Member Info for Getmeout

Well done for taking a view. On the one hand the price is low so if you sell here there maybe good news round the corner. Against that there is oil but they can’t it out hence the share price is basically the all time low. On balance selling is no bad plan . You can re invest and hopefully make a better return else where

I see someone bought 2500 . I wonder if they know anything ? Having said that the sale of 1000 maybe be more significant. Who needs an update from the company when we are getting an insight from the trading pattern .

I think we can all agree that the management delivery around oil production could be better . What evidence is there a move in to the mineral sector will be any more successful ? Surely any assets being sold are better assessed by other existing players ? Unless of course it’s another questionable asset from an existing shareholder ( see CE which has been rented out 2 times in 8 years ) . This is not a criticism this is a genuine question? What evidence can we point to that going in to minerals will be successful?

When you say millions you mean today’s 9000 shares or £190 worth?

My view currently is Ofcourse you can get lucky in AIM and make a significant return . But as CASP has shown us it’s not always the case. The way to play it is to accrue capital away from AIM . Take a small percentage of that away and then invest in AIM . That way you can afford to lose it and not be so emotionally invested hoping or even relying on a quick return .

My previous post was more tongue in cheek. The reality is the current asset base is profoundly valuable. I would put it closer to 7 p. There is enormous upside if they can get any of these wells flowing . The boat is a distraction because if it was valuable it would not have been sold in the first place. The styles drift in to resources is a concern as the management have not delivered in the oil space. At the end of the day we could get lucky but be in no doubt there is a considerable upside from here we just need to get production up

Which is the odd one out

- lots of oil in the ground

- any ability to extract it (see share price 7 years ago )

- current management team

I agree Grister. The progress is glacial . I see no evidence that anything has changed . The goat is a distraction . It was purchased for $25 m 7 years ago. If it’s worth $30 m price it and sell it . It will be soaking up maintenance costs every month it’s not rented out

Not sure what to say . We get an update to say an update is due ?

CE was not rented out by the previous owners in 2018 or 2019 . It was purchased by CS in 2020 for $25 m in shares at 12 p in a related party transaction from the Oraziman family , which at least gives an indication of the value then . In 2024 they needed to finance a refit CE as it had not been rented for some time . It was rented out and the company took a $ 1 m operational loss on that overall transaction . I can’t recollect if they had been any other revenue in any of the other 5 years since purchase .

If $15 m does come in this year that would be very beneficial and justify a weighty value on the balance sheet .

I was surprised in the meeting they attached such a fanciful valuation to Boaty . It has had one or 2 contracts in the many years of ownership. They always talk of constructive discussions that suggest a new contract is imminent but that’s how it remains. Imminent . Yet somehow now it’s a prized asset with significant value. Fanciful and delusional

For those shareholders who were not able to attend the AGM and want a summary of how it went and want a barometer as to what it all meant.

Answer . - 1.79 %

If we get positive news before the shareholder meeting tgis week it will prove it’s all new.

Who thinks we do ?

Alas . Ground hog day. All this hog wash about TD’s , acid washes. WS and P1 are both dusters . They just need to drag this out . All a waste of time…..

Thank you xp . The reality is nothing has changed here. Yes we have had some news on licenses, yes some proceeds from the sale. But that is worth not that much as the markets assumes they will squander it .

Xp

You are a trader and clearly more experienced in trading than most of us. What led you to buy please in the first place and when do we get out. I am a stale bull .

With the price here if the prediction for the end of the year is 5 p then there is no point in holding . That is a pointless return. Now the management is poor and they have never really delivered. So I am is critical of the company as anyone . But frankly x 2 figures is entirely possible . I am a holder and I say 20 p is not impossible in 2026.

With so much good news due hopefully it’s surprising to see tha shares down . We need a positive update significant enough to get the price higher and not to just encourage more selling

The plan now is to break the habit of not being able to convert any of these opportunities in to materially accretive outcomes. The downside is limited by the cash and assets on the balance sheet. So we sit and wait and see what the next announcement is. As always I remain hopeful but history tells we will wait for some time and get a damp squib.

So what we are saying then is at 3 p we can fall to zero or go to 21 p. The company is well resourced with cash , little debt and a series of announcements due some of which could materially add to the asset value. Now before I ask the question can I reiterate I am a long term holder of not insignificant size . But I am just wondering why there are not more buyers driving up the price. Any stock which could deliver 1 down 7 up should be bought aggressively.