pressure. Given the sp is going backwards I would hope they are buying hand over fist. What a mess the 'leadership' team have created. They need to sell DIS, repay debt, invest for growth, and sack the CEO and anyone else involved with Shinez.

Agree Stas. From a language standpoint her appears to be incredibly confident in getting us to production. I get the sense that he already knows this is a winner and is just waiting for confirmation to move forward. Having state government reps and leading partners like Chart on-board says a lot. But the raising of capital at a premium and limiting dilution via debt says a lot more, especially when he owns 10% of the company. Question is where this could end up if we get the +ve news we're hoping for. Sadly there isn't a lot of coverage and awareness in the UK so will probably require Canada to lead the way. One can only hope we revisit all time highs, but anything over CAD$1 will be a big step forward. Not long to find out. AIMHO GLA

nice to see the biggest bb to date yesterday @ just over 0.12% of total share count. scary to think what could have happened if it wasn't in place. question for me is who the hell is selling. there's only so many shares in pi hands, and i get the feeling they did the dumping on the bad news recently. equally could be folks taking their 10% from recent lows.

interview was ok. still cannot believe these guys have f@cked things up so badly. and wtf is going on with shinez. if they cannot get our money back, or at least a large part of it, then someone should be made to walk the plank. f@cking ridiculous to buy a loss making company for +$30m, which is huge compared to the mcap here. feel things cannot get much worse. time for mgt to get their **** together. absolute clown show of late. gla

Nope

Don't you mean it makes no sense to raise if they know it's a gusher...? Loan means far less dilution, which can be easily repaid withe a raise at double the value later down the line. Also means we can utilise funds as / when needed.

Anyway, I'm going with the rose tinted scenario. Would be odd for University Bank to give them $425k at a 15% premium plus a $4m loan if they didn't have confidence in the project. And I'd say its mgt that has pushed the loan option and decided to minimise dilution because they know it's going to be big.

Incredible how much this is flying under the radar at the moment.

agree lukee but they need to start breaking up the frankenstein they have created. stop buying more **** like shinez and create value by selling and streamlining. sell dis for decent multiples and then focus / invest in search and comparison, where the latter appears to have a lot of potential. combine this with a commitment to 10% bbs for the next year and the sp will be at 125p with us holding onto the biggest parts of the pie. problem is these clowns will probably sell the lot to kestrel for a £1 and take a nice big parachute payment. no point them telling us about how under-valued we happen to be. it's their job to create value. and the easiest way to do this is by selling dis. no full sale. no additional listings. and no more acquisitions. these f@ckwits have done enough damage with their post pandemic fuelled drunken fun. time to simplify.