Member Info for G_G_G

Super I'm struggling to follow your posts as well. Some questions.

- Did PB present and is the information you are sharing something he said at the conference? In particular your references to production updates at end of month.

- Where has PB stated the 17th is a red herring given he gave that date...?

- What exactly are you talking about with Rio? You mention it here then start asking questions about it. What exactly is the stated plan with Rio, if anything has been stated?

- Was there any statement / confirmation of when and where the next two drills will be turning. I note there is a reference to 'potential' four drills at Casc C in the presentation.

- Realistic spud date 01st December refers to what exactly? And who said it?

Appreciate some simple answers as I honestly have no idea what you've been talking about in the last half dozen posts.

I'll take Malcy being in TRIN being a good sign though. RNS required.

Anyone have any snippets or updates from the corporate presentation today?

Suggest you google types of gas decline curves. All wells decline. It's just a matter of how much each year. Decline rates for our wells are at the very upper end. Good thing is they cost f'all to drill and the declines will only get better with greater understanding of the geology.

Presentation is ok. Concerns are they haven't given a date for Casc 2 & 3 production. To say Q4 is to say nothing. Hopefully when they present they will share a little more about expected flow rates and when they will announce them. Second thing is they haven't given any detail on the next two wells that are meant to be drilled in Q4. Other than confirming there has been no hook-up and first gas issues, I'd say these are the most important things for PB to elaborate on. GLA

Yes typo Sturm. From memory he gave 17th October (or before-hand) in the interview. And I agree that giving dates for major milestones should be accompanied by some form of update, official or not, that the milestone has been met. The long stop date he gave for hook-up / first gas was yesterday. Simple 'hook-up complete, first gas flowing, and looking forward to updating the market XX.XX' would suffice. Not doing it can put doubt in the market that everything is on-track. Quite amateurish if they're not going to update on guidance provided.

Adon, PB provided an update stating things were 'on-track' but certainly not complete. Arguably the biggest milestone is successful hook-up and gas flowing (more so than the volumes). He provided a date for this (actually said he expected it to happen before 17.11), and given the importance of this milestone I'd expect him to provide something to the market by way of interview or other. Saying things are on-track means f'all. This milestone being achieved means a lot. Good investor relations especially given he set an expectation. He can also take the opportunity to set an expectation on when gas volumes will be reported.

Isn't there a conference tomorrow where PB is presenting? I'd expect some sort of update today prior to him saying anything at the conference. He better not be about to drop a stinking rns after hours today.

It would be good to hear that hook-up etc. has all gone well and gas is flowing if we're going to have to wait another week or two for flow test results. Otherwise the market could get twitchy. If all is going according to plan it will also give the sp a boost as operational risk (the biggest by far) is all but removed and it's just about gas flows.

Adon, the date came from PB in a recent interview. It's not some nameless person on a board saying 'their connections have told them 17th October'. Most people who saw this interview were surprised by the statement given the rns you have copied here. Anyway, it doesn't when it happens this month providing all goes according to plan with hook-up and production is near or exceeding 50mmcf combined. This will give us our re-rate and provide upward momentum. GLA

not back in mcfirth. i'd have told you by now if i was buying.

perhaps you need to see it this way. when i've been buying i have provided the reasons why and even gone so far as to say when and how much (just for doubting people like you). same thing has happened when i've been selling, although i did wait to offload my 6.5m holding before sharing the reasoning. you'll note that i divulged this information when the sp was bouncing between 1.08-1.12p stating it was in trouble (and why). clearly many others had seen the same thing given it took quite a bit to get my shares away and the best i received was 1.17p straight out of the gates.

so no i haven't bought back in yet. firstly, the investment thesis has changed quite dramatically wrt to timing an entry. the sp could go in any direction, because they're diluting for acquisitions, and imo the last one was a complete waste of time, money, and resources. so much so that i have questioned (here) who the interested / connected parties are with the eagle deal. it's done now, but if they repeat anything like this the sp will be at 0.6-0.7p. secondly, i have 750k shares in a speccy called txp. news is due very soon but £250k is a decent sized outlay for something that could realistically lose me £50k or gain me £100k in the next week or two. finally, i have been pulling money from aim and lse due to the autumn budget. people need to take a look at some of the rumours regarding cgt and more importantly changes to aim. i've even sold down close to £100k in one of my favourites - tig - in advance of what this f@cktard government could end up doing.

up to you whether you believe anything i've written. i genuinely couldn't give two ****s. but those who read with an open mind would have been in a far better position than you now. and that's a fact.

It is disappointing that PB has yet again set expectations on timings that haven't been met. He even mentioned before the 17th for hook-up. As mentioned I don't have any issues with slippage providing it isn't due to infrastructure failings, as this will mean more downtime, more money needing to fix, and less money being made. This is the big risk that haunts me each evening. The production we know will happen, it's just a matter of whether we're producing 30, 40, 50 or even 60mmcf from both wells. I doubt it will end up beyond the lower and higher levels provided. And as another poster pointed out the other day, it's all money.

PB will need to give an update this week. Just an 'all on track' interview or statement will do. He also has no wriggle room for f@cks ups. It will just reinforce the views of many than TRIN was an opportunity they should not have pursued. Fingers crossed we get a decent update in the coming days. GLA

De-ramping crew? I think any mindless de-ramping has been heavily out-weighed by mindless ramping. Problem is whingers asking why the sp is dropping then calling anyone a de-ramper who tells them the reasons why it has cratered. Some of us were telling you before it even happened, amazing eh? You may also recall that I've been saying that I think the bottom will be 0.80-0.90p. I hope this is the case for holders because the next drop is down to 0.6-0.7p and many of you clearly don't have the constitutions for that to happen.

