Member Info for gordon1237

Don't see the logic here. Yes they must be running out of cash and a raise is likely unless there is positive news soon. Why on earth would that make the price go up? Previously, rumours of a raise have produced a drop.

Encouraging that the sp has held up so far today.

So. 110 million traded and 17% up. Does it mean anything ? Maybe all will be revealed tomorrow. Or not. Gla.

100 million traded.

Very interesting. Let's hope it's for real. Gla.

I can understand your frustration Hugo. I did manage to get out on that news in April 2021. I had resigned myself to never getting my cash back, my average was 0.32, and managed to sell at 0.40.

When it dropped to the mid 0.2's it seemed overdone so couldn't resist getting back in again.

It looked good when Roland, with his great track record, was appointed so averaged down to 0.19.

Just hoping that doesn't turn out to be a terrible decision.

Hugo. I did wonder whether the big downgrading of the potential value in August was due to the potential jv insisting on a more realistic value.

For a long time I was convinced that the jv was waiting for the flow rates before signing a deal. However, at the meeting, Roland reiterated that this was not the case.

A couple of written answers posted after the meeting are even more to the point.

" Q9: Does the JV partner(s) want to see a minimum flow rate? and it so, what is that minimum flow rate, before they sign?

No."

" Q10: Would it now be correct to assume that finalisation of the farm-out is dependent on the flow rates with artificial lift ? If not, what is causing the delay ?

No "

That seems very definite. So to conclude otherwise would be close to saying the company is lying. Dont think we should be doing that.

True Hugo. Shows the depth of frustration.

Sausage. Yesterday's close was 0.0875 not 0.095 as shown on here. Currently down about 3% not 10% as on here.

Or another interpretation might be that the price action you describe is due to the volume and interest being minimal.

Lol. Prefer a Henry myself.

WTF !!!!!!!

Lol. They'd quote 3 months take a year and double the price.

Sausage. Don't know why you're so obsessed with the spread as shown on here. Everyone who deals in these sort of shares knows that is not the real spread and would check for themselves.

The real spread from dummy trades is about 7%.

Last. Roland said in the meeting that jv talks were still ongoing.

I asked Briana about that rns on 1st September.

She replied " If we gave up 51% we would lose overall control but we have no intention of doing so. We aim to maintain control of the Cambay PSC."

Whether that's still the position is anyone's guess

NS. Not ridiculous at all. Not a takeover of the company, but selling 100 % of Cambay and giving up operatorship might make sense if the deal was good enough.

SS. Agreed and of course whoever they are talking to has the whip hand as they know Syn are financially weak.

NS. Of course it is ridiculous when we were told at the end of September 2022 that it was expected to take a few months. Indeed we were told in April 2022 that the new wells were expected to be producing by April 2023.

When I reinvested in mid 2021 I did so because I believed the sp had fallen too far to 0.24. After the new management came in on June 2021, I averaged down to 0.19. So I now need it to more than double to get my money back. I think there is a good chance of doing that and hopefully a bit more. Vf's 0.5 would be great although not sure hiw likely that is with the increase in the number of shares.

NS. Sorry, but that's ridiculous. Of course it takes time. But 14 months? Give me a break.