Member Info for Gallmat

I think early settlement is case dependent.

Logically if you had to pay 400m usd. And legal fees are 10m usd for 3yrs

Dragging it out makes sense you save 20m usd on interest a year. So 60m usd vs 10m usd

But that is just a financial view. Probably there are other factors like being worried about the trial and view of the case more broadly

My take. They will try some basic challenges on the process ( why not). They won't win but costs little to do it. Then if your lucky card has not come in you might consider settling.

Given this logic I would only consider settling maybe 1 yr down the line

Thanks Tom.

From reading some more I found out that a more important variable is the cost of cycling.

Depleted reservoirs have a higher cost, and rough was started in 80s and is close to end of life.

Main idea seems to be a lower cost allows you to capture more of wider tails of the spread distribution so you can cycle more.

.basically turnover the energy more often making it capital efficent.

That is probably why rough is not great as it has a cycle rate of 1.3 per year vs 5plus on some other facilities.

Thanks for your ongoing support

Wow

I post on lots of boards and often get great help ( also giving back my research).

If you want to deter potential new holders go ahead. Learning about salt cavern gas storage is hardly straightforward and the company only gives high level data in their presentations.

If you don't want to assist fine but no need to have ago at people researching what they are investing in

This implies 250 days to fill and empty, does not seem rapid. I was expecting higher

Any idea how that compares to rough.

The real money seems to be in rapid injection and withdraw to take advantage of price spikes.

Have they compared it to rough?

Can I ask the data source for that?.

You can probably tell I do alot of research.

Regarding the discount. I think when you are inside these processes you have insider info and should not trade on it. The discount is to minimise regret as you are locked out of the market.

The rough storage facility has slow withdrawal rates and is more seasonal

Salt caverns have faster and responsive flow capability

https://www.geolsoc.org.uk/~/media/Files/GSL/Events/1Sus%20exploit%20of%20the%20subsurface%20presentations/Day%202%20P5%20-%20Fast%20cycle%20gas%20storage%20-%20Sustainable%20exploitation%20of%20the%20salt%20subsurface.pdf?la=en

Clearly he is doing nothing.

Slapped the cash in BRES, let them do the work. Take a salary.

If the guy cannot be bothered to update people what does that say.

Better to buy BRES than hold it indirectly here as board just eat up the value with corporate costs.

I would also not be surprised if it was some traders in there. If you follow the stock it made sense to buy even if you do not want long term holding.

I have no issue with people doing it. It you make 25k in a day fair enough.

If you have cash I am sure lots of brokers call you up with deals. Human nature to exploit advantages you have

Did some c&%& just ditch their holding at 8.5

Hard to know :)

Anyway it's done time to wait now

Need a rest after reading that. So says

1. The fear of placing impeded greenx

2. If our claim is equivalent to greenx the reaction at SOC is 2x our current price

3. Lots of pent up demand as placing was oversubscribed. Those who did not get full Allocation.

Lots more there, but basically what we said here

Thanks. I had a good look at them.

I knew guys who wrote models for power storage in banks. Very detailed area and lots of market knowledge needed to do it, including some parameters that are not liquid.

I cannot hope to know anything about it. So I buy based on the basis of a gas project only. If experts think it is valuable then we will learn more later

1..The value of just extracting gas was in ipo doc. See below

2.value of storage is not discussed

I am trying to make my decision based in 1. If storage story fails I want to know my fallback value

https://res.cloudinary.com/investorhub/raw/upload/v1726057954/leaf-prod/310/documents/Investor_presentation_IPO_-_Dec23_zkyedt.pdf

I think the rise was predictable.

Potentially there will be no raises until the end of process.

If you want stock you cannot rely on timing the balance sheet and getting it in a discounted placing because you are high net worth.

The story is now buy it here or move on. If you wanted in at 7, and lots of people did then you now pay 8+

The npv sensitivity in original presentation was interesting. Quite sensitive around gas price which I have little knowledge about.

As for valuing a storage facility. No idea.

A small punt for me as I do not feel experienced I the area.

Real thank you for answering my questions and supplying links. Appreciated

My guess. Our opex was 1m usd and 0.5m usd foe exploration. Given we have no exploration going forward. We have more than enough to get us to the end.

Playing the, there will be a raise game has gone.

IMHO. If you want to buy this now you might as well do it now as SOC is coming soon.

All the people who could not buy in the placing due to it being oversubscribed now need to buy in market.

Q1 date had no input from company. It is fully independent research

Thanks for the help.

I am looking for names. Do you know some pre production companies. Just good to make sure I am looking at something sensible