Member Info for Gord_1

The shares from buyback are still in treasury, so technically they could re-issue to repay off any debt from buying them. The cheaper they buyback today , the better long term for the company to keep them as a safety net if prices rise. Thus it raises the question, who is forcing the SP down when results were ok. Leaves a lot of questions about who is actually benefitting from the buy backs because when it was first agreed in 2022 , shares would be cancelled, but they changed that strategy in 2023 to suggest they would be either cancelled or kept in treasury and possibly be re-issued.

Interesting fact : 7.3 trillion shares issued if you count in the 250 consolidation and not a drop of oil delivered. Says it all

Must be a record on LSE ?

Yip, its the only logical way forward all round . Pointless selling out for less than 90p

I suspect they are also having the same debate in the Board room..........I still think a 50 % discount to the last offer is a fair price....so anything between 90p - 110p will be on the table soon with a guarantee that jobs are retained and bonuses reinstated.....imo

Doesn't make any sense to approach with a silly offer as that would be waste of time as they know it would get rejected.

"Wood shareholders are advised to take no action in relation to the Proposal"

ie don't sell if your a shareholder. :-)

This will be sold .......a bid will come through .........they waited until the SP collapsed and are swooping in to take advantage. They wanted Wood before and this time it will go through imo.

66p would only value Wood @ less than ~ £500M. I suspect it will go for just under half the previous bid @ ~ 90p. its a tough one to call but 66p is to cheap imo.

35 to sell :-) ....and rising ........guess the shorts are ducked

Its the place to be and Neo has both ! Interesting article on where this will go:

https://money.usnews.com/investing/news/articles/2025-01-30/column-nuclear-revival-puts-uranium-back-in-the-critical-spotlight-andy-home

@JB - Thank-you for reassuring investors.

I personally have a considerable stake in this venture and will continue to support as I see this as an opportunity that will gain momentum. Whilst I appreciate that there will be difficult tasks ahead, so far you have achieved a huge amount in such a short space of time. As more progress is made, more investors will join the ride and this board will attract more discussion and banter.

Keep up the good work as you are sewing the seeds of a future great company and I do support the approach you are taking. Its refreshing, positive and demonstrates your commitment to shareholders. It's the right time, right approach and will be very rewarding to all concerned.

All the best and have a great weekend in SA !

Is this TBT..........? https://marketmakersai.com/

Interesting it came through as the US is waking up.

I'm surprised they left £2 in there ....

Abzzba - That made me laugh ! Considering the rubbish you spout out from looking into your glass ball.

@Adw Good points you have made, its a difficult one to call given that we don't fully know the costs associated with drilling H1/H2/Gobi in 24

What we know is that on 30 June 2024 they had $1.9M +$ 9.3 was also raised = $11.2M.

Admin etc cash burn for H1 was $2.5M so I would put a figure of ~$3M for H2 24 to include new licences

Drilling H1/H2/Gobi I estimate to be ~$3.5. ( I might be way off here)

H1 25 ~ $3M admin/licences etc

Production payments = $600per q until production rises thus to June 25 = $1.6M

Remaining balance end June = ~$3.3M which does not include any increased production/renewable project costs.

Hope this helps.

@Adw : In the last set of accounts you can broadly work it out ( Pages 50-54 & 70-71) . In 2023 they received $2.6M from a bond repayment and thew most of that into long term deposit account ( Total now $3.5M shown on page 71) I estimate without drilling- $4Mpa cash burn, thus generally they drill/explore and have a provision of $2M each year. I estimate they have enough headroom to keep things going until Nov/Dec. ( possibly longer if they don't drill ). If monies are received from Heron, this will add to the pot and if production increases they could be cash flow positive by 26. Obviously if they do raise before then, they that can only be for maybe the renewables projects which i haven't accounted for.

Cash burn is ~$6M pa depending upon any drilling. They raised $9M last July ......they also have ~$3.5M in long term deposit earning interest @7%........so no a raise is not required until at least later this year.

I'm absolutely amazed this company has not been bought yet. Deals coming through in Europe and Africa....growth is happening.

"See the latest unsubstantiated porkie is that MB lied in an RNS, please report him, quite sure the FCA could be doing with a good laugh"

The fact is he did - and he is probably having a good laugh at you for getting away with it.

I think it will be a placing to support the ping-pong game with CP......its been going on for 4 years so I cant see it ending soon. Also I cant believe the CEO wasn't reported last year for market abuse any lying on an RNS. What ever it is , if it is positive news it will be temp BS followed by a raise ( like he did last year)