For now this level appears to be holding. But another stinking acquisition like Monday and this will hit that lower range. Good thing is most dilution will be known so where it settles should be the LT floor providing there's no major hold-ups with funding. Next acquisition terms and what they're buying is the big unknown. If it's Beisa quality the sp will jump. If Henkries Sth it's going down.

Dilution is now a known factor. The inference that acquisitions would be made from a yet to be announced funding pot clearly isn't the case. I wouldn't get too excited about this little bit of relief though. It always happens on micro-caps after big sell-offs (30% here btw), but if there's a news vacuum for the next few weeks the direction of travel will be down (and not up).

Well done Adnauseum. Looking at your history is not my thing btw. I'll take your word for it.

What a voyeur you are Adnauseum. You might want to read a little further on TXP. DBH is the resident id!iot. Most have him filtered. Do better.

Moronington, Adnauseum and McFirth, where's Growabrain? Is he not with you guys? Only reason why I'm still posting just now is to f@ck you geniuses off (and on the off chance that I buy some more).

Tell me are you four wise men still wondering why the sp has dropped to .80-.90p? Surely not for the reasons I've outlined. It's going to be so much fun if I end up buying back at 0.60-0.70p. You should hope TXP comes off. The profits will come back here. God knows the sp needs some help.

I generally don't comment on trade sizes but the £360k this afternoon at 135p deserves a mention.

Agree fonters. And so do I :) Having said that I'm far more concerned with upcoming news on TXP at the moment. That's the only semi-speccy in my portfolio now. It's potentially very big news and depending on whether it's good or bad I'll either lose £50k or make up to £100k. I've built a quite decent position over the past few months so quite an important rns about to land in the next few days. Good or great news and it makes the decision to roll the dice here much easier when I feel the timing is right.

Fonters, that would certainly be the key piece of the puzzle that can only be positive. If they drop another acquisition stinker like Monday this will be heading to .60-.70p. That's when I'll be back in. Not convinced that 0.80-0.90p is going to hold simply because of the threat of dilution for another average acquisition. Hopefully they do make another acquisition like Monday's. It would be great to pick up 10m shares for the same amount I paid last time :) If not, c'est la vie.

Lincolnshire, if they're a producer and listed in the US, Canada or Australia then I agree. But they're not. The lse is a basket case full of every possible commodity company being valued at roughly half of their Nth American and Australian peers. This will be no different unless it gets the herd treatment like 88e, GGP or EUA. When members of those herds start popping up en-masse here then all rational thinking goes out the window. I also invested in Uranium years ago. Got absolutely burned by an Australian company called Paladin. What I do agree with however is that Uranium is a key commodity for the future, like Copper. Go and check out ATYM to see what a great copper company looks like by the way, and then look at its valuation. The company is a producer, pays a dividend, located in Spain with huge EU backing, holds 10% of its mcap in net cash, +10 years of production in RESERVES (note the word folks), significant exploration upside, solar plant coming online this quarter, Elix online this quarter (higher margin), and it's still valued at f@ck all. Compare and contrast to here. Talk of £400m mcap is plain silly when they're printing shares like confetti and don't have any funding to do anything let alone build a mine (which takes years when including all permits etc).

If £12m mcap falls it's straight to £10m. That would be perfect timing for a big bet.

Update tomorrow then. Hopefully not a dreaded after hours Friday t@rd being dropped on us. Oh wait a minute, is that being too negative dbh?

I don't care too much about timings provided we have successful hook-up and +50mmcf from Casc 2&3 combined. Reckon the market will give us our re-rate on the back of this.

Oh no dbh is on my case. And I believe it was you that told me to 'give it a rest'. You didn't even pick up on the irony. I suppose accounting superstars have never been known for their sense of humour. Still nothing from you on the numbers side Mr Accountant? Here's a number, you're a zero.

just come off a few teams meetings and this is down another 8%. oh dear. l2 update mcfirth? and yeah i'm worried sick and messing my pants about the sp here.

someone mentioned 6 month lock-in for henkries south. i haven't seen this in any rns - where was it written? pretty big f@ck up not to mention. still a huge amount of shares to hit the market with no set value attached.

lincoln, you need to think of why some producers have such low mcaps - it's because of ev. so yeah as a producer it should be valued more. but if they have £100m of debt to become a producer the core sp dictator will be ev. and you're assuming they can mine profitably. mining is also years away. if anyone wishes to challenge this then take a look at tullow, enquest, or the ****show that is hum.

for clarity, there is money to be made here. and potentially a lot. but massive dilution and what happens when these large chunks of shares hit the market is what can make this a crazy ride. those who bought in at 1.5p the other week would know this well. i started buying in the high 1.20's, and just lucky that i kept averaging down and started pulling the plug at 8am monday to effectively break-even at 1.1p.

announcement timings are what people here also need to be realistic on. government sign-off of beisa, this could take months. this has 250m shares attached (with lock-in). final documentation for henkries south...? this has 200m shares attached. funding for fs...? this has 250m shares attached. timings and timing are the key to making money.

in the meantime the sp keeps dropping. first support 0.8p. beyond that you have up to a 25% drop. that's where great value / returns can be found. i'm not a buyer at this level, but will let you know when i am mcfirth. you can watch them pop up on l2 and let everyone know it was you.