Member Info for gordon1237

HRS. Whatever you're on, can I have some ?

Depends on your definition of eventually, I suppose. Too late for me and most others, I suspect.

At the moment I would be happy with 20% of that.

Just received this reply from Briana.

" I’m afraid that I am unable to share Panmure Gordon’s report due to the FCA not allowing us to share directly with retail investors for regulatory reasons. You will need to request the report through your broker. "

Utterly ludicrous.

I have emailed Briana asking for a link to be Tweeted.

Have tweeted requesting a link to the report.

The market definitively ain't impressed.

How do we access this report ?

What does it mean, via your broker ? Why can't they post a link?

Https://twitter.com/Synergiaenergy/status/1732732749436375400?t=M_npbwbZrAKE-v8p9B2JhA&s=19

Panmure Gordon research Paper.

Target price 1.5 p

Mind boggling.

Can't even dummy sell a million at the moment.

SS. You are right. My bad. For some reason I used 1.75 billion in the first calculation instead of 1.375.

So yes it's 13.3 % without the warrants.

The second calculation with the warrants was correct at 23.2 %.

I take your point that they now have money they didn't have before. The fact remains that once the warrants are exercised our investments will be worth 23% less than they would have been otherwise. Obviously the company needed cash just to keep going. So little choice really.

Well Zag. The market is obviously unimpressed.

Not sure of your point Elegance. Personally even with the dilution I was expecting a rise today on anticipation of it all finally happening. I mean look at the rise in February just on Roland going to India.

To get the true dilution you divide the current number of shares by the new number.

Without the warrants we have 9.122 going to 10.872 billion. That's 0.839 so 16.1% dilution.

With the warrants we have 9.122 going to 11.872 billion. That's 0.768 so 23.2%.

Really wasn't expecting this.

It's 0.0879 to buy 5 million. Shocked.

Sorry. One mistake. It's 2.75 billion extra shares.

About 23 % dilution.

Yes. At last some real progress. Which is great. Not so great is the further massive dilution. Another 3.5 billion shares if you include the warrants. That's about 28% dilution.

Excellent that there is a free carry for the first year's work programme, although we don't know how many wells etc that entails. If the programme in the August presentation still stands it would be Capex of 40 million usd which is amazingly good.

It seems that in spite of what they said they have given up the operatorship if the other party is lead operator.

Overall a good but mixed bag. Certainly wasn't expecting that much dilution but also wasn't expecting the free carry to be that much. That's assuming the presentation program still stands.

Exciting to see how the market reacts.

Gla.

Fair enough Sausage. This whole situation has become " Seeing is believing ". So let's wait and see.

So why did most of the gain disappear ?

The excitement has reached fever pitch. Eleven quids worth of buys.

Know what's going on